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Mr Tribbles, LOL. Mr Troubles more like.
Actually, Mr Tibbles, you haven't been speaking to one of my sisters, have you? Her philosophy is that if you go to your grave with a balance sheet in the black, you're a mug.
Fantastic post...loved it
I went to a Lexus Main Dealership the other day..They stated that the deal would be better if it was a finance deal as opposed to cash...
Cash is not king right now.
The worlds gone mad IMO
Hi Paul,
Good to hear from you again,
Don't get to disillusioned, difficult at times I know , but don't forget one can be whomever they desire to be on here and indeed claim great trading prowess and the success of getting in and out at just the right time!
But hindsight is a great thing, in reality if some were as successful as they claim to be then wouldn't they have been sailing off into the sunset by now, rather than attempting to portray themselves as market guru's on here?
In the end all the chart's and algorithmic trading programmers are as dependable as a chocolate teapot, in fact the best use for the charts would be stuffed down the trousers of some poor old down and out sleeping rough in the doorways of the City, at least that would keep somebody warm!
For those of us that are genuine admit that we have been taken for granted in the past by a lazy complacent manegment team nice and comfy in their Jersey board room and that our trousers were taken down by the past deceptions and professional ineptness of Andrew Pardey and the former Egyptian policeman that due to family nepotism and rather than professional aptitude was appointed general manager of Sukari!
Market experts aside, it is apparent to anyone who is honest enough to admit it that the market's indeed the worlds financials systems now so corrupt and blatantly manipulated to such an extents that that they no longer abide by any regulation, or indeed conform to any what may be cliamed as logical movement or behavior, they are simply and openly manipulated which ever way the Cartel wants them to go!
We are powerless and certainly now any right or wrong decision we might make is down to the sheer luck of the spin of the corrupt casinos wheel or the throw of the weighted dice!
Yes, Tony, that's very likely too. I keep coming back to gold's 'correction' in £ terms from the August high last year. It's a perfect ABC move. Since the bottom, the first leg could be over or this is a 4th wave before the final 5th wave higher and then another 3 waves down - for wave 2 and then a large 3rd wave up.
https://www.bullionbypost.co.uk/gold-price/5-year-gold-price-chart/
The worry is that I think tech stocks could be about to reach escape velocity and go vertically upwards. Once that crashes, does it bring everything else down? At the moment, I'm looking at a 3 waves move upwards for the $US from its recent low, with a corresponding 3 waves down for gold - maybe reaches $1700 after a nice climb up from here?
Having said all that, I've just had to shoo 6 magpies off my damson tree - they were upsetting the blackbirds. I believe it's 6 for gold? (Magpie TV programme from 70s). That may be a better indicator of what gold will do in the near term!
Hi Mr Gnome,
Strange isn't it how attitudes to debt have changed over the years, most likely I’m not the only member on here to have been brought up in the belief it was sensible and right to divest one's self of the yoke of debt, mortgage, HP payments as soon as possible, and to pay off any credit cards debt before any interest was accruing , so as to use the cards to your own advantage rather than paying exorbitant interest rates to the charlatans that own the credit card companies.
I just can't understand how credit card companies can be getting away with charging 19%-37% interest rates and on some reward cards even an annual fee o £25-£45 to their clients when the credit card companies are borrowing our money at 0.5% or less!
Credit card companies are no better than loan sharks, they should be jailed in my opinion, not tolerated, making a reasonable profit is to be expected, however what they practice is legalised extortion and exploitation!
Once upon a time the ambition was to gain freedom of any hold that those that you owed money to held over you, a way to gain your true freedom, to be able to say I am not in debt to anyone!
But now the attitude to ongoing debt is quite different, so many people’s ambition is to be able to proudly flash an ever higher Experian credit rating around on their overpriced and on credit Smartphone!
They fail to see anything wrong with acquiring ever more debt just as long as they keep moving up the overpriced housing ladder by changing from one mortgage to another and by surrounding themselves ever more of the latest tech stuff or poorly made overpriced stuff that they desire rather than actually need!
To keep the car industry going governments encourage the gullible masses to scrap perfectly good cars with years of wear left in them in exchange for poorly built newer models with built in obsolescence by means of what they fail to see are overpriced personal lease or rental schemes at the end of which they own nothing!
The ambition was to be debt free in case there were unexpected interest rate rises, now it seems that is no longer a concern for today’s indebted masses, as they feel secure in belief that governments are unable to raise interest rates for fear of bringing about a financial crisis and their own political downfall!
Future reduction in costs of production at Sukari and the possibility of another takeover bid at these levels, couldn't not. GLA
I do hope that i am wrong, and those suggesting a low at £1are correct.I remember from before i had 97p as a possible.
80p ?,well yes if 97p doesn't hold then yes it's possible.
I thought we had bottomed at 101 ?,but the chart failed after 121p,(i can't see a 5 wave up),which means the move was a corrective one,not an upward one.
That's as far as my interpretation goes.So i'm negative at the mo.A sit and wait as far as i can see.For me and all the Bulls out there i do hope i am wrong,as i am invested further up the line and need a recovery myself.But i have to say what i see,and i am very pessimistic at what i am seeing.We shall see.
Redsparrow
The other possibility is for gold to put in a higher low just above 1762 either today or tomorrow. I suspect heavy Chinese buying of gold on Thursday when a new monthly trading book opens up in Shanghai and we start H2. I could be wrong, but will at least know for sure in a few days.
The price action for the $US doesn't suggest to me that it is about to have a huge rise at the moment, which would make gold sink below the recent lows. We may get a short dip in gold, to $1750 ish perhaps? and then a decent bounce at least to $1820s. Silver isn't suggesting it's about to sink either, so I reckon the spivs are getting ready to load up on miners, for the short term as a minimum. Centamin a buy at £1, maybe? Unemployment figures for the US on Friday could be the catalyst for a rise. A bloodbath phase for mining stocks is being manufactured here, I think.
Basil Fawlty - don't mention the Germans.
Isn't that Dogecoin becoming Tier 1?
Basel 3 looking like Basil Fawlty ,at the moment.
GLA.
I like your analogy Paul ,ha ha a leaf and getting rid of inflation.
Very funny.
Could be a game changer.!!!!!!!
Yes Mr Bond. It is looking like that. Hopefully things will change soon. I read the board and have done for years. I remember "making hay" seeming to trade very well but then missed th rise from aroung the mid 50's all the way up over £2. (Wish Id sold a pile then and kept my nerve to get back at these prices).
Andrew Maguire has been banging on for years and hopefully he will be proved right soon! Kinesis doesnt seem to have made much difference either.
I wish had the money that some on here do to "Top up" every time the share drops and the foresight to sell when i have "made a nice little profit" .
I remember D. Ryan a few months back (who i think did get in and out quickly with a profit) saying then that he expected £1.30 in the short term, from the price then of around £1.10.
And who can forget Sotolo's call last year , around this time of reaching £3 soon??? :-)
Hopefully the current call will be as wrong and we will get the rise.
The amounts of debt are mind blowing and you would think at some point gold will take off? Maybe , a bit like in the Hitchhikers guide to the galaxy , we will adopt the leaf as currency and burn forests to stop inflation? I HOPE NOT!!
So Basel 3 will bring sweeping changes ?
Looks like LBMA are sticking two fingers in the air, whilst blowing a Raspberry.
lol.
Hi Adrian77,
Did you keep the £20k you bought at 106+, where did you put your stop loss ?
Sotolo - Dang I would be annoyed by a drop to 80p, but that does seem extreme in my admittedly limited experience (I appreciate the graph does show that has happened!), I guess we shall have to wait and see!
I switched out of CEY two weeks ago, when I was scrambling for cash to top up on HUM. It's not a move I regret, but looking at CEY now, I think I'm going to have to find the cash to rejoin the party. At anywhere around 100 it's looking too cheap.
Added as well.
Am I correct in thinking that WorldQuant started shorting this when the SP was approximately 100p?
If so they might consider trying to close out soon.
Or is that just wishful thinking?
Worldquant llc increased their short position from 0.49% to 0.55%. This was disclosed on 24th June and is lower than the 0.81% they had in April 2021. No other shorts reported.
I'm a little disappointed tbh at the PoG with global inflation figures pointing up. Basel 3 didn't much either albeit it is early days and so far only applies to Euro banks. Still, CEY has a world class asset in sukari, no debt and growth potential in WA.
Nice try would be, shorter.
82p was good target by the looks.
Probably Quant .
I think the same is true for most gold stocks - my Canadian miners have had a terrible beating in the last couple of days. I don't know if this is a bloodbath phase to shake me out of the miners (no chance) before a rise, or people are selling their miners and putting it into tech stocks, since tech seems to be on the move up again.
Anyway, I need to add some more Centamin at some stage - looking at Fresnillo too.