Ariana Resources Share Discussion Threads

[2tyke] 06/9/2019 19:32

This bb seems to consist of a majority of very nice and patient gold bulls. Unfortunately there are a minority of unpleasant types who do tend to lower the tone of the largely informative posts.

[shortarm] 06/9/2019 19:21

What a tool end!I presume :-)

[2tyke] 06/9/2019 18:32

Wasn't referring to your post biggles.....I was referring to backmarkers oct 2018 chart observation.
Are you away with the fairies biggles ?

[bigglesbingham] 06/9/2019 16:18

Sorry again 18th day of November

[bigglesbingham] 06/9/2019 16:17

Sorry meant nov 18

[2tyke] 06/9/2019 16:07

October18?

Have a look at a yearly chart. AAU bottomed at 1p in nov18, prior to a very clear A-B-C move upto 2.6p in late June19.

meanreverter
Gold has never followed any geopolitical events ever...except maybe in your imagination.

[charles clore] 06/9/2019 15:59

and up she goes!

[meanreverter] 06/9/2019 15:53

2tyke

“You have identified the 10 year bull and 20 year bear markets for gold perfectly.”

Not quite: I dispute the pluralization to “markets”;. The fact that gold took these periods of time to respectively cover each phase of one cycle doesn't imply that it will repeat the pattern. Future gold prices will follow a path largely determined by future geopolitical events, about which your guess is as good as mine. For all that you or I know, the next 20 or 30 years may feature random-looking wobbles of all sorts of lengths and heights — albeit driven by factors that will become identified in hindsight.

From the above, you may gather that I am not a believer in the predictive power of charts.

[backmarker] 06/9/2019 15:09

2tyke,

a-b-c was a down-up-down from June, covering 2.45 -> 2.0. it was also wave 4 of the 5-wave movement starting Oct 18. we are now in wave 5 of that movement, which itself is a v subwave movement with subwave i having completed at 2.3p. we are now in subwave ii which will end at around 2.2 before subwave iii takes us to 2.8p, subwave iv back to 2.6p then subwave v will complete wave 5 at around 3.0p possibly by October.

do keep up.

[jc2706] 06/9/2019 14:58

Thanks meanreverter for putting it more eloquently than I could. Unfortunately it looks like he still doesn't understand (either deliberately or through more natural talents), so I guess that he is indeed just a time waster.

[2tyke] 06/9/2019 14:36

Meanreverter

You have identified the 10 year bull and 20 year bear markets for gold perfectly.
The 8 year drift, as you call it is actually the first part of the secular bear from the 2011 top.
It fits in perfectly with the chart....if you are a chartist that is ?
Nice pull-back in spot gold to just above $1500. Maybe prepare for final spike next week ?

[meanreverter] 06/9/2019 13:36

A quote from 2tyke: “Gold has followed the same cycles through it's [sic] history”.

From the context, it seems that the cycles 2tyke is referring to are cycles in the price of gold. However, through most of its history as a monetary metal, in particular throughout the 18th and 19th centuries, gold did not have a price, because gold was money. Only after 1971, when the final explicit connection between gold and the US dollar was finally severed, releasing gold to find a realistic level against the dollar, could gold could be said to have a real market price in terms of fiat currency.

The initial 1971—80 ~20-fold bull run was a singular explosion from the artificial level created by half a century of price suppression. The 1980 level was an overshoot, against a background of hyperinflation fears, which did not materialize — thanks to Paul Volker's imposition of unprecedented interest rates well into double digits. Since then, gold experienced a 20-year bear phase until ca. 2001 and a 10-year bull phase to 2011.

By comparison with the ~30-year 1980—2011 cycle, the 8-year action from 2011 to date looks like a sideways drift (as indeed it roughly has been in most currencies). From the above short history, comprising one full cycle (or arguably 1½ cycles at most), it is not possible to infer a regular pattern in the price of gold.

[jc2706] 06/9/2019 13:18

I think that comment was addressed to backmarker.

[bigglesbingham] 06/9/2019 12:48

I'm sure there's lots no one knows about !!

[bigglesbingham] 06/9/2019 12:45

Did I say that??? I said 2.8 - 3 p by Oct 18th. I certainly did not say it was a high! Early next year debt paid off, salinas tarsvan updates etc so no I don't think this will be a high. I do think there may be profit faking around this point as there always is.

[8rad] 06/9/2019 12:27

Anything else Biggles?!

[2tyke] 06/9/2019 12:26

backmarker
Sounds like you agree then that AAU is close to a high ?

Charles
The A-B-C ended late June at 2.6p

[bigglesbingham] 06/9/2019 11:50

I'm not ramping but if you look at what's due and next quarter results will reflect gold silver price , having good quarter production. Kizulkuck , mining results kiziltepe , poss tarsvan, JV updates, investment in alternative prospect. Looks excellent to me. Oh and debt reducing below 10m !!!

[charles clore] 06/9/2019 11:10

biggles - I will try for another 100k before then!

[bigglesbingham] 06/9/2019 11:07

I dont do charting but rnss due combined with the consolidation above 2p should take this between 2.8 - 3p by 18th October! Just a little prediction for you there!!

[charles clore] 06/9/2019 11:01

backmarker - so when does the A-B-C start?

[backmarker] 06/9/2019 10:59

ah, good, we get a clear wave 5ii after all. so now we can look for a wave 5iii to start soon and take us up towards 2.8p

[jc2706] 06/9/2019 10:41

Possibly there is but the market makers will be quick to mark it down given the fact that the price of gold came off sharply last night and in the absence of much buying.