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Accipiter, No Basel was not factored in..but I would imagine, timing of the relative events will be key to whether or not the expected low is achieved....timing will be the final arbitrator!
GLA
Nav. Did you factor Basel into your analysis and if so what bearing does it have?
I agree that the fundamental backdrop for a secular gold bull market are in place.
However, a potential major setback could be on the cards according to Marin Katusa of the Katusa Research Organisation. He illustrated a very strong correlation between the Gold price verses the real return on US 10 Year bonds, which suggests price decline ahead.
For what it is worth, using technical analysis I have a price range target of $1595-1520, which was not met the last low 1673 on 8 Mar 21. Also, I don't think we have seen a major doom and gloom sentiment since the 08/2020 top, invariably such a sentiment appears at the low after a major decline from a top. It is just the way crowd psychology works in markets!
The above is merely for my amusement and not in any shape investment advice, please DYOR!
GLA
High not Hi (-:
I just don’t see gold going below $1750, it’s coiled to go higher this year, Hi inflation, Basel 3 implementation, Covid all lead to higher prices, what’s your thinking on it going that low Navigator? Be interested in your thoughts
Lee,
I agree with your view on PI selling-buying balance and your longer-term outlook.
IMHO the gold chart is still looking bearish, I still see a major bottoming out in the gold near the $1550 area.
A slide towards that projection will shift PI sentiment to bearish and result in temporary slide in the SP.
Should that happen it will be a MAJOR buying OPPORTUNITY, and I will be adding to my holding!
Please note the above is simply crystal ball gazing on my part and not in any way investment advice.
GLA
The Naviagtor
The biggest change of recently is that we have a share price that is moving by PI buying and selling, there has been no institutional selling that has dragged us down in the past, so 2p has become a comfortable platform that gets bought on any weakness, and available shares are tiny, try buying 2 million now, 2.5p offered by IG, why? Because most shares have now hit long term holder hands, many here have 5 million plus, and hundreds of investors hold a million plus, the company has transformed, that’s apparent, so relax and watch us develop, it’s not weeks that count, it’s months and years, if we have that in mind and treat MTL as an investment, not a get rich tomorrow, then you will find harmony and be happy holding, like the majority here.
Spag are you still here blowing hot and cold? Don’t worry wee lad. Q2 report within a few weeks, and away we go
Accipiter - Definately stupid as posts regarding alleged holdings are contradictory.
Bunker - Probably isn't even a shareholder as fantasy holdings of 30,000, 50,000 and 60,000 shares have been posted for a total investment of £300. I've called out the discrepancies a few times and Spaghettihoops avoids answering them or posts more lies about shareholdings.
Spag. perhaps a Filipino gold mine is not suited to your investment style , try Tesco or boring old MKS
CC. The troll is either very stupid or very clever in trying to push the sp down in order to buy more. I know which I think. Just ignore. With luck it will disappear.
Spaghettihoops - MTL SP is up 300% the end of 2018. 300% up in 2 and a half years. Why are you saying that the share price is poor?
I repeat from my earlier post, "You have repeatedly stated that you have invested £300 and that you have 60,000 shares. Now you are stating that you bought high and are not in profit. Which statement is the truth and which statement is the lie? I doubt that you will answer that."
I was right that you wouldn't answer that. Will you answer it now?
Just about hold 2p it’s a mess gold is unstable the share price is poor and the waffles continue I’d say the metals had lot it metal some say oh it’s a quarter wait four in a year and then next year and the next flog it take it private watch this spaceman
Not that stable a price today Roy.
A sudden urge of the greedy eyed monster saw me purchase a further 101k plus @1.96 and a bit with 4 minutes to go.
I'm still confident in Darren and company
Hello All,
I , for one, believe this is a good support level.
If you believe the sells were sells I think not.
We are waiting for a catalyst which will propel us like rocket fuel into the next round of serious movement.
The board is quiet, no wonder - Covid, gold & summer holidays.
Good luck Jim, to think I actually had 12,000,000 at one time - but not a problem as I always do the calculations and am actually in profit from getting more baskets to spread the risk.
For me MTL has taken a bit of a back seat for the moment but that is the way all good investments - leave to mature.
Roy