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Game on
T
Hi Speedy
Yes 100% agree round numbers are psychological levels on both short and long timeframes. I've no doubt the banks will continue to play games in the precious metals space, but holding long and strong here with the fundamentals for gold & silver being a once in a lifetime opportunity
Thanks
T
Thanks Jerry I will check him out!
Another find would be nice :)
No I fully agree Jag, underlining fundamentals won’t be effected just volatility in price
T
38p was an inflection point of ascending resistance on GGP and look what happened when we tapped it. I know technical analysis gets some stick but it can be useful at times :)
Lol my point is people are throwing 2500 around for gold like it’s some magical number plucked from thin air, technical levels are real and 2300 area could be a spot that effects ggp massively if there is a rejection at that level
all imo
Hi nap
I didn’t say last high I said ascending resistance, its a level beyond the all time high around 2300 and it will be a major area imo
Feb 1980 and Dec 2011 form a strong ascending resistance line on gold that extends towards $2300 level. I think it will need to really break through that before it gets anywhere near $2500 but all IMO! :)
It will get to $2500 but I think $2300 level is a significant pit stop
T
Hi Speedy
Thanks for the below mate much appreciated
T
Hi guys
I’ve been buying Britannia’s and other UK gov issued silver bullion coins. I did pick up a few Canadian maples and some American eagles.
My question is;
Do you mix bullion from different countries or is it just personal preference when collecting it? I understand it is all silver and has the same value but I just wanted an opinion on mixing coins from different mints and if it’s wise to do so
Cheers
T
27p is a significant resistance spot so If we get near it expect it to be tested a few times before it is broken
Big breakout today, nice to see! let’s hope it gets some momentum and heads towards all time highs over the coming weeks
My condolences to you and your family Paddy x
Consider it an IOU for all the valuable content you’ve shared whilst I’ve been a shareholder of GGP!
T
Jerry
The candle that closed today was super bullish, it closed green above a significant price pivot level at 20p and it closed with a really long wick which shows the buyers or “buyer” rushed in and forced the price up. However the price is still under the 200 moving average and the reversal could hit resistance at that level, but IMO there’s a possibility it could begin to reverse from here to the upside. GGP has been drifting down for a while now and breaking key resistance levels I feel like we aren’t getting the full picture and sometimes technical analysis is out the window when other forces are in play...
All IMO of course.
Everyone sees the market differently so DYO
T
Big finish! its primed for a reversal from here the way its set up.
Lets hope we can see it
Why is this breaking major levels of support on tiny volume? I don't get it. Its drifting down through big levels of support but the selling volume is so small on the chart. Am i missing something or is this standard "games" lol
T
Speedy,
Since you and a few others brought my attention to this insane reality a few weeks ago I’ve been fascinated by it! Watched loads of interviews about the topic and also listened to Michael Maloneys book A guide to investing in Gold and Silver which covers loads of amazing stuff that is playing out in real time today!
Thanks for your valuable input on the BB
ATB
T
Superb idea speedy, provided they don’t send them out via DHL lol!