Barclays 26 Discussion Threads

[trader horne] 19/9/2006 11:16

Time to get in the water again?

[duden1] 25/1/2006 15:02

Anyone in the SB12s? - nice rise today!

[duden1] 23/1/2006 14:42

You could well be right RoyalT. I just read somewhere on these boards that chartists don't get rich. Well (off topic but relevant to gold), I can't complain about charts with VOG. They got me in and out twice and I'm looking to go back in again at some point.
As for gold, hindsight is a wonderful thing. Oil prices, energy security and dollar weakness worries seem to be dominating the markets generally and gold particularly.
I'll also be looking at the gold sg puts - but very much as a day trade!
Scared of holding anything this hot overnight.
Off topic: Are you trading the PYFW warrants? - hot stuff! ~(meaning dangerous rather than necessarily desirable! not in them myself but monitoring.

[royalt] 23/1/2006 11:04

duds, i think the chart is showing signs of a topping pattern. Volitily is still present but at a much higher level. Shown by the rapid pull down and back up again.

I think one more surge will take it to 575 before the pullback begins.

575 has because a hot level amongst gold traders, investors analysts etc.

Imo once it gets there, there'l be alot of selling and equally alot of ppl shorting snd buying puts. So that will result in a rapid down swing.

may but sg puts at 575.

[duden1] 20/1/2006 16:59

Thanks for the link RoyalT, for live gold prices. I'll certainly have a look at that. I've paid upfront for the advfn "Silver" service and saved quite a bit and I've got used to it and now will have to stick with it for the next 11 months in any case.
Regarding spread bets, I agree that you need a good deal of margin which can have to be increased if a trade goes the wrong way. That's what's kept me off spread betting so far. Also I think I would be inclined to watch the screen more than I already do!
I'd rather deal warrants if trading hours were wider.
Hope you're right about the next level of 575!
Good luck next week.

[royalt] 20/1/2006 15:45

Closed out all 3 CW call positions. (2 in sb12 1 in sb96)

Reckon we will still see 575 but dont wanna risk holding through the weekend.

Having said that, the current pullback on the intraday tells me its building up strenght for another burst up to old high. I reckon we could still close above 570 today.

[royalt] 20/1/2006 15:05

for free gold streaming prices.

Or if you want free streaming prices for other stocks - just set up an account and they give you free streaming prices on all stocks across all markets for free.

[duden1] 20/1/2006 14:58

This is amazing - up 12.5% today (14.55).
I must trade this like a volatile oil stock except with the very low spreads and no stamp duty I can close out at the end of each day and of course easily take out a short position when appropriate.
Now on my monitor at last and on my continuous chart. Amazing to be able to watch changes in real time.

[royalt] 20/1/2006 14:49

But dont you have to have large funds in the account to cover margin calls with SB? How much money do you have to have in your account to get exposure to 50k of gold?

I agree as its an almost round the clock market, you can close when the LSe is not open especially useful if anything dodgy happens after london close.

But a few grand gets you a lot of exposure. And with the tight spreads it is possible to trade them during lse hrs.

I think we can get to 575 before a major pullback.

[duden1] 20/1/2006 14:38

Well done RoyalT. I've been too busy with a charity submission and AGM and minutes to do much more than drool at all the missed opportunities.
Still think spread betting is the way to go with things that trade round the clock. Not got round yet to setting up a CMC account. Just bought by son a newish car so not wanting to shell out the odd k for a while!

[royalt] 19/1/2006 15:03

Duds, was a good time to go long yesterday. 3 days of losses, wasnt gonna last on a hot commodity like gold without a sudden whiplash to the upside.

Gold up 10 buck now.

Should get back up to 565 soon imo and 575 thereafter,

[duden1] 11/1/2006 21:01

I've had three shots at warrant trading so far over the last couple of weeks and have had three downers! If only I'd done the opposite! Annoyingly I was in profit on each one for a short time, but held on for more. Then I expected a bounce which came in the case of silver but didn't bring the warrants back up very much. I'm thinking of having a go at BSY SA33 calls. I'm into the share itself again, having got out as it tanked last time, so I thought I'd gear up a bit!
FTSE:
I suppose if you make a short term gain on the ftse of around 10% it's worth taking if you could be sure of doing that every other day. It would soon add up.
GOLD:
I agree that "buy and hold" can be a good strategy if you have confidence in the underlying to rise over a reasonable time frame.
I'll have a look at the ft.com charts and get back to you if I can't get it - thanks for that.

[royalt] 11/1/2006 20:33

No ive got a similar probelm to you as well. No fixed exit strategy. Yesterday I was up on ftse puts, 9%. Today im in a loss!

Im in the gold calls at the moment, but im holding these slightly longer term. Cos i think with the current sentiment, 600 should be no problem. altough certain pundits suggesting $1000 may be a tad optimistic. Im willing to ride out the bumps until then. Buy and hold for a while on this one imo. Considering the calls can double quick time, im willing to hold this one until ive doubled my investment! Hopefully.

Btw do you know how to pull up the gold chart on ft.com charts?

[duden1] 11/1/2006 20:28

Hope it does get to $600!
Did you get aboard the gold call warrants? If so it's the usual difficulty of finding an exit level. That's what really bugs me when I take up a position or buy a share. I suppose you have to set a fixed level to get out and just take the profit. Then you feel sick when it carries on going up!

[royalt] 11/1/2006 19:03

Another volitile day but ending up 5% not bad.

I reckon $600 is a real possibilty short term,

[duden1] 09/1/2006 22:39

Yes, it's tempting to pull some cash out of the old B.S. to invest in one of the trackers. Both of these SG trackers are quite new and I don't think are very well known yet. The SG04 looks a strange beast - expiry in 2008 - fair enough - but have you seen the price with it being a 1-1? Looks like over a thousand a shot. There must be a good reason for introducing it however. I just wish I knew what it was. I'll have to read it up on the SGWarrants site - www.sgwarrants.co.uk.
I think I might go for the S940 gold tracker warrant, which as you say expires in 2011 but what do I know! AT least it gives you plenty of time to get it right. On the other hand a long time to be sad about losses if gold tanks!
I wonder what BP will do tomorrow. Looks about level with it's value at our market close. Its just "BP" without the dot to follow BP on the NYSE I found accidentally. Strong Dow which should lift our market a bit but oil's come off which may have more effect on BP. I agree that in spite of any small short term setbacks in the price of BP we should get a reasonable rise from here unless oil really tanks.
I don't pretend to know what's going to happen except that we won't expect it!
Don't take any notice of my comments if you're going to have a dabble in any of the above warrants. Believe me I know nothing, it's just guesswork and I usually get it wrong!

[duden1] 09/1/2006 17:24

I've tanked up with a good few gold miners including AVM and GLA, which should be an effective gearing of the gold price. Should be better than holding the physical if the dollar tanks. I must watch the gold price real-time to see the swings. I'd like to try some low geared gold call warrants too, just to get the feel and live dangerously. Used to have 5k of the SG silver tracker certificates around a year back. Pretty tame and really like holding the metal without the backache and storage! Got out with a few hundred profit and never went back in. It certainly makes one follow the action pretty closely.

[royalt] 09/1/2006 17:07

Yup, currently it does seem however the breakout will continue to new highs.

Anyways, if its starts looking toppy and you dont want to sell the calls you always buy some puts as a short term hedge. But long term, i think we are headed up.

Didnt know gold was so volitile in trade. Only been watching it today.

Hoping for $600 :)

[duden1] 09/1/2006 16:43

Good idea RoyalT!
Certainly worth watching these. It's as always finding a good entry point as we know values can fall off steeply with a slight falling off of the underlying, particularly after a rapid rise which cranks up the volatility.