Member Info for Newdealz

@Belgrano - thats what the West want high Rouble, Russia are mainly an exporters, who is going to want to buy Russia products at an over inflated price with high Roublw? So Russia has to reduce the price which reduces thier income.

I am also convinced this GOLD sanctions is nothing to do with the war, its being painted as punishment for Russia but call me an old cynic but it would not surprise me if those countries wanting it have been hoarding GOLD on the Quiet, they off load the GOLD when its a top price pulling lots of money out of the economies its sold into, demand will be high right now and this straight after massive amounts of quantitive easing during Covid, its a hedge and just a way of moving the money around from pot to pot

broke 282 nicely and came back down to test the line and off up she goes as predicted, classic reversal pattern.

https://ibb.co/wdbgcWs

We have resistance at 290 area, 304 area, 312 and 320

@redceo - yes its broke the 282 line i needs to go well clear then come back down and test 282 after the move conitnues upwards, ive done a chart here so you can see how the wyckoff spring works, the second low is the spring point and must break the neck line.

https://ibb.co/bBbjKxS

@AHojj - i would like to see the sanction come into play now its priced in, if it refused by the EU and UK follows suite i would expect some sort of price correction upwards from here. We would benifit both ways imo, with the sanction it would be with an increase in the price of gold LT.

spotted a nice Wyckoff Spring pattern formed on the 15 Minute chart, if this breaks 282 today its going to fly, i wouldnt be surprised to see 315 this afternoon if it happens, FTSE is also up 40 ponts pre market with no major bad news around today as far as im aware...?

@investor6 - "How do Gold prices go up when EU and US stop buying Gold from Russia?. Sounds like the same crap about Brex****? eg. pound will go up, exports will go up?

If US and G7 don't buy Gold from Russia it affects those companies who are selling Gold. Asia don't have the demand to buy all the gold the whole of US and EU buy. Price of gold will need to rise over 50% to cover the loss of sales to G7 and US."

There is only so much gold in the world available to purchase, industry needs it just as much as the financial hoarders which with a raging inflation and a looming recession i only see increasing. The International Semi conductor shortage will also increase this demand on GOLD going forward and with industry rapidily trying to play catch with this chip shortage buy building new plants for production.

All this sanction will do is move around who buys Gold from who and from what reserves, the demand will stay the same or increase, nothing changes in reality. A lot of this has already been priced into the SP last week.

While we may see a dip at the start end of this week i feel then end of the week will finish in positive territory (see my previous chart link)

Like yourself i will be taking this oppunity to buy more and saying good buy to some of my other FTSE 100 stocks for a decent top up.

There is only one other scenario that is not already factored into the SP imo and thats world war 3, if it happens i think the last thing im going to be worrying about is my share portfolio living just 30 miles from 2 of the UKs biggest US military base's Lakenheath and Mildenhall.

just to annoy those who hate chart technical analysis, here is your WEEKLY chart TA update, check out last weeks candle, from the point of nuetrality i am not making any predictions, just stating facts so DYO ;-)

Each candle stick is a week in POLY trading.

https://ibb.co/q9XGRwL

More hot air to appease the tax payer and try and keep to war going, 4 G7 countries announce sanctions on the import of REFINED Russian Gold.

https://www.gov.uk/government/news/uk-sanctions-russian-gold-exports

The link below shows Geo locations where the gold is exported to

https://oec.world/en/profile/bilateral-product/gold/reporter/rus?redirect=true#historical-data

Not forgetting "The London Bullion Market had already suspended six Russian refineries in action announced on March 7." See below

https://english.alarabiya.net/News/world/2022/06/26/Four-G7-powers-impose-ban-on-Russian-gold-exports

So the outcome of this will be, POLYmetal is not directly sanctioned and as the board have said arent likely to be, its my undertsanding we dont sell refined gold to the open market anyway and have set contracts with purchasers already in place. So POLY Kazakhstan sells their GOLD to the UK and Switzland buys the Russian stock, if not it all heads East to China...

Below is a link on how the spot price on GOLD Bullion futures is calculated.

https://www.thegoldbullion.co.uk/blog/who-decides-the-price-of-gold/

"How do general market conditions affect the price of gold per gram?

Economic uncertainty or even recession can have a major impact on the gold price. This is due to the fact that gold is seen as a ‘safe haven’, which means that the world’s central banks will increase their exposure to gold when uncertainty or economic turmoil looms.

What effect do currency value fluctuations have on the price of gold per gram?

Monetary policies, such as quantitative easing, or inflation, for example, can lead to currencies depreciating and investors will often respond by increasing their gold exposure. Due to the finite nature of gold, it often retains its value, whereas currencies are easily affected by wider economic factors.

The price of gold increases when a greater number of people are investing in it. As a result, when currency values fall, the price of gold per gram often increases.

What effect does supply and demand have on the gold price in the UK today?

The rules of supply and demand are simple and well-known. If there is a shortage of a particular commodity, but demand continues, the price of that commodity will often increase. This is true of everything from gold, to food and property.

If gold supplies reduce and demand increases, the gold price per gram will usually rise. During times when the demand for gold falls off, but supplies are plentiful, the price will fall. You must remember, though, that gold supplies are finite. No more can be produced, just mined."

IMO GOLD price will rise now, and who ever it was predicting $2500 an announce may be bang on in the oncoming recession, imo POLYmetals stock just got more attractive, not less, with GOLD price rising.... also our NET worth will increase massively..... lets see what happens

@R33 i been wathcing orders go through all day, there was 50k+ buy order went throough and it didnt make a huge difference to the price, who ever bought this sell order didnt really want the shares and low balled the seller, if it was an mm they have bagged themselves some cheap share to put back into the market on Monday. I will bet we open higher than 200p and its just a low balled spread trade.

@R33 thats frustrating to have to look at that all weekend, i would imagine as its a sell and has to be, the spread widened in auction as the previous trade was a asell at 207. Someone got ripped off with a last minute weekend dump lol

@Atrades i thought you were a man who respected charts? there is ramping but there is also deramping, i try not to fall into either category, its OK for people to get excited though thats what we all do this for that euphoria rush.

https://ibb.co/fSSZ3w8

Anyway back to the chart, this is on the daily, POLY normally has 4 candle move up (minimum 3 geen days and 1 red) on any meaty bullish move, sometimes 5 or 6 with a big red reversal candle on the top. I would say its more likely to go back and retest the 20MA (green line) or the blue line of the falling wedge, so i still think there is more to come on this bullish move as its overdue. The wick on todays candles was profit taking from the last 2 days, you can tell because the BB is near back to normal today with the usual posters, its expected with a rise between 10-20%.

The sell off depending on the reason who ever it was dumping may have been due to potential sanctions which havent materialised even though the UK Gov. did update its sanctions Wedsnesday night. As we know shares have a mind of thier own and for no reason other than the algorithm getting triggered will go off on bull runs, whether it holds is anyones guess.

Onething i am noticing on quite a few shares i have and follow are the shares that have been heavily sold off already arent really going any lower, BARC, OCDO, RMG etc are good examples, they have support and even when FTSE makes nose dive they seem very defensive against further drops. For me this is good news because although i think there is further pain to come across the whole market some shares wont be affected as bad as others.

Fingers crossed.

if the mm's want to generate more interest in this share im not sure why they do not close the spread, it puts potential buyers off although it does prevent the wild swings from day trading it does nothing for stopping these massive drops. We are already short of buyers due to brokers blanket banning the stock yet with no sanctions.

ive just had a top up at 210.50, if i had bought in the last half hour of close yeseterday ide have paid 209p, yet today we are showing as 10p up, i know we had a little slippage overnight with auction, and the mm's have to make money but cutting thier own nose off the spite thier face it seems, it would also add to liquidity which would increase trading.

just wanted to say thank you to whoever it was who posted this link yesterday, i took an hour and listened to it all, amazing and shocking in the same breath, While i dont disagree with some of the financial debt Putin talks about in the West, he conveniently forgets China is also strapped up to the hilt, if he thinks hes going to take down the West with a financial crash he really does believe his own BS, hes having vision’s of grandiose, a common characteristic of an extreme narcissist with Pathological tendencies. Cant we all have a whip round and employ a Ruskie hitman, I know a couple of dark web websites, apologies for the war gratuities lol

https://www.adamtownsend.me/putin-speech/

afternoon team OCDO - @Boyo fib levels do occur all throughout nature, its part of physics and certainly applies to oscillation which we know occurs between the buying and selling, placing of the fib is the most critical thing but it only works when a share is trending and not news driven. As you say horses for courses.

I was just wondering why you used 9MA as thats really only for day trading imo, much better to use higher time frame MA on a daily chart to get that strong trend outlook.

I was speaking with another chartist on here the other day and he used something called Demarker, it was tweaked version where it numbered each candle up to 9 on a trend, ive seena bit online about it and looks like a strong way to day trade in a falling market to gain shares.

Myself i use various indicators but nearly always have MACD as with VWAP, MA's Volume by price (very handy because it shows you at what price most of the volume was traded at), another i use is ATR for my stop loss. Im using Quote stream and CMC markets now, CMC is great for candles stick charts which is what i generally try to base my orders on, looking for break of structure\ reversal patterns. Quote stream is a bit more proffesional and clean but lacks as much functiuonality on resizing charts etc, but has a lot more detailed information inc Level 2 and Time and Sales tape, thats £30 a month though.

Its worth playing with these tools to see what best fits your trading style, always room for improvement for me, i know my strengths and weaknesses and that what im trying to work on at present.

Heres a chart on RMG for today on 15 Minute time frame, ive kept it simple with just the basics, 30 minute time frame is also showing swing the bullish side as is 1 hourly.

https://ibb.co/H7h9xWP

yesterday we were trading above the green 20MA line, today we have broken to the downside and tested the 50MA line and bounced off it, we are oversold on the MACD with it looking to reverse upwards, right at this moment in time we are attempting to push up back through the 20MA line, once over it im hoping for at least a retest of the 282 area later this afternoon. lets see

Morning team POLY, yesterday's rns was another step in the right direction, hopefully a nice steady rise back up again, we know where this likes to be in the 230-250 range and this should make that on this move up, no wild swings just a nice progressive move forwards....

Level 2 volume is 54k bullish 41k bearish not much until 252p on sell side.

@simx yes it wasa buy, i just looked by the trades eitjher side of it and the price, the algorithm can can hold the price down if its waiting to pick up large orders on level 2, its all a bit crooked if you ask me as they should esily be able to officially mark an oder with a proper buy or sell in this day and age, buts done to allow them go about their work confusing the market and higing what they are doing.

@CWWX how do you go about keeping tabs on what prices to buy at? entry and exits levels history etc?

@simx thats a proper can of worms your opening there, i would not pay any attention to buys and sells here on LSE, the data feed they get is delayed so buy the time they get it and its posted if the price moves and can register wrong, i was just having this discussion on POLY about it regrading a buy or sell for 138k shares, you can see it here

"Its a bit easier to see on the time and sales as the colours indictae the action it has on the price, green being moved the price up. you can also see what the trades either side of it effect on price action by colour.

https://ibb.co/7Jp6Dm0

@CWWX i agree its done to allow them to hide, as is the amount of volume you are allowed to scroll back through which is restricted.

Its a bit easier to see on the time and sales as the colours indictae the action it has on the price, green being moved the price up. you can also see what the trades either side of it effect on price action by colour.

https://ibb.co/7Jp6Dm0