Chariot Share Discussion Threads

[ant15] 05/5/2020 16:13

Invisage I am inclined to believe you but Chestnuts has been proven right so far I look to see the Dow close daily. Sold my gold shares on a high but look strategically to buy back in when the economic turmoil unwinds as it is bound to do. Gov Uk cannot afford to keep supporting businesses as we have seen today and the losses by way of impairment by all the banks is set at only £6.5 billion whereas HSBC have a trader shortfall of £3.6 billion and bad debt provision of £3.0 billion as a stand alone. Bank Losses lets put a finger in the air and say £20 billion...opinions would be welcome.

[invisage] 05/5/2020 15:57

The markets are going higher in the coming weeks and summer IMO - Reason being too many bearish waiting for a crash back to March lows.

They are wrong, the consensus usually is wrong.

I think the big drop will come in October after so many have got into the markets and got bullish, with an election coming up Trump isn't going to let the markets roll over here.

[ant15] 05/5/2020 15:27

Chestnuts I am watching the Dow still holding at about the 24000 mark you predicted where do you see it going short term and over the next month

[chestnuts] 05/5/2020 13:18

Anthony

I have come across many cycles but this one amazes me, is this another 3142 the last ratio is mind boggling

top in gold 2011 to projected top 2020.55 = 8.87yrs

--------------------------

1792.25 usa dollar founded divided 2020.55 = .887
--------------------------
Britain came off the gold standard 21st Sept 1933

It will be 88.8 yrs to 19th of July 2020

--------------------------

Gold topped at 1921.6 my target is 8602= 6680.4 this = .885 of the move

dow topped at 29568 divided by 88700 = .333333 This cant be a
coincidence

[chestnuts] 05/5/2020 12:04

small head and shoulders on 1hr gold chart forming

[invisage] 05/5/2020 10:49

No I hold my physical gold, I won't sell that until we get much much higher prices later in this decade.



I don't hold any paper gold - I am waiting to see where it breaks before getting back in.

[chestnuts] 05/5/2020 10:47

Invisage

Are you talking about physical gold as if you are its hard to get hold of at the moment go and see for your self

[invisage] 05/5/2020 10:28

I don't hold paper Gold currently, I am waiting to see which way it breaks either way I will be buying whether it is lower or higher from here.

[imnotspartacus] 05/5/2020 09:45

Hi Invisage,

The gold price against every major currency, except the USD, is above the highs of 2011 & looking at the 20 year charts for gold against the USD it certainly looks like it is about to break above the 2011 high's some time soon. May & June are not usually bad months to invest in gold & July tends to be good, so any pull back could be small before the shoot up. I'm not really a cycle man but I'm looking at prices being higher this year but it is gold we're talking about so could be wrong!

[invisage] 05/5/2020 00:29

The drop in Gold could last until early June if it happens... the date I am working off is 7/8 May for the turn

[invisage] 05/5/2020 00:18

Are you planning to buy Gold aat $1640 Chestnuts?

[invisage] 05/5/2020 00:14

Yes I saw your post from last week, it would not surprise me to see gold go down because so many people saying we are going to go to $2000 etc etc



When you heard loads talking about one asset class it pays to be cautious, I am not overly exposed to Gold but if Gold takes off I would look to jump in with bigger size


It is something I am watching very closely, it moves v quickly and can be violent.

[chestnuts] 05/5/2020 00:04

Invisage

If you look and read my posts from last week i did post that

Yes its a possibility

[invisage] 05/5/2020 00:02

Apparently there is a square out cycle on Gold 7th / 8th May - Do you see this Chestnuts?

[invisage] 05/5/2020 00:00

You are expecting Gold to go down Chestnuts to $1645?

[chestnuts] 04/5/2020 23:50

Invisage

Gold

I have another cycle and it starts on the 17th May and hopefully gold will be $1645 ish

[chestnuts] 04/5/2020 23:31

Gold

Britain came off the gold standard 21st Sept 1933

It will be 88.8 yrs to 19th of July 2020

[invisage] 04/5/2020 21:57

Chestnuts

Silver has been consolidating for 20 days now.....I think it is building up strength by wearing off all the supply coming into the market to breakout.

$17 looks a decent near term target.

[invisage] 04/5/2020 09:45

Yes that is why I think May will be volatile....but too obvious to have the next leg down here given the March decline is fresh in people's minds, a lot of people still v bearish.


Market will suck in punters first before washing them out later this year, something bad has to happen for the next leg down, most of the bad news is known.


Something we don't know needs to happen....Lockdown easing will be perceived as good news in coming weeks...

I think Gold will drop with the DOW when the decline comes, it will rise properly when inflation takes hold....currently we are still fighting deflation.

[chestnuts] 04/5/2020 09:27

Invisage

You know the old saying sell in May come back another day

[invisage] 04/5/2020 08:26

andonis
4 May '20 - 02:39 - 9341 of 9342




After further analysis I agree with this view that we will rise heading into the Summer from here.....I think the big drop is going to happen later in year, perhaps October 2020 maybe on the back of the virus coming back in a big way?

Ando - do you see a drop in the markets later in the year?

[hsfinch] 04/5/2020 08:05

Botty's played this one well. He threw half the passengers out of the lifeboat to keep it afloat for a bit longer. He was betting that a big ship will sail past and spot the lifeboat and its self-serving crew and throw em a line. It's called survival.

[andonis] 04/5/2020 02:57

free stock charts from uk.advfn.com