Member Info for Burt777

No that was know before it dropped , fix listed on the TSX Steve

All miners got spanked

The point is this was 2.8% down early doors then rose 3% up

Then suddenly in 10 mins down over 3.5% along with other miners plunging

So it’s a case of 2 Markets

It saw the bad news twice

Now it’s more or less trying to half the drop

Gold does not like being under 3300

This will rebound hard in the coming days when brokers put out notes and golds back up 2320-3330 range

It’s had excellent results (better than I thought)

It will see its rise when the volatility calms

Bit of an anomaly situation in that this opened well down with the rest of the miners then people realised results we great ! It went up to 3400

Then lost 6% on the other side of the pond having the same miner reaction

So bit of a gift drop if you saw it as prob move back up to where it started now !!

Sorry to not entertain you whilst you’re bored , I made my view clear and don’t need to repeat myself.

Good luck with your investment i am sure you will do well here over the longer term

But as I say long term I think you’ll be alright here with your investment. Good luck and it’s ok to have an alternate opinion.

Painful drop tomorrow in store , metal prices tanking , Bpat sadly I don’t agree with you , good luck in your investment. Sadly HOC is another one of those banana skin companies.

Avoid until s better risk ratio presents itself

Imagine been a copper stock

Trump truly needs removing from office , 20% down !! Taking silver and gold down but where.

Quite simple if the ftse has a good day tomorrow this will take back its loss’s

Algorithms and other things in play

My bet is it will reverse the fall

You have forgot to favour inflation

And the everything will rise trade in play at the minute

Also the ftse going higher and higher

So much more in play than you think

Half of what you talk about is half the story

It’s a flip of a coin

Or they announce they are debt free (possible) no issues with the violence or security , costs and guidance on track and more buybacks and a higher dividend.

The question is , does the market have that priced ?

Like I say of it’s not at rosey then it will drop

But I am not brave enough to be in any miner over night

Seen far to many tank on something

Https://www.independent.co.uk/news/lagos-nigeria-burkina-faso-islamist-b2798363.html

50 slaughtered and vast areas of the country under attack , it’s very unstable

Luckily EDV are diversified

Been trading these on and off to varied success , results indeed. I never ever stay in a miner when results are due as invariably they can tank on something or drop on good results , so many variables

Also the security situation in berkina faso is worrying. At the min.

But either way I am sure net debt will fall and this has room for a few banana skins like higher costs or rainy season. AVOID till you read results because half the time if they are good you can get in anyway on open.

Dollar on a run higher should be good

I suspect that this will claw back the drop on a strong ftse and strong results , the dividend is to high and defence spending is only going one way

Got to be a screaming buy but sadly no funds spare , I’d of been buying 2% down today never mind when it went lower so it’s a gift that won’t last long

Just looking the dollars up 1% yet golds starting to move back up.

I can’t see the dollar holding gains it’s just the Euro took a hit , I am sure tomorrow it will all reverse

Dollar weaker and gold moves up over 3330 again

Either way we are talking white noise in the scheme of things , the direction of gold and silver is up

The worlds a chaotic mess

Stocks are dangerously overvalued in bubble territory but really it’s only inflation that’s put them up

But when it bites consumers which it is

I run two businesses and they are both having a perfect storm of 20% extra costs and falling trade

It’s all going to come home to roost and your going to want to have gold and real assets

Meant to say unsustainable!!

3300 is major Psychological support for gold , 3280 is major technical resistance , 3320 - 3355 is safety

End of the day I very much doubt gold will dip below 3280 or even 3300 , considering the dollar is the only reason for the weakness today as the yanks play the inverse trade but gold is not moving with the dollar anymore so pay no attention , neither is silver !

I expect actually the Asian market will put gold back between 3320-3330 over night

Lots of policy data coming this week and either way gold is a massive hold and will likely just move higher again now it’s hit the bottom of the range.

It’s all paper comex shorts leveraging 100-1 so they can move it to the bids of the central banks or buyers

That looks to be set at 3300 that’s why they stay away from it and if they do bounce it under 3300 it’s temp and comes roaring back !!

Think like the other poster it’s more likely to gather steam from here again and steadily build back up , any hints of a rate cut will send gold up

But even rates staying the same and an indication of rate cuts near will support gold

Also we have the Russia / trump stuff building

Just reaffirms to all central banks that they need more gold as any wars the Chinese start they won’t want to be holding to many dollars that’s why they will keep swapping dollars for gold all over the world. And base metals like silver.

And lastly big investors are warning that the debt all over the world is unattainable especially the USA

They have to issue 13 trillion in debt next year that’s crazy

Who will buy it up , yes you guessed it the FED with likely more quantitative easing

The games up and trump just wants to print more , so the dollar will keep declining , today is just a blip with a strong dollar and golds holding up well in reality.

Buy zone now

Should bounce from here gold :-)

EU and US trade deal and China likely extended

How far will they smash PM miners and gold and silver

Can they get it under 3300

Maybe 2280 then a bounce

All temp volatility before gold and silvers march onwards

Big week next week on data Steve

Lots of media calling gold down , but are the shorters writing it !

If are to believe Central banks are buying at 3300 one would think it would be big support

Equity markets seem very over cooked

Is it a case of one last attempt to take the last weak holders out then boom

Or is this the start of a correction

Jury is out

I’m a bull and think it will go 3280 at the worst and bounce then move to all time highs

Oracle what’s wrong with my post ? I still think this should be 220 in all honestly but the markets more forgiving at the minute.

Hoc would be in deep trouble if gold was still 2000 dollars

Yes this is mining and it’s hard

I don’t need to eat humble pie for an option this I still stand by which is it’s my belief this is valued to higher for a company that’s not really paid any debt off in 6 months of high metal prices.

It’s a wasted year when it should be taking advantage

It’s poor management decisions.

Anyway back to the central point

Let’s see who is right on the Oz’s mined year end at Brazil

That I think this should be 220 is a different conversation.

That the price is higher is what it is

I don’t value it at that !!! Hence why I’m not invested

But I may trade this along the way and may make a long term investment at some point.

Also Oracle lighten up this is a message board for views not just your own.

Unless you want to just listen to your own internal narrative.

Come Q3 we will be able to more accurately see what the numbers will be.

Let’s just see who’s right

Like I say you can’t just turn a mine back on as easy and it’s not even fixed yet , mining will be continuing but not in the full sense of production.

Then ramp up takes 3 months minimum