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I've bought a tranche for the missus.
She always gets the best entry point, since I only buy for her when things are well and truely potty!
Someone sold at 2.95p... followed by a 30% rise over the next 8 minutes. Mad markets.
Just bought a second tranche at 7.2p
Might be one for the drawer
Been on the sidelines since 15p, but just bought a tranche for under 7p. Bit of a high risk punt.
GLA
11.5% seems like a decent enough rise for the day to me
Just sold my holding, though I think it still represents great value.
Will re-join the party if it drops back
GLA
Back in to join the party at 108p
The resitance levels for gold that I'm looking at are around 1918 and 1965.
We broke down through 1965 yesterday which was the first sign of a potential fall, then broke down through 1918 quickly also. Hit our heads against this ceiling this morning and bounced back down, but still haven't broken up through it.
I suspect gold will find some traction and fly again at some point, but at 108p this feels heavily derisked
Yeah, I noticed gold had slipped below resistance before I sold, but also FOMO was settling in as the primary reason to hold on... I've noticed that FOMO is rarely a lucrative reason to be holding a stock!
Another strong day for Fres.
This'll do me for the day I think - just sold my holding for now, but will be back again if it dips.
GLA
16% - that'll do me for the day.
Will buy again if it drops back
GLA
Looks like HOC is finally getting noticed! Not a bad start.
If you want indirect leverage on a rising gold price, the best way to access that is via a high cost gold miner.
If the price of gold suddenly dipped 15% in a day before rising up to 10% above where it started, then a 10x leveraged position on gold itself would have lost all on the drop down.
A high cost gold miner making only 10% margin however can weather these short term storms, and would result in it's margin roughly doubling for the period.
FWIW, I understood your points exactly, and found your posts very balanced.
Cheers
Continuing to increase my position, it's much more attractive at these prices.
If downside is halved and upside is doubled, reward/risk increases 4x
Exceeded the 2.4p target, back in at 2.3p.
GLA
Took most of the week, but we're almost there
Is the beast finally awakening?
Long overdue!
One of those times where I'm actually wishing the price wouldn't rise, since I wanted to buy more at 70p in the coming days!
Gold has just popped back above where I believe resistance is, 1860 (it had dropped below it after initial positive Russia reports).
Hopefully this will mean the wind will be back in our sails once again.
Gold has just popped back above where I believe resistance is, 1860 (it had dropped below it after initial positive Russia reports).
Hopefully this will mean the wind is back in our sails here.
Does anybody chart here?
Annoyingly, my usual chart providers don't seem to cover this one.
I can see from the Google chart alone that it looks interesting - may wait for a bit more of a drop then join the party.