The Bull is definatly on GOLD

wombat42_2

free4440273 wrote: »

Check out the miners today, especially Rio. Unbelievable.

Err BILLITON currently down over 3%

[Deleted User]

When a trend starts, it doesnt reverse for a while, look at house prices from 1990 to 1996, after that its recognised as a good investment. Prices go up, it becomes less of an investment. 2003, particularly bad investment as prices have gone up too much, people are blinded by the bull and it continues. 2005, could have crashed, BOE bails people out by printing money and making it cheap. 2007 Inflation, M4 money distribution goes through the roof, price of money forcibly raised. 2007-2015 drop due to market fear, followed by dead housing market until the yields (after costs) become worthwhile again. 2004-2007 Bull investors lose money and find they have to go bankrupt or work hard to pay for their mistakes.

2000 BRIC economys start to take off due to more open markets, 2005-6 commodity demand from an increasingly economically active world population. Commodity prices rise so much so that it is even economically viable to run a tin mine in the UK, oil prices, gold prices hit new highs.

http://news.bbc.co.uk/1/hi/england/cornwall/7074562.stm

2010-12 People the Sun news paper tells everyone to invest in commodity equities and a bubble forms perhaps? LOL

I dont know im not an economist, just following my gut feeling and news really.

wombat42_2

debbie42 wrote: »

You can get some very in depth discussion about particular shares on TMF, and other forums. This forum is very different in "atmosphere" to others, and I pretty much like it as it is. I wouldn't want it to turn into a TMF (or ADVFN!).

Martin isnt too sympathetic to specialist investment analysis on MSE. But i find the other investment forums to be too speciaised and fragmented while this forum gives a general perspective.

[Deleted User]

wombat42 wrote: »

Err BILLITON currently down over 3%

Commonly know as market noise :beer:

Some of my stocks have been down up to 15% in any one day but two weeks later will magically jump after somebody digs a hole and takes a picture of a iron filing of gold lol. :beer:

free4440273

Originally Posted by free4440273
Check out the miners today, especially Rio. Unbelievable.

debbie42 wrote: »

That's the result of a takeover bid.

I know: and I wouldn't mind being 'taken over' if I rose 26 per cent! in value in a day. Madness. Another bubble

[Deleted User]

BTW vedanta who you said are overpriced free are building a power station in india. They mine the coal and now they are planning on burning it too.

More pollution thanks to economic progress lol.

free4440273

^I did not say they were 'over priced': I said the mining shares reminded me somewhat of the tech shares prior to the bursting of the dot com bubble. Perhaps this time 'fundamentals' are carrying the shares higher...but it does seem like a bubble, especially today.

[Deleted User]

A lot of miners pump money into expansion rather then dividends, in this case you cant really value things as Vedantas a start up company and a lot of its money has gone into high zinc, copper, gold, coal, nickel, etc land. This is why analysts value it at 2400 due to its progress and economically viable reserves, obviously if all this turns into producing mines it becomes even more which self perpetuates. You cant argue with ten fold expansion ie 10K of shares in vedanta in 2004 are now worth 100K. Mining is a very profitable right now with demand outstripping supply, all those indian homes want copper pipes! Gold is a common currency in india and is normally saved up for dowrys etc, more money in india = bigger dowrys, more jewelry. Coal is obviously just burnt

BTW I dont hold vedanta, looking at smaller companies that are likely to grow quicker

wombat42_2

Yant1 wrote: »

Commonly know as market noise :beer:

Some of my stocks have been down up to 15% in any one day but two weeks later will magically jump after somebody digs a hole and takes a picture of a iron filing of gold lol. :beer:

BILLITON now 5% down

[Deleted User]

It might be down 5% tomorrow too, and maybe the monaday, teh tuesday and it might drop 3% on the wed. Then it might go up 5% on the thursday.

I fail to see any depth to this its like saying the sky is red at the moment, so what?