Member Info for NoelShempsky

But I don't totally dismiss your views IBABFO2.0. Chartists can be a problem - when they are people who are not very good at it.

They think they see a pattern but they are premature. They haven't waited for it to become crystal clear and definite. Patterns can partially form but then break down. Some people buy or sell too soon for fear of missing out. You must wait for it to be fully formed.

" Anyone in this company for the long term would do best to buy the dips " - there were holders of Condor who bought the dip to 43p. If they had heeded my warning they could have bought later at 15p. Condor never again reached 43p, and I have just recalled someone on the CNR board who, when it was at 43p, told me that it was going to 60p. He said he was in for the long term.

" The only down side will be chartists" - TA is a guiding light and can warn of a collapse. It does not cause a collapse. There are people who regret not heeding my warnings. When Condor Gold was at 55p I said sell. It dropped to 43p. I told them that chart still said sell. Of course I got a lot of abuse. It fell to 15p. I got lots more abuse for being right, and that isn't the only example of my warnings. I've also tipped rises and been right.

I'm talking about cases where he chart was crystal clear with reliable patterns. To me, the SRB does not currently have a clear pattern. That is why I didn't make any firm forecast. Perhaps a clear pattern will soon form. ,

What about people who sell half to lock in a profit?. Are they a downside?

Mr Bond - see 7th Dec for a post by 28jaczar01 - "Nice to hear amongst the Q&A session that Serabi is exposed to the full upside on the 2024 surge in the gold price (I.e. not hedging) and that dividends are potentially on Mgt’s radar."

It is interesting that you had the same thought as I did danny, but you went ahead and sold whereas I decided not to go ahead.

I have looked again that the price chart.

On the 6 month chart this looks like a breakout which will get stronger.

On the 2 year and 3 year charts it could be argued that the price is going parabolic. I can't be 100 per cent sure about that but taking these two views into account, I'm glad I didn't sell.

However parabolic rises often collapse, so I'm glad I hung on but will be on the lookout for the top. I think the top is above 150p, but, and this is just a feeling, on the way up, 120p might offer the chance to sell and get back in at 100p to 105p

To all and not just to danny - please offer any other opinions based on chart analysis. Let me know what you think.

I need to add that, yes, once or twice I sold then it went up, but there have been more times when I sold on a spike that was too steep and I did buy back cheaper. My point is that when I did make money, I was confident about my chart analysis. Today I looked at the SRB chart, thought it was a bit steep, but it didn't have the clear sell signal. It was a rise that was steep but had possibly \ probably not yet reached the top. I wasn't going to gamble on making a penny or two from a small dip when it might jump up by three or four pence in the short term - with more to come after that.

Some chunky sells (I reckon they are sells). I suspect they think the price chart is looking like an unsustainable spike. Are they taking a gamble on selling at a peak and buying back in when the price drops?

That theory is based on my own thoughts. This morning I looked at the chart and thought the rise looked a bit steep and a pull back was likely. I thought about selling a few to buy back at a lower price, but I didn't because I have done that in the past (not SRB) and the price didn't drop, it shot up even higher. It's not worth taking the gamble, it takes its toll on your nerves.

There will have been holders who had a sell target of 100p.

Their waiting is over, so pretty soon they will be gone. Then buyers will greatly out number sellers, so we should see the price move up quicker due to the demand.

Talking of Musk and Mars -

https://www.armstrongeconomics.com/humor/dont-cry/

You need to watch until the end.

Thank you Mr Bond, your thoughtfulness is appreciated.

Is 100p a bit of a psychological barrier ?

The zeroes are a barrier, that is why people advertise their house for £499,950 rather than £500,000.

Some people try this, "Offers over £500,000". However, the last time I saw that, they didn't get offers over, they had to reduce the price.

The Ask is now 100p. Could that be a psychological barrier that puts off buyers? When the bid hits 100p, that could trigger some selling, but even if it does, I doubt that any dip will last for long. 120p soon seems a reasonable forecast.

Good finish - up by 8.99%. Could there be more to come tomorrow?

"A Good Morning in America" - Paul Craig Roberts says, "Trump’s victory is not only a defeat for Democrats but also a defeat for the ruling elite that pulls the strings of both political parties and a defeat for the American media that serves as an enforcer for the official narratives that serve the agendas of the elite".

He says, "Trump’s victory is also a victory for the American people who love their country and respect the Constitution. It is their victory over the left-wing intellectuals and university law schools who have been working diligently to overturn the First and Fourth Amendments that are in the way of their revolutionary intentions that are clearly anti-American".

He says, "Trump’s determination and strength are rare".

There is more at -

https://www.paulcraigroberts.org/2024/11/06/a-good-morning-in-america/

No RNS?

Those who bought today picked them up at a bargain price. In a week or possibly two, they will be congratulating themselves on their astute buys.

Anti-Trump propaganda and lies on Wikipedia -

"Pervasive Marxist and far-left activism on Wikipedia laid bare"

https://expose-news.com/2024/10/31/pervasive-marxist-and-far-left-activism-on-wikipedia-laid-bare/

Today gold hit $2,789.

$3,000 is only $211 away.

On 13th February, 2024, the gold price was $1,991. It has risen by $798 in eight and half months, so the jump to $3,000 looks like a small hop rather than leap.

Today gold hit $2,789.

$3,000 is only $211 away.

On 13th February, 2024, the gold price was $1,991. It has risen by $798 in eight and half months, so the jump to $3,000 looks like a small hop rather than leap.

This is sort-of along the lines of your comment BPat890.

Quoting Max Keiser - "The price of a stock, I learned when I was a stockbroker in New York many years ago, half of the price of a stock is determined by the overall market direction, another quarter of the valuation is determined by the sector that that particular company is in, then only twenty-five per cent of a stock's direction is determined by the individual stock itself."