Member Info for SteveJones999

Yep- in the RNS- this one is getting battered way more now other PMs.

The unknown is question is where the bottom is-

anything could happen when geo politics are complex - far easier when just economics

Well i got that wrong- all PMs suffering again… for now…

U.K. PMs all suffering compared to their mined commodities prices so not isolated to edv- although edv still carries the risk as you highlighted.

I would expect a rise tomorrow based on mined commodities prices since close.

Old cey days were far easier as there was no 0.5% tax and the spread was far better!

Quite the opposite Tony- hard to read as ever- gold keeps climbing on geo stuff rather than economic data which is thin on the ground at the moment.

Thanks Tony- who knows for sure, but something doesn’t seem right in this sectors response to record prices.

TA is not something I use- i tend to use events and/or my prediction of events, to trade.

The problem with TA is it’s too unreliable for me and over time has continued to become less reliable as these days and exponentially more so in the future, algos complexity has increased to absorb immediate reaction to events (events that the average investor hears about a few seconds later or outside of their trading hours).

A stock can only go up or down so it’s a 50/50 gamble.

If people believe in charts then that’s ok with me- we are all here to make money.

I prefer events- although an ex CEY successful trader- i have found it harder to make profits on this one, edv and hochs as their low volume often means the spreads are higher and then there’s the damn 0.5% duty :-(.

GLA

Surprising how relatively poorly the sector is in the past week considering the rise in precious metals.

I can only think general rising costs concern is a major factor here plus a belief from the miner investors that gold and other precious metals will drop from highs, this is on the backdrop of the press etc hyping up the price of these metals.

Interesting times.

Major data released at 13:30- ppi included

CPI print mitigated by subsequent post release analysis revealing my seasonality.

Rise/rally will continue.

PPI tomorrow.

GLA

https://www.proactiveinvestors.co.uk/companies/news/1066145/endeavour-mining-shares-are-very-attractively-valued-city-analyst-1066145.html

The problem is not the actual costs themselves, but the way they were released eg lack of convincing mitigation where possible, demonstrable lack of control of the company as this came as a "shock" to those not in know.

With this backdrop, this is the concern in the markets for this.

Having being burnt on the wall issue with CEY, this is why it remains dangerous on all PMs being in overnight prior to a scheduled RNS- you never know what will happen- whereas trading the odds are more in your favour dependant on ones own understanding of complex data points.

GLA, especially for those who got caught- as I said, I did on the CEY wall issue a few years ago, although this was a surprise RNS- but then again got lucky in the surprise RNS of the buy out recently.

This one is harder to trade than CEY was, as than damn 0.5% fee, and due to being low volume, the spread isn't all that great.

Agree with Sotolo- I don’t like the costs, not a good sign.

The RNS made this one worse impacted.

Markets needed something to dump and will buy back soon- the FED had to be hawkish to maintain control on inflation in the impending Trump regieme.

Still unclear on short term gold and silver.

Yes i saw that too- hochs, fres and anglo etc all suffering- not unique to edv- although edv did get that additional whack from the rns which didn’t help

May have a punt before the results Tony and/or earlier if gold starts to show some progress

Hochs or Fres - will miss your 07:00 posts.

I would expect everyone to be fully aware of their own tax implications, if they're not- it's a bit blooming late and should have addressed this ages ago- they've known for over 2 months!

The deal was struck in Sept- share plus cash- shares being the value of the shares when you sell the shares as if you still own CEY stock you now own Anglo and will get the cash also at the amount of the deal announcement.

It's been a lot of fun over the years on this board- enjoyed it a lot- and I enjoyed defending bitcoin and crypto when so many here said it's a busted flush when it dropped to ~13k a couple of years ago.... balance is key,

Good luck to all and see you other boards over time, although am not sure will be quite as much fun as it was here.

:-).

As Tony says- just gold price.

Much of the risk to equities removed with Trump getting elected causing gold etc to take a whack.