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I believe them over you.
Because it says in the article you numpty, learn to read.
"Spot gold is set to post its biggest one-day crash since 2013 as investors dump the precious metal for risk assets"
Love how the de-rampers are now suddenly saying the market is irrational, yet for the last 1-2 months it was the case that "the market clearly doesn't agree with you" etc.
Investors are locking in their profits from gold and tech stocks and are now investing in more risk. A lot of money that flowed out is now flowing back in. The SP matters the most to me, although imo Cineworld is undervalued for what it is, the 2nd largest Cinema chain in the world. It's why some people think it's ripe for a takeover.
https://markets.businessinsider.com/amp/news/gold-prices-fall-most-years-risk-appetites-improve-stocks-gain-2020-8-1029493228
@ shorterGuy - well if the sp reaches 58-60 plus tmrw do you agree not to post any further comments throughout August at least?
I don't often make predictions, its you who feels the need to be wrong every single day.
Fair point HateMM, I personally don't believe there is the political will for 2nd national lockdowns and because the first wave was never truly besten i view infection spikes as just that. How much of a impact localized lockdowns to tackle infection spikes will be on the SP we will have to see, it is an unknown if it ever materializes but it won't just impact Cinemas but other industries too. It's in the governments interest to walk that line to try and keep the economy running.
Yours is speculative and completely unfounded, mine is rooted in evidence and has a coherent narrative. Even a blind man can see where this is going so maybe you should close up shop before you lose your shirt.
Moola. ..I agree. Sentiment has changed in my view, you have to be agile and change gear to keep up. Cine is in a buy rise right now and with August cinema releases getting near I see the uptrend to continue. Only brake would be 2nd wave lockdown....which is why tmrw I stick on a trailing stop loss...
Based on the gains of the past two days, the volumes we've seen traded, the fact that tech money is moving into cyclical stocks like I've posted about previously and that sentiment has shifted. This was vastly oversold and so a rise to 58p or 60p isnt unrealistic, if anything based on what we saw today some might consider it modest.
@shorterguy
I’m new here.. I’m new to investing and even I can see you haven’t got a clue!
Get mummy to tuck you in bed.. it’s getting late.
I'm not doing anything apart from investing and posting the odd article. I'm bullish and optomistic but I'm not spammy i just post what I see. So if you ask will i stop investing then no of course not, that would be stupid and doesn't match what I'm asking of you. I'm asking you to stop posting stupid unsubstantiated predictions that have no basis in reality.
I'm saying 58p - 60p
40p. Let's see.