Mallett Share Discussion Threads

[atlantic57] 17/6/2020 08:09

Socratese has always been good at predicting general trends.

However i remain sceptical of The claims that it is able to look ahead and predict accurately what will happen before it happens.

What i note in the markets that i follow eg gold rdsb oil dow is that dates keep changing and like Larry edelson the dates keep getting pushed forwards.

For myself i have missed on the rallies expecting the big crash.
i will wait till july if no correction has occurred i will reconsider.

Clearly the next big event is us elections.

[atlantic57] 16/6/2020 08:47

Many business will collapse when furlough is removed so the banks sill start showing the impairment losses in early 2021.

[11_percent] 16/6/2020 08:28

Yes.....its a shambles....but there is still a general trust in banks, etc.

Its when we get a few banks failing, or needing bailed out that people will get concerned and panic.

Then we should see gold fly.

[atlantic57] 16/6/2020 08:16

11 I think Socratese will struggle to predict a collapse in the markets as fed intervention keeps muddying the waters.

The loss of confidence in government is here.

From here on in it will rapidly develop momentum in my opinion.

More and more of the population are seeing through let’s set up a committee to talk about x and then forget about it.

Also in the final quarter of the calendar year 2020 the destruction wrought through lockdown will be readily apparent .The handling of the pandemic in the U.K. has been shambolic and again this will not inspire people to trust government.

[11_percent] 16/6/2020 07:52

I think this blog relates to your question. Markets (shares/equities) will rise as people start to realise that Govs are bust and will default on the bond interest payments.

[atlantic57] 15/6/2020 18:49

The central bank plans to buy on the secondary market individual bonds that have remaining maturities of five years or less. Issuers must have been rated BBB- or Baa3 as of March 22 when the Fed first announced corporate credit facilities.


Can the fed get markets to defy gravity.

[11_percent] 14/6/2020 22:10

US markets have gaped down.....is this just a start.....lets see.

[georgethefourth] 13/6/2020 10:51

Cheers 11. I wasn't aware of PUR before and like the sound of it. I'll do a bit more reading over the next few weeks. All of those stocks (bar one) are all showing negative divergences so Im still hopeful of another drop to load up

Atlantic - next week will be very interesting. His latest post shows a graph and we appear to have dropped to just below resistance on it. If we continue the fall, as I think will happen, I reckon gold and silver will come down with them

[atlantic57] 13/6/2020 08:48

Socratese seems reluctant to update us on Gold.

He seems to have been saying for some time that gold would hit a high in the second quarter of 2020.He also seems to saying a temporary plunge is coming.

Although Gold zealots are forever telling us that price is about to rocket Socratese
Seems to be saying it is still some way off .

[11_percent] 12/6/2020 22:11

g4,

I am in 2 miners.

PUR
Listed on Toronto and London.
Mine is in Canada, so safe. Will produce gold by year end.
Has some good corner stone investors which attracted me. Includes Eric Sprott. Also, he has just bought about an other 10 million "charity" shares (tax doge) at 89p. Current share price is 80p.

Have a look at the various gold prices the financials were done, all under current price.

It is an old mine which they have brought back.

The up-side, which is not in the price, is the resource which lies around the mine, and is being proved up by 30,000 m of drilling.

The management are all experienced and have worked in the Red Lake Camp before. They are part of a team that goes around developing mines, a lot of which, get taken over.

Tier 1 mine, in a Tier 1 country.

Its had a good run, but still off theradar and undervalued.

HGM
Own several mines in Russia.
Pays a good divi.
One of the owners is Abramavich.


Also HOC for silver.
Follows the silver price.


Am looking POG.
It has good technology, POX I think.
As well as mining gold, it takes tailing from other mines and processes them.
Am looking at it this weekend.

A lot of the guys on Wans thread are in it.


Also having a loom#k at PXC.
I’m talking here of PXC, a copper/gold/silver/lead miner with significant resources in Idaho, USA. I’m not going to try to convince you, but do suggest you go look yourselves at the ample data they’ve published, and make up your own minds.
Someone called out a good chart on PXC earlier today ,,, it's on the move now.
Good call.
A string of long awaited drilling results due from mid June so could start from next week


Also have some CMAL.
Copper miner. Used to pay a divi of 10%, but was cancelled.
It s play on the copper price which is cyclical.....price coming off the lows.
The share price is lagging the share price
Also use a 3x copper ETF.

[atlantic57] 12/6/2020 16:32

Yes you click on Socrates then the markets
Then metals then gold futures

[georgethefourth] 12/6/2020 16:04

Daily report? Do you mean on the Socrates page or somewhere else?

[atlantic57] 12/6/2020 15:01

i wish he would do an update on gold.

His daily report today suggests that the low for gold could be in.

On the other hand as we have seen with bad days in the dow miners always gets tanked.

[georgethefourth] 12/6/2020 12:01

11percent - which miners are you in if you don't mind me asking? I'm thinking along similar lines and will look to weight most of the portfolio to miners in the coming months

Agree re the Dow. I wouldn't be surprised if we tanked again this afternoon. If you look at the weekly candlestick charts for many of the indeces, they're showing the potential for an outside reversal candle if we close at yesterday's lows (or lower). That would imply follow through..

[11_percent] 12/6/2020 11:56

I am mainly PMs (gold and silver)……;..and will just add on the dips.


The DOW looking like it will roll over.

[atlantic57] 12/6/2020 10:04

It is good to have real world discussions. I do not have the confidence to go short.

My current holdings are Nasdaq fund 20%
Oil shares 10%
Gold miners 10%

Cash 60%

When I sense the market has bottomed maybe July time I will reduce cash to 10%

I would favour gold and oil as I anticipated these have good upside potential.

[georgethefourth] 12/6/2020 08:31

I don't really have the balls to go all in. I figure you could be right 99 times, but it only takes being wrong once and you've blown your pot. For me though I am pretty bearish. Only 30% is in stocks now, and my biggest holding in that is the s&p short etf. I am tempted to add but going to see how it plays out.

What about you two? What are your portfolios weightings like?

[atlantic57] 12/6/2020 07:32

have you gone all in 11

[11_percent] 12/6/2020 06:35

Cheers george4.

Its come back a bit.

[georgethefourth] 11/6/2020 22:52

Re what's will happen next, I find that it's sometimes useful to look at it in terms of what will catch the maximum number of people offside. Right now we're around support at the bottom of the channel. If we fall through that tomorrow the Bears will hold their shorts, and people on the sidelines will go short = pretty orderly and not many getting whipped out. But, if we bounce from here until 1800gmt say, a lot of people will "buy the dip" and go long, thinking new all time highs are coming. At which point we start to sell off again and close tomorrow at around the same level as today. And then continue the drop on Monday. That's the way I'm looking to play it. We'll see in a few hours :)

[11_percent] 11/6/2020 22:24

Yes....will it keep going.

[atlantic57] 11/6/2020 21:33

Yes agreed to all your comments.

What next do we expect a bounce tomorrow or a continued plunge .

I wonder if the fed will intervene with a new initiative.