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read his articles - plural
"what manner of news caused this drop?" - Jsimbo - see the links I posted, read those interviews with Bob Moriarty.
Moriarty is no idiot. He runs 321.gold.com and I have read his article for nearly twenty years. It is very rare that he is wrong.
Ignore fools and lairs like capdailbrit -all hot air and arrogance.
You say that now capdailbrit. I told of my actions in advance and in advance of the share price moves - proof that I am genuine.
You are a pure B-ull-****ter. I have truth and profits on my side. All you have is arrogance, bluff and insults - you sad person.
Jsimbo- rise in the dollar and indices kicked over-extended PMs
Chumpsky i got out last week but want to get back in again, so can you please de-ramp at will (you seem to have a lot of spare time).
Of course i said 350p, because i wanted to get out at 300p myself, you are not very smart, are you?
You keep talking about flags & candles .... all a bit phallic if you ask me, there are chat boards for that kind of thing you know.
I've been out all day, what manner of news caused this drop?
@JackOsb - You could well be onto something there. Silver falling 14% today looks horrific on paper but in the context of where it has come from, $25/oz is much more than most analysts were expecting 12 months ago. I'll be glad to buy in the 200-250p range in the coming weeks.
Where were you capdailbrit when this was still in the flag pattern?
Go back on here and see my forecasts of the upside breakout from the flag. another of my forecasts that made in advance and turned out to be correct.
Next stop 350p - no-brainer - ha!
You were wrong capdailbrit and you are too arrogant to admit it.
See my posts - my trading was signalled in advance so no bull****. I said on here that I had sold some. The price could have gone up or down, but it went down as I thought it would.
You capdailbrit, on 28th July, told us that the next stop was 350p. I said there was likely to be a dip on the way up.
I reiterate -
Words of wisdom from a very wise old timer.
http://www.321gold.com/editorials/moriarty/moriarty072320.html
Here is the correction in the gold price. It's not often that Moriarty is wrong.
Anyone who says no-brainer has themselves no brains.
Always selling at the top and making lots of money in every share you buy Chumpsky, so you tell us.
You are not just an idiot, you are a sad idiot.
Thing is i'm on the fence. My average buy price is 200 so i can afford these fluctuations. Loads of experts expecting price increase even more for gold and recent news put a price estimate of 360 for HOC. My thinking is that this is a reaction to news of a potential vaccine when in reality we're still 4+ months away from the earliest estimate of a vaccine being distributed. And that still doesn't take into account the huge hit to the economy and the fact that the furlough/retention scheme will be coming to an end soon so a wave of redundancies will be coming with it. If i did cash out to play oil then realistically it'd only be a month or 2 at most before i'd hop back into HOC/CEY.
capdailbrit told us that "holding is a no-brainer." - tell that to people like me who sold at 319p and 311p, and now it's 290p and looks likely to go lower.
Who's the idiot now capdailbrit?
With 7 vaccines in phase 3 testing, I'm thinking of cashing out and buying up oil stocks like PMO and BP or even entertainment based stocks like cinemas etc as things start to open. It'll take a few months for people to realise the extent of the damage done once people get laid off once the government stops paying out retention allowance. My thinking is that there'll be a slow decline in gold during this period before another creep back up as bad news comes out start of November once the scheme ends. What're your thoughts on this?
https://www.theguardian.com/world/ng-interactive/2020/aug/08/covid-vaccine-tracker-when-will-we-have-a-coronavirus-vaccine