Member Info for NoelShempsky

It wasn't meant as a savage attack on you. Yes, I did quote you, but I was talking generally about all the mockery - "There is something I've noticed about the detractors of charting" - all of them not just you, and I didn't see it as wanting to have the last word, it was a rebuttal and it had some good advice about the worthwhile use of brain power, but again you can't read it and just ignore it if it doesn't interest you. You have to have the last word with more mockery - i.e. "Ha ha". You shouldn't be so thin-skinned.

A crystal ball - I forgot about that one.

"Hold onto your shares." Somebody just dumped a million shares. Why? I hope it was because they needed cash rather than they know something.

"patterns in the tea leaves" - mockery, I see. if you applied you brain to studying the tutorials on chart patterns rather than thinking up supposedly amusing quips you could be making money.

Professional traders use chart patterns and there is something that is even more powerful, momentum and wave analysis, but that it very complicated and needs a lot serous study to learn it. It is too much for me.

There is something I've noticed about the detractors of charting. When it goes wrong they are full of glee and say, "You see, it doesn't work", but when it does work they just mock with quips about tea leaves, astrology and suchlike.

Yes it does go wrong, but as I said (I don't recall if it was on this board or another) a football team doesn't have to win every game to be top of the table. So long as they win a lot more games than they lose, they can be at the top, and chart patterns give a correct forecast a lot more times than they are wrong.

Thanks Niglebonger. My switch of SOME of my THX shares into MTL is paying off. Again, I give credit to Pedro for his tip. I looked at the MTL chart and thought I saw a falling wedge and they usually break out to the upside which it appears to be doing.

However, I am looking for the buy point with THX. The future is upwards.

Isn't THX due to announce the next dividend? I think there is a chance of an increase in the dividend, but if it doesn't come in the October dividend, I'm sure the next one will see an increase.

THX could be over 100p by the end of October.

"Everything is progressing well and hopefully first production will happen ahead of schedule." I wish we could say that about the country - the economy, maintaining the infrastructure, the NHS, schools, borders under control, etc. Our political leaders could never get a mine from exploration to production.

There is a lot of excitement and I'm sure even better things are to come, but is this going too far, does anyone believe this -

"Macleod Says Gold Price May Skyrocket To $100,000"

https://kingworldnews.com/macleod-says-gold-price-may-skyrocket-to-100000/

This is more reasonable -

"Celente Just Warned Gold Price May Soar To $10,000"

https://kingworldnews.com/celente-just-warned-gold-price-may-soar-to-10000/

Correction - "Last year did you sell more than £25,000 of shares - that is total sales?" - that should have been £50,000. (be careful who you take tax advice from, as Angela Rayner knows)

I am not a tax advisor, please read the document.

From the HMRC document that I linked -

"Fill in the ‘Capital Gains Tax summary’ pages if:

• you sold or disposed of chargeable assets which

were worth more than £50,000

• your chargeable gains before taking off any losses

were more than £3,000 (‘annual exempt amount’)

• you have gains in an earlier year taxable in

this period

• you want to claim an allowable capital loss or

make a capital gains claim or election for the year

...[more conditions] ..."

Since all gold stocks are having a brilliant year this year for gains, that one about claiming for a loss might be useful to some people. If you have unused losses from last year you can carry them forward to offset gains this year. I am not a tax advisor, so read the document.

Nimrod is right - £50,000.

It wasn't me who gave tax advice to Angela Rayner, honestly!

From the HMRC document that I linked -

"Fill in the ‘Capital Gains Tax summary’ pages if:

• you sold or disposed of chargeable assets which

were worth more than £50,000

• your chargeable gains before taking off any losses

were more than £3,000 (‘annual exempt amount’)

• you have gains in an earlier year taxable in

this period

• you want to claim an allowable capital loss or

make a capital gains claim or election for the year

...[more conditions] ..."

Since all gold stocks are having a brilliant year this year for gains, that one about claiming for a loss might be useful to some people. If you have unused losses from last year you can carry them forward to offset gains this year. I am not a tax advisor, so read the document.

Here is something that probably won't affect most of you because your shares are in an ISA.

Last year did you sell more than £25,000 of shares - that is total sales?

Did you make a total gain of over £3,000 - that is total gain not net gain?

It applies to the last tax year and if you have sales outside of an ISA then you need to know this in preparation for the end of this tax year.

See this - SA108-Notes-2025_CGT.pdf - from - https://assets.publishing.service.gov.uk/media/67e1612564220b68ed6a7009/SA108-Notes-2025.pdf

It is worth knowing because ignoring it could get you fined.

It is worth reading because ignoring it could get you fined and that will take a chunk out of the profits you were so pleased with.

Here is something that probably won't affect most of you because your shares are in an ISA.

Last year did you sell more than £25,000 of shares - that is total sales?

Did you make a total gain of over £3,000 - that is total gain not net gain?

If you have sales outside of an ISA then you need to know this in preparation for the end of this tax year.

See this - SA108-Notes-2025_CGT.pdf - from - https://assets.publishing.service.gov.uk/media/67e1612564220b68ed6a7009/SA108-Notes-2025.pdf

Talking of cash monsters, see my next post about CGT.

Do you see what I meant glypodend? Attacks, insults, mockery and abuse - see how I was proved right, only I forgot to mention the lies.

In no time at all I have been proved right.

Ah, the good old days. It's all coming back now.

I got abuse, insults and mockery - and bullying and lies told about me - as ElectricLion proves here.

I never resorted to insults and abuse other than to give it back to those who gave it to me. He thinks I shouldn't have been allowed to defend myself against it. They even denied that I had correctly called the drops - and my posts were there to prove it. They denied it in spite of the proof, that is why they resorted to mockery. It is a standard tactic of bullies on these boards - when the facts are against you, ignore them and use mockery.

I was attacked just for being right - attacked by bigots who were upset by losing money so they redirect their anger at me. It looks like ElectricLion is still upset. Absolute to55ers on here.

Talking of charts, see the 2Y chart for MTL (the link is above). See the action since the peak on 14th July. I believe that to be forming a falling wedge and they usually breakout strongly to the upside. The falling wedge is a pretty reliable pattern.

So this man talks about the price charts.

I'm not having a go at you glypodend, but whenever I have posted about the charts I was attacked and mocked, "pretty little patterns" "you might as well use astrology" and suchlike.

As I say, I'm not having a go at you glypodend, I'm just curious to see if you get the same sort of comments in response that I got.

And by the way, the worst abuse I ever got was on the Condor Gold board. Years ago I was in CNR and when it was at about 53p to 55p, I looked at the chart and saw a fall coming to about 43p.

I posted on the CNR board saying sell. I got a lot of insults, abuse and mockery.

The sp fell to 42p. Soon after that, I looked at the chart again and saw another fall coming and I posted saying sell. I sold my entire holding.

The sp dropped to 15p - and I still got loads of abuse - for being right. Absolute to_55_ers on here.

Take a look at the "Gold - Annual Returns" table of data. If 2025 turns into a year like 1979 it will be mind blowing, and the economic and political factors seem to be in place to make it happen.

https://kingworldnews.com/gold-on-pace-for-best-year-since-1979-this-is-why-gold-and-miners-are-soaring-in-2025/

Thanks for replying. That's some holding.

"Can't buy enen £3k worth" - what's your problem, I've just bought £33,000 worth.