Member Info for Tornadotony

Nothing. Only if it goes below 176p sell should it get any kind of attention and then it would be a case of buying discounted shares. In the background we do have a risk of a market wide event where all the equity markets get pushed down in a risk off move and that is a key caveat to have in mind and so its wise to have a proportion of the portfolio as cash for cheap share opportunities.

Gold crashes on the paper price as bullion traders are running out of physical stocks. You can not make this up yet officialdom complain about REDDIT.

1 ounce gold bar not silver

The reality is that large denominations of gold purchases are not in stock yet they want gold prices in USD to be a lot lower. The difference between paper gold and physical gold is becoming huge. For 1 ounce silver bar the premium is well over $125.

At the moment it looks like a breakdown. The logic makes no sense at all. The premium in the physical market will be going sky high.

Triangle forming. Resistance and Support lines converge prior to or on 4 March. In the meantime strong resistance holds at 107p and Pensana holds support above 95p Expecting a major move on Pensana plc share price as movements tighten up.

Gold has formed a triangle since 12 February. Support and resistance lines collide probably this afternoon. All I can say is that we have a big move building up. The problem is that I do not know the direction of the move. Triangle shape is >

In the apex of a triangle on the daily chart. It either breaks down or rises sharply tomorrow. Watching out for an RNS or a big move on gold tomorrow to show the direction.

In the meantime it will keep drifting lower until we get some high volume buying.

https://www.bourse.lu/security/US899415AE32/266318

AAZ not alone on the pullback. Gold eagle editorials have been ambivalent on gold direction that agrees with a degree of uncertainty in the market in general on where the paper price is going. The physical world of course is very different. I am fairly sure this could be above 170p in the summer.

Sotolo

With Hargreaves and Lansdowne Vantage accounts you can link them with your partner. To transfer shares between you as a gift, it only requires and email and they typically action in 4 working days at no cost. There is a charge if you transfer money between accounts but of course you can withdraw to your chosen bank account and then redirect it to the other Vantage account at no charge over a weekly time frame. The general advice is to keep cash levels below £85,000 whatever the stock broker platform that you use. If cash gets higher withdraw some to a building society or whatever.

Support line is now above 174p

Next week they will have the same problem buying gold miners shares and the ETF version may get really expensive.

Unprecedent demand for all the precious metals so they apologise for not being able to supply. Just a matter of time before reality strikes the paper market.

Got an apology email that they have unprecedent demand and having problems supplying. Big difference between physical and pretend paper prices for precious metals.

Thanks

Gold now shot up so loads of people got the same email. Can't get physical gold (CGP).

An apology from the Royal Mint for not being ableto meet the unprecedent demand for coins, bars across the precious metals. Its the first time I have ever seen an email note like that issued and I am fairly sure its not fake. I mention it in case anyone has got it and can confirm that its true that we have an on-going shortage of precious metals to buy. It suggest the reality is very different from the paper gold prices.

https://www.bourse.lu/security/US899415AE32/266318

Very promising. Another 20 points higher and Tullow could be on 45p. I suspect the talks are going well after another sale.