Member Info for DrJamain

Cash? With inflation way above interest rates? Good luck!!
Licence a real issue? No, Not a dead cert? Obviously, but as near a cert as you'll get at this point.
Chill out Goolang and take advantage of these lows.

I'm still in here but have significantly reduced my position during this rise. Why? Pretty much because of the things outlined in the Seeking Alpha article.
I've been really disappointed with the Juanicipio hook-up delay. It's gone on and on and comms have been really poor.
The company reassured they will hit targets this year but that was based on hook up many weeks ago - we're in December and still no announcement of hook up. As a result I don't see how they can meet guidance.
Also the company have hardly been dynamic in addressing falling production and grades. I know they have some positive forecasts and an exploration program but they keep on disappointing. Maybe it's just poor comms, maybe it's strategic ineptitude, maybe I'm becoming impatient - who knows?
PM prices will rise significantly at some point and should trigger a significant bull run, the dollar will lose its lustre and the debt market will weaken - but is this the moment? Who knows?

I think it's people betting on a Fed pivot/easing of rates leading to a PM bull run.
It's now trading above the upper trend line.

For me I need to see it break the upper trend line - it's still banging its head against it. I guess it will depend on the scale of the next rate hikes.

I also couldn't resist! The further it falls the more I'll buy.

I'd be more confident if this push was supported by a higher volume. It's still hugging the top of the trend line.

Still hugging the top of the channel. Low volume.

Haha, even a stopped clock is right sometimes!
If it goes down from here it should pause at 820 and try to find support, if that fails then it's mid 700s again. We'll see.

If you join the July high of 730, the August high of 750 with the October high of 825 the uptrend suggests 880 ish for this run. The channel bottom suggests a retrace to 740 ish.
We'll see.

Well we are seeing higher highs and higher lows, we have an ascending wedge. Short and long term moving averages have crossed in a bullish pattern. We broke above 820. All good.
It may be that inflation has turned and central banks have room to relax their interest rate hikes. The dollar may have rolled over. Time will tell.
As I said, I've sold a few for trading cash but I'll hold the bulk of my holding in anticipation of the PM bull run.

Yes Slater, I don't think this is an explosive moment. The inflation/interest rate rise scenario is far from over so there will be ups and downs. However I think there is an uptrend now.
I am selling some into this rise and will trade them, but I'll keep a core holding - having weathered the doldrums I do not want to miss out on the good times!

Slater, do you think we're nearing the Fed pivot? If so do you think PMs have a way to go?

US inflation is lowering so the Fed will probably raise interest rates less, this means the dollar is lower and PMs benefit.

Well gold has found support in the 1620s three times in the last few months and it has just broken up from the downtrend that started in March. Let's hope this momentum holds.

* predictive

Geng, gaps are not always filled. Why? Because things change in the real world. That is not to say that charting does not have predicted value, but it is only one part of the calculation.

Well this small fall is not related to news flow for sure - another great RNS.
Good volume again.

Thanks 3bear.
I just sold a few - I surmise that even if CPI supports PMs/gold this level will become support and there will be an opportunity to buy back in the high 90s

Yes, I just sold some. I guess even if CPI supports PMs/miners 820 will become support rather than resistance so there'll be an opportunity to buy back at these levels.

So here we are bumping our heads against £1. The question is which of these:
1) US CPI comes in hot, PMs fall back as do the miners
2) US CPI comes in lower and the PM/miner uptrend is supported.
Opinions?