Jargon_Buster
20 Nov 2019
Bought 10,000 at 1.12p I still sense that we might turn upwards soon. Whenever I wait for a certain figure (110p or lower) I find it never quite gets there. As I’m being ultra careful I’ll wait and see. Could still drop further. JB
tornadotony
20 Nov 2019
Bought 10,000 at 1.12p Sold at 113.4 with net £130 banked. Day scalping trade.
Jargon_Buster
20 Nov 2019
Bought 10,000 at 1.12p I’ve been watching Centamin too. It seems to have bottomed out and it has crossed my mind to buy back in. I half expect to log online one morning to see it has taken off but instead it has still appeared weak. It’s hard to retire from shares @tornadotony. It becomes addictive. JB
tornadotony
20 Nov 2019
Bought 10,000 at 1.12p A small position on Centamin. Can average down if it proves wrong and can sell off if it goes up a few pennies. Only other stock I have is Tullow oil which has pulled back 36%. My position was evens just two days ago on that one but again can average off on a heavily discounted stock. Current Centamin position is larger. Happy to leave both in the draw for next year. Tried to retire but failed however will not spend much time following it.
Jargon_Buster
15 Nov 2019
Gold now just a play on USA Trade deal with China or not as the case may be I always pay attention to brokers targets but they do seem to follow the market rather than predict it. Centamin still seems to be treading water. Your post @tornadotony did concern me as I read it before looking at Centamin’s price. I though I might have missed the boat, not sure what you meant by “just taken off†@tornadotony. JB
tornadotony
15 Nov 2019
Gold now just a play on USA Trade deal with China or not as the case may be Goldman cuts centamin price target from 155 to 125p. They cut Fresnillo to 670 from over £10. Centamin easing back to 114p.
tornadotony
15 Nov 2019
Gold now just a play on USA Trade deal with China or not as the case may be It has just taken off for some reason. No news.
Jargon_Buster
14 Nov 2019
Gold now just a play on USA Trade deal with China or not as the case may be If gold does recover @tornadotony you can always jump back in and maybe make a few quid. I’m still not tempted. Still waiting Centamin to drop below 110p. If it doesn’t then so be it. JB
tornadotony
14 Nov 2019
Gold now just a play on USA Trade deal with China or not as the case may be If deal is done gold resumes downtrend. If tariffs come in and no deal than gold recovers and extreme positioning remains. It is simply a 50/50 bet. I favour staying off in those circumstances.
tornadotony
13 Nov 2019
Clear support breach of gold at 1454 The profit was higher than I thought but upper resistance appears to have been hit by most of the miners that have worked off over sold RSIs and it may now play to go back down. The same with gold. It was worth the effort to get up and wait for the open.
tornadotony
13 Nov 2019
Clear support breach of gold at 1454 Changed my mind sold off positions for £225 profit.
tornadotony
13 Nov 2019
Clear support breach of gold at 1454 The pattern on gold broke and we have a small counter rally in place. I am £200 up on the Fresnillo two buys that I made. I will keep an eye on USA open. Things do not go down in a straight line. I will make my mind up later today whether to hold and average off if it dipped.
Jargon_Buster
13 Nov 2019
Clear support breach of gold at 1454 So you’ve dipped your toe back in the water with Fresnillo @tornadotony. The problem I had with any patterns forming in shares or gold is that once I spotted a regular pattern and jumped in then the pattern broke. @tornadotony you seem to be almost focusing on the minute by minute movement of gold. I tend to zoom out to see trends over longer periods as well as the daily activity. I’m finding it hard to spot any long term pattern in PoG, if any it would seem to be downward after peaking. JB
tornadotony
13 Nov 2019
Bought very small position on Fresnillo Bought a small stake in Fresnillo at 629.47. (2.5% back in play). Centamin opened with gap so nothing on.
tornadotony
13 Nov 2019
Clear support breach of gold at 1454 JB The 5 Hourly chart on gold futures has delivered a consistent pattern. The first drop from 1508 to 1486 spent 25 hours consolidating up to 1496 then dropped to 1462. Again it consolidated for 25 hours or so to 1472 and dropped to 1457. Again 25 or so hours of consolidation back up to 1466. It then dropped to 1449 and has actually been consolidating in the last 25 hours back to 1458. So if we get the same pattern for a 5th time in a row, either tonight or in the morning gold will hit a new low in the current downtrend of 1441. It will then consolidate over the next two days going back up to 1449 and we await to see a sixth play if that pattern continues. The pattern on silver and platinum is different. Regards Tony
