Barclays Share Discussion Threads

[madoff with cash] 20/4/2009 22:09

chillwill, i agree. sometimes i just got all over and the only thing i could scream is sell.
i think copper might pull back significantly. the buying frenzy is not becuse of chinese economic recovery. even if china recovers, its economy is smaller than europe and us combined, which is where the trouble is. so commodities will remain under pressure for some time i think.
copper bullish run is due to inventory replenishing in china. rumours are that chinese are building more inventory to stockpile base metals to meet requirements for decades. that makes the traders so exicted and piled in their cash to copper. i have no idea whether i should be equally exicted about copper. so i don't touch them. but if rumours turn out to be true, we will see a probably sharpest rally in base metals, simply because supplies can't match demands. that could occur even when the world is in recession. it all depends on how china would behave. they may just dump dollars in exchange for commodities even though they don't need them for now.
so it's good to have some industrial metals in everyone's portfolio.
i own silver. but gold, again rumors are that imf is trying to sell gold. they talked about 'boosting their resources' to help 'developing nations'. that's newspeak for selling gold to replenish their capital base. and when imf does sell, gold prices might go down a lot. and gold has outperformed almost all commodties i know of except perhaps cocao (again angola story). so i prefer silver to gold at the moment.
i am also shorting government bonds soon, via a listed security in nyse. it's by longing tbt. check it out.

[cccbbb] 20/4/2009 21:44

Interesting report from Bloomberg;

[chillwill] 20/4/2009 21:44

madoff - you make some decent points, but the way you put them over isn't too good, ranting on sell sell sell etc etc.

I'm not so sure on copper, doesn't it follow the market unlike gold & silver?

[informant] 20/4/2009 21:43

This could turn into a two week sell-off. DOW down another 200 tommorow

[madoff with cash] 20/4/2009 21:37

where are all the bulls? gone to sleep early? or just bury their heads in the sand?

[madoff with cash] 20/4/2009 21:21

fantastic buying opportunities for commodities as flight to dollar brought down their prices. sell financials, buy commodities.

[qantas] 20/4/2009 20:56

The Arabs want the bank.
Shorters Doomed to failure.
Next price target 250 pence.

[madoff with cash] 20/4/2009 20:46

barc is going below 100p in another round of sell-off. sell, boys,sell before it's too late.

[madoff with cash] 20/4/2009 20:41

sandy chen is right afer all.

[montyhedge] 20/4/2009 20:26

knowing
The abritrage boys can buy in US at 193p, sell uk first thing in the morning, hedge their bets, Barc will go below 200p tomorrow, unless something happens first thing uk some good news. Dout it very much.

[knowing] 20/4/2009 20:23

So the ADRs determine the main stock price do they Monty? UT was at 209 so it's not going to open sub 2 unless it gets hammered in the opening auction.Stop scaremongering !!

[montyhedge] 20/4/2009 20:23

felix
What address shall a send the food parcel to, how much you loss in Barc not to little I hope.

[montyhedge] 20/4/2009 20:20

193p close adr's, so below 200p tomorrow chaps.

[montyhedge] 20/4/2009 20:19

Don't know what you saying felix because your filtered, because your a waste of space.

[felixakulw] 20/4/2009 20:18

Monty

I notice you are not denying any of the details I post

ho ho ho ho ho

[felixakulw] 20/4/2009 20:17

ha ha ha ha ha ha

ho ho ho ho ho

rgds
felix