So I think the point he is making is the likely duration of a climbing price and also how the chosen RSI momentum indicator can remain at overbought. Also, it's arguable which is the more realistic measure of gain - arithmetic or proportional. A $A500 gain in 2009 from X dollars and a gain of...
Well, when you put it that way ..
"Gold is only 12 months removed from breaking out of a 13-year base. This is critical to keep in mind."
The Daily Gold - thedailygold.com
QUARTERLY Ultra long term
Today's action matched the weather (for me anyway)
Market Matters Afternoon Report:
The market opened nicely higher this morning, though nerves quickly set in ahead of a pivotal day in the U.S with President Trump scheduled to tell all on tariffs from the White House Rose Garden at 7am AEDT...
Market Matters:
Treasury Wines (TWE) -5.41% fell on a Citi downgrade, moving to neutral from buy, but it read more like a sell call…
Not Held
Not Buying
Market Matters:
Barrenjoey weren’t done there, (downgraded PLS), Whitehaven (WHC) -2.05% moved to ‘neutral’ and Coronado (CRN) -6.06% to ‘underweight’ as coal price forecasts were revised down.
Held
Another day I thought about buying
Market Matters:
Emerald Resources (EMR) +1.9% one of the few gold stocks up on the day with profit-taking hitting the sector. It has now paid off all debt and is unhedged moving forward.
Not Held
Not Buying
He's lost his aura (CHN, DEV, LTR).
Yesterday's hero.
He had wifey way back buy shares in DEV when it was above 20c now less than 10c.
He bought swags of CHN before the final crash (maybe he was embarrassed by all the spruiking from wonderboy Dorsch before cap raisings at a high share price)...
Today:
Market Matters
The ASX200 rose +81pts/+1.04% closing at 7925
Real Estate (+2.11%), Utilities (+1.91%) and Communications (+1.70%) led the line.
Financials (+0.89%), Healthcare (+0.72%) and Industrials (+0.44%) the weakest, highlighting the breadth of the bounce.
Uranium stocks were...
Picked unenthusiastically for the April comp for want of a better idea.
So production of heavy mineral concentrate is ongoing at the new Atlas mine with amassing of product at the company's warehouse at the port. First shipment is promised in April so confirmation of this event might get the...
Today
Regis Resources one of the few goldies to hold its ground today.
All of the fossil fuel stocks [petroleum and coal), although not on the ladder, performed poorly. As did the big resource stocks.
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