RE: Time for Cineworld PI shareholders should increase their positions29 Jul 2020 15:03
@indepthwins
You're that kind of person that does not believe that anything is possible. We're leaving in very volatile times where
everything is actually possible. For example: The Gold Futures hit $2,000 an ounce few days ago.
On the evening of th 27th July, I had placed an order to short the gold from £1,990
£38 a point on the Gold Future to drop from around $1990 once it hit the psycological level of $2,000 ounce. Guess What ?
I made £1,900 profit in an instant once the news came out on Reuters at 3:49am of the 28th July that the Chinese had seen a drop in their gold usage by almost 40% and that they have been selling their gold at $30 discount of the gold market prices as their consumers were not buying the gold anymore due to its high prices putting them off purchases of jewellery, notwithstanding that every hedge fund was saying on that the gold prices were heading for $2,300 per ounce within matter of days. The reality was that anything is possible and you're stuck with the same old broken record playing the same Doom & Gloom tune when the cine share are falling to lower levels.