Australian (ASX) Stock Market Forum

Dump it Here

Hi @Skate, I thought I would take the opportunity to practice my volume spike theory on your recent pick of SLR. Just so that everyone is clear I am not being critical of Skate or his choices. I am simply practising my theory of volume spike trading before I either adopt it or chuck it. Hope you don't mind Skate, it was too tempting from what I was seeing. :happy:


SLR volume spike 18.3.22.png
 
Who thinks this turn around in the XAO will be short lived with another pullback at around the 7833 level, which it's been bouncing off since July last year?
Bonds and gold are fooking themselves, where else can they park their money....crypto?
 
So you're saying XAO will blow past 7833?
7903 would be nicer! I am putting a few bob back into the markets, actually, I have not stopped putting money in even during the fall when I saw something I liked, but I have also been selling when it appeared appropriate.
Am I right, am I wrong, no idea! Time will tell. But I keep my stop loss levels up to date! :happy:
 
"The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to the highest level since October 2020."
The thing about crypto is it does not pay a dividend it is purely growth. The vast majority of big money wants growth and income. Hence bonds, real estate and stocks are so popular. Gold is always a smaller percentage of a balanced portfolio. I believe crypto will become a part of a balanced portfolio but it will be a minor percentage as with any non-income producing investments such as artworks.
 
Also it is relatively easy to receive dividends on gold/silver bullion now. Running at about 6% currently. Gold/silver are non-liability holdings. If putting up to receive a dividend, you will of course incur counter-party risk.

jog on
duc
 
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