Rhigos
07 Feb 2017
Re: Sold out As someone overweight in house-builders, mining shares and ABF today was a good day for me. Biggest winner in FTSE 350 today was HOC, another precious metal miner. I think the likes of CEY, FRES, HOC and RRS along with shares in other sectors offer some defence in a share portfolio. I am becoming more bullish on price of gold and silver. Now you also get a dividend income with these miners.
Rhigos
06 Feb 2017
Re: Sold out tornadotony, IMO you have sold too soon but understand your risk aversion. I see a good 20% rise this year. RRS are underperforming the likes of CEY but are second largest gold miner after FRES and have a long history of outperforming the FTSE 100. Since January 2000 SP trend has been 25.5% pa. They briefly nearly got back to this trend line on 7 July 2016. The SP now would need to be about £125 to be back on 17 year trend line. I think if things go as well as at the moment and precious metal prices go up, e.g. gold $1500, then SP north of £130 quite possible this year. Lot of ifs and buts there though.
WD in yorkshire
06 Feb 2017
Mark Bristow [link]
tornadotony
06 Feb 2017
Re: Sold out Another bad trade although profits were taken, I think most of the rise today has to do with the current direction of gold. Most gold and silver miners I get mainly right but unfortunately I have been more wrong than right with Randgold since November. Not all miners have broken out of late but they report late in the month.
tornadotony
03 Feb 2017
Sold out Dodging Monday's report. Just to much trouble in the mill of late on this one.
tornadotony
26 Jan 2017
Last time I hit the buy recommend Jinxed again. Hourly RSI now just 25. On Monday this went up to 6930 and then hammered down again. All overbought signals are gone on all time scales.
tornadotony
20 Jan 2017
Counter argument to buy Gold on the daily RSI is quite high. The share price may actually be stuck around this level for 2 or 3 weeks.
tornadotony
20 Jan 2017
Relieved I hold RRS Thank God I hold shares here. I agree with the broker on RRS improving by 20% over 2016. The gaps high up in the chart to be filled some time soon. The recovery rate in the share price is better than Acacia and behind Centamin but I suspect Randgold to do better this year. The buy trigger is with caveat to do your own research.Looking forward to Monday. TT
Rhigos
18 Jan 2017
SP down 30% since July I am disappointed with performance over the last 6 months. SP at yesterdays close over 30% down on July high. Other precious metal miners have fared better. Has anyone got an explanation for RRS poor performance?
tornadotony
20 Dec 2016
HUI Chart gaps from 2016 252-257 area generated on 24th August.168.9-170.1 generated last few days and suggests we have a volatile spike up still to come for this clear. The gaps lower down 148.8 to 149.17 may be too small to consider along with 100.7 and 101.2. However the gap at 106.85- 108.75 from 26th January should be noted along with 111.02 to 113.65.In percentage terms the gaps balance above and below and imply a highly volatile year for 2017. We might see lows in gold go to $989 per ounce to a high around $1357 if gaps either side are to be filled. Happy trading for 2017 and best wishes for holidays.TT
Rhigos
18 Nov 2016
Article by Phil Oakley respected analyst Of interest I think, 18/11/2016 pdf file link about gold and EZJ on following web page:[link]
Jimmythegem
18 Nov 2016
Re: Seriously undervalued I don't disagree but this is on a downward trend & the trend is your friend. I'll consider buying more of these when they get down to £4500 ps.AiMHOJTGGD Luck
tornadotony
18 Nov 2016
Seriously undervalued I would certainly hold here long term.
Rhigos
14 Nov 2016
SP -40% from July high Fund managers in US switching out of other asset classes into those with exposure to US equities as it is expected Trump's policies will be good for growth, inflation (making bonds bad) and increase interest rates. The latter would be good for bank stocks. Apart from inflation not good for PoG.I am reluctant to bail out at these levels. In it for the long haul having missed opportunity to sell down in July.
Rhigos
09 Nov 2016
Trump and Gold price Shocked to hear on 7AM news that Trump likely to be the next president of US. Brexit all over again.Gold +3.28%. Silver up as well. Some compensation that my precious metal miners may offset some of the inevitable losses on other shares. FTSE 100 futers at 7:30 -3.1% but off low of -3.28% at 4:45 AM.
