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Thanks Chopsing, looks like the ceiling of $31,700 just collapsed. Nice.
I lost the lot a few years ago, not only on Bitcoin but it took a fair chunk. Respect to those who are making a small bit back now. And more respect to those who've walked away. Life's a bit**
Onwards and upwards Argonauts. Who knows where we'll be in 24 hours.
Could anyone tell me what the current high point is for Bitcoin to break? Something like $31,500?
And everyone watch out for the Fed Reserve meeting on the 25th July. Tends to send everything down when an interest rate rise is expected.
I've placed a fill or kill purchase order for the morning, first time in several years.
It would be brill if things are truly moving fast at last, but if not I'm glad of the excitement after a long stretch of Zzzzzz.
Seems strange to think of banks borrowing naphthman, I'm very naive, but of course they do, and get into trouble .
I agree with 'toxic' and 'boot', normbeef. Got to think of the ordinary people looking at food prices with horror. I feel lucky to be able to pick a company and have a bit of spare to put on it.
Pretty grim reading this morning that a few more interest rate rises are expected in the US this year: it puts a drag on nearly everything (except banking). Even so, UFO is in the blue, suggesting maybe iron ore will buck the depressed trend this year.
You make a good point which I hadn't thought of near the end of your post HH, that sensible traders don't collect the height of a spike: they happily collect profit on the way up. So catching the top point (around 3p for UFO in 2020) is a matter of luck, not skill. The other hard lesson I've learnt is that there's no need to take profit all at once: a slice here and there gives you money to spend but also the satisfaction of being connected to a growing company.
I was going to point out to 1 poster Nicubias that it's normal for top dogs to do as they please (governments in particular), but I like the facts in Max's reply so much better.
You're always right on it Max. This board is lucky to have you.
Go UFO.
Livestock, I quit UFO in 2020 in a huff because I failed to collect the spike. I've moved around investing in this small company and that, wasting time and money, and I haven't seen anything as promising as this company. That's why I'm back.
I'm gonna get to my day job rather than continue a slanging match. But we're all after the same thing here, all on the same side.
Last year's annual report was 16th June. It makes sense that this year's report is being held off until some progress with Hanc0ck can be posted with it. And why not? UFO hasn't dug anything up yet, so there won't be good news about profit: but progress towards iron ore shipping is a step towards profit and that's what I want to hear.
Let's give the management time to show us something worth seeing.
Thanks for keeping an eye on the things that matter Markie. The Financial Services bill is a step in the right direction if it can get through the House of Lords today. Enough steps and GST will be playing with the big boys.
Doesn't makes sense to compare Alien Metals and Fortescue, livestock, obviously they get where they're going at different paces due to their different sizes.
The increase in iron ore production in Australia is the best bit of news for UFO that has come out recently.