Member Info for SteveJones999

Well, the higher gold goes and greater the value of a small percent drop…

In the title.

GLA.

I have to say, and self congratulate lol, when I said when we were not quite at the lowest point in the dip in stocks a few weeks ago was overdone, when many predicted further to go. And in the reason I stated eg talks of recession in US by many were not correct based in all the data.

Always trust your own judgement and READ all the data that’s relevant to your position and strategy.

The US deficit is helping gold

Same could be said for most PMs alas

Not looked at the link Mr T, but everything works at some point- the prob is always, knowing when!

Have a good weekend all.

Gold at approx 2,489 yet PMs not responding... yet.

As indices are lower today.

GLA

In the title.

GLA.

In the title.

GLA.

There is nothing to stop investors checking everything themselves these days- the key is clearly to understand the companies you want to invest in first and do detailed research.

Part of this is the drivers for this eg mainly gold in this case, and then the drivers for the key drivers and so on- US FED / economy is therefore dominating driver, not withstanding the company itself (eg remember the wall issue).

What has been very good has in the this current world, has been the availability of data, and this has driven down the costs/fees of FA's and funds- I'd far sooner have this world than the old one, where these fees were hire, and this was all seen as a "black art".

AI, of course, has negatives but the positives far outway- for example my partners mother recently parted, and she was a joint will executor- her sister got a solicitor quote to do probate an it was £12k- my partner used AI engine and did it herself- at a cost of £80.

The increasing of use of AI algos these days causes more violent dips and spikes.

I think this type of whipsawing with amplify over the near future.

Yep like I always have banged on about the last few years, - it’s all about the data!

I just post what I see and you instantly come back with insults- you really need to grow up Mr T

No I just post what I do - you just hindsight trade so clearly it’s you that is bent on accolades and a needy attention seeker

I also post when I get it wrong

Yes I saw that Sotolo well done

And I was one of them hence my posts before the event and during the event.

Be nice if you could post before the event on your decisions.

Markets in US stayed GREEN last night and ASIA broadly followed especially the NIKKEI which went bonkers for a while, so far today rises, USA futures GREEN too as I type.

GLA.

Well was I correct in saying big drop move overdone for the reasons I posted?

Will be a better indicator for if today’s rally remains into the close.

It’s is a very big number- as the data shows mixed on recession and I don’t think points to one- this is why I think overreaction- look all the data makers

Trade on the data- I don’t see a 10% drop from here- still maintain overdone- there are many markers that simply don’t point to usa recession which it what this drop is all about