| fuller108 |
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Member, TeleChart
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| Registered User |
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| Unsure |
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| Monday, November 14, 2005 |
| Friday, May 19, 2006 4:08:17 PM |
7
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Thanks for your responses.
John
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Not behaving too well so far... unless you posted it as a short, Bigblock..??!
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If you look at a chart of the price of silver [$SILVER - continuous contract at the Stockcharts website] this company is following more or less the same channel.
I think the immediate future of Wheaton will be influenced by the silver price.
It normally follows the gold price [which I think is set for a plunge]... but there is an unusual discrepancy between the gold and silver derivatives at the moment. There is a chance silver will not follow gold.....
I'm no expert, but thought it would be of use to point out these relationships.
John
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More or less verbatum comments have been found on another market website [Market Millionaires] by someone with username 'cash-maker', thereby confirming my suspicions that this poster could be publicizing certain stocks [eg CHB, HLTH stc] which he is investing in with the aim to sell on profit generated from forum followers putting money into these stocks.
I don't mind risking being struck off for posting this [I could not find a discrete way to send this to a moderator] if it is considered unfair. I was interested in following up some of these companies, but started to suspect something - his eloquent and informed posts did not ring true to me as the innocent sharing of market perceptions which one would expect on this forum.
I googled "Champian Home Builders' and 'forum' and found the above. If I am correct in my suspicions then he [she] will have posts in all the disussion boards [...perhaps even having a broker business as well].
Sorry cashmarket..... I felt the need to protect the novices from something which might appear to be safe and rewarding knowledge.
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........where wise men fear to tread.
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First, let me say that I am not a great authority on all this, I do understand spread betting reasonably well I think, but as yet have not been successful enough to qualify as a useful source of info.
As a trading vehicle there is more leverage.
Just in case you aren't familiar with the workings:
instead of buying $8,500 worth of shares in SBAC, expecting a rise of $2 and realising a profit of $1000 through a broker, on IG Index I can just buy it at say £4 a point [ie I get £4 for each cent the shares increase]. At this leverage a $2 rise would earn me the equivalent of about $1000 also. But I wouldn't have to part with the $8,500 dollars to buy the shares. [If the shares went down, though, I'd have a stop installed which would automatically sell [except there is a risk there of 'slippage' if they are moving fast...]]
The downside is that the open positions only have a certain lifetime, and a small forfeit needs to be paid to have the position 'rolled over'.
[Incidentally there are a lot of shares [incl SBAC] which aren't available to trade on IG !]
The tax break thing is most appealing, but doesn't mean much if a lot of money is NOT being made!
There definitely is options trading on 'IG Index', and I did do one once, but have not tried options through brokers, so I don't know if the rules are the same. [Comparing notes with a friend I suspect they are a little different.]
The spread bet sites' customer care service is free and friendly [at least it is on IG Index]. It is in their interest to get new fodder - so they are used to silly questions, and seem to take them seriously and patiently. Apparently most newbies last average of 6 months [like the Somme...!] so therein lies the proof of the dangers.
When my other computer comes back from the menders I'll be able to access some of the website favourites for tax haven info. I might not be able to post them on this forum though.
I also have a couple of pdf publications I sent away for.
John
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Hi Kavesh
I've been doing futures on IG Index. All profits are tax free to UK residents. [I'm in UK]. It's even capital gains tax free.
It's tax free as it is classed as 'spread betting' and under UK law betting is tax free. [Look up 'spread betting uk' for other sites]
But you're right to be nervous - it can be extremely dangerous if you're not experienced. [I learned the hard way...]. However you can learn the rules [download their pdf booklet] and play around without putting any money onto it, until you feel knowledgeable enough to start with absolute minimum amounts. Don't try to get rich quick - it'll kill you [even if it seems easy and profitable at first].
You can do options on it too, but not having done that I'm not certain they are exactly the same character as the usual kind of options.
I think in order to open an account you need to show that you have adaquate funds behind you [...£30,000??]
Regarding tax havens etc, the UK govt is tightening the loopholes all the time.
If you want to go offshore one thing you need to establish is how reliable the selected place is in honouring your privacy. More and more offshore tax haven banks are violating their sectecy agreements by sharing private information. I understand Brunei is a good place .... for a start they have lots of oil, so they can afford independence from the central banks . Also they are Muslim and therefore I think less likely to be interested in assisting the western banking organisation.
John
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