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

[CannonFodder]

15 minutes ago, 23rdian said:

What would you buy? If you had the cash?

PMs , PM miners, Industrial miners, oil services, insurers, EM markets

The amount of cheap is just wow

Even the good ones AG and PAAS, pretty much bogof

[Barnsey]

1 hour ago, JMD said:

Similar result for me, plus my M&G looks to be about to do the same chart trajectory. I still want to buy more across the sector but looks too early at present to go deeper into any of them.                                                                                                            And on that note of when to buy, and also in terms of general buying strategies...    I know laddering-down is often mentioned on the thread, but does anyone here ladder-up? I'm thinking the momentum in the market - bear or bull - should crucially instruct which 'directional ladder' method you employ?

For me it's dividend thresholds, and I've got too much beaten up shares on my list to keep focusing on. There will come a point where most things head up to a point where it makes sense to pay down debt instead but we're a long way off yet.

[Barnsey]

10 minutes ago, Talking Monkey said:

That proper made me laugh, mine have been given a good shafting too. It'll all come good though eventually so not to worry. 

Definitely entering a good window of opportunity for commodities on sale, not expecting gains to be parabolic in rapid time again though, more of a steady climb post recession with plenty of bumps.

[Barnsey]

Boris out by tomorrow it seems, Zahawi, Kwasi and Shapps amongst others also asking him to resign tonight. 35 resignations now.

[Talking Monkey]

2 minutes ago, Barnsey said:

Definitely entering a good window of opportunity for commodities on sale, not expecting gains to be parabolic in rapid time again though, more of a steady climb post recession with plenty of bumps.

I bought some kinross, barrick, eldorado today. I reckon too they'll steadily climb in the coming years. 

[ILikeCake]

Rio2 

[Eventually Right]

20 minutes ago, CannonFodder said:

PMs , PM miners, Industrial miners, oil services, insurers, EM markets

The amount of cheap is just wow

Even the good ones AG and PAAS, pretty much bogof

I'm not sure I'd classify AG as 'good' 

Good investor relations department maybe.

[belfastchild]

1 hour ago, ThoughtCriminal said:

Well if it's not the consequences of my actions - Germany 😂

Not sure about other parts of Germany but Augsburg always shut the traffic lights off in the evening. It went to flashing red IIRC bit like the US 4 way stop. Think they turned the lighting off on buildings as well,

[Noallegiance]

I'd like to offer you Chancellor.

I accept. Thanks so much. You should resign.

[DoINeedOne]

I thought i would turn on sky news to see how things are going 

 

Turns Sky News off....

[DoINeedOne]

Actually im still watching it

 

[Lightscribe]

50 minutes ago, CannonFodder said:

PMs , PM miners, Industrial miners, oil services, insurers, EM markets

The amount of cheap is just wow

Even the good ones AG and PAAS, pretty much bogof

I’m pretty much spread individually across the whole GDX I think now. All within 5-10% negative at the mo with im happy with room to spare to ladder down if they go any lower. Only one I’m 20%+ down is Alexco. Just hope if they survive the next 6 months they could then be getting back up to full production in a PM bull market.

[HousePriceMania]

51 minutes ago, ILikeCake said:

Rio2 

They're renaming it Rio0

[Eventually Right]

10 minutes ago, Lightscribe said:

I’m pretty much spread individually across the whole GDX I think now. All within 5-10% negative at the mo with im happy with room to spare to ladder down if they go any lower. Only one I’m 20%+ down is Alexco. Just hope if they survive the next 6 months they could then be getting back up to full production in a PM bull market.

https://www.mining-technology.com/news/hecla-deal-buy-alexco/

[One percent]

4 hours ago, geordie_lurch said:

Seems like the mainstream media are finally catching up with what myself and several others said back earlier this year (and sold stocks in May) i.e.  we have been in a recession for a while and it just needs to be 'officially' confirmed.

"H&T’s pawnbroking pledge book was worth £84m at the end of June, up by 74% on the £48m a year earlier and an increase of almost £20m since the end of December when it stood at £67m. The company said there was “growth across the group’s customer base and in all geographies”.

 

Think it’s been here since 2008.  They have printed money and increased the population massively to disguise it. 

[ThoughtCriminal]

Well they're actually as fucking stupid as I thought.

[Errol]

5 minutes ago, ThoughtCriminal said:

Well they're actually as fucking stupid as I thought.

Such nonsense it almost beggars belief.

[Errol]

Re. the oil cap. As Rabobank explained, it's nonsense and will just lead to total mayhem:

 

The ‘oil cap’ is simple in theory: the G7 will refuse to provide insurance to any vessel that carries Russian oil unless the cargo is sold with an agreed price cap. Yet it won’t work and will just push oil prices higher. Russia will never agree. China and India will never agree either. Russia and China may offer their own underwriting services, which would force the West into physically blocking cargoes and confronting China - as a Russian-oil carrying ship is stopped in the US, says the Wall Street Journal. Plus, the G7 are already not taking Russian oil: they are taking Russian oil from India and China that is being on-sold.

https://www.zerohedge.com/markets/us-g7-discuss-capping-russian-oil-price-40-60-move-which-could-send-oil-soaring-380

[ThoughtCriminal]

Looks like Boris is considering calling an election, which means he's going to salt the earth and set fire to the Tory party.

 

This is going to be glorious if he has the balls to go through with it.

[Calcutta]

Call an election, let Labour take the fall for what's coming. Cunning. I like it. 

[Loki]

13 minutes ago, ThoughtCriminal said:

Well they're actually as fucking stupid as I thought.

If Uncle Dave is right, oil is already rolling over....so they can claim "It worked".???  Not sure 

[Plan-b]

6 minutes ago, Calcutta said:

Call an election, let Labour take the fall for what's coming. Cunning. I like it. 

Nah... 

[Calcutta]

2 minutes ago, Plan-b said:

Nah... 

Cunt's got fall guy written all over him. 

[StrugglingMillennial]

We'll some have said the BOE might try and be just behind the fed with rate rises, it's the "news" but normally they get a leak from somewhere or another so it could happen.

https://www.dailymail.co.uk/news/article-10988121/Bank-England-necessary-tackle-spiralling-inflation.html

I wonder if stagflation could be used as a way to keep demand down whilst increasing the money supply 🤔

[Yadda yadda yadda]

14 minutes ago, ThoughtCriminal said:

Looks like Boris is considering calling an election, which means he's going to salt the earth and set fire to the Tory party.

 

This is going to be glorious if he has the balls to go through with it.

It would be hilarious. Can't see it actually happening. Can he just pop in to see the Queen and call it? The fixed terms parliament act is long gone. "Hi your Maj, things are coming on top down Parliament. We need a new one. Let's have an election." To which the Queen would reply, "You've been a naughty boy. Is this for real or are you lying to me as well? Go for it, I didn't think I'd see another general election."

Proroguing Parliament isn't an option this time. Shame, it is a great word.