UK Stockmarket 2009 and beyond

worldtraveller

IMHO I see a lot more downside to commodities yet. I jumped out in February, before the large Q2 drop. I'm still waiting to get back into First State Global Resources fund for my SIPP & ISA fund, as I prefer a general fund to individual shares. Commodities are still well above where they were during the last recession and I see the current market heading much further that way with the global downturn.

worldtraveller

sabretoothtigger wrote: »

...I thought ultrashort meant it couldnt really be held but the chart for that looks ok, still I think its a day trading tool mostly ie. be greedy

Like all the Proshares funds it's straightforward to trade if you have an account that allows live trading in the U.S. market (I use NatWest Stockbrokers). Yup, the downside for me is that you need to be watching it pretty much constantly during U.S. trading times due to the volatility. You also need to take into account the spreads in the US$ V GBP exchange rates that NatWest use when you buy & sell.

JamesU

sabretoothtigger wrote: »

Going to buy tomorrow, can someone recommend me a good Gold or miners fund for my SIPP ? :think: I closed out my tech fund on the high yesterday luckily so looking to make good at least one transaction this swing down. I have to decide tonight

Could have a look at ETFS AUCP, for largest gold mining companies with revenues from at least 50% gold output. Mainly Canada and Australia. Counterparty risk spread across four big international banks from memory.

For basic miners themselves, my favourite is db-xtracker XSPR. Still approx 25% RIO weighting, checked recently. But think XSPR has significantly further to fall yet.

JamesU

Ark_Welder

sabretoothtigger wrote: »

Going to buy tomorrow, can someone recommend me a good Gold or miners fund for my SIPP ?

Depending upon the type of fund that you mean...equities or raw materials...?

Trustnet: Commodities correction will hamper returns

JamesU

For etf XSPR db-xtracker, weightings as of 12th Sept. Index was down around 9% today.



JamesU

worldtraveller

Footsie just below 5K again.

cloud_dog

sabretoothtigger wrote: »

Going to buy tomorrow, can someone recommend me a good Gold or miners fund for my SIPP ? :think:

Sabre, can't recommend one..... that would be baaaad but..... the OH holds the following in the SIPP:

• Blackrock G&G
• Junior Gold
• Smith & Williamson Global Gold

I chose these as in addition to performance they provided a good mixture of geographic and capitalisation investment size.

sabretoothtigger

I considered miner funds, gold and briefly emerging and infrastructure but I chose Investec Global Gold in the end. Very concentrated on gold and Ive never owned any of the stakes though Ive followed a few.
So its diversified for me, I like Investec style in their funds overall, good history and Im not just buying the fund that just fell most as I often get persuaded to do. Gold has a clear bull trend so that would not be the best reasoning here


Looking at new FTSE low now I cant help but think its bargain pricing. The reason this happens is because people buy on leverage and so they sell for no good reason but the price went down.
Check the company but really if it was good before it should be ok still now, its the same politics and debt situation true for at least a year and will keep being true hence I stick to commodities and otherwise good exporters.

People are going to keep buying oil or food, etc if its not us then a country still growing

Also I like BLT yield, they arent in danger of dropping that imo ? Must be alot of high div stocks not just in finance now but just any sector.
Target for Barc I set a while ago was 120 area, wondering if this will be it

Looking for Gold to hold August starting highs or GLD I think shows April highs as a fair area

JamesU

Yesterday's XSPR, closed around 6070. Dithering around 5800 and 4-5% lower so far today.



JamesU

ses6jwg

Good time to buy defensive stocks like the supermarkets, food producers and retailers, utilities.

As has been said, regardless of what the stock market does the lights need to stay on, water needs to come from the taps and fat chavs need their sausage rolls/ bog roll.