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So if the “ What the all time chart currently reveals on gold is that the current upwards move is parabolic and it became that way after spot prices passed $2320 per ounce” then why did you say that gold gaps in the charts always get filled and the fallback is “inevitable” and you always stay out first 2 weeks in April as Cey always falls?
The FTSE's top 10
Company
Market value
Sector
1
Shell
£168bn
Oil and gas
2
AstraZeneca
£164bn
Pharmaceuticals
3
HSBC
£122bn
Banking
4
Unilever
£95bn
Consumer goods
5
BP
£80bn
Oil and gas
6
Rio Tinto
£73bn
Mining
7
Diageo
£64bn
Consumer goods
8
GlaxoSmithKline
£60bn
Pharmaceuticals
9
Relx
£59bn
Media
10
Glencore
£58bn
Shell has threatened to quit the London Stock Exchange for New York in what would be the biggest blow to the UK’s struggling stock market to date.
Wael Sawan, chief executive of Shell, said the oil and gas giant was looking at “all options” for its listing amid concerns it was under-appreciated by investors.
He said: “I have a location that clearly seems to be undervalued.”
The comments will spark fears that Shell, which is the largest company on the FTSE 100 with a market value of roughly £180bn, could become the latest to flee the London market.
The index has traditionally been dominated by oil and gas companies, as well as mining and commodity stocks.
But a growing focus on environmental, social and governance (ESG) measures among investors has begun to threaten that status, with major companies starting to defect to the US, which is now the world’s largest oil producer.
Steve
Charts are not all hindsight. Fibonacci levels do give useful data and like it or not RSI and stochastics, MACD and bollinger bands all have a use. What the all time chart currently reveals on gold is that the current upwards move is parabolic and it became that way after spot prices passed $2320 per ounce. Any way Steve you have a successful way of trading and my way is successful for me and other people have their own methods. The key is working a formulae that fits your own strengths and copes with own weakness. All the best Tony
PS It is handy that lots of people have different methods otherwise we would all buy and sell at the same time.
Https://twitter.com/wahidniazi/status/1777193660188348501?t=saV6dqyIThW2llCUMb7dDQ&s=19
Burmese officials fleeing to Thailand today
Mr T,
While I applaud you for keeping up with world events but this forum is not the place to share it. Lets try and keep this space specifically for news and views on our favorite investments, Gold and Centamin.
Thank you
Yes Mr Bond.
China buying gold is also "data".
I push up the links to the US Data as it creates swings directly at points in time that can be traded around- it's a far harder (but agree does impact the medium to long positions) to do this with this "data type".
Geo-political is also a "data type".
All of these has impact at different times- it's complex and depends on your horizons.
One thing is key- events (data) causes change, all the other looking back is just irrelevant noise- of course they can be correct as stocks and assets can only go up or down- but data understanding and watching is the way to improve the odds.
Remember the famous MacMillan quote "Events, dear boy, events"...
Kitco,
Experts,? even more bullish than retail investors despite sharp post payrolls plateau.
IMHO, the real reason being Chinese buying every day.
But a new record price for Gold, means a new record to be hit ,if not now ,in the future.
Obviously you can see the key data drops and times.
Hotter CPI, PPI will cause gold to reduce, and the opposite is also true- tempered with expectation.
Only you can decide.
Data creates charts and movements- charts simply provide a hindsight reason for the change.
Encouraged at the recent sp movement but lets not forget we were back here in January 2023
The price must hold
By Jonathan Head & BBC Burmese
In Bangkok
Nearly seven years after the Myanmar military killed thousands of Muslim Rohingyas, in what the UN called "textbook ethnic cleansing", it wants their help.
From interviews with Rohingyas living in Rakhine State the BBC has learned of at least 100 of them being conscripted in recent weeks to fight for the embattled junta. All their names have been changed to protect them.
"I was frightened, but I had to go," says Mohammed, a 31-year-old Rohingya man with three young children. He lives near the capital of Rakhine, Sittwe, in the Baw Du Pha camp. At least 150,000 internally displaced Rohingyas have been forced to live in IDP camps for the past decade.
In the middle of February the camp leader came to him late at night, Mohammed said, and told him he would have to do military training. "These are army orders," he remembers him saying. "If you refuse they have threatened to harm your family."
https://www.bbc.co.uk/news/world-asia-68730994
Israeli officials and Palestinian representatives refuted the earlier report by Al-Qahera News, which claimed "remarkable progress" in the ongoing ceasefire negotiations between the two parties in Cairo, as reported by local media on Monday.
"We still don't see a deal on the horizon ... The distance [between the sides] is still great and there has been nothing dramatic so far," Israeli news outlet Ynet reported, citing senior Israeli officials.
Hezbollah-affiliated Al-Mayadeen news quotes a senior Palestinian official in Gaza expressing frustration with Israel's "obstinance" and adds that "so far there is no progress."
Baha Breaking News (BBN) / RR
European stock exchanges traded mixed during Monday's premarket hours, kicking off a data and earnings-packed week on a cautious note. Market participants will receive updates on industrial production and trade balance in Germany as well as a report on investors' confidence in the euro area.
Swiss State Secretariat for Economic Affairs reported earlier this morning that the unemployment rate in the country remained at 2.4% on a monthly basis in March.
Frankfurt's DAX was flat. The Euro Stoxx 50 rose 0.22%. The CAC 40 fell 0.16%. London's FTSE 100 was flat. The euro and the pound sterling were flat against the dollar, selling at 1.08338 and 1.26325 respectively at 8:00 am CET.
Baha Breaking News (BBN) / AB
Happy Monday y’al
Gold currently $2334.13
The prices of precious metals rose, with gold reaching a fresh all-time high ahead of this week's release of the United States Consumer Price Index (CPI) and China's CPI and trade data.
Gold grew by 0.80% to go for $2,345.17 per ounce at 11:08 pm ET, after briefly going for a new all-time high price of $2,353.70. Meanwhile, silver added 1.97% at 11:15 pm ET to sell for $27.97 per ounce, and palladium gained 0.21% to go for $990.76 per ounce. Platinum increased by 0.33%, selling for $934.49 per ounce.
Baha Breaking News (BBN) / KA
Discussions regarding a ceasefire and the release of captives detained in the Gaza Strip are supposedly making "remarkable progress," Al-Qahera News reported on Monday, citing a senior Egyptian official.
All the parties involved in the talks reportedly reached a consensus "on many controversial points." The source further revealed to the news agency that the Hamas and Qatari delegations temporarily departed Cairo, and will return in two days to "agree on the terms of the final agreement."
The source cited by the news agency emphasized that the negotiations are witnessing "great progress."
Baha Breaking News (BBN) / KA
Hi Polythene Pam
1. There is a possibility that gold tops out this week. If it does and we see a retreat it is likely to rally again later in the year and could go higher. If you sold some you could be a trader and jump back in, but do not expect it to be at 80p as a price re-entry for centamin as an example. Some of us regard this kind of move as creating free carry profits. (If you bought at 102p and ran the lot you sold again for another run to 120p you would have gained on that stake again.
2. A profit is a profit whenever you book one and trying to get a top and bottom price on any stock is a mugs game.
3. Always have exit strategies for any investment.
4. Always have a watch list for other investments.
5. Company CEOs and CFOs can screw up any company. It is truly amazing the fouls up they can make and they can come out of the blue any time. Hence never have all the investment eggs in one company basket.
Tony
I am glad to be horizontally moble theses days, ;.)
But did fortunately buy a substancial sum of sovereign earlier this year.
My wife also likes gold but she is now like me of an age where it stays in the drawer rather than getting shown off like it did when we were upwardly mobile also when bought it was far more affordable. Especially when I travelled so much and places like Ghana produced unique pieces.
Lol- my partner likes gold and Tiffany jewellery :-(
Steve, Fortunately my kids like silver guess it is the way of the younger generation as gold is difficult for them to afford but I see silver doing as much if not more over the coming year so maybe not a bad shout for early pressies.
GLA definitely a time to keep the faith.
Logically if GP rises this year to 2500 US then CEY will hit 150 without too much trouble ,, excluding a black swan event ,like an all out war, lord forbid, but could easily be made to happen when a certain currency looks seriously under threat.
With GP so high the SP has much further to go, won't be surprised at seeing 150 before summer is out
Well done Pam, you’ve made a nice big profit. You could take it, or risk it for more. Sept 2021, I tried to persuade a friend to sell his crypto. He held and lost all his profit. He still held and is back up. He’s a holder and sadly he may also miss out on a second large profit this time around. You can always buy back Pam. DYO. All the best.
The panic behind physically-driven precious metal rallies and a major update on the BRICS commodity-backed currency that hastens de dollarisation.
https://www.youtube.com/watch?v=kkCpzxtFBYg&t=1s
Hi Everyone,
I was thought I had made a big mistake when I sold some of my existing shares and put two years worth of ISA allowances into Centamin at around the 80p level thinking it seemed a very cheap buy, seems it was, I wonder how high this will go?
I would like a better dividend, although still really pleased!
Pam