Member Info for SteveJones999

Agrrrh- without typos…
Hawkish fed yet markets rise and so does gold and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not the economy…

Hawkish fed yet markets rise and so does Rolf and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not eh economy…

Who were those big buyers after the close yesterday ?

Lol Razor!

POLY had a couple too- not as significant as SP far higher as a %- but maybe someone is expecting a gold surge when the FED speak later? Who knows........

Gold could well move a lot this evening

Nope- most PMs the same- Vitaly over at POLY flagged rising costs in Jan2021 and Aug2021 and SP took a whack both times- CEY latest RNS said same but also other info on Sukari which added an additional SP downside for obvious reasons.
SP's responded to the usual generic markers that other companies do, with the addition of gold price. Sentiment on gold and intra-day movements in gold get the SP to where it is...

I don’t agree- 1)for day traders was ideal for a short 2)comparing the absolute gold price isn't always a good idea, intra-day moves and sentiment impact the SP here. I’m not a long term holder but have bought and sold for many years- the update had high aisc and way too long a time frame which impacts the aisc - most were expecting a far quicker and less expensive recovery on Sukari alone. We can all write what would have been a fantastic update- but sadly this was not.

It’s down here due to the 8th Dec- and gold (look at most PMs)… simple as that.

Looks like the same article I’ve read before

Yuk- this one is £8,890- 3 year cam belt service plus corrosion, and lots of pipes and other parts - yuk

Lol! I’ve just purchased an air chamber for it as occasionally my garage which is huge, gets moisture in it- had this car for 15years now- and didn’t spot the corrosion appearing on the underside chassis plus lots of perishing hoses- airchamber will hopefully stop a repeat- but older Ferraris are a love affair and just as expensive to maintain!

Cheers- it’s at the garage as I get 20% reduction getting work done on it- got a call yesterday and the bill is a big one alas :-(.

Takeover would not be good like many say- I was a fan of the idea, but that was when the SP was 50% higher so the buy price would be good- at this SP, a 25% premium only gets this SP just past the £1.

Ooops meant Gekko …

Gecko lol

This is why I don’t trade on charts, RSI etc… just on data points …

Yep and gold drops…
FED this week is key… interesting times…

Depends on FED this week…

The bizarre and worrying thing for gold was how fast it lost it's ~USD100 gain. On top of this, the FED communicated that transitory is not the case now, which should have boosted gold. To me, it's a combination of the QE and COVID causing supply chain issues that caused this inflation, the second one means around for longer. Equally, the labour market is strong regards employment numbers, considering COVID.
Will be interesting to see how this plays out over coming months.
Inflation, has, of course, hit miners cost base- Vitaly at POLY mentioned this twice this year, in Jan and Aug and both times their SP took a whack.
The gold price rose a lot last summer, and the question is always- "what is the correct price for gold?", PMs move on intra-day gold prices mainly and sentiment of gold price along with the obvious RNS'.
The FED meet this week- so normally means some gold movment.