Tracking the performance of PM shares

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Re: Tracking the performance of PM shares

Postby Pixel8r » Sat Sep 22, 2012 9:40 am » Safari 6.0 Safari 6.0  Mac OS X Mac OS X  Screen Resolution: 1680 x 1050 1680 x 1050

Not quite sure what is going on loads of the small juniors are making large up moves on virtually no volume.

Here's two of mine from Friday, both on very low volume.

African Queen +25%
Cosigo +17.6%

My guess is the market makers are signalling that the junior market is about to catch on fire again. :D

This will do a load of good to Pinetree capital (TSE:PNP), who haven't moved far yet. Their next NAV release looks like it will show a large jump, as they own a load of these small juniors.
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Re: Tracking the performance of PM shares

Postby Pixel8r » Thu Sep 27, 2012 9:21 am » Safari 6.0.1 Safari 6.0.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

The mining shares have been showing significant strength lately and appear to be leading the bullion again. Here's a chart of the HUI which shows we have cleared the resistance at 480, which should now act as support.

I think this signals that the mining shares are starting on a run again, which is about time. :thumbup:

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Re: Tracking the performance of PM shares

Postby Garincho » Wed Sep 16, 2020 9:52 pm » Google Chrome Mobile 85.0.418 Google Chrome Mobile 85.0.418  Android Android  Screen Resolution: 412 x 869 412 x 869

Asking this for a friend....

If a personal loan is taken out and used to buy shares, any idea if banks track this or wouldn't they care? They don6seem to allow it as a reason for a personal loan, so the reason given would have to be for a car purchase or home improvements.

Obviously I'd never do this :)
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Re: Tracking the performance of PM shares

Postby Pixel8r » Thu Sep 17, 2020 6:15 am » Safari 13.1.2 Safari 13.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Garincho » Wed Sep 16, 2020 9:52 pm wrote:Asking this for a friend....

If a personal loan is taken out and used to buy shares, any idea if banks track this or wouldn't they care? They don6seem to allow it as a reason for a personal loan, so the reason given would have to be for a car purchase or home improvements.

Obviously I'd never do this :)

As far as I know, they don't track what you do with the money after a loan is agreed. They may well be less likely to give another loan afterwards though.
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Re: Tracking the performance of PM shares

Postby Garincho » Thu Sep 17, 2020 10:32 am » Google Chrome Mobile 85.0.418 Google Chrome Mobile 85.0.418  Android Android  Screen Resolution: 412 x 869 412 x 869

It would only be a 1 off and a fairly small loan but by the time I'd saved the money myself, probably summer 2021, I think I'll have missed out on some big moves.
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Re: Tracking the performance of PM shares

Postby Pixel8r » Thu Sep 17, 2020 11:38 am » Safari 13.1.2 Safari 13.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Garincho » Thu Sep 17, 2020 10:32 am wrote:It would only be a 1 off and a fairly small loan but by the time I'd saved the money myself, probably summer 2021, I think I'll have missed out on some big moves.

I don't think it would be an issue. I Used the government Coronavirus Business Interruption Loan (CBIL) to buy some more silver & Silvercorp in March. Very pleased I did so as they both have over doubled since. Just be careful, If things had moved against me I could have covered things.
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Re: Tracking the performance of PM shares

Postby Garincho » Thu Sep 17, 2020 1:56 pm » Google Chrome Mobile 85.0.418 Google Chrome Mobile 85.0.418  Android Android  Screen Resolution: 412 x 869 412 x 869

Wish I'd have thought of the loan in March as that looks to be the low, can't see us going back there, in terms of prices, in this cycle and probably never!

I'll only be taking out 4 figures so won't overstretch myself, but I can only really invest £500-£600 a month so it would take too long to build much up. Rates are good at the minute and I'd only take out a loan with a fixed rate.

Where do you reckon Silvercrest could get to by 2024/5, 10 bagger from the lows?
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Re: Tracking the performance of PM shares

Postby Pixel8r » Thu Sep 17, 2020 2:23 pm » Safari 13.1.2 Safari 13.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Garincho » Thu Sep 17, 2020 1:56 pm wrote:Wish I'd have thought of the loan in March as that looks to be the low, can't see us going back there, in terms of prices, in this cycle and probably never!

I'll only be taking out 4 figures so won't overstretch myself, but I can only really invest £500-£600 a month so it would take too long to build much up. Rates are good at the minute and I'd only take out a loan with a fixed rate.

Where do you reckon Silvercrest could get to by 2024/5, 10 bagger from the lows?

I expect many of the miners to turn at least 10 baggers. I bought a load in 2009 and had 4 turn into 10 baggers or better over the next 2 years. I am kind of expecting some to show bigger gains this time, as we move into the blow-off stage of the bull run. Saying that it is always worth taking some profits on the way, I tend to sell half when they double, to return my capital and hold onto the rest giving a free ride. :dance:
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Re: Tracking the performance of PM shares

Postby Garincho » Fri Sep 18, 2020 7:10 am » Google Chrome Mobile 85.0.418 Google Chrome Mobile 85.0.418  Android Android  Screen Resolution: 412 x 869 412 x 869

[/quote]
I expect many of the miners to turn at least 10 baggers. I bought a load in 2009 and had 4 turn into 10 baggers or better over the next 2 years. I am kind of expecting some to show bigger gains this time, as we move into the blow-off stage of the bull run. Saying that it is always worth taking some profits on the way, I tend to sell half when they double, to return my capital and hold onto the rest giving a free ride. :dance:[/quote]

Hopefully they go nuts this time round and the gains are huge. I got in to late last time but it seems like this is near the beginning of the new bull run.
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Re: Tracking the performance of PM shares

Postby Pixel8r » Fri Sep 18, 2020 8:37 am » Safari 13.1.2 Safari 13.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Garincho » Fri Sep 18, 2020 7:10 am wrote:Hopefully they go nuts this time round and the gains are huge. I got in to late last time but it seems like this is near the beginning of the new bull run.

March was the bottom IMO. The general market has been ignoring miners but they won't be able to when the reporting season starts.
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Re: Tracking the performance of PM shares

Postby Pixel8r » Tue Sep 22, 2020 11:19 am » Safari 13.1.2 Safari 13.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

I see goldmining Inc are sponsoring shows to get their message out a fair bit recently. From what I see they bought a load of uneconimical gold in the gorund for cheap when the gold price was lower. They are hoping that the gold price will rise a lot and they will get majors buying them off them. Too many things to go wrong to interest me. The also are trying to spin off a gold royalty company for when they manage to find someone to buy their potetnial mines.

Be very careful if considering investing in this company. - https://www.goldmining.com

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