UK Stockmarket 2009 and beyond

tonygee_3

sabretoothtigger wrote: »

I believe its best to own shares, not bonds or cash.

Short term(since end of APRIL)CASH is KING (also less stress!)but best to start dripping in to FTSE100 bluechips, leave falling knives until a sign markets turning the corner,that includes anything Mediterranean;)

sabretoothtigger

I think the main danger or fear element rests within currency.

Im not a forex guy and really its tied in with politics but for any big fall the influence will come from these markets because the big investors are international.

America and UK are net lenders, we spend all our money not invest it on average. So the big money must be external and is probably watching currency weakness alot I think hence why people get so enthusiastic about gold

Heres an cnbc video from yesterday that mentions it http://www.youtube.com/watch?v=dCcjvrAwpxs


http://www.youtube.com/watch?v=3ZxBsqXLKJc

Simon_Cawkwell wrote:

5 May 2010



I remember reading PetroPavlovsk's accounts perhaps five years ago. Emblazoned across a single page was the large letter legend "1,000,000 ounces by 2009". Well, I always knew Peter Hambro was a salesman/schmoozer (although, as a gold bull, he was clearly on the right horse) but I reckoned that this banner was open to doubt either as a target or as an expression of wisdom. Now we know: it was just salesmanship. Yesterday Petro tanked on rumours that the quarter just gone by has seen a catastrophic drop in production - way below the annual target. Was it the weather (as reported)? Or was it the ore body? I do not know but I still think that PetroPavlovsk warrants (POGW) are a short - now 59p bid.

May 7th
I bought back Petropavlovsk warrants (POGW) at 45p since it was pointed out to me that given that there would be negligible conversion to fully paid shares on or by 9th June the board would be bound to extend the life of the warrant for another year. Whilst I myself doubt that a theoretical value for the warrant with the shares at 1075p exceeds 45p I decided to reflect upon the fact that the market might well go loopy and regard the warrant as a cheap exposure to gold mining majors. It aint logical but it could happen.

POG also has an iron ore division they bought back in the depths when people said the world would go backwards for 3 years because of wall street.
Since steel has been making a general recovery I cant see there needs to be that much fear of a great pog price fall apart from the general deleveraging prospect.

As a russian miner the price already contains alot of fear relativity I think



Has anyone here taken an interest in ABG ? Two gold mines in the FTSE now and bhp, etc

turbobob

I don't like your chart STT, but it could be the way it goes! A big loan package looks to be agreed following the emergency EU meeting - http://preview.bloomberg.com/news/2010-05-08/eu-finance-chiefs-race-to-ready-emergency-fund-before-asian-markets-open.html Will have to see how this pans out, but this is not the end of it.

Could we possibly have an up day tomorrow? S&P E-mini futures opened up 18 points at 1125 - http://uk.quote.com/us/futures/chart.action?s=ES+M0&chartUi.period=V&chartUi.bardensity=LOW&chartUi.studies=EMA%284%2C9%2C18%29%3B&chartUi.bartype=CANDLE&chartUi.size=620x300&chartUi.minutes=15 Euro/dollar jumped up about 1% tonight.

Stavros_3

WOW!!!!!!!!!!, what a start to the week

StevieJ

Stavros wrote: »

WOW!!!!!!!!!!, what a start to the week

Yes, poor old BP, pity they have not been invited to the party.

StevieJ

lvader wrote: »

Sold BP @560, bought Barclays 289, sold again @297. Few!

Not sure if that is lucky or unlucky.

Old_Slaphead

StevieJ wrote: »

Yes, poor old BP, pity they have not been invited to the party.

After a depressing weekend I'll settle for one oil stain on my portfolio this morning

wombat42_2

sabretoothtigger - i invest in Investec Global Gold which includes ABG as a holding:
http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/investec-global-gold-accumulation

it has a nice Palladium ETF holding as well (up 5.23% today at present)

JamesU

StevieJ wrote: »

Not sure if that is lucky or unlucky.

More like gambling?;)

JamesU

StevieJ wrote: »

I think the markets are more concerned with Greece than the composition of the UK govt.

Yes, [STRIKE]I think[/STRIKE] UK politics is just a sideshow compared to the problems with sovereign debt in Europe as a whole.