Member Info for Tornadotony

7-8% in previous

Gary what I am saying is that NG fell much lower in the month of January 2003 and in 2008 (also 2000 and 2010) and the entire markets were hit hard in all those years. The only exception was in 2018 when a pullback arose. December was at one point the worse al the way back to 1995 when NG was denationalised into a private company. NG is an early warning signal imop with 80% past accuracy of trouble if the price starts falling beyond 7-8 lower from 960p (2nd Jan price).

Vital to hold a higher low in the charts. The December drop was 2.5% and at one point was the second steepest drop in 28 years. If the higher low does not hold then we are seeing a December January pattern that arose in 2003 and 2008. National Grid would be like the canary in the coal mine and in that case warning of an equity wide collapse in USA, UK, Europe stock markets of the order of 40-50% in valuations with widespread knock on socio-economic outcomes. Hence why I am hoping it is not the case and we see a recovery in NG valuations.

1432 close on Toronto exchange. Gold gets a bid on lower prices.

After tomorrow the vast majority of hedging at lower gold prices is off the books. Gold price sold should be a lot higher in 2025.

On the attached you would need to type in endeavour as the comparison. the graphs are very similar.

Https://www.hl.co.uk/shares/shares-search-results/g/gold-fields-ltd-adr-representing-zar0.05/share-charts

GI correct.

Definition of stupidity is to make decisions to harm yourself and others.

I advised earlier take the 2.67p especially if in a trading account. Use the losses if any as an asset especially if a UK tax payer as they will be needed against any CGT gains above £3,000 per annum. Remember to file losses every year until recovered via annual tax returns. In a year where a portfolio has made 30k, you will be glad to use earlier losses not to pay 20% or 40% on £27,000 CGT gains. This of course does not apply to ISAs.

the only question is robert ****** selling half of his shares as the finance director. we do not know if he plans to resign or it was lieu of salary that was not paid out or that simply needs to give offspring some monies. pa has tried to suggest through buying 50,000 net that is not insider bad news. an rns that may clarify matters would be helpful especially if the reason for selling was a personal private matter.

Utilities across the board stopped falling and began to turn in USA and now NG in UK. A small top up at 921p area this morning and I hope we have bottomed here. In case I do not get the chance next week, I wish all our readers a wonderful Christmas and a Happy and healthy New Year. All the best Tony

Although I am not a fan of candle signals we got a bullish inverted hammer yesterday. I bought at 1418 on a small top up just before tx open as it closed around 1424 or thereabouts. With 90 minutes to go on the tx it is holding up allowing London to possibly have the lead. Barrack Gold has fell back further to align with Endeavour and both rallied this afternoon along with the ETF goldminer indices. In case I do not get a chance I wish all our readers a wonderful Christmas and a Happy and very healthy New Year. All the best Tony

Sterling drops as Banks hold rates and not increasing. Now under 1.26 and returns to where USA hit last night.

National Grid stock has never been hit like this before in the run up to Christmas. It is the worse December performance on its record. NG often hits lows in the summer, but not in the late autumn early winter. It is now matching up with NGG close. What is the justification for an 8% strike down since the end of November?. The company earns quite a bit from USA assets in dollars. When a stock collapses through all major support lines it is a case of sticking it in the bottom drawer. It will certainly recover at some point. We have a major gap in the chart in the 1980's created without any RNS on a FTSE 100 stock that always closes chart gaps.

Gold price is the same as it was on 18 September except Endeavour share price is 400p less in value and that is after 4 million ounces converted from resources to reserves equivalent to 3 years full production. Record earnings to be reported and heading into record low valuations.

In the meantime the goldminer ETFs are heavily oversold and back down to 1 May 2024 levels. We must be approaching the nadir in the market. Valuations against gold are crazy low.

Reetech

Let us say I know of Russians in the UK who now say they are European.

Tony

United utilities and severn trent acting as safe havens as 2 out of 6 stocks not red. HL evens, imperial brands reckit also positive. NG inching back up perhaps.

Worse ever December performance in the history of NG is here but last line of defence holding at 918p thus far.

Gold recovers 50% from fall, pound only 16% recovered in Asian markets. We should open okay as UK currency has depreciated taking any hit.

UK currency down 1% and suggest short fall tomorrow around 1% or less on USA close.