Member Info for Tornadotony

FH where do you get 10p in the current chart. The point I have made earlier is that we have blood in the streets. This share has an all time record drop in the negative volume index in a record time interval over its entire chart history. The Williams indicator is reading in the red on some charts which has only arisen in share capitulation events in the past. The Nanoco stock price is utterly bombed out. Technical traders usually start to buy shares in this position as at some point selling has to get exhausted. Can I ask have you gave up on re-entry positions for them to act as a short?

Previous areas of resistance should now hopefully act as support.

Once 12.75p goes there are no existing resistance lines on the sell to 15p.

We are in capitulation territory. The CEO would be very wise to have the Chairman with him in presentations next week. I am hoping the analysts are not the only one's who get a QA.

it would have in its accounts....

The 10 year chart has Nanoco amongst the worse positions on RSI, MACD in its history. The last occasion it was worse was on 20 June 2019 and again on 20 October 2016 . It is thoroughly smashed up as they come up to report next week. Currently trading less than cash it would in its accounts February 2024.

The next element in the play book is to generate a recession panic where everything goes down, charts gaps get back filled and then some made up data is published by some government department to be heavily revised later, and everything goes up again. I bet gold retreats after Easter from whatever high is put in and the next rally is mid to late summer.

My comment which contained nothing offence was also removed. Basically I asked if you are short say so and your logic gets attached to that position just as someone who goes long and shares their opinion. I also expressed guru preachers who say they hold no shares and are here to save us money irritate no end. I suspect someone came along later and the whole thread got removed. I also mentioned the availability of the green filter button for those who persist to degrade communications on LSE Boards.

Cey 99.85-101.5p. May possibly back fill.

Gap in London gold charts to 1952 area in USD. Although in pounds it is probably far less as USD has fallen.

https://www.gold-eagle.com/article/did-fed-just-pivot
Worth a read and keeping in my mind for tomorrow.

Gold has gone all the way down to the FIB line and bounced off it and has returned to a rising support line. Hopefully the gold eagle article is right.

Something I forgot in my note yesterday was that some miners do not replace the reserves and resources mined out and so their price declines and hence why such miners do not have the same chart as gold over time. Shanta has a fantastic record of replacing what it mines out in quantity and shares best knowledge on its grade per tonne ounce.

Finally everyone here is brave enough to risk their own money making investing decisions and I always have that respect in my mind. Secondly we can go through life thinking the worse of other people or realise that the vast majority have positive values and and being helpful to others when it is in our interest to do so is a true definition of intelligence. I say this so everyone knows that I am not showing off but sharing what I observe for you to judge yourselves. It is also a tool to avoid paranoia which is not a good place to be.

Good to luck to all of us tomorrow. If we are not on a run on gold now we shall be in a few months time.
Regards
Tony

Have the other half ready if it wants to go lower. One in order in the book. The volatility is surprising. Yellen's call to support regional banks should have done the opposite for gold and gold miners as USA prints billions of dollars.

Shanta has touched back to a sharply rising support line. If it continues to hold along the support line the resistance points up to 12.5p would be breached within 8 days. Shanta is no longer overbought.

Angelis no miners will not have cup and handle patterns as gold for the following reasons;
1. A lot of different types of bad news can impact on miners and a good gold price won't help them.
2. Some hedge funds buy paper gold and sell the miners short. This can delay moves on miners and they react with sharp catch up moves. (Short squeeze affect).
3. Some miners like Shanta have a sharp increase in gold production taking place. This event will dominate their chart pattern and it may be greater than whatever gold pricing is doing.
4. Some miners may have outside interest of another miner on their share price as they may want to acquire the company. The direction of the chart is dependent on their acquisition strategy.
5. The general equity market can influence miners both up or down by increasing or decreasing PE ratios to the sector.

In short miners can have their own patterns and do not always follow the same pattern as gold.

The hourly and 5 hourly chart patterns have created a bullish pennant pattern. Unfortunately pennants are not a reliable pattern as they are derived in short time scales. The daily chart signifies strong support at 10.6p and resistance at 12p. The weekly and monthly chart patterns identify rising support lines. The weekly chart shows that we are at a strong resistance at 11.9p and that we have further resistance lines at 12.25p and 12.75p. The only other areas of resistance arise from the monthly chart at 15p and 16.9p. Once sells occur above 12.75p, Shanta is attempting a breakout re-rating and this could run to 15p on the buy side. I should mention it can take 3 breaks at 12.75p and then rely on some follow through to deliver 12.75p as a future support line. Tony

Confluence

A profit is always a profit when booked. Only 3 weeks of the financial year remaining so use up as much available CGT as possible. The only reason I did not sell any today as I bought at good prices and I want to keep my base line entries and I have it backed up with cash to buy more on any retreat. I am not judging your proactive investment management decisions. Tony

Gold short term overbought indicators all removed. Daily slightly overbought and only weekly slow stochastics overbought.

We shall soon find out what FED does and says. They were left with a big mouth and a small stick last time. This week it may be about playing dead cats on the table and a cut and run. (Boris Johnson favourite tactic).

Confluence I think your referring to consolidation. It certainly closed gaps in the gold chart. As for the situation in banks they have quite a problem on their hands. The San Francisco Regional City Bank is beyond saving, there is no confidence for anybody to open a deposit account and it will need another bank to take it over. If it spreads to real estate which is the next shoe to drop on any rate increase, we could see a string of USA banks in deep trouble. The FED are in all kinds of trouble.

Donald Trump removed regulatory requirements on Regional Banks if they were below x billion as they were not considered to cause systemic risk. So after the FED managed to drown Regional banks with Treasury bond sales two years ago to help with its balance sheet it created, you guessed it a systemic national problem in US Regional Banks is created. So far .... Only in America and Switzerland.

The rise in gold price is elevating gold sold price averages for the entire year for Centamin. The impact thus far is elevating the average fair valuation from 101-105p range to 104-109p. Values can be over or above the median depending on future outlook. Another factor is that production values in H2 are higher with a lower AISC and lower Capex. The share price if staying above $1800 would hold the new higher average range where as at $1950 and staying there it could average 128p-130p.

Centamin does not have 9 times the reserves and resources over Shanta and the production ratio at worse is 6 to 1. The annual profit profile after tax is 3 to 1. It is hugely undervalued. Both companies have a promising 4 year outlook. Centamin is not overvalued and if anything at 2000 gold is 10% undervalued. I share the views of many here, Shanta Gold is hugely undervalued and none of us can work fully out why. Centamin has prospects between 1 and 2 gold grams per tonne and this company has an average somewhere between 5 and 6g/t.