Member Info for SteveJones999

My point is not basic understanding of the VIX, it is that is doesn't help retail trading as is milliseconds behind so pointless.

It simply mirrors volatility, down when stock go up and vice versa.

I traded the VIX a while on CFD, but found it impossible to predict with any degree and way too fast moving to not get burned, and couldn't find reasonably predictable data point and markers, with a long enough second timeframe to trade on. It's basically a gamble with 50/50 odds, so no good to me, I need the tables to be in my favour.

I prefer the stock game, and use all my markers and data points developed over time, many of which I've shared here over the years and proved success.

And vix back down-

Just measure volatility - not sure of relevance to CEY. Typically use stocks rise, vix falls and vice versa. Not a valuable indicator, like gold price for example- other divers drive gold.

You do yourself a disservice Paul- I wouldn’t say luck.

When I sold as posted here to be out before the RNS, based of “known info” and I rarely stay in before scheduled RNS, I posted my buy back in on the 123’s and my rationale for doing so.

These sort of strategies don’t work every time of course, but based on probability, works more than it doesn’t and pushing the odds of profit higher.

Play the markets as they work, not how you want them the work :-).

We just get better at managing this in-built trait, and the consequences of this.

Humans will be humans, it was ever thus.

The desire for some to force their own opinions on others for self gain, via religion, power, greed or pleasure, the ultimate competitor- it will NEVER change.

In the title.

Happy weekend all :-)

Yep- relieved seems minor on what's been reported.

Hopefully will de escalate.

As in the title:

https://www.marketwatch.com/economy-politics/calendar

Another financial reason for my buy back in:

Revenue was down about 6.9% but gold sold was down about 17.2%. So this gold gets sold this quarter when the gold price is a fair slug higher.

Bought back in after last nights sell Paul.

My buy price average of 123.8.

My buy was about 4.5% below price last night and the about 1.5% above the lowest price of today.

Worth the gamble for me based on the RNS, and economics/data.

Unfortunately it's always a blind gamble just before a scheduled RNS.

Although this time Horgan did temper expectations on the Q&A section of the webcast.

Good luck all for tomorrow.

I did my usual bail out before a scheduled RNS but will try to hop in first thing if results are strong.

Been hit before on a not so good RNS, so the fear of the loss is greater than annoyance of missing out on a gain (El Prof), this time. Especially as it's been great profits here in recent times.

I still hope for stella results, it's far easier to gauge and go back in on a rising SP, as opposed to heading back in on a drop.

GLA.

Mr Henderson was right once and then wrong.

CEY had better hit target for ounces and so on...

I do recall a "softer" comment though that someone heard from the horses mouth on the the last webcast.

Any updates/view on the Q1 to be RNS released on Thurs?

Barrick news- (trading down about 6% as I type)

https://www.msn.com/en-ca/money/topstories/barrick-s-gold-production-continues-to-trail-estimates/ar-BB1lIlSe

There won’t be any bad news Tony.

If you look at the gold price pump and dump it was well outside the Iran attack so nothing to do with it and it shot up and dropped within a few hours- and 24 hours before the attack which was outside trading hours in any case.

Of course, it is due for tensions, but not inside knowledge of a “known” activity about to happen.

I agree Tony, and Israel risk losing financial support, weapons and so on, as we can see the allies position.

With this Iranian attempt, Israel have clawed back more international support and the "morale" high-ground again potentially. They'd be absolutely thick to retaliate to this, totally thick- but then when did a lack of intelligence stop anyone lol... but I don't they will retaliate.

Of course it went down!

Gold bombed Friday, markets dropped and cey is a stock.

Fortunately Biden and calmed things, else would have been a far worse drop on the open.

More likely to be the Biden response at non-escalation has claimed the markets and gold.

Interesting Prof and Lucky.

Barrick recovered to almost it's day start point after hours.

Crypto has come back a bit more as of now.

Markets marginally gained in last hour of trading (by gain I mean on the low point of the day). And gold marginally higher, and only marginally from the low point.

Will have to wait to see what Monday brings.

Enjoy the weekend and GLA.

Crypto also taken a whack- all on similar time frame as gold and markets in general.