Member Info for RichTheNewbie

Woops that's 5 months out of date! Although I suppose that doesn't matter as you can bet some banks are still at it.

Gold price up and down like a yoyo, whilst news of yet another bank being fined for rigging the precious metals markets is released:
https://www.cbc.ca/news/business/scotiabank-spoofing-fine-1.5692117

And one still selling too imo. Changing of the guard progressing nicely ;) Tick tock until clear air.

To be honest TBT, I think that could be a bit just a coincidence, gold was about to break out of a bullish descending wedge pattern, and the dollar tanked. So those two things combining at the same time was a good mix for a significant jump in gold regardless of the reddit ******s ;)

Looking through the trade feed there's actually quite a lot of buying going through, in large chunks, at around 30.5p
Imo, we've got at least one II in the market loading up at the moment, going relatively under the radar.

Seems like a good excuse to give them a friendly nudge towards the important things :)

sense=send
(if only I remembered to typo-check my posts before clicking send I'd probably have a quarter of the post-count!)

And someone's put in a trade of 1 share which is supposed to mean there's an RNS imminent (not that I believe that crazy codes nonsense). Still, we are overdue, so could easily come tomorrow anyway, and sense the tea leaf believers into a frenzy ;)

305,000 in one lump there. Someone's taking a nice chunk of these at the bottom of the trend....

Think some of us were discussing EUA previously as an overvalued POS....well it looks like the bubble has popped today!

If the share price is going up significantly, and thereby enriching the CEO at the same time as me, then I'm perfectly fine with that ;)
(after all.....they do all the work and I just have to click buy/sell :p)

(obviously that's if the price isn't sky-high already : the more you buy back whilst there's a big risk discount the higher the rewards later)

Makes two of us tones.
Once they're throwing off so much cash they can't use elsewhere - then I'd be in favour of dividends (or suchlike).
Although actually I still prefer buybacks rather than dividends. So the cash never really leaves the business, and essentially compounds the gains of future success, thereby increasing the potential rewards for holding.

Slickharry - the currency difference does have an impact but it's pretty meaningless in comparison to the gold price rise. So the dollar heading south, will have pushed costs up a bit, but at the same time has pushed the gold price up far more, so it's a massive net gain, and the more the dollar falls the better.

feynzz: In my opinion only, if you look at the graph I posted a moment ago, HUM actually has been making progress, in it's share price over the past year and a half. Equally - you could say it's just risen with the gold price.
However if you also factor in the share has had significant profit taking from various funds, and still risen, you could argue that the market is now gradually giving it credit. It's been going forwards but not as fast as it could with the II brakes off. Sooner or later that will happen (all other things being equal).

I should be clear, no stock is guaranteed to rise, and SC could easily be selling, as could any other II.
Equally, there have been plenty of large buys reported in recent days (on some days I think it would appear they outweigh the sells), and could well be an II or two loading up whilst another sells. Ultimately you can't really tell with any certainty what's going on due to how things can be reported.
You might think, if you wanted to help a large seller exit, what would be more likely to facilitate that, a declining SP with declining volume, or rising confidence and a steady uptrend with increasing volume. If you're dealing with both a large seller and buyer (or more) you might want a series of uptrends and downtrends.
I think it's fair to say Sustainable Capital have been very careful with their selling in the past and looking back at all their TR-1's from this year they've basically only sold anything when it's risen above 30p:
https://www.tradingview.com/x/ZTZHc33I/

They've got less than 5% left now too which is good.

All I'll say is I regularly see this sort of comment towards the bottom of a share price fall.

The market makers know they can control PI's emotions by moving the price up or down a bit. If you realise this it's quite useful and it's usually quite a good time to buy when you start to hear this sort of thing.

In fact that's what I exploited earlier in the year when I bought back into SNG at 35p (having previously taken my profit from the 6p buys) before it rocketed to 200p shortly after.

It's a side effect of decisions based on share price movements rather than the fundamentals (and "technical analysis" aka "largely nonsense"). There's a lot of that these days, and it mean rises can go far higher than they should, and pullbacks/dips far lower than they should. It can be both annoying and present golden (pardon the pun) opportunities.

-balance

Impossible to tell from the trading. There've been plenty of buys and plenty of sells.
The balance difference between the buys and sells is probably worth less than your average family car ;)
Looks like just a good excuse to move it down a bit and fleece a few PI's :p

TBT - good tip by the way (got a bit distracted with COVID obviously and hadn't said thanks yet).

I normally don't like cross-promotion on these boards but understand why you did in the AAZ case (and was even enough for me to take a very small spread long on - pending looking into it in more detail - in case the price escalated before I finished deliberating...which it turns out was a good idea!).