Weekend reading Thoroughly recommend Jim Rickards latest book, the road to ruin. Significant for Gold.
Re: Time to get back in or top up 10% profit in 1 day - nice one.I basically see this as a bottom drawer investment. I'm not trading it and will hold for 40p but good luck to all who are.
Re: Time to get back in or top up hedged me bets and sold 200k for a 10% profit - going to leave the rest to ride now
Re: Time to get back in or top up Good timing providing it doesn't retrace again!
Re: Time to get back in or top up Looks like the next possible entry is going to be the full 61.8 retrace at 1.25 ishI've just bought some more at 1.35 - don't want to be to greedy and it may not quite make it.
Re: Time to get back in or top up Hi GengThanks for the comments.I'm also thinking about selling now and buying back when I can see something positive on the chart.Here's my updated daily chart with comments:[link] is not a static chart. It will update if you click the 'Update' button in top leftPen
Re: Time to get back in or top up Hi Pen,For me we're kind of at 'make your mind up time' ![link] it drops below 1.4p then I'm going to sell the lot and wait to see where it settles.Although I think it will bounce from here - should get an idea over the next few daysmy charting is very basic (but serves me well) - perhaps you can show it better with your expert version?cheersGeng
Re: Time to get back in or top up GengWhat's your view of the current daily chart?I'm afraid mine is looking negative. RSI MACD MFI are still falling and the RSI isn't even in oversold territory yet on the RSI. Price action from late September on looks like a rounding top. Short term avgs have crossed over and are falling.Any positives? I'm struggling here.Pen
Still only a 50% retrace Lots of bearish comments about precious metals around, it's still only a 50% retrace. Good buying opportunity for the patient investors
Re: Time to get back in or top up I had another 200k - will see as it may still drop to the full fib retrace (will add more if it does) - or could bounce from here!
Time to get back in or top up Finished its re-trace & now looking like a buy again.Any views?
Paper gold Someone dumped $10bn in gold contracts on the market on a holiday hmmmm...Short term price manipulation. Long term the outlook is goldenTop up time
Re: News imminent Well that filled the GAP!Hopefully we can now move on up!
Re: News imminent GAP at 1.9499 from the 28th Sept - not quite filled yet but I'm sure it will - possibly today or tomorrow depending on US electionVolume is pretty low too so poised for an other run I think
Re: News imminent Where is this good news - shares down 13% today?