Member Info for SteveJones999

And he's so wrong on bitcoin.

https://www.forbes.com/sites/dereksaul/2024/01/17/jpmorgans-jamie-dimon-says-he-wont-talk-about-bitcoin-anymore-after-trashing-it-one-last-time/?sh=2130dec629c1

He needs to wake up and smell the coffee as they say over there:

https://cointelegraph.com/news/btc-price-66k-blackrock-us-banks-bitcoin-etf

Chase CEO Jamie Dimon and billionaire hedge fund founder Ray Dalio admit they got warnings on US economy wrong — for now. High-profile investors and billionaires warned in the past few years that a recession was imminent. But the US economy is performing better than expected, with strong job reports and lower inflation

Completely wrong and so glad I didn't listen to him.

They were all very different in terms of cause.

We are now on an easing cycle about to occur, 4 years away from the first dip since a pandemic in recent history.

US economy in great shape.

I've lost count of the number of times since COVID hit we've supposed to had a crash.

Go with the data.

Events create change not looking back at history.

PCI was I programme I implemented for a FTSE company years ago when compliance was mandated.

Opps typo Mr T- "PPI" - "PCE" is the key only allegedly the FED value most

Of course gold is not a stock but same applies- gold gaps DO NOT ALWAYS GET FILLED.

Regarding CEY- if the first quarter results fall below expectations and other bad news then CEY could well fall below to "fill the gap".

If CPI and PCI rise way higher than expected and other non-supported DATA gets release then gold will drop and "fill the gap" in CEY will occur.

This will have zero to do with it's a gap and therefore will get filled.

It has EVERYTHING to do with the DATA released.

It's really that simple...

Do Stocks Need to Fill Gaps?

Importantly, gaps do not always fill. Traders should never assume that a gap will fill without understanding the reasons for the gap and monitoring trading activity around the gap. Breakaway gaps often do not fill, or fill only partially since the broken support or resistance area serves as resistance or support during gap filling action.

Cut from:

https://centerpointsecurities.com/what-is-a-gap-fill-in-stocks/#:~:text=First%2C%20remember%20that%20gaps%20don,an%20eye%20on%20trading%20volume.

So if the “ What the all time chart currently reveals on gold is that the current upwards move is parabolic and it became that way after spot prices passed $2320 per ounce” then why did you say that gold gaps in the charts always get filled and the fallback is “inevitable” and you always stay out first 2 weeks in April as Cey always falls?

Yes Mr Bond.

China buying gold is also "data".

I push up the links to the US Data as it creates swings directly at points in time that can be traded around- it's a far harder (but agree does impact the medium to long positions) to do this with this "data type".

Geo-political is also a "data type".

All of these has impact at different times- it's complex and depends on your horizons.

One thing is key- events (data) causes change, all the other looking back is just irrelevant noise- of course they can be correct as stocks and assets can only go up or down- but data understanding and watching is the way to improve the odds.

Remember the famous MacMillan quote "Events, dear boy, events"...

Obviously you can see the key data drops and times.

Hotter CPI, PPI will cause gold to reduce, and the opposite is also true- tempered with expectation.

Only you can decide.

Data creates charts and movements- charts simply provide a hindsight reason for the change.

Lol- my partner likes gold and Tiffany jewellery :-(

And if your a volume man, like I know Razor is, check the volume.

I thought it was odd someone buying just over 2,000,000 shares on an ordinary trade this morning...

Happy weekend all- the only downside is though gold necklaces for pressies just got even more expensive lol.

Markets and gold too a dip on FED officials yesterday-

https://www.reuters.com/markets/us/futures-drift-higher-recent-data-bolsters-rate-cut-hopes-2024-04-04/

NFP Data day today

GLA - and happy Friday.

Morgan Stanley want to be the first bank to to fully approve:

https://bitcoinmagazine.com/business/report-morgan-stanley-ubs-bitcoin-etfs-all-clients

Bust through to 2,300 again and back a little...

Good to hear from you Prof :-).

Am not fussed on divi's but I tend to agree with others that any increase would be for the SP- as we are just over 60% institutionally owned and they like divi as part of their investments.

Equally, any increase would also be a great sign that they are "out of the woods" and very clear as they wisely reduced it and didn't increase as of yet until they are sure.

Hehe love it!

117.90 close -

I love the use of inevitable (which I mean sarcastically of course), nothing is inevitable apart from uncertainty, death and taxes.

I prefer probable and trade on probables.

GLA.

Go with the data.

Glad your wife is ok Tony.

You’ll be sitting here for a long time and doing nothing at all of your waiting for gold at 2,170.

(unless there is a radical change in data over the coming months and sudden worldwide peace).

You’ll be missing out on a lot trading opportunities.

That’s the consequence of charts- I recall someone here is still waiting for 97.5 to re-enter.

Gold can only 2 ways like an sp, up or down.

But I prefer data approach to lessen odds. All gaps and charts do is provide people the opportunity to give a reason for past prices.

Charts are “old hat” in this AI driven world- way more complex algos than there used to be.

Hardly awful making about 3% in a day!

IDS is a waste of time- still got my £750 worth I bought when they floated lol.

Never traded them and worth a lot less now lol.