In the interest of disclosure I'll say the company I work for would have an interest in selling ETFs, but I'm commenting here on my own behalf and not for them. But just so you know.Just for balance and I can say I'm independent on this matter, I do not agree with the commercially motivated argument that an ETF like Lyxor is somehow inferior to certs with the Perth Mint.
I've put in sell orders on all my energy related shares, mining related shares and gold related shares (held in separate funds). Really wish I hadn't waited until January to do so. Just holding onto physical gold and cash.
Perhaps too hasty but the breakdown in copper and further weakness in oil doesn't portend well for the short to medium term.
Will be looking to add to physical gold and silver holdings if they really start to slide.
I think you are very foolish to try and be short termist in these markets. You either have to decide whether you buy into the commodities story or not. the long term supply and demand situation is still the same, there is not enough long term supply to meet long term demand.
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I think you are very foolish to try and be short termist in these markets. You either have to decide whether you buy into the commodities story or not. If you sell on weaknesses in the market then you will lose money, you are better off staying out of the market altogether. The markets are simply way over optimistic on oil prices right now. I was surprised that no account was taken of russia's row with belarus and the UNs decision to impose sanctions on Iran and Saudi Arabias decision to cut production. If this happened in June when oil prices were at their height it would have driven oil to over $85 a barrell. Markets go from pessimism to optimism to pessimism but the long term supply and demand situation is still the same, there is not enough long term supply to meet long term demand. Oil prices are political now and the oil producing countries can easily orchestrate a political event to drive prices back up again
Room 305 you mention lower price of semi numismatics. where do you buy small quantities and any guide to prices?
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