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Gold, Discussion
nipper
post Posted: Mar 16 2020, 10:48 AM
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For Gold ETFs, there's been a marked divergence between pure metal plays (GOLD, PMGOLD) and the miners (XGD, GDX) since this virus thingies knocked tmost asset classes for six.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
joules mm1
post Posted: Mar 14 2020, 01:11 AM
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bah, technical shmecknical

$xauusd

#channel

Attached Image



$xauusd signals larger rotation, maybe an ABC correction but look for the base of the orthodox channel to break to confirm momo is part of trend construct $$



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Mar 13 2020, 05:22 PM
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In Reply To: mullokintyre's post @ Mar 13 2020, 03:59 PM

time for consolidation, Mick ?
(RMS/SPX good example)
some value if the hedging is right ?
pretty solid rotation in USD's ...when the AUD starts to climb the discounted value already bought will be attractive to sell so double edged gig there




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
mullokintyre
post Posted: Mar 13 2020, 03:59 PM
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Gold in AUD is still above $2500 per ounce.
Yet some gold stocks that produced were absolutely hammered.
Doesn't make a lot of sense.
SBM now trading at a PE below 7.6 and forward p/e of 9.

Mick.



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sent from my Olivetti Typewriter.
 
balance
post Posted: Mar 13 2020, 03:27 PM
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In Reply To: nipper's post @ Mar 13 2020, 11:49 AM

hi nipper,
It would not surprise if Wall st went ballistic tonight. Exciting times.




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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
nipper
post Posted: Mar 13 2020, 12:14 PM
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Meantime, a gunman killed 10 at Porgera, PNG
https://mobile.abc.net.au/news/2020-03-12/t...834?pfmredir=sm

Googled a few goldies with operations there or nearby ( whether current or not, not going that deep). Page 1 came up with GMN, IDC, RHS, EMP now Intrepid



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

Featured Stock Stories





nipper
post Posted: Mar 13 2020, 11:49 AM
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In Reply To: balance's post @ Mar 13 2020, 11:46 AM

dropped a clanger there?? Or 2

The old 'dead cat' bouncing along the bottom, today. In this fast moving situation, would anyone hold over the weekend?
(But by Monday, will it be too late?)




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
balance
post Posted: Mar 13 2020, 11:46 AM
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In Reply To: early birds's post @ Mar 13 2020, 08:59 AM

Balls of steel EB. There must be a wicked bounce soon, even if the markets still has a way to fall.





--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.

Said 'Thanks' for this post: early birds  nipper  
 
early birds
post Posted: Mar 13 2020, 08:59 AM
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In Reply To: mullokintyre's post @ Mar 13 2020, 08:52 AM

lmaosmiley.gif
Mick you are so dark. kinda disagree with you. today is the day we can call it " panic" for stock market term.
sell every thing type.
i'm digging money atm try to put into CFD to have a leverage bet the selling is over done. a big snap back in very short term. i'm gambler lmaosmiley.gif
wish me luck Mick!!












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mullokintyre
post Posted: Mar 13 2020, 08:52 AM
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In Reply To: early birds's post @ Mar 13 2020, 08:35 AM

Nah EB, we haven't hit full blown panic yet. Gold has been sold down for the last 4 sessions at least.
When the house prices, auctions etc start to fall, THEN we will have hit full blown panic.
Mick





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