Member Info for SteveJones999

Awww, sorry to see you go Muppet RSI- your incredible insight will be sorely missed :-)

In the title.

Tell that to "Master RSI" , maybe he should be called "Muppet RSI"...

Muppet RSI- I have 2 parents and was born in wedlock, so that's something else to add to your extensive "got it wrong list".

Everything I wrote is fact and can be checked as such.
In that post you also promoted "STRONG BUY", well you even got that wrong.
Tell us the last support NOW, (not in a week's time), tell us the NEXT support it will go down to at that point), again tell us NOW, not after the event. Then we can measure you, as you seem to have such an ego you love you post your predictions - although hindsight ones lol.
Instead of constantly listening to your hindsight posts.

Lol- you do make laugh.
When the price rose ~2weeks you posted DAILY on your +~1, +~2, +% etc etc , displaying how you were right. But when the price started to go down you didn't post anything., where were the daily updates in the same way showing all the superseding days you were wrong?
At 108 SP, when it dropped to 106.85 you said """...and start again on the way up.... Gold price on the rise - XAU/USD $1,885.30 +11.49 +0.61%, which will further help on the UPtrend."""
So you said it will go up from 106.85, this is the price when you posted this and it's on your post as time and price stamp automatically by the board. (Well, we can clearly see that the SP is still well below that!).
Then we hear nothing. The DAILY updates showing how right you were are no longer there as the price kept going down DAILY, so instead of showing how wrong you were with the losses eg ~minus 2, minus 3 etc., you simply don't post anything. Now, of you claim that this is because of the chart timeframe!
So, the way you work is clear, if the SP increase DAILY, you historically claim you timeframe was DAILY, and when it drops DAILY you say nothing and claim that the timeframe is sometime in the future. So if the SP goes to say 110 at the close today you will claim tomorrow that the uptrend was 10days and not a DAILY one.
Wow- what a genius- laughable!
You are a joke.

Exactly my point- everyone interprets the charts they way they wish and then claim they were right- but charts are fact as in the past- they are completely useless at predicting the future as you have proved- there is a 50% chance of a stock going up or down- chartists use what ever timeframe they want to make sure it fits what they said- AFTER the event

All chartists do to is sucker more newbies into trading and trading cfd's into stocks, commodities and crypto to provide more cash to transfer out of their pockets and generate more clicks for them

It's irrelevant.
As for the signalling the top, but still there is an uptrend is then explained "you see i was i was right" should the 108 get exceeded at any time in future whether it it be an hour, day, week, year and so on- so again pointless- you may as well flip a coin. it's like "support line is x" then when it's broken a statement is made new support line is "y" so support is support until support is no more- again
pointless - patterns are frequently justified by different timeframes in charts - eg when
uptrend is clearly downtrend , chartist just go to a different timeframe to suit the narrative- pointless. Years ago autotrading systems may have used them
in some way by today's algos are way more sophisticated than this, so again the charts we see are pointless

The UT is irrelevant Master RSI- and forgive me for being sceptical on the charts, but what happened when you posted a week ago when you posted when the SP reached 108.10 "Lovely opening on the share price up to 108.10p. but had to go back to yesterday's closing spread and start again on the way up.
Gold price on the rise - XAU/USD $1,885.30 +11.49 +0.61%, which will further help on the UPtrend."
Where was the ~10% drop to the low point today in the charts?

I don't think it works like that Tony:
14Nov22 = gold @~1780. CEY @106 and so on.

As i said- if the data released in the usa this week supports the drivers for gold it will rise and so will cey- and the opposite of course - nothing to do
with charts- they simply provide a rationale was occurred not will occur

Jeeze- of course it is! it only moves when key data points make it move - there are more this week which will make it move and it will only go down if the data released provides fuel to its negative drivers, and only go up if the data release provides fuel to its positive drivers

Sotolo- CEY is a great trading stock. For me, there are lower risk, better performing stocks available for dividend strategies and mining stocks too risky for dividend reliance for me, but each to their own. Dividends can be axed anytime, and then you're stuck with a low capital pot in this case. The mining stocks have a big risk of negative high impact news (those holding have had quite a few nasty "07:00 RNS wake up calls" over the years.). 50% profit loss is way more than any benefits gleaned back eg corporation tax, and remains a a great deal for Egypt. Comparing other miners depends on which ones you pick. As a trading stock, however, it's highly volatile and no stamp duty, and has core drivers, gold and stock markets which in turn are driven by economic factors moved on daily data so good. If you bought in 10 years ago for example you would have been OK (although poor compared to the s and p 500, property, many others stocks and other lower risk investments). If you cherry pick other timeframes for example… 13 years ago bad, 2.5 years dire... so depends which timeframe you pick- as this share is so volatile. Also, as a UK tax payer, I get whacked with tax on any dividends I receive too, unless in SIPP of ISA of course...

It's already been said, but the biggest problem I see with buying CEY, even if I could reduce the cost via economies of scale etc- why would I buy, when I have to give half my profits away, when mining is so risky, and the environment so volatile?
Record inflation in Egypt as below won't help...
https://www.reuters.com/world/africa/egypts-headline-inflation-increased-258-january-capmas-2023-02-09/

However, past month: Gold down, CEY down ~15%, FRES down ~13%, Hochs down ~17% (all UK listed- UK indices have been increasing). Newmont down ~8%, Barrick down ~5%.

The key common driver here is that despite Jerome seeing inflation "top and drop", his hawkish tones and actions remain... for now...

I agree though, Mr T- this share is frustrating as when it falls, it falls, and intraday seems to fall when gold falls, then only stabilise when gold rises, but then falls again... so if intraday gold end to end is flat, CEY falls...

The last time CEY was at this price, ~103, gold was @~1740(yep, about 140 less than now)- this why I always debunk the "if gold is "x", and CEY mine "y oz", based on the costs of "n" the SP will be "z"---- things just NEVER work this way.

Mr T- one of the key drivers for any m&a is to able at a minimum do the same for less- so they would have a lower aisc of this element on any takeover

Come on Sotolo- you know any company take-over is way, way, way more complex than that- many more levers.

No- just helps him maintain his slightly hawkish, cautious tone to stop the markets running away with themselves and causing any interruption to the dropping of inflation

In the title

For any bounce or drop there's needs to be a reason and not a chart says so- the amount of times i hear "gap filled", "it's on the..." and so- gold can only go up or down so of course it's right from time to time - but it's events that create the moves, and these ever ya are reflected in the charts - trading on data points and markers gives the best chance- eg dump of the stella NFP Friday for example. I've said this so many times over the years- equally RNS cause moves- the rest eg endless speculation outside of this, twitter birds etc does **** all to the SP. Mining stocks are so linked to their commodities that sentiment also plays a big part

Yep alas, the blot on my portfolio this week- gained like a Japanese train, that has now been taken over by a UK train alas.