Member Info for SteveJones999

Gotta love Elon, he's has the money and balls to disrupt-

Thanks Mr T. It was as easy as following a chart we'd all be billionaires...
Bullionvault, like all, are wrong too. Not saying that they are wrong this time, we never know. I think I've posted this before, but just in case- I split my investments, my main pension being "actively managed" by a company. Last year at the big issue with COVID ~March2020, it dropped ~28% in about a week as deemed as "high risk" being global equity based(with only a very small part being UK, due to the brexit risk). I was freaking out naturally as there's a lot in there, or there was. I thought about swapping out to bonds/cash to protect but didn't catch it, and was concerned about what prices I would get, as these funds with their manage can take a while to go through. I then had a choice, leave where it was or swap to prevent losing more. Many at the time were predicting more doom, before any uptick. I held where it was. As of now it's up ~52% from where it was at that low, a gain of ~13% from it's previous high just before the COVID drop off (sounds mad but as I've said before, strong listed companies will take over where sadly small unlisted will fail, along with massive stimulus and protection for companies to be able to bounce back- again people said look at 2008, ignoring 2008 as a bank issue which was always going to take years to resolve, so how could this ever be a comparator? Sure a recession, but unlike others). Since the drop off, there were several blips, eg June, Oct and many slight blips along the way, and I lost count of the experts, chartists etc. saying "crisis, markets will correct, any dip on it's way" etc etc. I just held, ignoring all their advice, despite having clawed back some losses. Having checked what funds and what was in those funds where my high risk was invested- I trusted my "active manager". Many Active management companies have had a bad name as fees are deemed high compared to other funds- my view has always been I don't care what the fee is, am just interested in net % gain only. Had I listened to all the doom-sayers since ~April2020, I'd be jumping off a cliff by now, having missed out on the recovery, and stuck with a massive loss. I'm not saying that this is right for everyone, and we all make our own choices, but I take all analyst views with a pinch of salt- they regularly change their minds day to day, the info we get in the public domain is often vital seconds, minutes or longer out of date.
On charts, Algo's rule, and in my view learn exponentially quicker, so patterns, especially patterns from a while ago tend to be less relevant and will continue to be so- algo's work on multiple factors these days.
As you said the other day, it's a 50/50 flip each time we trade. I avoid companies without strong fundamentals. I keep my fingers crossed for the future.
Why do I hold CEY in my own managed investments? Well, based on fundamentals, plan to resolve recent issues that pulled down price, potential for future expansion etc

https://www.investopedia.com/terms/d/deathcross.asp
A death cross is a death cross, but doesn't always cause the same doom event to occur. Bit like every other pattern, that is a pattern until the pattern changes and then in hindsight is now the new pattern...
Algo's are now more complex, and the complexity is increasing exponentially.

Company SP defined on futures. The whacks in Oct20 displayed this, since then, pretty much in line with gold and other PMs- with the odd nuance, no one likes to see a major mine issue, reduced production. Gold is finite and expansion hard to find and secure, new permits secured will make this more enticing for investors and other companies- as will the securing of the primary asset, Sukari. If you believe in the CEO and recent webcasts, the future is very promising- back up to where is was in future years with Sukari, with correct mining procedures this time, and a great cost reduction plan. Cash not an issue which makes this all achievable. The new permits are likely to be in familiar areas by rumoured accounts, and it's not like CEY don't know how to mine in Egypt and deal with officials. The USA stimulus seems to be taking an age, and we don't know how much is baked in gold, on balance, now is not the time to bail here, as the probability is skewed strong in favour here. Of course, I could be wrong.

Agree- gold on the move... right direction...

Am hopefully that the delays in negotiations for us are due to us going for deserved improved deal on allocations

Thanks Siko, will take a look at the links shortly- your info is most appreciated.

Good to see an institution buying up when one sold.

Thanks Supercharger and couldn't agree more on all points!

Saw this too- mid morning :-)

What time was trade and presumably a single sell?

Slight miss on NFP

Yep, but that's how the world of the markets work...

Well they are better than than the predictions

Gone through that already to ~1885, but back to 1891, so you could be right... US equities rule...

Traditionally not liked by gold, hence the short pullback:

Friday is NFP which will impact further one way or other in the short term.

Initial Jobless Claims Decline To 779,000
The U.S. has just provided Initial Jobless Claims and Continuing Jobless Claims reports. The Initial Jobless Claims report indicated that 779,000 Americans filed for unemployment benefits in a week. Analysts expected Initial Jobless Claims of 830,000. Meanwhile, Continuing Jobless Claims decreased from 4.79 million to 4.59 million compared to analyst consensus of 4.7 million.

Yesterday, ADP Employment Change report showed that private businesses hired 174,000 workers in January. The recent employment reports highlighted the recovery in the job market which should provide additional support to the stock market.

And agree here Siko- please continue it is much appreciated :-)

Nope it was gamestop and silver- u could clearly see it was reddit etc. it’s so visibly true. It will be short lived phenomenon, as many will have lost a lot- some commentators said it wasn’t amount money but sticking to the man- well this is ok if people are loaded, but the most of those that piled in would be in to make money and got burned big time. I’ve traded crypto for years and this happened/happens all the time but purely for money, no “ethics” there lol. Of course, it’s easier for reddit effect on tiny companies, but people are now away of the fact that they are simply transferring money to one another -
win because someone else just lost

Disappointed we're not gaining more but patience is key- gamestop, looks like as per the article I posted Saturday, the lemmings are jumping off the cliff

Let's hope so :-).