Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Still a long way to drop yet for your "always drops first 2 weeks of April" statement Tony.
Needs to drop sub 115- time will tell/
My avg sell price since 13:30 drop was 124.6.
This is why I follow the data and not the "this always happens....." method.
Awaiting re-entry point.
Market responded accordingly alas.
Let's see what commentary says...
Blimey Goldgnome- sounds very familiar, someone who agrees with me!
I’ve posted on here before- and use some of this all the time.
For example, as part of my decision making whether to drop out the day before an RNS or close of play, I always asks myself the final question “is the fear of the loss greater than the fear of missing the gain?” (You can of course try to jump in first thing next trading day, but u often miss the first few seconds “jump gain/opening price”)- I’ve posted this exact l same thing before!
I’ve also posted “trade the price” eg I never think the price is looking toppy, just cos it’s risen recently or some historical chart says so and so on- trade purely on data points , the price is the price.
Chart traders(people who like control and constantly look for ways and comfort in convincing themselves they can control and uncontrollable) of course can’t do this/ they keep looking back which is why most retail traders fail. Equally some people hold a stock simply as they’ve held for years and cannot sell as they are fearful of the stock they held unsuccessfully for years rising if they dumped it and they’ll regret(this will sound very familiar to some on this forum). I think that they probably treat other things in life the same way and need to learn to let go and move on but their personality and irrationally prevents them from doing so). Some who finally make the monumental decision to dump the stock after years can’t stop watching it even though if they’re not invested and the value to them financially is zero and they should move on and spend their efforts on something that actually impacts them positively financially).They gain solace if it goes down (phew glad I sold it) or (damn why did I sell it!)- but either way it has made zero difference as they don’t have the stock anymore- let it go.
As for sport- this is so true- I have played many sports and the better you do the more pressure you apply to yourself to “not screw up” your position / lead, and sometimes muck it up. And when mucked up freedom hits and you play better- of course sometimes the pressure makes you play better and you win- but as I’m no professional sportsman I have learned to accept that sometimes pressure makes me muck it up and sometimes makes me win- there’s no reason I can put my finger on. A putter sometimes misses a putt and then says I’ve missed it cos I was too quick and didn’t concentrate enough- but then on the next hole will concentrate and miss the putt then miss it and then say it was because they over concentrated and needed to let natural flow work-
So funny to watch!
Happy trading :-).
TornadoTony,
This is just old school thinking and not the case over the recent past-
Same myth that crypto and gold can’t rise togther.
Markets, gold and crypto all seen great rises.
The proof is there for all to see.
The world changes exponentially these days and old school thinking doesn’t work.
In economic measurement and decision making terms for the key decision makers, less than 2 weeks ago data is deemed up to date.
The facts state otherwise .
https://www.reuters.com/markets/us/us-fourth-quarter-growth-revised-up-weekly-jobless-claims-fall-2024-03-28/#:~:text=The%20economy%20is%20growing%20faster,are%20around%20a%202.0%25%20pace.
https://www.reuters.com/markets/us/us-fourth-quarter-economic-growth-handily-beats-expectations-2024-01-25/
I much prefer Powell's approach as being DATA led.
Economists are wrong and right, just like a stock and everything else which can go up or down- so I would say that all economists will be right at some point and also wrong at some point.
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.