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Delmonte

Member
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878
By the way Wattie - ta for tipping MRNA last week or so at 32p... I didn't take it unfortunately, only made my watchlist... But it obvs hit 50p+ and might still have legs yet. Superb quick return for such a big company. Hope others got in
 

Wattie

Member
Messages
8,640
By the way Wattie - ta for tipping MRNA last week or so at 32p... I didn't take it unfortunately, only made my watchlist... But it obvs hit 50p+ and might still have legs yet. Superb quick return for such a big company. Hope others got in
No bother D, it’s another of these speculative covid co’s so is pretty volatile.
Latest news here from a few hours ago.

List of others here


I’m in wealth preservation mode with a more conservative capital accumulation view, 10% pa/low risk does me just fine, so a lot of this covid speculative stuff doesn’t really interest me. plus my share platform over here has large delays on these Co’s which makes dealing interesting!

Did well with ABBV, Gilead, Moderna (no longer in) and just hold NCYT now for fun.....although I’m in profit taking mode now. looking to encash the bulk of that......and have a target price set.
 
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Wattie

Member
Messages
8,640
So I’ve just raised my profit in NCYT (440) this am and did same with GGP,, Monday (got out 9.35)

Velar fund looking good at around the Aud$34,000 mark.

Approx same again to go, private sale in the Merc,Bingo.
69198
 

Wattie

Member
Messages
8,640
Ahhh the Fed. Jan 2019.

Year and a bit later,

No sh1t, so when is?
Normality will never return- they tried it in Dec 2019 and the markets collapsed. If you turn off the money supply the whole fake economy falls apart.
They can never end this, the question is "How long can they bluff it out for?"
 

rockits

Member
Messages
9,167
Nice. Me too. Took some profit out of these two and also SOLG that came good when I wasn't necessarily expecting it to. Going to take a bit more out of NCYT to lower down what I have left then will let all 3 run out for a bit.
 

Froddy

Member
Messages
1,072
Looks like we'll have to wait a little longer. Here's the 4 hour chart, and gold is defending that lower trendline. Patience is key - big, big data day tomorrow in the markets:
An update for the gold bugs - it's getting very close to a breakout/breakdown now on the 4hr chart - expect action soon as price is squeezed out of this 4hr triangle (which is itself at the top of a daily wedge):
 

Wattie

Member
Messages
8,640
An update for the gold bugs - it's getting very close to a breakout/breakdown now on the 4hr chart - expect action soon as price is squeezed out of this 4hr triangle (which is itself at the top of a daily wedge):
In addition to Froddy’s excellent chart.

Generally if the USD weakens, Gold will go up and vice versa.....it’s priced in usd$.

Remember you need to keep in mind exchange rates if you’re a GBP, EUR, or AUD investor.
Ultimately, it doesn’t matter if it falls in USD.....if the above currencies weaken against the USD$ you gain.

The other thing to remember is that spot prices bare no resemblance to physical prices (was hoping Contigo could have advised). There is very little physical available.

Personally, I regard Gold as insurance against Central Banker insanity. My advice would be not to trade, but buy dips (insurance against unlimited moneyprinting) and put aside, 1, 2 or more years, investment grade. .9999 fineness.

You won’t be disappointed in a year or two.
 
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lozcb

Member
Messages
12,297
In addition to Froddy’s excellent chart.

Generally if the USD weakens, Gold will go up and vice versa.....it’s priced in usd$.

Remember you need to keep in mind exchange rates as if you’re a GBP, EUR, or AUD investor.
Ultimately, it doesn’t matter if it falls in USD.....if the above currencies weaken against the USD$ you gain.

The other thing to remember is that spot prices bare no resemblance to physical prices (was hoping Contigo could have advised). There is very little physical available.

Personally, I regard Gold as insurance against Central Banker insanity. My advice would be not to trade, but buy and put aside, 1, 2 or more years, investment grade. .9999 fineness.

You won’t be disappointed in a year or two.

Agreed , physical gold is a banker insurance policy and rarely to be traded unless market forces dictate , unless your a producer that is...............
 

lozcb

Member
Messages
12,297
Agreed , physical gold is a banker insurance policy and rarely to be traded unless market forces dictate , unless your a producer that is...............

And a good enough reason for me to be able to get back to work ........... :frusty5:
 

Froddy

Member
Messages
1,072
In addition to Froddy’s excellent chart.

Generally if the USD weakens, Gold will go up and vice versa.....it’s priced in usd$.

Remember you need to keep in mind exchange rates if you’re a GBP, EUR, or AUD investor.
Ultimately, it doesn’t matter if it falls in USD.....if the above currencies weaken against the USD$ you gain.

The other thing to remember is that spot prices bare no resemblance to physical prices (was hoping Contigo could have advised). There is very little physical available.

Personally, I regard Gold as insurance against Central Banker insanity. My advice would be not to trade, but buy dips (insurance against unlimited moneyprinting) and put aside, 1, 2 or more years, investment grade. .9999 fineness.

You won’t be disappointed in a year or two.
Good points, Wattie ...

I've had a look at those other currency spot prices for you too (all 4 hr charts).

Here's GBP:

Here's EUR:

Here's AUD:
 
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