Member Info for uncertain

Of course the article is ignoring a few things and misrepresenting some others. A Keynesian response to US monetary problems cannot have been in place since 1922 since Keynes theories on these matters only really developed in the 1930s and were in any case accepted in the USA later than in Europe after the second world war. The policy of bailing out banks was used post ww2 because the "market cleansing" referred to in the paper did actually happen in the 1930s and the consequences were unpleasant as banks collapsed.

Some currencies are usually in trouble at any point in history. It has often been Argentina; Turkey has clearly made some mistakes recently. However the supposed fall in these currencies cited in the article is more of an increase in the value of the dollar. This is the really bizarre current financial phenomenon, based on strong US growth and higher interest rates. Ironically it is the USA which is the great debtor of the world, not Turkey or South Africa. The current system is addicted to the dollar. When that debt is called in, the system will really be in trouble. China already has to be careful managing down its US govt stocks as it holds a sufficient amount to destabilise the dollar if it sells

If Turkey reneges on its debts (which I doubt) then the international banking system will survive. The article does make some good points about the over-reliance on derivatives in the fund sector.

The conclusion that gold is about to rocket is not sustained by the argument IMO

Morning Chartist. Did you read my post yesterday about my target for the day of 443 using the wet finger method? Yesterday you eventually dropped your target to just above mine, but today I see you are starting off with adjusting your lower band to just below mine.

Good to see you are learning, but that does give you a rather wide range to hit of 442-484. I am sure that if the sp is somewhere in that range you will claim success, but if not you will adjust your target during the day. Good luck!

I'm on the record on the CEY board as saying I won't be thinking of buying until it goes under a pound. Somewhere in the 90s I think. Luckily, I sold there at 153. I sold KAZ about 930. I am looking to get back into both if they go low enough.

Currently I am heavily into CASP and underwater there while waiting very very patiently

It appears that the wet finger forecasting method has been 100% accurate today. If you check back to this morning you will see i forecast 450. On the button! The chartist has been vanquished.

Forecast for tomorrow 443

Do not trust this forecast. it is based on which way the wind is blowing

Thanks, Picket, interesting article. KAZ responding to a small copper rally now. I'm quite relieved really as, if the wet finger method had really worked, I would have reconsider using chicken entrails as well.

Steady on Chartist, I warned you earlier that extending your prediction range down to my "wet finger" estimate of 450 would count as a technical knockout. By moving your lower range boundary down to 451.5 you are sailing very close to the wind.

It should also be noted that the Tibetan Carbonara Bolognese solution produces forecasts very close to the "wet finger" method. In both cases, of course, the method for arriving at the angular interpolation is a closely guarded secret.

I have decided to apply mathematics to the KAZ chart. I put a ruler on it and found it was losing 4p an hour on average since 9.15. About two and a half hour's trading left so that should bring us down to a smidgeon under 450, an SP I may have mentioned earlier in the day. Simples! All arrived at by wetting my finger and holding it up to the wind!

Of course anything could happen in the rest of the afternoon and the chartist may still get it right, somewhere in his modest 10p range!

Don't forget the court case ( all the details are on the company website). Also W. African diversification is an issue.

Chartist, I think you have the wrong poster. I am not currently invested at all, as I have often said. Yesterday I said I would look at it again at 400, and I stick by that.

I see you have taken the opportunity, whilst taking an unfounded pop at me to widen you range downwards to 455. A bare knuckle fight between a chartlatan and the wet finger method and you are already on the back foot! Will you be extending your range down to my 450 guesstimate soon? If you do that I will claim a technical knockout

suggestion that this is about to go private, or is it just a wild rumour?

So is your forecast between 459 and 465.70??

Just checking

Hi Chartist. The name is uncertain by the way. Thanks for your reply.

So you haven't got a clue then. It might be 459 unless it isn't, is that right?

OK on the basis of wetting my finger and holding it up to the wind, I'll go for 450 then. I'm taking your forecast as 459.

today! Was that the other half of Bakhyt's holding he was threatening to sell?

Hi hash, thanks for your informative and well reasoned post. It looks very similar to my thought processes a few years ago when the new mines were just being planned and large debts were needed to make them a reality. The sp tanked then despite, as we are currently seeing, excellent cash flow and profitability from these mines. I was caught out and lost money.

I have decided not to be caught the same way this time. If I miss out some of the gain so be it

Chartist, I was wondering if you could turn your complex mind to the question of what the closing price will be today. Up front please and not during the course of the day as the trend becomes apparent to even simple minds like mine.

Just to remind you, I got it right in ball park figures on Monday (bounce and slide) and then admitted that I didn't know what would happen next, although with a bias towards a falling sp. I am still of that opinion, and like you do not currently hold ( although I have held for much of the last 5 years).

I'm sure I don't need to tell you that copper is slightly down this morning. Like you I also like the truth wherever it comes from, and the truth is you can't forecast the sp on a daily basis. Make my day - prove me wrong!

in his calculations, but he creates an interesting prediction that there will be an RNS on Monday September 3rd. Watch this space. If he's right, I may even consider voting for Brexit in the second referendum (before anyone points it out, I know it will really be the third referendum)

Apolgies Qaytec, I also have made a schoolboy error in my rounding up. You were quite right - it was 11.5 days to one decimal place. Perhaps Brexit is the right policy after all!

Quite so Adrianz, Qaytec has worked it out for for microseconds, and also, if working it out correctly for one decimal place, should have rounded it up to 11.6 days (11.547 to 3 decimal places). The implications for Brexit hardly need pointing out!

Joe Soap is much nearer the mark, although I think the right answer is 31.69 years (allowing for leap years).

999,999,999,999 ; 999,999,999,998 ; 999,999,999,997.........

yesterday. It makes sense that it would fall this morning when copper comes back down. If it drops to 400 I will have a think about whether to buy again. Stabilising for a period is not enough for this share. I remember it all too well from a few years ago