Chariot Share Discussion Threads

[invisage] 19/4/2020 07:12

Good charts thanks Ando

[andonis] 19/4/2020 07:09

2021

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[andonis] 19/4/2020 07:06

As a step to Gold here

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[andonis] 19/4/2020 07:00

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[invisage] 17/4/2020 21:40

I mean spreadbet

[chestnuts] 17/4/2020 21:10

Now i like this cycle

In march April 1968 the lbma ran out of gold and the gold market had to close down

well from 1933.5 opening of comex to 1968.26 = 34.76

34.76 divided by .4 = 86.9 + 1933.5 = 2020 .4

so we have another 40/60 % we are looking at comex hitting trouble

[chestnuts] 17/4/2020 20:24

Invisage do you mean physical or spread bet

[invisage] 17/4/2020 19:00

Thanks Chestnuts Do you have a view on the timeframe for silver?I'm hoping gold retrace to $1650 so I can buy some

[chestnuts] 17/4/2020 18:09

On reading further into comex it was in fact july 1883

now this is the most fascinating
1883,5 - 1792.25 = 91.25

91.25 divided by .4 = 228.125

Now we dont know what date in July 1883 but it shows that the cycle is correct, also i will add alot of charts i have studied there as been a split by 40/60




The reason: the Comex will mark its 50th anniversary this morning, and the members of the largest metals futures exchange in the world wanted to start their 51st year at the precise time of day their market opened on July 5, 1933.

As a result, international precious and base metals dealers and brokers have been notified that, just for today, Comex's gold futures ring will open at 10 A.M.; silver, 10:05 A.M., and copper, 10:10 A.M.

While some members have noted that Comex grew out of a merger of the New York Metal Exchange, which opened in July 1883, the Rubber Exchange of New York, the National Raw Silk Exchange and the New York Hide Exchange, they decided to commemorate only the surviving exchange.

[chestnuts] 17/4/2020 16:40

Invisage

I own silver and if it follows history and goes to the ratio of 16 - 1 it will go to $537.625 an oz

If you look at the very big picture ie a 600 yr old chart it as an inverse head and shoulders getting ready to go up but other than that , i know some one who as over £10 a point and will make him self a lot of money.

[invisage] 17/4/2020 15:08

chestnuts

What are your views on Silver please? thanks

[chestnuts] 17/4/2020 14:40

Last night i did some more research and this was on comex , we ll comex was born on 5th July 1933

Gold was first priced in 1792.25

1933.509 - 1792.25 = 141.259

Now if we move the decimal up by one place we get 1412.59 then sq root it we get 37.5845

Now if you have read my other post you will have seen why 37.59 is very important

Just amazing how man is almost pre programed

[invisage] 17/4/2020 12:51

Thanks Chestnuts Watching gold with interest will buy soon, I think it's just consolidating after decent run up....all healthy before it makes next run up...

[chestnuts] 17/4/2020 08:30

Gold could drop to 1668 before its last leg up to 8602

[invisage] 17/4/2020 06:53

Congratulations on your £76k win Ando...

[andonis] 17/4/2020 02:39

I hope other people to see inside as Chestnut as he is, in my opinion, one of the best as I know him years. Gold charts study one of the best. So I hope one day to work with him as he is the tops.

[andonis] 17/4/2020 02:21

Yes Invi I said in your chat., best to say more, the best is in the numbers.. Right now looks need more. $75 ....

[invisage] 16/4/2020 22:42

Thanks for the heads up Chestnuts

If we get to 25129 I will open a short to hedge my portfolio and see what happens, if we keep going up I can close the short and just run the longs.

[chestnuts] 16/4/2020 22:38

Invisage

I think the collapse from 29568 down to 18191 are the clever people and the rise which is happening now is the hope full people like your self, then as the market collapses from 25129 ish reality will sink in and people will panic and the devastation down to around 12000 to start with will be swift then we could have a bounce and then down to 6722 or we could go straight down to 6722 as the banks collapse and governments around the world nationalise the banks.

[invisage] 16/4/2020 22:31

Essential Investor

yes that is my take on things too - if this was the next depression markets would have already collapsed, too many clever people in this world would have figured it out by now.


I do think Gold and Silver going higher, we will get inflation at somepoint...All this money printing has a price.


Chestnuts - the interest rate cycle is already late and rates are due to go up at somepoint.

World governments are going to try very hard to inflate away the debt...That is the only way out of this mess...

[chestnuts] 16/4/2020 22:26

Invisage

I have just over a 1000 pts to go before my put option will come in to action lets see if it works out.

As for the Fed throwing trillions of $ in to a blackhole which is getting bigger and bigger.

If you lent me £100 and i kept coming back for more when would you pull the plug.

[essentialinvestor] 16/4/2020 22:22

Central banks are doing the very opposite of the policy inaction of the 1930's.

[invisage] 16/4/2020 22:18

Chestnuts

The DOW Futures just hit 24059

I've never seen someone like Ando tell us early morning we are going to hit 24k and for it to come true.....

His chart abilities are truly remarkable......I am totally surprised.

The news is Gilead has found a drug that is effective for Corona virus.


Chestnuts You too are a very good chartist I know, a few years back you made some amazing calls on FTSE and SQZ