Member Info for ScottyGonzales

https://www.sharesmagazine.co.uk/news/market/LSE20220308125305_4295836/closure-of-wisdomtree-nickel-3x-daily-short

I use wisdomtree 3x daily short for Nasdaq, though fortunately not silly enough to do so on Nickel!
100% loss for any holders of this one... youch!

Feels like this stock hasn't been getting sufficient attention in the current market... I've topped up with another tranche at under 30p once again.
GLA

Haven't been here for a while - joining the party at 14.5p.
GLA

108p entry to 148p exit, +37% in a little over a week.
I think it still represents great value, but this'll do me for now.
If it dips back, I'll be in once again! GLA

Just realised my order filled at 590, nice surprise to find myself back in this party!
More comfortable being in than out.

I know of somebody who did something similar once.

He spotted something the rest of the market had missed, and managed to raise an (extraordinarily large) financing to support his purchase without his wife knowing, courtesy of his business connections.... Talk about high risk!

Turns out his assertion was correct, but a couple of months later he still had to explain to his missus how and why their retirement savings had gone up by 9 figures.

Just checked on a different charting source and the chart looked entirely different, so maybe not... not sure which is right.

Is that a head and shoulders reversal forming?
Look at the chart... First shoulder 12:00, head 13:10, second shoulder 13:40...?
Still not complete ofc (also, not a fantastically effective pattern anyway, but interesting).

From Google:

The number 7 (?, pinyin: qi) in Mandarin sounds like "even" in Mandarin (?, pinyin: qí), so it is a good number for relationships. ... Seven can also be considered an unlucky number since the 7th month (July) is a "ghost month". It also sounds like "to deceive" (?, pinyin: qi) in Mandarin.

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.