Member Info for SteveJones999

I'd listen to you more Lucky if you didn't think a falling USD meant gold would also fall.

Results day is always a bit odd Prof- seen days when it opens up, stays up and increases, does the reverse, and seesaws in between... the results look good, especially for q1 here.

Agree with the analysis here- don't quite understand the the opex/capex swap bit, but good result, especially as this is normally a poor quarter which it is not.

Gold rose 20usd when you said peak was in, so peak was not in- anyone who bet on this is losing or has lost if their stop loss got hit(I hope you didn’t follow your own analysis). I will watch to see if gold gets to 2008 by midday (as you said morning tomorrow) and from midday I will see if it drops from there on…. You have not stayed at what point the drop will cease so I expect to see a continual drop… time will tell…

What you’re now saying is that unless gold breaks 2008 it will be down- well of course that’s the most likely scenario because else for you to be wrong gold would have to be in a very narrow range of 1995 to 2008… pretty pointless

At 09:59 this morning Tony you said “
No longer with gaps but the peak in gold is in for the time being”, gold is now 1995 and was 1997 so peak
Gold was not in.

Volatility is good- the higher the gold price is the greater impact the same % has on the number- it’s a bit like time flies faster when you’re older alas- as the same time is less of a % of the time you’ve been around lol. Plus the older I get the earlier I wake up- nature’s subtle reminder than the older you get, the less time you’ve left on the planet lol

Lucky- if usd goes down gold goes up and vice versa. In my view you have this the wrong way round

Hard to tell Dasut- holding before a scheduled RNS is always a gamble here. SP holding quite well, considering gold.
GLA.

Yep LuckyLuciano- they've a tight, aggressive timeframe and target.

Thanks for the heads-up ElProfessor, will do and won't engage further.

LuckyLuciano- I think it's highly unlikely they'll pause then raise again, not impossible, but highly, highly unlikely, and will be seen of a U-turn and cause massive issues for them. As I posted Friday- the FED remain hawkish (for now!), that's why gold moved from it's highs. Some (Waller(The Guvnor) and co, what I mentioned yesterday), still remain hawkish. 25 is pretty much nailed on (bit of course could change), the markets, like me(based on data), think inflation is under control, hence the pullback was not continuous for days. The most likely outcome is 25bps, then pause, then drop- this is the top and drop I've been banging on about for a year now- just expected it sooner- but with GOLD has been a good strategy here.

Shame I'm filtered by Bushy, my trading will doubtless suffer from his amazing insight and analytical rationale to explain and back up his comments.
Shame he won't be able to read and respond to this post as I'm filtered- but judging by his last few comments, his ability to read a post correctly is seriously lacking.
GLA.

Unless Bushy, your real name is Bruce Ikemizu, in which case I stand by statement of you being a classic hindsight analyst

No idea what you’re on about Bushy- have you been on the sauce?

Funny how they didn't say earlier today "there will be a necessary drop..." more "hindsight", after the event analyst comments lol (and to think they paid for this nonsense :-).

Thanks Bushy- I'm just questioning why no chartist posted at about 10:00 on Friday when the SP was ~114.5, but waited until this morning, that's all.
I posted my rationale for my exit at the time on Friday when the SP was ~112.5 on Friday @13:53.
As I say- I like to see rationale at THE point in time...

No worries Lucky- posts aren't as good as face-to-face chat :-)- I am not trying to be difficult, simply like to understand where people come from, this is how I learn.

My view remains to wait- gold dropped Friday due to the reasons I posted before I exited Friday. Additionally, due to FED Guv, Waller, stating more tightening required, more than markets think... 25bps remains on for 3rd May. Some think may not be enough, but I'm more dovish, than this and think inflation will continue to drop faster than FED think... time will tell, and with more FED chat this week from people, will wait and see... FED remain hawkish at mo, which makes me remain on the sidelines until others leak info, amongst other data out this week.

Of course, I'm not pretending to impose my will on anyone either- take or leave it, but I just provide info, and back it with why I think this. People can ignore it, or read it, but at least they know why I say what I say- that's all :-).

Precisely my point- you both have not said why- so how can anyone rationalise it or take anything from it- I said Man City won't win the title, John down the road said the same- and this is of no use to anyone.
If John down the road and I both added "this is because I have just come from the training ground and Haaland, Grealish, Mahrez, Debryne all have a mystery illness and will be in quarantine for the next 6months"... then this info would provide a rationale as to why John and I think this :-)

No worries, but why not just state your technical analysis and view- it's you that says "sell signal"... I would like to know why YOU interpret this way that's all.