Member Info for SteveJones999

He hinted yesterday that the big lie was a negative and around borrowing Peter to pay Paul on Q1 results for 2024

Of this course this could be a bull trap, so most traders who got in the rise may have exited already, or, some- like me, will have this time adjusted their stop loss to to break even or just above for the day. Example, I got in on the rise, of course missed the sudden jump, but now profit is over 2% so simply put a S/L into 2% less than the current SP so if it does indeed drop back, the S/L will kick in and I'll make 0.5 % but will protect against any bull trap.... I haven't gone short for years since getting stung on a gold short CFD where I watched my money drain in a few horrible minutes!

Alas, I'd be surprised if any "short traders" got burnt as they would most likely day trade and not leave overnight. For the same reason long ones don't leave overnight (like me).

I agree it’s appalling - but again, as I always say, the system is the system, work within it to make money. Knowing the system is the best way. When the system adjusts, adjust- if personal views differ from the system doesn’t bother me. I’m not here to be “right”… just want to make money - of course I have my principles, but if I listened to them all I’d have fook all and be living in a hut and freezing to death lol

Double checking- Hochs and fres release their prod RNS which we’re both positive- so all being equal most likely cause here at mo is the PROVEN… I could of course be wrong .

Anyway it’s good news- with miners releasing good RNS this always helps

Miners in general have taken a completed battering over last month - be interesting to see why barrick open at this pm…

Unlikely-

Fres and Hochs only a fraction behind today.

Proven is better than probable though so was happy to go back in earlier on this.

Happy that all things are rising.

EVERYTHING is green on my dashboard, even cryptos which have a hassle a tough week.

S and P is simply bonkers…. Results keep pushing higher- not that long ago all the “experts” were predicting a crash as it went the other way lol

. Also miners getting boost - eu is thinking of banning some imports of Russian aluminium, just alu , for now…. But could be halo effect

Proven far better than probable Tony

Nope you are correct

Fres, hochs etc also a big jump albeit not quite as large but nonetheless a big jump

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

Thurs key day this week and then Friday which is even more key.

Did expect a bigger gain on Thurs RNS- but this is why I trade it- not many RNS in a year but shed loads of data movements points...

Yes.

Waiting for the next key data.

As you know I use S/L and T/P to trade and follow my trading strategy.

Blimey, this has been the case for years and years and years! More clickbait

What’s gold priced in?

There’s your answer …

Https://im-mining.com/2024/01/19/capital-in-line-for-another-five-years-of-drilling-at-centamins-sukari/

Yep- economics move things...

In the title:

https://www.standard.co.uk/business/ftse-100-19-january-retail-sales-deliveroo-dfs-4imprint-mortgage-interest-rates-inflation-bank-of-england-b1133370.html

If there’s any proof anyone needs that this is a great trading stock- today is more proof.

Trade it, don’t hold- no stamp duty and use economic indicators to trade it.

I’m the title:

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

Bit of a muted reaction so far (but the day is young), high price so far of 93.25, would expect this to go higher- esp as FTSE and gold stopped sliding for now.

Imagine if the results had been bad!

M Henderson- you were correct for the second time :-).