Solgold Share Discussion Threads

[lefrene] 20/9/2018 11:37

onebd1, Thank you for that insight.

[brahmsnliszt] 20/9/2018 11:32

short term chart - but nice trend since BHP news

[onedb1] 20/9/2018 10:49

Sorry for long post to Whites . I have exchanged posts on other site so have a good rapport with him . As for my intial Solgold Target am looking at 45/46p initially to then consolidate . The next leg up will then be juicy . Not in a straight line and I set no precise timelines . I don't know how to do that

[onedb1] 20/9/2018 10:46

Hey Whites / Disorder I know what you are doing lol . Trying to get me to give a proper analysis lol. Been very busy ( will have news hopefully if all goes well next year ) moving from retail to institutional so am working on loads of compliance stuff and backesting my so called black box . I have 5% chance of being successful I think . But given a chance .. I take it . As for Solgold I did post my view in the old iii months ago . The chart is forming a good bowl / basin and I target back to 45p . So far it's spot on . I did give 20p as my base. Below I would have sold out . Moving averages are used by the likes of me when they are either crossed ie price cuts average or MA moves up or down . ma 200 is at long last moving up again ma 100 too and ma 50 and 20 . It's a bullish sets of MAs . No doubts . I will link my weekly and daily view tonight ( late as I work long hours and given the precision of all this it may change your mind on proper TA and Quant analysis . Single stock is not really what I do as I work on baskets of shares and use a model to determine cycle , factor and sector to go long . But it gives me more IMO than any other method . I equally believe that before we see a bust in the markets we'll need a boom in commodities , so in theory copper needs to rally a lot 99% of so called TA on bbs is (sorry if someone gets offended) rubbish . Unintentional probably and most hedge funds I know are fundamentals driven but use TA as a risk man tool . But none will listen to Cup and handle or head and shoulders or random lines or Fibonacci stuff . None . They want a model , back testing and loads more.

[lefrene] 20/9/2018 09:57

Thank you Noccer.

Copper $6000 per ton x 10 million $60,000,000,000 $60 billions of copper.
Gold $1200 an oz, x 25million =$30 billion. So that's $90 billion in Alpala alone, never mind the rest of Cascabel or the other 70+ tenements. A $5 billion take over begins to look like the steal of the century if it came to pass.

[noccer] 20/9/2018 09:38

Nice of NM (at Diggers and Dealers) to give us a heads up on the predicted resource estimate growth for Alpala since the initial MRE. He estimates from 12 million ounces of gold to 25 million, and from 5 million tons of copper to 10 million. But that's just Alpala, plenty more in the other tenements.

[mam fach] 20/9/2018 09:15

Good sign 12 posts on BB.
Still time to get in for anyone not holding.
30p is cheep cheep.
Putting my beak on the line here.

[lefrene] 20/9/2018 09:04

jerryspaniel, I think TA can be useful when looking for 'triggers', I suspect that algorithms look for such events (amongst others) to provide a heads-up to those managing funds.

[brahmsnliszt] 20/9/2018 09:04

looking very good here.......

loving the volume as much as the price action.

[onedayrodders] 20/9/2018 08:31

Nice for the likes of us here to be back in the driving seat

[whites123] 20/9/2018 08:30

Jerry:

Let me try and help: You commented.
"I did notice that the 20 day MA had crossed the 200 day MA this week for the first time (positively) since 2015. Obviously they crossed on the way down mid last year. I am sure those who are more technically minded can explain the significance or otherwise of such a move, but I was always led to believe that this was v positive."

There is no significance, there is nothing to read into it, its all seen after the event.
No one predicted these "Signs" (Just as no one was able to predict the lottery numbers last weekend) there was however a lucky guess... :-)

Any movement in the market for SOLG or for anything else is based purely and simply on supply and demand..
More buyers with fewer sellers = rising price. More sellers with fewer buyers = falling price.
There was a post a few weeks ago where someone mentioned auto algo trading.. Yes indeed, some clever boffins have developed trading software that will execute buys and sells in nano seconds.. This is not the same as making wild unfounded predictions as chartists do.. :-)

Based on news that BHP has bought a stake I predict a steady rising price. :-)

If any chartists would care to predict the closing price of SOLG this week and next week in "Advance" of the dates based on lines on a chart then please lets hear them... :-)

[wisteria2] 20/9/2018 08:28

£1-£2 lets see the share price move up to 50p first, I think most share holders would be happy around that before xmas

[p winky] 20/9/2018 08:19

Yabbadabbadoo

[onedb1] 20/9/2018 08:08

30p bought in good quantity . Good start .

[pob69] 20/9/2018 07:32

Here's Nick Mather's 30 min presentation from Diggers and Dealers earlier today. Not had chance to review it yet. $Solg #ecuador

[excellance] 20/9/2018 01:07

yeah, good sdvice goldguru, a drop of about 90% in 12 months!


free stock charts from uk.advfn.com

[jerryspaniel] 20/9/2018 00:12

Having admitted that I am no TA, I did notice that the 20 day MA had crossed the 200 day MA this week for the first time (positively) since 2015. Obviously they crossed on the way down mid last year. I am sure those who are more technically minded can explain the significance or otherwise of such a move, but I was always led to believe that this was v positive.
As to my history, I am relatively new to SOLG having only starting buying when it got back to nearly 20p late last year, but I now have quite a few hundred thousand and haven't sold any, as I haven't seen any fundamental news that would justify it. Mind you I am not sure I will be owning it for ten years....that's real patience!

[mam fach] 19/9/2018 17:44

Think my 1st purchase was 2007 @ 14p.
Took my allotment & more in placing @ 3p.
It was a complete gamble as we were'nt in Equador then.
Outlook is best it's been.
We voice our thoughts on BB and you do think who do you believe?
Some posters opinions are very informative.
Others are pump and dump merchants.
Hard part is deciding which is which.

[lefrene] 19/9/2018 15:41

Hindsight is a wonderful thing, but at 46p it felt as if some entity was going to pounce on it. But the crocodiles have sat back waiting for NM to do all the work, and hoping he would slip up. Luckily for holders, NM's experience of the industry makes him a formidable combatant in the great game of mining. I suppose from the point of view from the likes of BHP they would rather pay a commercial rate for a certainty, than risk throwing money away on a punt. That way all the accountants and 'yes men' hang onto their jobs, even if there are no windfall profits, it's all about the long term for them. It's turning out to be 'all about the long term' for us too.

[trev1223] 19/9/2018 14:54

mam fach
Couldn't agree more. I am in the same position having bought my first tranche 18 July 2012

[mam fach] 19/9/2018 13:41

Three of us been here a long time. Seen 46p come & go.
With hindsight should have sold @ 46p.
So there i s no way I'm selling for under £1.

[lefrene] 19/9/2018 13:29

Only £2, huh cheap remark mam fach! :¬) You'll have to do better than that to get ODR excited! :¬)