Altyngold Share Discussion Threads

[pensionplanner] 10/8/2021 13:26

Yes, had a word with broker to get a few more Altyn. He mentioned that IG was cleaning up today on some resource stocks, with stops hit here and everywhere, but in a lot of cases not allowing new open orders. Almost a license to lose money on spreads when the outcome is like playing poker with 50p in your pocket against an opponent who can not only decide the result but has unlimited funds.

[excellance] 10/8/2021 11:56

Looks like everything commodities related is getting hammered today.

[excellance] 10/8/2021 11:37

Yeah, dump paper, cause the price to fall, then buy any physical gold available.

If the losses are only paper, but you know that gold prices will eventually go up, any losses are short term, covered by interest free QE support and offset against tax elsewhere in the business.

[pensionplanner] 10/8/2021 10:22

excellence. The problem is dumping paper gold doesn't require physical delivery.

The whole Comex world is one of fictional gold. Same with London

[linz22] 10/8/2021 07:31

Communism?

(Or, the inception thereof..)?

[excellance] 09/8/2021 21:47

The Sunday night/Monday morning smackdown of gold was huge and aggressive, and the gold price fell dramatically, but it failed and was bought into.

So, whoever dumped all of those contracts only managed to transfer their gold to other parties on the cheap, but maybe that was the goal?

Corruption?
Manipulation?
Political?

[excellance] 09/8/2021 21:13

Feds Rosengren-

"Fed should announce taper in September"

I can't wait to see the tantrums.
Will Biden threaten recovery by insisting on normality?

[pensionplanner] 09/8/2021 12:58

when $4,000,000,000 of paper gold is dumped on to smash the price, where its clear it was done with that intent, of course there's something not quite right.

[excellance] 09/8/2021 11:24

Could be that.

At this time of year not much happens, so may as well switch off and come back in late September.

[1madmarky] 09/8/2021 11:15

Well something doesn't feel right. Might just be the summer lul though, peeps taking their money out while on holiday.

[excellance] 09/8/2021 10:54

Well, I had a lovely sleep in, rain lashing against the window, but I'm up again, and the markets are still a mess.

Seems to me that finance across the board is very tight, almost like the liquidity crisis that led to the Lehmann Brothers collapse.

I don't know if that's a Monday morning rainy day cups half empty thought, or if it has merit...?

[linz22] 09/8/2021 09:34

Night, night..

Meanwhile, I've just topped up, substantially, at a mere 117.45.

Seemed too good an opportunity to ignore, like looking a gift horse in the mouth, so to speak.

Or, too good to be true, perhaps, and, by 'averageing down', just throwing good money after bad..?

[pensionplanner] 09/8/2021 09:30

1mad:

If your view was correct, then it would never explain how the share price can tumble on a few sells, then on some occasions no shares available to be purchased, and no attempt to raise the price which is part of the price finding mechanism that is the Stock Market.

Many have noted how on some occasions its been impossible to buy at all, and this cannot be just liquidity as its often occurred after a price drop often effected by minimal sales.

Even Limit orders at a much higher price have often failed to get shares.

Now in a rising market you could perhaps understand that, and again in that situation the share price is hiked to encourage more sellers to satiate buyers happy to pay more, but not when an share price has been hit by little trading, but where even those shares seem unavailable along with any others.

on one occasion I as literally offered TWO shares, offers to buy at significant higher price were not even allowed and even brokers left wondering how they were supposed to buy shares for customers.

[excellance] 09/8/2021 09:26

I'm going back to bed, nothing to see here.

[1madmarky] 09/8/2021 09:08

Umm- glad I did not put my money into a high all in cost producer.
To me it looks like a determined seller just chucking out a few thousand day after day. With the lack of liquidity doing the damage. However it could be orchestrated, but buying back in would be difficult.

[pensionplanner] 09/8/2021 08:46

1Mad. With Altyn I'm sure there's something going on behind the scenes as some look for an opportunity to hit Altyn's share price even in the absence of selling and in some cases the prevention of buying.

[pensionplanner] 09/8/2021 08:44

7310 Agree

[onedayrodders] 09/8/2021 08:25

Record LOW unemployment I should add

[onedayrodders] 09/8/2021 08:24

Meanwhile with the supposedly "white hot economy and 5.4% record unemployment" (really !) Joe Biden has extended the student loan moratorium until February 2022Why does he need to do that against a backdrop of a fantastic economy / jobs numbersIs it to ensure continued fake spending to juice GDP numbers continues ?

[1madmarky] 09/8/2021 08:20

If ALTN had a high cost base the share price movement would make sense, but we don't. Bizarre

[onedayrodders] 09/8/2021 08:19

Certain US states have removed the stimulus helicopter money so people being paid to stay at hone are now having to go back to their jobs .. hence NFP's bulking up.Problem is this dynamic has only just begun ... so NFP's likely to be big for sometime yetSo more smash downs on the way over the next few months ?

[onedayrodders] 09/8/2021 08:12

Well as mentioned here, the 4-6 week technical damage from last weeks smash underway

[excellance] 09/8/2021 03:59

Apparently, the current weakness in gold is due to traders selling equities into dollars, so the dollar strengthens with this demand, and since gold is primarily priced in a strengthening dollar the price of gold in dollars falls, but this should be a temporary situation if traders use those dollars to then buy gold.

Jackson Hole in two weeks where we'll hear a lot of waffle about tapering and supporting the markets...good cop bad cop.