Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Multibagger weird TA 'Elipse' phenomenon chart breakout alert, watch video from beginning. Similar to ARB
https://www.youtube.com/watch?v=DwJiI94DF50&feature=youtu.be
This is why I was snapping yesterday, there are several genuine newbies here. Some of which lost thousands after panic selling due to rubbish posted here by one time posters after the director sell on new years eve. Then we have the other 'newbies' (Previous banned posters) trying to push the placing narrative etc in their desperate attempts for a lower entry, just as they did on new years eve.
“There’s speculation that ETF investors are about to abandon the safe-haven trade since the U.S. political situation will see stability with President-elect Biden and as the U.S. begins to speed up their vaccine rollout,” said Craig Erlam, analyst at online broker OANDA.
“Someone big or a hedge fund is abandoning their bet on bullion and that could reverberate further.”
Some who exited gold on Friday did so to chase record highs in bitcoin - which has become a renewed craze of speculators after its 2018 mania, drawing as many headlines as Tesla (NASDAQ:TSLA) shares on Nasdaq.
“The institutional interest for bitcoin is starting to really hurt the long-term outlook for gold,” said Erlam, the OANDA analyst.
According to Chamath Palihapitiya, chief executive at Social Capital, bitcoin, also known as BTC, is "probably going to $100,000, then $150,000, then $200,000." He, however, said it was hard to give a time horizon for the milestones, given the hyper-speculative nature of cryptocurrencies.
NOFEAR, " Remember that UK retail investors are no longer allowed to invest in these types of Cryptocurrencies related investments since the 6th January 2021. New FCA rules allow only professional investors". Not quite mate, the new FCA rules are for leveraged products only. So retail can no longer short sell or use CFDs/Spreadbets to go long. However, they can actually buy Bitcoin. That is my understanding of it, you make some excellent points though.
Billfunk1, some excellent calcs there mate. So our current $6 million could add 210PH, then if we were to use a figure $90 million in the future that could possibly add an extra 3150PH .
I'm happy for where we are today, interesting to see what the future potential could be here. However, we never really know what tomorrow could bring.
There is a direct correlation to the new Institutional Investor who bought $600 Million in Bitcoin on the 4th and 5th of January, same investor is looking at accumulating a further $400 Million this month. What does that tell you, do you think an institutional investor is likely to buy that amount at that price thinking there will be a retrace? I think not, all the retracements are being bought up quickly by the IIs. Look's like the Bitcoin $100K is now inevitable