Mallett Share Discussion Threads

[atlantic57] 15/6/2020 19:49

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 23:10

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

[georgethefourth] 13/6/2020 11:51

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 09:48

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 23:11

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 17:32

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

[georgethefourth] 12/6/2020 17:04

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

[atlantic57] 12/6/2020 16:01

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 13:01

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 12:56

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 11:04

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 09:31

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 08:32

have you gone all in 11

[11_percent] 12/6/2020 07:35

Cheers george4.

Its come back a bit.

[georgethefourth] 11/6/2020 23:52

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 23:24

Yes....will it keep going.

[atlantic57] 11/6/2020 22:33

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.

[georgethefourth] 11/6/2020 22:09

Yes it smashed it as well. Strange day of trading. I expected to see a bounce at some point but it just kept dropping in a very orderly channel the entire day.

Its interesting as well that the crash happened immediately after testing the bullish reversal. Tagged that and then practically dropped from there. And dropped to around the level he identified as support - 25220. Very impressive

[11_percent] 11/6/2020 22:00

11/06/20 – The DOW for June 11th
……..pay attention to the DOW for it will be the leader on the way down.
A break of the 26,080 on a closing basis will signal that the correction is starting should we closing below that level.

==============

25,210 at the moment.

So....the correction is on.

[atlantic57] 11/6/2020 10:46

Agreed 11. But gold did not respond in a big way....

[11_percent] 11/6/2020 10:38

"Given the fed have announced no interest rate increase till 2022, the reaction has been very weak."

There is usually a trigger to market moves...…..this time it seems to be the FED talk last night.

[11_percent] 11/6/2020 10:35

10/06/20 – The Lure of Round Numbers

First paragraph – talk on round numbers in the markets.
NDX touched 10,002.5 and backed off to 9,863.


In the past, the DOW tested 1,000 before it four times before it went through it.
Note, that when the NDX made new highs yesterday, the DOW made a new low, and closed 27,272.
Pay attention to both (NDX & DOW) for the DOW may lead the way down.
A closing below 27,230 in the DOW will warn that we can re-test support which lies at the 25,220 level.

===================

Ok, DOW did close under 27,230 level and is tanking this morning.
S&P and NDX also falling.

Could be the long awaited re-test of lows.

I am now short NDX and S&P.

[atlantic57] 11/6/2020 10:32

Given the fed have announced no interest rate increase till 2022, the reaction has been very weak.

On Shell he says there was no bearish reaction implying that the upward trend is intact.
But he also warns of serious decline if certain price levels are breached.

So as is ever the case he seems to be looking in both directions.

[11_percent] 11/6/2020 07:44

On Gold...….this is what I have.

A May close above this 1755 level will point to a June High at a minimum. We still show the 2Q as the high or at least or at least the highest or the highest quarterly close.

===========================

Sat 17th May 20 – Gold and its Role
Gold is facing a Panic Cycle this week which will begin in a period of high volitility into June.
We have closed at the highest weekly settlement so far for this rally.
Technical resistance at 1768 and system resistance at 1799 – 1805 level.
Gold is starting to show that there is a great concern for the survival of the money system.
I have previously warned that a summer high is possible going into May, with a pull back into June/July.
The next high volatility period will be Jan/Feb 2021.
A May close above this 1755 level will point to a June High at a minimum. We still show the 2Q as the high or at least or at least the highest or the highest quarterly close.
Keep in mind we are doing battle with a Socialist Coalition. They will not allow people to turn to gold to defeat their plans. There remains the risk of pushing gold underground and the black market.


Mon 18th May 20 – Panic Cycles
Keep in mind a Panic Cycle is NORMALY something that takes out previous session HIGH and LOW. Some times it can just be a big move in one direction. But this does not seem to be the case for this week. This suggests that caution is advisable.
Avoiding the sell signal on the DOW on Friday, and electing a buy signal for Gold, warned that bounce was in order. Remember that we are not yet at that place where the general shift will take place when people suddenly wake up and see this coronavirus for the nonsense it has been created to divert our attention. This remains a major assault of a coalition of Climate Change and Socialists pushing for digital currencies and a major default in the Sovereign Debt Crisis cleverly being pitched behind the curtain. This is the Monetary Crisis Cycle on steroids.
Today may be “The High” for the bounce in Gold with the Stock Market showing perhaps tomorrow.
If Gold exceeds todays high, then it could move up into Thursday, else Thursday could be a low closing below the lows of today.
=====
First paragraph describes a “Panic”. Likely to go high and low. I assume we are talking about Gold here.
Second paragraph, say we avoided a “sell” signal for DOW - BUT – got a “buy” for Gold.
This warns that the bounce was in order – assume he means the bounce in the DOW over past few weeks.
If Gold exceeds today’s high (1765) – means move up till Thursday.

21/05/20 – Gold/Silver Ratio
The Gold/Silver ration is starting to fall back after it made a high during the first quarter which had the ideal target.
Going forward, it will take some time for the general perception to begin to realize the extent of the damage to the world economy which has been inflicted and orchestrated attempt to reshape the global economy.
The fact the high came in on the ideal Panic Cycle was good, but we still see rising volatility against (again in??) June.
The broader perspective looks positive but this is negative from an economic view point. What will unfold is ………;Gov mismanagement……….capital going from Gov bonds to (Private) shares. . ….The Slingshot.
Then follows 2 paragraphs of……job destrauction…..young….married couples.
The ratio is declining which is good because it is reflecting that gradually people are starting to become aware of what is going on. Ion