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You’d think it would go up now… hope I’m not wrong…
Aside from trying to trade the peaks and troughs on fundamentals, to state the obvious again, CEY need to deliver actual results ahead of expectation.
Yes, recent results have "met within range", and beaten on AISC (which is why I was surprised as I said on release that I thought the SP raise would have been greater).
However, when you give away so much of your profits, this weighs.
Having said this- look at other PMs, most suffer a similar fate at the moment...
Maybe when the full financials come out and show profit, more of a rise may occur.
Else this moves with markets.
Someone mentioned "divis", well in my view there are lot more "safer" (based on my view of risk) to get a way better divi.
GLA.
Tony- out now for the weekend, modest gain on yesterday- expected more, but a gain's a gain.
Rationale for leaving is I rarely stay in over weekends, and don't see a large rise between now and close of play.
Enjoy the weekend- overall been a good week.
Good weekend All.
Of course but only if unexpected.
Data this week and kept it all in line- mid year cut.
Data this week input into the narrative for next week, this is why this week's data was so important.
10 year will end lower today in my view.
I stand by my previous comment today.
See no reason to sell my buy in yesterday on data release.
Yep PCE down but spends up.
Mid year cut most likely.
See as supportive overall this and yesterday.
Fed done a good job last few years- I said soft landing ages ago when pretty much all analyst were saying all doom and gloom- they got it wrong as per the norm these days.
Look at the data and make your own decisions
Do not follow charts or individual analysts and “experts”
The data yesterday was supportive and was surprised rise was only minor and muted gold response- data drop today as I said on Monday is more key-
Making investment decisions on chart is nuts.
I've proved this so many times on this board.
Each to their own.
I recall a while ago Liberum posted a downgraded when others had the opposite and it did go down, then people posted here they were right, they know their stuff and so on. People will do this until they get it wrong and then they say they haven't a clue lol.
Why? The answer is simple- a stock can only go up or down so a 50% chance of being right or wrong.
This always makes me laugh, how people put so much sway in these people is bonkers- algos and AI algos don't yet daft humans do.
Sold on nice profit, don’t like to stay in overnight and Will see what happens tomorrow when data drops.
Well done all holders here- great daily rise for you, and well done any traders who managed to get in the rise and take a daily profit.
He hinted yesterday that the big lie was a negative and around borrowing Peter to pay Paul on Q1 results for 2024
Of this course this could be a bull trap, so most traders who got in the rise may have exited already, or, some- like me, will have this time adjusted their stop loss to to break even or just above for the day. Example, I got in on the rise, of course missed the sudden jump, but now profit is over 2% so simply put a S/L into 2% less than the current SP so if it does indeed drop back, the S/L will kick in and I'll make 0.5 % but will protect against any bull trap.... I haven't gone short for years since getting stung on a gold short CFD where I watched my money drain in a few horrible minutes!
Alas, I'd be surprised if any "short traders" got burnt as they would most likely day trade and not leave overnight. For the same reason long ones don't leave overnight (like me).
I agree it’s appalling - but again, as I always say, the system is the system, work within it to make money. Knowing the system is the best way. When the system adjusts, adjust- if personal views differ from the system doesn’t bother me. I’m not here to be “right”… just want to make money - of course I have my principles, but if I listened to them all I’d have fook all and be living in a hut and freezing to death lol
Double checking- Hochs and fres release their prod RNS which we’re both positive- so all being equal most likely cause here at mo is the PROVEN… I could of course be wrong .
Anyway it’s good news- with miners releasing good RNS this always helps
Miners in general have taken a completed battering over last month - be interesting to see why barrick open at this pm…
Unlikely-
Fres and Hochs only a fraction behind today.
Proven is better than probable though so was happy to go back in earlier on this.
Happy that all things are rising.
EVERYTHING is green on my dashboard, even cryptos which have a hassle a tough week.
S and P is simply bonkers…. Results keep pushing higher- not that long ago all the “experts” were predicting a crash as it went the other way lol
. Also miners getting boost - eu is thinking of banning some imports of Russian aluminium, just alu , for now…. But could be halo effect
Proven far better than probable Tony
Nope you are correct