Member Info for wiltshireman

All the penny dreadfuls are jumping up and down like crazy at the moment, why are we the exception? I think we should be told.
Surely Spring Hill should be generating a frisson of excitement?

This is more like it

Let's see a bit more action, this is getting boring.

Or in the ground ! I did once dabble very many years ago during the last bull market in gold ETFs but caught a cold. It was early days for me and I had made a huge (for me !) I think it was around £22k in a day through buying in and out three times and was feeling very brave and made small investments in ETFs after that under the illusion that they were a safe(r) bet but came undone. The good thing that came of it was that the bank I was trading through reimbursed me with my loss about 18 months later because they had been told by the FSA that they hadn't spelt out the risks involved and were withdrawing trading in ETFs . So all's well that ends well and am sticking back in gold expro companies again. Feel optimistic for gold though. Perhaps I will repeat my success but I very much doubt it. Things are somewhat more controlled and autotrading has become the norm which it wasn't when I made my daytrade fortune..

As a group worldwide, such gold-backed ETF products now need over 3,300 tonnes of bullion to support their stockmarket value, a record sum very nearly equal to 1 year's global gold-mining output.

Gold ETF holdings display a strongly positive relationship with the gold price, showing a rolling 12-month correlation of +0.79 across the last 15 years.

Onwards and upwards

providing the politicians continue to foul up and Trump makes some more inane tweets. Perhaps he'll subsidise oil production to keep his rednecks voting for him.

Forget your graphs, seat of the pants ….. seat of pants methinks, at least it worked for me after 2008 recession all this chart stuff is a black art. Those who make the most money are the ones who write about it.

but still plenty of trading hours left this week. We really need Trumpy to come out with some outrageous statement to put the wind up everybody again. Mere trivial measures like halting immigration have little impression on the market. He needs to do something really draconian to do the trick

I think its about tie for the pumpers to play in THR but a bit late in the week for that. Thats what so attracts me down amongst the dead men is that they invariably and inexplicably bounce back into life before the locusts move on elsewhere. The technical term is 'volatile stocks' but reality is its just part of the AIM game to lure the innocent punters on board.Price monitoring extensions are issued which is a posh way of saying we don't know whats going on but just in case there is some funny business verging on the illegal going on we'd better keep an eye on things. (its not really automated I think just a way of keeping a lid on things because auto trading is confusing even to the 'fat controllers' who pretend that everything is all taken care of and is 'safe'. Using complex algorithms I reckon is just a myth in the reality of the bearpit called AIM. But it is fun and can be very profitable. for daytraders.

TODAY - Gold hits a seven-year high
Gold good, oil bad, is the mantra in markets today.
The price of the yellow metal is up US$5.90 (0.3%) on futures markets at US$1,767.30 an ounce – the highest it has been in seven years.

Today - Gold hits a seven-year high
Gold good, oil bad, is the mantra in markets today.
The price of the yellow metal is up US$5.90 (0.3%) on futures markets at US$1,767.30 an ounce – the highest it has been in SEVEN YEARS

Thor is a hammer-wielding god associated with thunder, lightning, storms, sacred groves and trees, strength, the protection of mankind and also hallowing and fertility. Let's see some action this coming week then Thorry baby. I need the money.

Bit of a desperate day if you ask me. Having studied cloud satellite pictures for most of my life this stuff is meaningless to me and I suspect to most others !

Probably Australia is the safest bet

I've been in an out of Russian / Georgian mining and learnt my lesson and steer clear now, anyway C-19 us just a passing thing and will soon be forgotten about once its burnt itself out regardless of whether or not millions die.

Looks like I made a mistake getting out on the last occasion. KS interview, apart from the Covid cloud hanging over everyone sounds really impressive. Particularly paying off the loan so soon. Cash is king so future looks good. Maybe I'll go back in but investing in gold shares requires a lot of patience especially in such a expro setup. GLA might join you again later on.

All this hysteria over an article which states the b*******g obvious and anyone who thinks this is news shouldn't be in this share. We've known all this for quite some time. Why would GH put a few quid into it near the bottom of its recent CV scare cycle?

despite all the avoidance of the fact. Now that global supply side of the world economy is faltering and will soon be felt price inflation is inevitable and we all know what that means. Printing money will just ratchet up this effect anyway and the greenback may well not be the safe haven that it has been in recent past. Sentiment is all.

Yorkshire - No great love for SS but just remember gold mining is (often) less fraught and expensive than drilling oil wells. One oil well can cost $millions to drill even without complications. To raise that sort of cash you need to be 'economical with the truth 1

You're lagging behind all my others !