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FTSE big crash

GoldenPhil

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Martlet Proficient

Martlet

Posted
Posted
1 hour ago, HerefordBullyun said:

The beauty is that if mainstream stocks go down mining stocks like Greatland will go up - its no brainer becuase people again will go to PM's. PM Mining stocks are a double agent! Espically up and coming companies like Greatland! 

If there is a sharp reversal, stock like these will get hammered whatever the news.  The best bets for weathering a storm are the traditional defensive stocks, pharma, utilities, groceries and drinks (and even the last one have had trouble this time). 

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TheApe Rising Star

TheApe

Posted
Posted
34 minutes ago, GoldenPhil said:

I think in the last quarter of 2020

Sounds a bit bad, but I am kind of cheering for it.

Stock markets stupidly inflated. I want to see it burn.

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RichmondStacker Community Regular

RichmondStacker

Posted
Posted
1 hour ago, Martlet said:

If there is a sharp reversal, stock like these will get hammered whatever the news.  The best bets for weathering a storm are the traditional defensive stocks, pharma, utilities, groceries and drinks (and even the last one have had trouble this time). 

In most cases yes but you can’t un-find the gold. The estimates so far is 4.4moz gold in the Haverion mine, that was in the last quarterly report. Since then they have had 9 rigs drilling 24/7 for the last two months. Newcrest have also fully funded the decline and mine build. 

The high grade ore is 10 x the high grade in Newcrest’s Tefler mine, which is only 45km away so no need to build a new processing plant. 

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Kman Mentor

Kman

Posted
Posted
17 hours ago, GoldenPhil said:

Ok the FOMO got me. I am out of the short and into newcrest and greatland 

Do you think it was the sobering economic news from Germany or you entering the market that caused 5% drop in Greatland :P 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted
4 minutes ago, Blockhead said:

Half past eight this evening? 

Thats a very accurate time given that its 15.30 US time people are still trading. Do I put my short head on then? Blockhead and the Ape must know something we dont!😜

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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GoldenPhil Rising Star

GoldenPhil

Posted
  • Topic Author
Posted
On 09/06/2020 at 11:10, vand said:

Great. The Revenge Trade is on.

 

When you're fed up losing all your money to short term speculative whims, you can begin to accumulate wealth by adopting good disciplined long term behaviour.

 

 

https://www.proactiveinvestors.co.uk/companies/amp/news/921659

 

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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted
20 minutes ago, GoldenPhil said:

https://www.proactiveinvestors.co.uk/companies/amp/news/921659

 

Did you buy any greatland @GoldenPhil

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted

Nice one!

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted
2 minutes ago, Cornishfarmer said:

I’m gutted.... I went to buy last night and wife called me out to do something, went to re quote and by the time I pressed buy it was 4.30 and missed out. Cost 10% more this morning

Still cheap buddy! for me its a buy and hold! i think its a great little penny stock! @Kman kicking himself again!

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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Cornishfarmer Experienced

Cornishfarmer

Posted
Posted
3 minutes ago, HerefordBullyun said:

Still cheap buddy! for me its a buy and hold! i think its a great little penny stock! @Kman kicking himself again!

Ended up buying half what I was going to and the other half in HOC.       there fries my plan of not buying any gold shares because I have physical 

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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted

After a sea of red in my oil major I am tempted to pile all in on greatland but maybe wait for a dip....

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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Kman Mentor

Kman

Posted
Posted
2 minutes ago, HerefordBullyun said:

Still cheap buddy! for me its a buy and hold! i think its a great little penny stock! @Kman kicking himself again!

It's been an interesting day to watch so far, I'm more relieved I didn't get sucked into any stocks with fomo

I wouldn't have actually gone for gold miner stocks I thought they were on the down trend for the next 4 weeks or so but the change in the market has thrown that out the window

It's been interesting to see gold, silver and bitcoin getting sucked down too (albeit only a little) whilst gold miners are doing well

Are the large drops down due mostly to corona cases rising again in the US?

TVIX up 37%

If corona cases continue to rise over the weekend Monday could be very interesting

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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HerefordBullyun Mentor

HerefordBullyun

Posted
Posted
4 minutes ago, Kman said:

It's been an interesting day to watch so far, I'm more relieved I didn't get sucked into any stocks with fomo

I wouldn't have actually gone for gold miner stocks I thought they were on the down trend for the next 4 weeks or so but the change in the market has thrown that out the window

It's been interesting to see gold, silver and bitcoin getting sucked down too (albeit only a little) whilst gold miners are doing well

Are the large drops down due mostly to corona cases rising again in the US?

TVIX up 37%

If corona cases continue to rise over the weekend Monday could be very interesting

I think its that and the FED pumping the QE in also, the bazooka is wearing out - but FED has already said hes going to throw another Trn again!!! https://www.zerohedge.com/markets/mnuchin-scrambles-halt-stock-rout-says-will-pump-another-1-trillion-economy-month

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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