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Wattie

Wattie

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Rockits, you’ll already be all over this.

If any Australians are following this thread the Aud$ is going to collapse in the following few months. It’s been screwed for years but few realise.

73708
Victoria now effectively shutdown totally for 6 weeks, Sydney in danger of following suit and doing the same. Massive components of Oz GDP are about to evaporate as businesses shutter for good.
Queensland announces the border is to close again-60% of Gold Coast businesses don’t think they’ll survive the year- what? we’ve barely experienced covid here!!!!
Politicians are destroying the Oz economy without any thought of the consequences......for around a death a day (most of whom are elderly).

73709

Expect job seeker (their won’t be any jobs) and job keeper (there will be few employers left to keep jobs with!) to be extended and vast amounts of stimulus (bailout of mortgages, car/personal loans- it’s clear that Australians are in debt up to their eyeballs and this will not be allowed to fail) to be forthcoming.
In 6 weeks even if they have miraculously reduced cases to zero, what they gonna do?
Re-open the borders and let it in again.
Clueless politicians destroying everything are about to cause even more problems than any virus could deliver and the AUD$ will bare witness.
 
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GTVGEOFF

GTVGEOFF

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386
Wattie
Sorry to hear about your health problems especially at the moment, take care and best wishes.
Regards Geoff
 
Wattie

Wattie

Member
Messages
8,640
GTVGEOFF said:
Wattie
Sorry to hear about your health problems especially at the moment, take care and best wishes.
Regards Geoff
Click to expand...
Thank you.
Thankfully I feel fine, excepting a sore left hip, so i’m confident I can get through the other malaise and be around to torment this forum for a lot longer!
 
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Wattie

Wattie

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8,640
Us 167k jobs created
1million expected.......terrible eh.
Nope.
Result- market up!
why?

Bad news is good.....It means even more money is needed from thin air to support the Ponzi scheme, this will feed into stocks

Watch the FED create it, as needed,
to support the banana republic US.
 
Sam McGoo

Sam McGoo

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1,758
So.... Pension options time again...
After covid kicked off and seeing my pension (Scottish widow) shrinking I moved 50% of it to a 'cash' option to hedge my bets and have a bit of stability. (thanks for the advice Wattie) At the time it was the safest option and it stayed static while the other 50% continued to drop.
Looking at it again now, the invested half has picked up again and heading back to sometlwhere close to where it started.

So do I keepnit 50/50 for safety, or is now the time to reinvest the cash part either back to the original investment or possibly gold mining?
The only option in my pension for anything gold related is attached. BLACKROCK
It has obviously performed well in the last few months, so have I missed the boat again or would it still be a good move?

Any advise please.
 

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Wattie

Wattie

Member
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8,640
I
Sam McGoo said:
So.... Pension options time again...
After covid kicked off and seeing my pension (Scottish widow) shrinking I moved 50% of it to a 'cash' option to hedge my bets and have a bit of stability. (thanks for the advice Wattie) At the time it was the safest option and it stayed static while the other 50% continued to drop.
Looking at it again now, the invested half has picked up again and heading back to sometlwhere close to where it started.

So do I keepnit 50/50 for safety, or is now the time to reinvest the cash part either back to the original investment or possibly gold mining?
The only option in my pension for anything gold related is attached. BLACKROCK
It has obviously performed well in the last few months, so have I missed the boat again or would it still be a good move?

Any advise please.
Click to expand...
I don’t think you’ve missed the boat at all with the Miners. Money debasement is here to stay along unfortunately with Covid and gold/silver should continue to rise as a result.
Another positive sign for the sector rising further is that Robinhood investors are now beginning to take note.73742

Here’s a strategy to follow.
Divide your cash sum by 6 and invest the amount into the Blacktock fund each month for the next 6 months. This will average the price that you buy in at.

Sam, I’ve a huge fondness for Scottish Widows (not women who have lost their hubbies before someone says something) as I started my career there, 10 excellent years, but have to say that their pension fund choices are pants.
Are you in a position where you could consider a Sipp as an option. Far more sophisticated regards investment choices, with far better growth potential.
 
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Sam McGoo

Sam McGoo

Member
Messages
1,758
Wattie said:
I

I don’t think you’ve missed the boat at all with the Miners. Money debasement is here to stay along unfortunately with Covid and gold/silver should continue to rise as a result.
Another positive sign for the sector rising further is that Robinhood investors are now beginning to take note.View attachment 73742

Here’s a strategy to follow.
Divide your cash sum by 6 and invest the amount into the Blacktock fund each month for the next 6 months. This will average the price that you buy in at.

Sam, I’ve a huge fondness for Scottish Widows (not women who have lost their hubbies before someone says something) as I started my career there, 10 excellent years, but have to say that their pension fund choices are pants.
Are you in a position where you could consider a Sipp as an option. Far more sophisticated regards investment choices, with far better growth potential.
Click to expand...

Thanks for the reply Wattie. Unfortunately the Scottish widows is company pension so will have to remain for now. They put in a good chunk for me, so wouldn't be worth moving at the minute. If, in the future I have some spare income, I may look into a sipp.

You suggest dripping it from cash into blackrock to average out the buy in price, are you thinking that it has some short term pulling back to do then?
 
Wattie

Wattie

Member
Messages
8,640
Sam McGoo said:
Thanks for the reply Wattie. Unfortunately the Scottish widows is company pension so will have to remain for now. They put in a good chunk for me, so wouldn't be worth moving at the minute. If, in the future I have some spare income, I may look into a sipp.

You suggest dripping it from cash into blackrock to average out the buy in price, are you thinking that it has some short term pulling back to do then?
Click to expand...
Yeah don’t move from an employers scheme.
Yes averaging is the strategy.
Honestly Sam, who knows what will happen. Markets are massively overvalued and are manipulated by money printing. They shouldn’t be anywhere near the values they’re at now-based on fundamentals, but given even more US stimulus talk, could go higher.
If you average and they tank, you could invest any balance as a lump at that dropping point. If they keep going up and you’re averaging in you’ll still do ok.
Seems the best route to me.
 
Wattie

Wattie

Member
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8,640
Contigo said:
Silver!!! $30 by end of week is poss on futures.. Gold next big target $2500. Then run on Silver to $50.
Click to expand...
Yup, Silver has the potential to go multiples higher. Arguably the most undervalued commodity on the planet. silver has rallied by 141% since Feb, outperforming gold’s gain of 41%.
73760
Popcorn time.

Spot Silver Surges Above $28, Still Historically Undervalued To Gold | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
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Sam McGoo

Sam McGoo

Member
Messages
1,758
Wattie said:
Yeah don’t move from an employers scheme.
Yes averaging is the strategy.
Honestly Sam, who knows what will happen. Markets are massively overvalued and are manipulated by money printing. They shouldn’t be anywhere near the values they’re at now-based on fundamentals, but given even more US stimulus talk, could go higher.
If you average and they tank, you could invest any balance as a lump at that dropping point. If they keep going up and you’re averaging in you’ll still do ok.
Seems the best route to me.
Click to expand...

Thanks again Wattie
 
Wattie

Wattie

Member
Messages
8,640
@Froddy, What’s the odds on some job shenanigans tonight?
Trumps promised a big number- 30millionplus unemployed is pretty big but he won’t wanna highlight that.
Will A good number be bad.......ie the recovery is on track so let’s stop printing......
Good news isn’t what the market wants.
 
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Froddy

Froddy

Member
Messages
1,072
Wattie said:
@Froddy, What’s the odds on some job shenanigans tonight?
Trumps promised a big number- 30millionplus unemployed is pretty big but he won’t wanna highlight that.
Will A good number be bad.......ie the recovery is on track so let’s stop printing......
Good news isn’t what the market wants.
Click to expand...
The markets are at a technical inflection point, in several respects.

First, the dollar index (DXY) is sitting at the very bottom of this broadening formation (weekly chart). Is it due a bounce? A strengthening dollar could harm stocks:

Secondly, the S&P has just closed the last gap which it needed to close on its way back up:

Thirdly, we have a Fibonacci timing decision cluster in the S&P (today or Monday):

Fourthly, the put:call ratio remains a huge red flag - the market is too long:

As an aside, Amazon is arguably in distribution mode (the final phase of an uptrend). And Bezos has just sold $3bn of his shares - he'll have the very best financial advice - do they think it's time for a correction or is he simply taking profits? It's important to realise that AMZN is a heavily weighted stock within the indices - the big names dictate market direction:

So it's going to be interesting to see what happens at 13.30 today: if in doubt, buy buy buy - what could possibly go wrong??!
 
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