MaseratiGent
Member
- Messages
- 162
I've spent a lot on OTM June 2020 equity options this week to the point my bookie phone up to ask if I wanted some rugby/cricket entertainment - it's like the old days!
FABULOUS! Great to hear! Would be intrigued to know your take on all of this - so far I've bored everybody with my "what has happened" analysis - which is no good to anybody wanting to know what's going to happen ...I've spent a lot on OTM June 2020 equity options this week to the point my bookie phone up to ask if I wanted some rugby/cricket entertainment - it's like the old days!
Me to and I’m not bored at all.FABULOUS! Great to hear! Would be intrigued to know your take on all of this - so far I've bored everybody with my "what has happened" analysis - which is no good to anybody wanting to know what's going to happen ...
I’ll opt for Gold will continue to rise in all currencies. Buy pullbacks.Chaps,
Have just done a quick volume analysis on Greatland, and it seems the majority of buyers are below 4. In fact, 3.77 is the volume point of control (the price area with the most volume) for the year so far.
What does this mean? Price has recently successfully bounced off 4. However, whilst a break below 4 will "shake out" many longs, it's not necessarily the end of the rally. 4 is a key psychological level, but there are more orders sitting at 3.77, and this is actually a stronger support area.
It's important to define your exit strategy: will gold continue to rise against a soaring USD? Is USD the new safe-haven? Who knows! However, gold is in a massive volatility squeeze.
Steady start to the week for GGP which is nice.Nice bounce from Greatland +23%
Whilst NCYT went parabolic +67%
Seems investors think there’s gonna be a lot of demand for CoVid-19 test kits!
Ok so I’m now in both. GGP and NCYT.
Took an age to deal because I think the system I use (Oz) was affected by Us holiday yesterday.london trading updates were fckd..
So I’ve now established positions in gold Miner GGP, cheap bet against a Ponzi system.
And Coronavirus discoverer NCYT ( this to me looks like a crypto bet.- if it’s a good virus test this will go exponential)- if it doesn’t, I’ve had bigger bar bills.
Cheers JonW,good luck Wattie - what would a good outcome be for you?
Cheers JonW,
Any increase better than a bank interest rate is the reason I invest....otherwise what’s the point....keep it in the bank (if you trust them).
I can see both of these doing double digit returns. The virus co is a sad one as it’s profiting from a terrible situation - but that’s life.....or life saving I guess.
I've broken Greatland down into 1/4 day (128 mins) - it appears to be adhering logically to the EMAs (see below). The crowd looks at 1 hr, 2hr etc. charts, but that doesn't accurately reflect how the day is divided up: there are 510 mins in the FTSE day!Ok so I’m now in both. GGP and NCYT.
Took an age to deal because I think the system I use (Oz) was affected by Us holiday yesterday.london trading updates were fckd..
So I’ve now established positions in gold Miner GGP, cheap bet against a Ponzi system.
And Coronavirus discoverer NCYT ( this to me looks like a crypto bet.- if it’s a good virus test this will go exponential)- if it doesn’t, I’ve had bigger bar bills.
I don’t for anything other than essential balancesdidn’t think you used Banks?...
Gold up again.
Added another couple of miners yesterday.
ALK to follow today.View attachment 65789
These all have exposure to palladium which is going mental just now. Palladium is required in Cat Converters for petrol cars and as emissions tighten it should rise further.
Currently updating my stop losses daily. Glad I am as AG fell 8% plus last night- I was out at 4%.
DYOR as always.