II Editor
21 Nov 2016
NEW ARTICLE: Chart of the week: Sell a miner, buy a bank "Rio Tinto finally runs into resistanceEarly this year I turned bullish on metals and the big miners such as LSE:BLT:BHP Billiton and LSE:RIO:Rio Tinto. That stance was based on the overwhelmingly bearish sentiment that had built up over years of ..."[link]
gamesinvestor
12 Nov 2016
Re: Back in the black """"Hmmm ... can't imagine what might do that, given the apparent extent of the confusion at the heart of government over how to Brexit.""""I found it, it's called the Donald:-Brexit is tiny on a world scale - the Donald has a much wider impact.He has reversed his policy on ObamacareHe's removed the "remove" all Muslims from his web siteHe's gone quiet on locking up ClintonIs he going to build build build?Something tells me he will "not" build a wall and maybe not initiate big infrastructure projectsSterling is already strengthening because of the Trump circus.Commodity prices to reverse back down again anyone?I'm stop lossing this at 1200 and RIO at 3000 -- if they go, they go.Games
popes11
11 Nov 2016
bacon lettuce tomatoe Sandwich is all I can buy with my profits here. Happy with that as these have been a big loser for me. Happy to be out.
gatheringdust
10 Nov 2016
Re: Can't believe Donald says he is building a big wall.
gamesinvestor
10 Nov 2016
Can't believe I'm actually making money on BHP, RIO and slightly underwater on Glencore.The whole lot represents only 2.63% of my portfolio, but I thought it was only possible to lose money with these holdings?Is there a new dawning?Is there a new continent being established that will build faster than China?Will Donald Trump spend a fortune to rebuild the USA's crumbling infrastructure?Games -- whatever it is, it's a blessed relief -- is it time to sell?
MoleMan99
27 Oct 2016
Re: So why are miners flying Breaking my own rules and just riding sentiment as you say, but just read something to remind me to be long term cautiousChina's debt has soared to 250 percent of GDP and the Bank for International Settlements (BIS) warned in September that a banking crisis was looming in the next three years.Have some contact with Chinese nationals. The housing boom you probably know about is just beyond our comprehension. Doss flats in major urban areas (that you have never even heard of) are 'worth' more that prime London locations, up 5 times in 3 years.It will end when the banks stop lending to investors to flip units, and construction commods will get hammered. Iron Ore for $20 anyone?Piling up my gold hedge and polishing my tin hat.
Actinidia
26 Oct 2016
Re: So why are miners flying Pure sentiment as far as I can see. Lets hope it continues.
MoleMan99
25 Oct 2016
So why are miners flying Enjoying the gains, but still can't really figure why miners and the likes of GLEN should be so in favour.The commods themselves are pretty static. Copper down, oil up but not much really, iron ore bobs around in the $50 range.Coal has gone up alot but that is about it.Caterpillar isn't romping ahead as nobody wants mining or building equipment like they used to.GE down as oil services is suffering.The list of reasons to be scarred stiff of miners is long, and yet up they go.When to get out, that is the question.
II Editor
24 Oct 2016
NEW ARTICLE: Chart of the week: Mining rally not over "BHP Billiton hits both of my targets, but is there more?Suddenly, the mining giants, including LSE:BLT:BHP, are hot again. Yes, indeed, from zero last winter to hero today. In these pages, I have mapped the terrific rise in these shares from ..."[link]
gamesinvestor
07 Oct 2016
More in the black Well at this morning's rate I'll soon be in the pink!!Unless the £ keeps falling and we end up shredding the stuff.Games -- keep it up, however false the scenario!!
gamesinvestor
07 Oct 2016
Re: Back in the black "According to Mowgli and Bagheera the divi policy has no effect"Unless you have a CEO like Shere Khan who screws it all up and makes off into the jungle with the lolly.I guess at least with divi you can pocket it so to speak -- although in general I'm ambivalent.Games
LK Hyman
04 Oct 2016
Re: Back in the black WB,"Cut in the divi doesn't suit me."According to Modigliani and Miller the divi policy has no effect on the value of the firm. If you need some income from a low yielder just sell a few shares every year, why not?LKH on the flybridge
LK Hyman
04 Oct 2016
Re: Back in the black MoleMan,"If something happens to boost sterling"Hmmm ... can't imagine what might do that, given the apparent extent of the confusion at the heart of government over how to Brexit.LKH on the flybridge
Warren Buffoon
04 Oct 2016
Re: Back in the black Like you games, I'm just back in the black. But I'm selling. Cut in the divi doesn't suit me. Better long term investments for me......
MoleMan99
04 Oct 2016
Re: Back in the black I am cautiously riding the wave but watching like a hawk as I feel it is overvalued It is getting double effect of optimism on commod prices and the falling sterling.If something happens to boost sterling and at the same time commod optimism wanes, the correction will be pretty quick I fear, though I think my doom risk of the summer has passed.Maybe just sub 1000p, instead of in the 600's?
