Credit deflation and the reflation cycle to come (part 3)

[Lightscribe]

3 minutes ago, belfastchild said:

A small glimpse into the meme stock holders world!

Good luck to anyone trying to get a quote on HL. No benefiting from spreads and arbitrage going on at all, nosiree.

[wherebee]

2 minutes ago, M S E Refugee said:

It's a very good idea, I'm going to keep some cash handy just in case.

I sent the wife out on friday and today to get a stack of cash.

Second time, the banks asked why.  I had prepared her with the answer:

"Because there might be bank runs because of the russian thing and if you collapse we want our money at home".

Apparently the teller said 'Yes, we've heard that a lot".

[BadAlchemy]

Look at Gazprom! $1.40. Thought I did well at $6.84 

Just a bit of small change I threw at it. No more for me. I'll let it ride and might see it again the other side of the tunnel... or not at all. 

[Siggy]

4 minutes ago, Lightscribe said:

Good luck to anyone trying to get a quote on HL. No benefiting from spreads and arbitrage going on at all, nosiree.

HL, won't quote me at all on Poly. Oh well,  probably for the best,  I suspect.

[ThoughtCriminal]

Holy shit 

[planit]

11 minutes ago, Siggy said:

HL, won't quote me at all on Poly. Oh well,  probably for the best,  I suspect.

I bought some at 451 in ii. Currently at 408. Not sure whether to sell more TGA to double down.

FXPO is up today.

Does anyone know of reasons why POLY should be hammered today but not FXPO? Perhaps there are specific threats against POLY. 

Edit:

The FXPO strength seems to be the RNS stating FXPO has managed to dispatch some iron pellets and good communication. I still think the POLY has been very overdone today. 

[Alifelessbinary]

5 minutes ago, ThoughtCriminal said:

Holy shit 

Lucky escape for me as I sold on Friday. I went from being 68% up to 5% down. Very rarely do I sell shares but I was taken about by the scale of the invasion (as were most Western political leaders by the look of it!).

I’m still a strong believer that the Russian commodity companies are sitting on incredible assets, but I can’t invest at the moment as the political risk is way too much for my risk profile.

 

[Democorruptcy]

1 hour ago, geordie_lurch said:

According to hl.co.uk Shell is going up BP hasn't moved

EDIT: WTAF

Even if you don't want to trade on it (for information purposes only), open a spread betting account at IG and you can see how the market has really opened. Add your shares to a watchlist to see their price movements. If you are thinking of buying or selling on HL, check the way the price is changing on the spreads first.

[wherebee]

Just picked up another grands worth of POLY at 405.  I didn't manage to sell at 700ish, so fuckit.  I'll either come out smelling of roses, or the whole lot (5k GBP) will be gone.

If this resolves, 1000 POLY shares could be a nice earner.  If not, well, the other increases will more than cover.

[ThoughtCriminal]

Just now, wherebee said:

Just picked up another grands worth of POLY at 405.  I didn't manage to sell at 700ish, so fuckit.  I'll either come out smelling of roses, or the whole lot (5k GBP) will be gone.

If this resolves, 1000 POLY shares could be a nice earner.  If not, well, the other increases will more than cover.

You are a crazy bastard and I salute you!

 

On a serious note, it's the crazy bastards who come out smelling of roses.

[Siggy]

14 minutes ago, planit said:

I bought some at 451 in ii. Currently at 408. Not sure whether to sell more TGA to double down.

FXPO is up today.

Does anyone know of reasons why POLY should be hammered today but not FXPO? Perhaps there are specific threats against POLY. 

Edit:

The FXPO strength seems to be the RNS stating FXPO has managed to dispatch some iron pellets and good communication. I still think the POLY has been very overdone today. 

Bought 1k at 403 just now,  let's see if it goes to zero!

[HousePriceMania]

I had a buy order set up for Poly at £400 which I cancelled last night. Someone's going to get very rich or very poor.

 

Market Summary > Polymetal International PLC

393.80 GBX−404.60 (50.68%)today

28 Feb, 09:24 GMT • Disclaimer

LON: POLY

 

 

 

 

 

[CVG]

12 minutes ago, Democorruptcy said:

Even if you don't want to trade on it (for information purposes only), open a spread betting account at IG and you can see how the market has really opened. Add your shares to a watchlist to see their price movements. If you are thinking of buying or selling on HL, check the way the price is changing on the spreads first.

Yes.Also uk.investing.com

[CVG]

4 minutes ago, HousePriceMania said:

I had a buy order set up for Poly at £400 which I cancelled last night. Someone's going to get very rich or very poor.

 

Market Summary > Polymetal International PLC

393.80 GBX−404.60 (50.68%)today

28 Feb, 09:24 GMT • Disclaimer

LON: POLY

 

 

 

 

 

Right. That's the last time I put in limit orders. I put one in on Thu at 460 when I thought that was outrageous. I forgot all about it! Investing/trading is stupid as you grow older.

[moneyscam]

15 minutes ago, wherebee said:

Just picked up another grands worth of POLY at 405.  I didn't manage to sell at 700ish, so fuckit.  I'll either come out smelling of roses, or the whole lot (5k GBP) will be gone.

If this resolves, 1000 POLY shares could be a nice earner.  If not, well, the other increases will more than cover.

I didn't want to go into the weekend long POLY so go out @ 771 for a small profit thank fuck. But I am seriously tempted now for a long term hold with a yield approaching 20%.

[Lightscribe]

34 minutes ago, wherebee said:

Just picked up another grands worth of POLY at 405.  I didn't manage to sell at 700ish, so fuckit.  I'll either come out smelling of roses, or the whole lot (5k GBP) will be gone.

If this resolves, 1000 POLY shares could be a nice earner.  If not, well, the other increases will more than cover.

You convinced me to go back in with one small ladder at 368. (This is why I don’t take days off work)

[jamtomorrow]

10 minutes ago, Cattle Prod said:

This also missed the point that it's a zero sum game, when there is no other major supply source. We can all say "We're not going to import stinky Russian oil" and leave a 5-8mbpd (I checked my spreadsheet just now, they are a net exporter of over 8mbpd so a 5mbpd deficit is allowing for 3mbpd spare capacity in Iran and ...somewhere else...Venezuela maybe?) deficit, globally. But your average provincial 4 year term polo doesn't think golbally.

@Cattle Prod do you see anything other than demand destruction left?

Seems like western polity has decided that is now a price worth paying for regime change in Russia. 

[Axeman123]

10 hours ago, Loki said:

Also...

Nothing makes sense... Big losses, gold price goes down, war, gold price goes down, oompah lumpah voted in as us president, gold price goes down, global economic pandemic collapse, gold price goes down. 

Down from ~1200usd/oz in 2018 to ~1900usd/oz today? We are still in a massive bull market IMO.

[Boon]

Anyone know what is happening in the metals?

CAML seems to have done 10% right now. 

[Democorruptcy]

7 minutes ago, moneyscam said:

I didn't want to go into the weekend long POLY so go out @ 771 for a small profit thank fuck. But I am seriously tempted now for a long term hold with a yield approaching 20%.

I bought on Thursday and sold Friday and was again thinking the same as you when it dropped to 4.99 earlier but resisted the temptation. It seems to being priced ike it's going to be nationlised and investors aren't going to get a very good offer. Despite that just bought a few at 3.65 but I might have to put it in a bad bank as a non performing asset!

[Hancock]

10 hours ago, Cattle Prod said:

Means nothing till the US opens tomorrow IMO.

I left the rig when POLY etc were down 30%, now down 50% or more .... if i sell now i'll have lost 7k over the weekend!

Financial illiteracy at its finest.

[23rdian]

2 minutes ago, Hancock said:

I left the rig when POLY etc were down 30%, now down 50% or more .... if i sell now i'll have lost 7k over the weekend!

Financial illiteracy at its finest.

Fuck mate. Down too but the brokers don't help. Freetrade not topping up this morning despite everything I try. I managed to buy back in at 3.90 on ISA but that's probably going to turn to shit too

[Hancock]

1 hour ago, Siggy said:

HL, won't quote me at all on Poly. Oh well,  probably for the best,  I suspect.

Yes today was always going to be the panic day, see how negotiations go in the coming days and weeks. Hope my 7k loss doesn't get larger.

 

 

[Pip321]

11 hours ago, Loki said:

Also...

Nothing makes sense... Big losses, gold price goes down, war, gold price goes down, oompah lumpah voted in as us president, gold price goes down, global economic pandemic collapse, gold price goes down. 

The Dow (up till now) has been like that. 

Invasion, means interest rates won’t go up so the Dow rises

Print money, buy shares, so the Dow rises

Talks taking place between Russians and Ukraine reported, in Belarus, invasion over? Dow goes up. 

Dow went mental on Friday and it seem they feel they are invincible. The dollar roars on despite the debts. 

And gold seemingly being manipulated possibly because it aids the West….but also keeping it low doesn’t expose how weak the FIAT currencies really are, just a whiff of that weakness with inflation.

Never mind….pushing against the tide for many years now and eventually water funds it’s true level. 

[Erewhon888]

11 hours ago, Hancock said:

Browder is the author of “Red Notice: 

Browder's lies about Magnitsky have been exposed repeatedly particularly in hostile deposition taking in the U.S.

There have been several books and films about him, his past and his associations.

Investigative journalist Lucy Komisar keeps a compilation of links.

https://www.thekomisarscoop.com/2021/07/ft-ap-reuters-promote-wm-browders-big-lie-about-magnitsky-hoax/

Quote

all of those media repeated, with no evidence, the lies built around the story that Browder has been peddling for a decade. I repeat the narratives and demolish them. I will send them to the media and to the various “fact-checking” and “truth-telling” organizations set up to counter fake news. I predict all will ignore these inconvenient truths.