Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Currently stuck in no mans land in between.
Resistance now at 94.5p. We have 3 other resistance lines between 95 and 96.5p which is hard to get through.
Support at 92.5p, 91.7p and 90.5p. 87-88p area offers 3 more support lines based upon FIBs.
Thought it was 87p in 9days Tony?
I think Tornadotony based his opinion on only Tech Analysis of "support lines". They are just indicators and are what buy and selling peak intensities were at some price-points. And these price-points are usually, because of their intense trading volumes, probably the MMs and funds at play. Sometimes, no relation to real economic going-ons in the company itself and more to do with profit-taking (artificially set) objectives by the larger traders
Hi Glenmere,
Thank you for taking the time to explain, this precious meals market trading is certainly a complex business, it's no wonder that its so difficult for those on the outside to try and understand what's going on, and its certainly challenge for anyone who does have an in-depth knowledge due to experience to explain things or educate others in simplified terms or lay man language!
The market is waiting for the FED minutes tomorrow. Yes I still think this goes down to 38% FIB retracement and gold futures closes a gap lower down in the charts. The timing to hit fits with Jackson Hole. What may defeat that outlook is the market completing ignoring the FED and do some kind of bull rally in the major indices (DOW etc). I do not see Centamin going lower.
That is going lower than 87p in the previous.
This misnomer I don't use charts but respond to events... events drive price not charts- charts simply show how the sp reacted to the events
Ooops replace "misnomer" with "is why"
I agree, charts are indeed looking back and although useful reference really can't predict the future, especially during such unprecedented ongoing global events!
Also the idea that the stock markets, any or commodity can be in some way isolated from the effects of what's happening globally and in every other walk of life is a ridiculous as the idea that after Brexit he UK could isolate itself from the effects of what goes on in the rest of Europe!
Gold prices remain down as US hosing construction falls 9.6 % in July.
Illogical the US traders only listen to the FED Bilge.
So much for sense. They cannot accept the thought of possible recession.
So then possibly the US market has decided to ignore the reality of the disastrous effects Trumps nationalistic and backward looking internal and international policies and the ineffective and unfit for purpose FED fiscal policies by creating the illusion of an investment "Utopia" that will continue to rise to the stars and exist in isolation from the realities and unprecedented ongoing events of the outside world!
So wonder what happens now?
Quite so Mr Bond,
They just haven't grasped or wont accept that their whole system is broken and even more unfit for purpose in today's world, but instead of learning from the mistakes of the past they seem too be intent on making the same mistakes all over again!
But it's not just the US politicians,its politicians the world over, they all need to accept that real change has to come because like it or not we are all part of a global community!
I would say the Countries of the world are becoming more and more Nationalist , but then they have been taught lessons from across the pond for many years.
Mr B I think the market is accepting a recession. It along with inflation, stagflation or worse so not necessarily a recession with falling real rates where investors run for gold?