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Clearly something going on in the background that we're not privy to. Could we test the recent highs in the coming days ( £4.09) ?????
A few potential resistance levels to look out for
£3.5931
£3.6459
£4.0980
Gap to be filled between £5.6739 to £6.98.
Today's note from swing robot
POLY closed up 12.08 percent on Monday, January 9, 2023, on 4.94 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Ramp - massive gap at around £5.85 also needs filling
The fundamentals justify this being a £10 share every day of the week, and anyone arguing against this has there own agenda. If hostilities continue these could drift back down to a new trading range of £2.55 to £2.65 but no lower.
We have elections both in Russia and Ukraine next year, with Putin's election manipulation he could still get a bloody nose and will probably want this over sooner rather than later. From the Ukrainian perspective, having half the country abroad and unable to vote would hardly live up to their battle cry of being a fair and democratic society. But then again conceding territory won't go down well but nor will all the hardships linked to the war.
My only hesitation is that it's never been a pleasant experience owning shares, I've always had to go through some pain to reach the pot of gold at the end. Without wishing to jinx it, I'm half expecting the same here
200-Day Moving Average 223.98
50-Day Moving Average 235.73
20-Day Moving Average 244.47
10-Day Moving Average 244.87
2nd part to the Bloomberg article
Surprised no one else has reported it
Look it up on Bloomberg, no pumping
Turkish President Recep Tayyip Erdogan earlier urged Putin to call a unilateral cease-fire in Ukraine as Moscow stuck to its long-held line that Kyiv needs to give ground first. The comment marks the first time Erdogan, a key ally, has called on Putin’s forces to suspend fighting without a commitment from Ukraine that it would do the same. Erdogan also spoke Thursday with Ukrainian President Volodymyr Zelenskiy.
BB, my posts however positive would have little to no impact on the share price. The war will end and with it all the uncertainty surrounding the company. Once Poly is accepted back into the fold, you will have a massive buying feeding frenzy especially when you factor in the tracker funds.
So my posts are not designed for a quick pump and dump but rather highlight the potential returns compared to the risk which of course there are.
When this is over, and it will be, the future dividend payments of approximately the next 3 years should cover the overall cost of the shares at today's price.
It's a no brainer BB
Will open with the usual massive spread on H&L £2.35 to £2.50. The spread will close to around £2.40 - £2.45, and then repeat again and again for the next 2 weeks, occasionally dropping down to £2.35 - £2.40 or moving up to £2.45 - £2.50.
Ground hog day.
For Russia, sanctions have created significant problems for its gold mining industry — the largest in the world after China — in selling overseas. It produces roughly 300 tonnes each year but has a domestic market for only 50 tonnes, according to MKS PAMP.
At the same time, western governments have frozen $300bn of Russia’s foreign currency reserves through sanctions, which Shiels says has prompted nations outside the west to ask: “Should we have exposure to so many dollars when the US and western governments can confiscate that at any time?”
Russia’s gold-buying repeats South Africa’s playbook during Apartheid-era sanctions of supporting domestic mining by buying the yellow metal using local currency, says Ash.
“With limitations on the export side, it would make sense it’s the Russian central bank,” said Giovanni Staunovo, commodity analyst at UBS.
The Central Bank of Russia stopped reporting monthly numbers on its reserves soon after the war began. CBR officials have rejected the suggestion it is buying gold.
Our gold and foreign exchange reserves are sufficient. We don’t have a specific task of accumulating gold and foreign exchange reserves,” said CBR governor Elvira Nabiullina in mid-December.
Yet CBR officials have long placed strategic value on boosting gold reserves; in 2006 it said it would be desirable for gold to make up 20-25 per cent of its holdings — in February 2022, the last time CBR published its statistical data, gold accounted for 20.9 per cent. It has reduced its holdings of US Treasuries to only $2bn from more than $150bn in 2012, while increasing gold reserves by more than 1,350 tonnes worth almost $80bn at current prices, according to Julius Baer, a Swiss private bank.
Carsten Menke, head of next generation research at Julius Baer, reckons the purchases from Russia and China indicate a growing reluctance for countries to rely on the greenback.
“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds
The coming months will test whether record central bank buying was an opportunistic spurt as gold prices fell, or a more structural shift.
Even with prices having since recovered to about $1,800 per troy ounce, few are willing to bet the trend towards diversification of central bank reserves will change course any time soon.
Bernard Dahdah, senior commodities analyst at Natixis, the French investment bank, said deglobalisation and geopolitical tensions meant the drive by central banks outside of the west to diversify away from the US dollar was “a trend that won’t change for a decade at least”.
Worth a read
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.
The flight of central banks to gold “would suggest the geopolitical backdrop is one of mistrust, doubt and uncertainty” after the US and its allies froze Russia’s dollar reserves, said Adrian Ash, head of research at BullionVault, a gold marketplace.
The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.
The conservative estimates from the WGC outstrips the reported purchases to the IMF and by individual central banks, which stands at 333 tonnes in the nine months to September.
Officially, the buying in the third quarter was led by Turkey at 31 tonnes, taking gold to about 29 per cent of its total reserves. Uzbekistan followed with 26 tonnes, while in July Qatar made its largest monthly acquisition on record since 1967.
The discrepancy between the WGC’s estimates and officially reported figures tracked by the IMF can be partly explained by government agencies besides the central banks in Russia, China and others that can buy and hold gold without reporting them as reserves.
Acknowledging its intake — but also possibly trying to signal its limited role — the People’s Bank of China (PBoC) reported earlier this month that in November it made its first increase in gold holdings since 2019, with a 32-tonne bump worth about $1.8bn. Yet the gold industry says Chinese buying is almost certainly higher.
Mark Bristow, chief executive of Barrick Gold, the world’s second-largest gold miner, said China had bought tonnes of gold around the high 200s mark, based on his discussions with numerous sources.
Nicky Shiels, metals strategist at MKS PAMP, a precious metals trading company, added gold prices would have peaked around $75 lower in November if the PBoC had only purchased 32 tonnes. Gold prices traded as high as $1,787 a troy ounce in November and have since advanced above $1,800.
I would argue that the best co**** of action is to remain low key with no headline grabbing announcements such as resumption of dividend payments, we really do not want any unnecessary attention at this time. Let's keep going as we are, selling off our inventories and reducing our debts. When this is over, and it will be, we'll all be handsomely rewarded for our perseverance.
Keep living in dream land, the only reality and truth is reflected in the share price.
Every spike in the share price has only been temporary and a selling opportunity, and this time is no different. This company has promised so much over the years and delivered nothing, all to the detriment of the shareholders.
If it's product actually had any medical use it would have been fully exploited by now. The market is wise to this fact and so are the market makers who just love creating false spikes just to suck in more punters.
Pursuing countless opportunities is no recipe for success, quite the opposite it proves they are desperate. One by one all will end with the usual statement at how surprised and disappointed they are with the results.
Funny how all these mediocre pharma companies with no real underlying product seem to gravitate towards each other only to stumble at the first trial results. The miracle cure for all ailments with just one constant, failure. All the while the bods reap their extortionate salaries and worthless free options.
What ever happened to Money Munch.
Again, this is holding up remarkably well considering all this talk of sanctions and the war continuing indefinitely.
Chart points
200-Day Moving Average 219.69;
50-Day Moving Average 227.34;
20-Day Moving Average 241.97;
10-Day Moving Average 242.99;
Upper Bollinger Bands 250.01
Lower Bollinger Band 233.93
Putin cancels annual press conference as unease grows over Ukraine war.
Something is stirring.
This time next year you'll be thinking why wasn't I a little braver, I could have made a fortune.
Apologies if I've missed any recent communication on this but precisely when will this bear any fruit. They stated 2 years in the original news release in September 2020.
Juvenescence will deploy the Sulforadex® stabilisation technology to manufacture and market a nutritional health product containing a defined and stable dose of sulforaphane, derived from natural sources. This contrasts with the synthetic sulforaphane which is used in SFX-01, the Company's lead therapeutic product. It is envisaged that product launch by Juvenescence will occur within the next two years
With all the talk of further sanctions and large shareholders dumping positions, it seems to be holding up remarkably well. Fingers crossed going forward.
Agreed, current price action does not correspond to any dumping. Why dump now after all this time.