Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
cheers but not my making....
Lost the bump due to loosing all comes this morning..... Took out a position in SOLG Monday after exiting POG.... Riskier play i know!
Sheddy... SP flat so probably will drop.... See previous sup[port points as a guide. Notice some volatility kicking in on the PM's now..... time to prove is approaching (month end)
Dark Knight.... Don't forget to mention the 'metrics' Batman or you'll be lynched ;)
Sheddy.... I have never and never will claim accolades from any of my posts, I say what I see unfolding.
Whilst I consider you to be one of the more respectful posters dont succumb to the bait being laid.....
Its a trap :)
Once upon a time I was a lazy long too.... Now I'm like a panther in the night :D
Oops that should have read 'privileged'
Freddie.... Are you assuming many folk were drivel lived to insider information?
Bearish candles from Friday.....
PVA.... I'll put it another way for realisation.... The 2-3p per share that ypu had this morning is now sitting in my trading account...... Has the penny dropped?
You know, as I've said several times before the 'metrics' for POG are very attractive.... See you've even got me using the word 'metrics' but a company in POGs shoes would not dare to mark down H2 growth but thats the future and who knows but lets hope it is firmly on track, ill still be here to hold your hand along the way ;)
Sweet dreams PVA xx
Chick, chick, chicken..... If those invested dont already know thus then should they really be invested???
Or are you looking for a Nobel prize award for good service to lazy investors?
PVA.... Wow....
"I don't care about a few pence up or down".
.......Wish I was your banker :)
I've given price targets and time frames.... We just need to monitor.
Might have another dip in POG again soon, beats sitting on hands but not looking too great near term with the bearish candles.... BTW not my words... British.Bull.S take even though they are recommending 'stay long'.... Scratching my head over that one, might have nits or something!
12 months is a very long time in the market!
Aimy.... I was thinking the same, tut!
I bet all the market makers are crying into their tickets, changing their trousers hourly having read this board... Money is money, use it wosely
PVA... Im glad you saved yourself from youre earlier comment today regarding 'adding'..... By the above statement, baffles me why anyone would add anything at a high though.....
With that said....... "£1 soon enough"....... Worth buying on highs then but how soon?
Now youre adding syrup to your waffle PVA.... All tongue in cheek though ;)
But...... They also state....
"Market Outlook Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside".
So....... Stay long BUT for how long?
The sp just gave up 4.43%...... I used to look at BritishBS years gone by....... Lesson learnt, review daily, take profit, review again.
Drunkin..... Time frames and profit, not everyone has the same style of investing.... Ever get that feeling of being duped with a high target price given by the very same that exited a lot lower.....
Room to think!
And his mate Pavel......
And god only knows why the doctor of IR became temporary CEO..... Living the dream I suppose!
good call 2227 but I would of held back for a short time before a fundie donation.
Here is my justification why I exited POG fully this morning after taking 50% off the table on Friday....
On Friday the Gold miners bullish percent index hit 100 points, this is a clear sell signal hence 50% sold.
This morning the price was under offer below the 1st resistance pivot point , although a good open, the sp failed to gain momentum required to push past this point, it simply lost its legs, POG has for itself at current made good ground on positive results this year and lately from H1 BUT the good news often diminishes, the problems at the mill resurface and folk move on.
Whilst I totally admire those that go long, a share is never to be loved to the point you cannot let it go.
Watch the gap..... Gap up from 22/07 @ 31.30p high - 23/07 @ 31.60p low
Sheddy.... Thats up to the individual but I took the opportunity to fully exit this morning.
1st resistance level 41.65
2nd resistance level 43.80
1st support level 36.70
2nd support level 33.90
Gilo....
BITFINEX:BSVUSD ..... wait for 120 ish then target to 800.... DYOR.... this is not advice what-so-ever
Apologies Kenny...... Crystal ball tonight though, ran out of tea leaves but will be interesting next week..... Im reserving opinion for POG as still invested.
Fair value was 60-70p.... The market usually gives 50-60% of this but euphoria can give a lot more, euphoria though usually diminishes.... Near term of course :)
Samsung and Kenny..... You both provide a statement but without reason lol.... Please expand YOUR thoughts, im sure you will both enlighten anyone that cares....
As always only my opinion but thats the market.... Ignore technicals and become a gambler ;)
Hi 2227.... Sorry for the delay but usually at the weekend I will set my stall out for my coming weeks action, a very good week had with POG, however, I took 50% off the table on Friday.
For $GOLD week ending was a good finish and closed up above the previous week so we should see a continuation to some degree next week, focus being on near term trend although the volatility within the gold market may increase leading up to month end.
Month end close will really be the key price and will dictate where the near term trend will follow moving into August. The previous month end close was indeed as shown at the closing price month end for June 'very bullish'.... and the suspicion of a market cycle inversion forming may unfold.
Next week open target: $1920/21
Month end target: Must close above $1923/24 area for a renewed rally into August.
If an intraday closing price above July's' month end during August, this would signify a renewed rally and cycle inversion taking place (continuation) upper resistance $1971.
Support next week lies at $1820/21.
A break below this price area would signal a further decline to strong technical support at $1670.....
But bear in mind the pattern formation is still as described previously being a cup and handle without further gains made and based on week close the target for the handle bottom would currently be:
38.2% retracement - $1580
50% retracement - $1480 (this is currently where the 20 SMA line is at $1498).
62.8% retracement - $1379 (this is where the 50 SMA is at $1359).
Over all the longer term trend remains bullish so not too much too worry if long, price will bounce back with a 6 month window if a correction does occur. Gold is still following stocks until the monetary crisis really begins, probably in Europe which will load the starting pistol for gold (lack of confidence in government confirmed)
General markets are not too clear at current, NASDAQ still remains bullish due to the nature of online stocks, DOWJ and FTSE are currently neutral but bearish over the wider term - Bond markets are atrocious.......
Anyhow, look forward to tomorrows opening (tonight for $GOLD).
Good luck :)