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Pavel never left in the first place, it was clear from yesterdays reports that Pavel adopted the position of COO from the offset... BUT good he remains on the team.
Initial uncertainty, lack of clarity........ Shenanigans in the making!
Currently trending above last months close updown....
Short term trend has turned bullish which is normally the opposite, last cyclindrical event produced a high indicating moving into a low but this has not happened..... THIS IS BULLISH...
As long as the monthly close is above $1775.80... This will be very bullish up to a target area $1920.00 area but still need to watch the intraday price action during July.
Maybe Pavel's integrity in his position was not what was expected..... loose tongue of late with the press
MKumar..... It was speculative up to 2019 end, then a turning point after the POX Hub completion and confirmation....
Not a long term holder but well aware of the companies affairs since 2007 onward....
Clarav.... It was speculative in 2019 not 2020.... The company has moved leaps and bounds since then!
You have top read in between the lines here.....
We said BUY at 7.6p on 31 Jan 2019.......Tip Update: Sell at 29.7p
They HAVE to recommend this to save face.... +291% oozes credability!
Been filling the trunk this morning....
NOT a double top.... support at 50% entrancement 29.12p....
HL finished at sell 30.75, buy 30.90....... Another beautiful day......
Hi Penhome,
Nice to see you here, no sold out of Amur some years back, reasonable profit but not at the dizzy heights it achieved though!
Back in POG at 29.45 (Not fully in - see how the price develops)..... ATB
Reasonable finish today..... Gap up nearly closed, lets see what the so price is on open tomorrow.
Sheddy.... I sometimes get carried away with myself, especially on this next phase, I have been waiting patiently for this opportunity to arise....
Yes ALL markets are currently too high in the light of what continues to unfold, I agree that POG will be one of the better plays during any market correction but it will correct along with the remainder....
I've just looked at my cup of tea-leaves and seems POG will correct to the 30p mark intraday, a bullish target would be approx 35.5p by week end but (I know there's always a negative from me) the sp is now below the previous uptrend support line drawn from mid march to mid May which is now acting as resistance... Oops!
Pavel really needs to keep his mouth shut before the release of any RNS, the recent leaks are despicable and unprofessional to state the least.
Sheddy..... TA moves as the days pass, currently to remain bullish intraday a close above $1755 is required, then $1788..... But intraday its struggling to push past.
Anyhow..... I thought you put me on ignore :D..... Obviously curious to what o continue to post hahaha.... ATB
PVX.... I never called anyone here 'weak', stop waffling :)
SASA.... It is indeed a very long time since we exchanged thoughts and its good to see youre still around, probably 9 years ago now....
I totally agree that the second listing is positive news for POG, the future looks extremely good too, this is why I have been in and out of POG since the start of the year, the last RNS was a thorn in my side.... Im on the sidelines at the moment, I dont go long anymore but trade frequently.
That said though, I have grave concerns over the 'bigger picture', the markets are teasing and a down turn is inevitable (turning point is July), if this downturn does play out then I want to be in a position to cherry pick....
Whilst gold has shown a slight increase in momentum this week.... $GOLD has to close above $1788 by end of month..... I see this as unlikely given the formations in intraday price action.
I have posted regarding the long term 'cup' formation and that a handle is required to slingshot upwards to $3000 in the coming years, without this correction then the price will Not do so well...... Absolute bottom target $1450, probable $1590..... Cycles predict a low moving into July..... This will take pm stocks with it.... But if all markets correct which is what may play out then cash will be king.
Im happy to be in the position I am today, maybe too cautious but time will tell.
Good to see you here my friend, ATB
I'm here aimtitan.....
The train left without me on this little uptick, I've openly said POG will do very well but a bigger storm is brewing and im not at all keen on thunder....
Ill get back in when the next fall comes.....
To be reviewed by MoEx in September for acceptance, very good news if accepted come September...
Updownflat..... That's what has been happening but it has to stop propping up the market at some point.... Most big hands are still in cash, since cashing out in January, this time its very, very different, whilst the NASDAQ has led the way up due to the nature of its listings being 'digital' the DOWJ will lead the way down due to the vast amount of its listings being 'traditional'.....
Its a shift in the markets to create a zero CO2 emission policy globally, which of course is impossible in this modern time but this ignorance will not prevent the coming destruction.
Hi PVX, thanks and yes I agree.
That's one of the main reasons I invest with POG, the risk is somewhat smaller with greater resilience within this sector.
PVX..... POG is a gold miner, it produces gold, if spot $GOLD declines so will POG it really is that simple....
I agree that the potential loss would be less than its counterparts to some extent but the market will not look at this because it does not care....
Markets have started to show weakness, FTSE retracted from the 68% Fibonacci resistance line and bounced off support from the 38% Fibonacci line since the high put in Jan to the low put in March..... Charts matter and so does timing.
It will be very interesting to see what happens once the markets decline further as we approach July.
There's an obvious megaphone/broadening pattern being completed in the monthly price action of spot $GOLD...
Whilst it is true that price can break either way up or down on a typical megaphone formation, you need to take a closer examination of the intraday price action.... A bullish indication would be a broadening megaphone with HIGHER
highs and lower lows...... We dont have this action, what we do have is a broadening in price of LOWER highs but with lower lows..... This indicates the high probability of a break down in the price action or correction to you and I...
With this being said..... Look at the larger long term trend and formation, as said previously a Monmouth cup has been formed, for the projection higher we MUST have the handle formation before a sizable swing upwards, the correction usually dictates a 50% retrace of the cup depth (hence a potential $1450 target area).....
Would the price drop so low? Indeed it can and often will, classic Forrest shake, removing weak hands, it will shock and humiliate the average PI.......
For the remainder of 2020 expect no further gains until 2021, with a bottom projected Aug/Sept at a guess!
No thanks required for this crucial observation guys!