Shanta Gold Share Discussion Threads

[qs99] 26/3/2020 12:42

I would agree.....gold price looking like it may edge blue again....DYOR seems so far to have held the $1,600 level which is encouraging IMO

[redhill] 26/3/2020 12:21

My guess was profit taking.

[qs99] 26/3/2020 12:18

not sure that is the case fitton, you are guessing no? TNZ has <20 cases all travelled in and now in isolation from what I could google.

Swiss refineries shutting down may provide a hiccup, but all this should be temporary anyway no?

[fitton] 26/3/2020 11:18

No real reason for the fall but at a wild guess it maybe linked to the virus. Usually market makers know before everyone else for some reason.Maybe the mine is due to close or maybe marked down purely on the risk of it happening. Either way at some point the share price will reflect the financials of the company.

[juju44] 26/3/2020 09:56

Dont think this will get far until that stupid hedge is cleared . Noose around our neck

[jc2706] 26/3/2020 09:37

The hedge was there the last few days and it didn't make a difference.

[qs99] 26/3/2020 09:27

Big old fall? Gold price not exactly tanking?

[imnotspartacus] 26/3/2020 06:44

338

Thanks & well done by the way

[338] 25/3/2020 19:46

Imnotspartacus,

We don't need complex calculation to trade LLOY and BARC... Just assess the oversold and overbought volume for the day... don't forget to track the movement of major indexes in the UK and USA... also the banking sectors...

So far, daily movements are pretty predictable... It could change suddenly if USA becomes new epicentre of coronavirus

Current price is still bargain, IMHO... daily trades give me better rewards... 👍

[imnotspartacus] 25/3/2020 19:28

Hope I haven't jinxed the silver price now!!

[imnotspartacus] 25/3/2020 19:25

338

I bought some Lloyds myself but waiting for a better price, also bought some silver etfs which are starting to come good.

Virus or no virus you can decide to act and protect your wealth or do nothing & see it go down the gurgler.

[imnotspartacus] 25/3/2020 19:18

338

You can share all you like for me; it's interesting to hear how others make their profits.

What was your criteria for buying and selling.

[chipperfrd] 25/3/2020 12:55

The point was more about bragging about it - we really could do without that!

[338] 25/3/2020 12:31

I think we all agree to be here to make profit

People will have preference in time frame (short, melium or long term), frequency (how often) and magnitude (how much)

The environment of financial market is complex and dynamic

If you don't want to make money due to certain circumstances maybe you should try to control the environment change in the first place

12strings, I am not good at shorting.

[juju44] 25/3/2020 12:19

Who gives a fek about other peeps trades anyway

[chipperfrd] 25/3/2020 12:18

I agree JC.

I really don't want to talk about profiting from such a tragic situation. Under these circumstances the best said the better.

We need to try and do the best we can for our families of course but trading is a pretty low priority compared to health and relationships.

[jc2706] 25/3/2020 11:12

Hmmm.

Sorry, it seems a little in poor taste to celebrate gains as a result of the coronavirus. Nobody begrudges you the gains but I suggest celebrating in private.

[12strings] 25/3/2020 10:50

338

Glad you're making on trading. I use IG for short term trades on the main indices (FTSE, DOW, etc) and admit to shorting in a bear market, but it gets scary when indices are so volatile. I never short individual company shares. If anyone trades on margin (CFD's or spread-bets) then be very careful; you're mostly playing against the computer algorithmic traders who delight in forcing amateurs like us to close in the red!

[338] 25/3/2020 09:03

My BARC paid at 108p is now in profit already, crazy...

V-SHAPED market recovery is building up... Shanta 45p can come earlier... Now analysts revised PoG target to $2500 in 12 months... Wow

[338] 25/3/2020 08:57

Sorry guys I would like to share a bit of happy experience...

I have just sold my LLOY which I bought on at 33.5p . It dropped badly and took me 5 days to sell at 36p+ this morning...

So, this month I did 27 transactions (buy & sell) on BARC and LLOY only... and made 51.49% in total including an outstanding provision due to keeping BARC paid at 141p + and 108p+

I am confident to be able to sell both in profit in few weeks time, which could end up making 67% profit.

Coronavirus creates a good opportunity sometimes

[jc2706] 25/3/2020 08:25

I think that people should remember that the futures market still has the greatest impact on gold prices so physical demand is, if not quite irrelevant, less important.

[qs99] 25/3/2020 08:07

Good informative posts / views thanks all. Hope all SHGers are staying safe and well.

I think many will be heading to gold to hedge their asset wealth, govts as well with the de-basing of their currencies if they can afford it. add in the supply squeeze and well, why not $2,000 an ounce? Some banks have already called it no?

Looking out a month in advance to keep an eye on it is no bad thing either, will the $ retain its reserve currency status and therefore strength?

DYOR

[nielsc] 25/3/2020 07:54

12strings,There is also going to be the toilet roll effect. Even though everyone has toilet roll it is still hard to get it in the shops.The same mentality will probably surround gold and silver in that demand will remain high even when physical production comes online again.Secondly the paper market is getting broken by this and hopefully it will be unable to force the pricing of the metals any more. The titanic is sinking and you actually want a real seat in a lifeboat.Cheers,Niels

[12strings] 24/3/2020 22:21

On the future gold price ...

I subscribe to a couple of investment advisers and this is my opinion based on what I have read.

The reason gold is spiking is firstly that long-dated bond prices are signaling the expectation of higher inflation in the medium to long term. This is due to the open ended Fed's QE program. In addition to that, there's a short term squeeze on refined gold supply. It seems like quite a few refiners are expecting to be closed for the next 3-4 weeks.

So for the next 3-4 weeks, maybe longer, gold price looks certain to continue to rise sharply and that will obviously be a compound-benefit to the miners.

Once the refiners all resume operations and have "filled the pipe" of demand, the impact on the gold price is less clear. Huge QE in the US is likely to weaken the dollar, which should increase the $ gold price. so we must watch the £ gold price too.

Hopefully we are well set for a month of precious metals price appreciation at least.

If anyone has a different view or can expand on this, please post.