Member Info for SteveJones999

Strange day indeed- normally a miss on usa cpi to the downside is positive for gold.

I day trade and also have long term holdings where i don’t day trade- non-day trading and balanced global equitiy based spread across multiple companies and asset classes incl property. My day trading account is a small percentage and provides super fast liquidity to cash to ride out issues like recent tariff and covid. Other call this this a cash pot, which it technically is, but it’s my large isa so tax free and instant access. In my experience, PMs are super high risk and super volatile so ace for day trading.

I trade and have been very success over the past 10years but deep understanding of data and its impact-

i have detailed knowledge across 3 sectors so my trading companies i select are kept very small. can’t predcit rns - this is way more of a coin flip. Each to own and whenever you hold you a stock you are invested.

It’s not a coin flip- understanding data and the its impact is a key tool that swings the odds in the traders favour- it’s not perfect but helps with increasing the odds of success.

Not understanding this, then traders are coin flipping.

it’s not perfect - like the drop today, but generally is good for odds of success improvment.

The biggest mover here will be the q2 prod results/ and that in coin flip- the fact that were no negative rns during Q2 suggest that if prod numbers are lower than target it’s unlikely to be due to a major incident as this would have been reported (although i’m no expert on RNS rules/thresholds ) i’m an economics guy with minimal understanding of mining companies regulations

I meant economy not conmen!

If you follow intra day movements of gold and silver on the SP you can clearly see the direct correlation. You can also see the movements around US data releases which drive FED decision making at keyt points, the same is true for the major US indices. Of course scheduled RNS on results, and unexpected RNS also impact the SP of companies. Rarely do FED operate outside of this, hence when announcements from FED are rarely unexpected- and the gold/silver and indices tend to move on the commentary following the announcements where analysts analyse every word for clues on state of conmen and belief in FEDs decision making now and future

It’s not the only factor- but from a day trader viewpoint this economic data is key - obvs safe trader haven is a pull factor on gold eg look at the nutty uncertainty trump has brought to the table since his second term began

At the moment, higher inflation is bad for gold as lessens the rate cuts likelihood

Monthly US CPi and Ppi input to PCE which the US fed use as a key marker for interest setting, along with wage growth and adp employment figures, and unemployment figures (hence occasional gold movements on weekly initial jobless claims figures for example). Increase above predictions lessens the likelihood on interest rate cuts as these generally cause increased inflation. So lower than expected figures means greater likelihood of rate cuts which is good for gold

US CPI data today and PPI tomorrow - unexpected changes to forecast creates movements on gold and silver

It’s more likely a reaction to silver shooting up dropping back a bit yesterday - surprised the SP stayed up yesterday as intra day movements in silver impact the SP

Being appointed on another BOD as a non exec is a positive- no one appoints a non-exec if they are no good at their job

Old news and the SP was falling today before the RNS

Wouldn’t have thought this was negative- very strange drop today though compared to all the normal drivers for the SP and in comparison to other PMs.

Economic data strong, released 10mins ago- hence the reaction

Trump intervened to stop the likelihood of a black swan event. The pontificating uk pm spouting law and others would have allowed a nuclear warhead programme to continue that would have kept this risk increasing. Trump has mitigated.

They said the same with CEY… bought by Anglo with ace profits- why kill a cash cow when they get so much tax/ zero sense

The warning sign was the COO exit at the end last month.

Still here! Mainly commenting on fres these days- still holding here too- but annoyed no gain today when others did- looking good for gold so should see a march towards barclays, fingers crossed :-).

My divis from barclays have just landed - so check now :-)