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CofE... The short term problem is that 1930 was last weeks support but its now this weeks resistance.
Agree on other points, although volatility will get crazy moving into January.....
The trend remains bullish but corrections needed.
Totally UDF.... 03/09 was the top for all markets.... Human intuition us to think it will go higher when the going is good... But it rarely does (I know this from past experience), theres always time to claim a profit, NEVER think your loosing on the downside, call it a day and scoop a lower price.
Today's markets have never ever seen the craziness have we had this year so far, I ill be totally honest even I and the very best technical analysts were off the mark, the correction should have formed from end of June but it just kept rolling along with the tech stocks...
All said though, lets wait and see, my money will still be on quality PM miners probably long come November but will trade during September/October... POG is a sound company and still should be resilient and stronger than other producers.
I had CNR, GRL and small amount with CEY as cashed out since holding from 2007.... Watch for the drop, if not stay long, if invested in exploration or development cash in and wait.
ATB
Correct Samsung and so it was at 41+p... I should know....
What we have now unfolding is the correction that is long over due....Amazing how markets have held ground so well really....
DOWJ still looking weak.... Watch for a continuation of a close below 27525..... Then its in concrete for a lower low, as said a move lower into October could be at play, why?
Look at you he tech stocks riding on the back of Apple, Amazon, Facebook.... Jeez all riding on 5 G roll out... Thats ALL ready priced in but its nor what its meant to be.... They will fall lower, if Trump I seeds then the monopoly will be forced to break up into sub entities.... Due to the failure of the democratic support that these companies had.
PM stocks will follow regardless of spot gold, same investment class.... If you can afford to sit strong until the net high in 2021 thats fine.....
Im in 100% cash
Good luck ??
Oh dear.... DOWJ closed below 28704, this not a good sign for the weekly close.... I was looking at FTSE100 close below 5850, again not a good weekly finish....
October should be a down month, in saying that regardless what golds directional move is (probably to 1800) pm stocks WILL follow general stocks....
Grit your teeth holders
Samsung.... A little lower 30.45 sold at 35.50.... Just a safety reaction but yeah didn't gain what I wanted but a 5p increment is a substantial gain.
Waiting fir the DOWJ closure but FTSE100 is very weak.
Out today, the current situation across all markets are very close to a technical decline, closing today will signal the coming direction into October.....
May buy back next week dependent on closure today, this is purely a safeguard on my behalf.
Looks anger term no worries, its pretty bullish.
Its true....
Mr Meshcheriakov's due appointment as Interim CEO, he has unfortunately encountered a lack of co-operation from some employees and ex-employees in certain of the Russian subsidiaries as he works to implement a robust and transparent controls framework across the Group. The Board is continuing to work with Mr Meshcheriakov to resolve these issues in the best interests of all stakeholders.
But it seems to have supported the rise!!!
Rashariati.... There's a difference in my eyes between a peoples person and being a business guru.... Whilst both skills can compliment eachother Pavel was limited to the former... Now where's my umbrella...
sp up 5% on open
StockMarketWire.com - Russia-focused gold miner Petropavlovsk said it had appointed Maksim Meshcheriakov as its interim chief executive following a board shakeup prompted by investors.
Meshcheriakov was previously director general of Traxys' tin project in Russia and had held several board positions with AGD and Bank Vozrozhdenie.
He would not be a director of Petropavlovsk, though he was expected to be a candidate for the CEO role.
The appointment of a permanent CEO and other executive management roles would be determined by the board in due course, Petropavlovsk said.
The company also announced that it had appointed existing director James Cameron as its chairman, while Charlotte Philipps had been appointed as a senior independent director.
'The board is committed to delivering value for all shareholders of Petropavlovsk and to ensuring an effective dialogue with shareholders going forward,' Petropavlovsk said.
'Over the coming weeks, the independent directors will engage with the company's largest shareholders and institutional investors to better understand their views and to set out a clear process to enshrine effective corporate governance for the future.'
The company added that, to support the process, it would appoint Citigroup and UBS as new joint corporate brokers.
To be fair Keynesian economics has never left government policy and process, what they fail to understand and realise is that this method of thought is wrong, never has worked and never will, although the method of thought is that 'this time is different'..... Yep, different year but SAME PROBLEM.
To be fair gold has done reasonably well during times of stagflation too....
Gold is a hedge against government NOT the $USD, NOT the monetary printing presses and NOT inflation.... Its a backing against a lack of confidence in governments.
The seriousness of the monetary crisis is beginning to gear up, a small percentage of capital has already left the government bond market back in January.... There's still a hell of a lot of capital to take flight as bonds start to collapse in 2021, there is 10x the capital in government backed bonds when compared to private equity markets..... Money will flow out of bonds into private equity, property (not all types) and gold..... The growth prospects in the coming years will be staggering.
Countries are now racing to develop digital currency as this removes the SWIFT process, IMF/central banks are currently insisting countries submit their accounts or they will be banned from SWiFT isolating them from external trade.... Hence China being the first major country to trial its own digital currency e-RMB last week in four major cities.... This removes the restrictions of the SWIFT process in turn removing capital sanctions....
PM miners are a leverage play as long as they are private entities with realistic margins then they WILL do very well as the gold price moves higher.
All very interesting to watch this unfold.
We got the bounce from lower support trend line
CofE..... This would be classed as a routine daily swing $100-150 price swings is common in the gold market
Sheddy..... Personally I would expected statements to be prepared in advance to cover all eventualities post vote result.......
But hey ho..... Not a damp squid, shows how self serving the ousted parties actually are.
Wonder if the auditors find that pavelovio claimed for fuel expenses in the stealth helicopter that's probably being armed with guided missiles as we speak and glad to see Ally is off after rapidly climbing the ladder.... Must give one hell of a BJ that lass!
Don't be one!
Yesterday did not work in our favour (apart from the bounce from the gap filled).
Now to test rising support currently standing at approx 29.5p
Happy to share a chart for POG which is something I didn't really want to get back into doing! .....
https://www.dropbox.com/s/iez6ivofzjjb8oz/POG.L%2011-08-20.jpg?dl=0
To be fair.... Gold could go a lot higher, when exodus from the govt bond market happens there will be 10x that of capital already in equities today, the main parking lots will be US equities, PM's and certain property portfolios.....
Perpetual investments will replace govt bonds
I do better than that..... I walk on water
BOOM!
Bang on target for the retrace.... Now lets start making some dollars....
Just topped up after selling PAF
That was at 31.3p