tornadotony
15 Oct 2019
My new photo The music it inspired of course was;
Jargon_Buster
15 Oct 2019
My new photo Beautiful @tornadotony I hope you are taking lots of long walks while you’re out of the market
tornadotony
15 Oct 2019
My new photo 20190922_112033.jpg2560x1920 1.53 MB
Jargon_Buster
15 Oct 2019
My new photo I’m afraid I can’t see any photo attached. @tornadotony Let me try with a view of Belfast Lough, a short walk from my home. JB 20191011_104915.jpg4032x2268 2.54 MB
tornadotony
15 Oct 2019
My new photo View to Denham church in John Constable country.
tornadotony
14 Oct 2019
Looks like a down day for precious metals JB The lower highs on gold can be seen over recent weeks. Centamin is tracking down with GDX. The initial drop is to the 109-110p area where a break of 1465 gold spot would need to take place. Once broken the next drop is to 103-105p as the downtrend mirrors what occurred as it went up in late June. It is not impossible for gold to simple continue with its fall and if this arrises a final break to around the 95p comes into play. The down swings assumes the low end of guidance. A production drop to say 440,000-450,000 ounces, assuming they do not high grade precious assets which is a good thing for 2020, the price drops further say back to 84p. All the best Tony (still off market)
Jargon_Buster
14 Oct 2019
Looks like a down day for precious metals Centamin hasn’t made any headway since it’s last drop and we’re fast approaching October 23rd. Even ignoring possible market fragility it looks like another potential drop, equivalent to the last drop, come the 23rd. I see no reason to buy in. The production report on the 23rd might show some clarity. So still waiting and watching. JB
Ripley94
14 Oct 2019
sliced @ 137 CEY… XXXX 111p now i see .
Jargon_Buster
11 Oct 2019
Finally the precious metals tank Hopefully my patience will pay off. I smiled a little at your mention of 90p which I suggested as possible buy in price a while back. Time will tell. I’m still onboard with your predictions, although your timetable may have been slightly off. This could turn out to be very good for us both Tony. We just have to prevent ourselves from doing something silly in the meantime. Live long and prosper. JB
tornadotony
11 Oct 2019
Finally the precious metals tank About to get very ugly for the gold miners. The ugliness could manifest itself for quite a few sessions. A lot of gold positions have to fit through a very tight exit door.
tornadotony
10 Oct 2019
Looks like a down day for precious metals JB I am staying out until gold spot is at least in the 1420’s and the value of USD has dropped against other currencies. I may then still reserve the position to stay out. Centamin to fall under 90p for Christmas if the company drops its 490,000 ounces target to 450,000 ounces which may be the best they can do. In fact I would encourage the company to sort out the causes of problems than aim for an unrealistic production number that demands high grading asset resources and then create problems in 2020. There is a major credibility issue with Centamin and I believe 6PE has to be taken off the share price (23PE back to 17PE as in 2018). This may well coincide with a complete market wide drop in PE valuations on all shares for every sector and all equity markets. The valuation bubbles could soon blow up and Powell at the USA FED clearly dropped a hint when he last spoke this may indeed happen and the FED would see it as healthy to occur. Your last heading of these being dangerous times is absolutely correct. Tony (100% cash at the present time)
Jargon_Buster
10 Oct 2019
Looks like a down day for precious metals Looks like your prediction might have been a day or two out @tornadotony JB
Jargon_Buster
08 Oct 2019
Looks like a down day for precious metals I’m the same @tornadotony I’ve been trading in an ISA for many years and this is the first year that I was saved from CGT. I retired in December 2016 with a portfolio of £36K. At the start of the year, I’d made that into £56K. It’s now worth £80k. I should really back out but I like the thrill of it all. One should note that in 2008 my portfolio was worth £90k so I must have learned a few things or perhaps my security is all principle is a better strategy. I have to say also that I’ve only traded Centamin since 2016. Onwards and upwards. I’m thrilled that we have both done so well. You should be well chuffed. JB
tornadotony
08 Oct 2019
Looks like a down day for precious metals JB I need a rest from it. The best move today was to do nothing. Instead I was up early and got out. By next week a strong down trend on the sector is likely. I am likely to take 6-8 weeks off. I am waiting for 1420 area on gold and it will take awhile to get there. This year was the best I have ever done. It remains all intact. All the best Tony
Jargon_Buster
08 Oct 2019
Looks like a down day for precious metals PoG is a bit of a slippery fish. It’s like trying to predict our weather. At least @tornadotony you have still been making money while I’ve been sitting on the sidelines. I’m still not certain of anything. If Centamin stays around 116p we could get close to 100p on the 23rd and the news reporting what we already know. JB
