Australian (ASX) Stock Market Forum

Storm at Sea

Sailing for GOLD is a waste of time IMO
What I mean by this is
"There are much better Industrial Metals to invest in NOWADAYS "

However if one had to sail for the Golden Metal
It's Better to Sail for GOLD in US Dollars than in Aussie Dollars IMHO

Sailing for GOLD in US Dollars "One Day at a Time"

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Sailing the NEM One Day at a Time

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Ahoy Brave & Loyal Crew

I hope everyone has reached Safe Habour before today as advised on Friday

This was the Ultimate test In Bravery and Loyalty

Were you Brave and Loyal enough to SELL on Technical Analysis Alone on Friday/Monday
If Not?
Just call it a Long Term Trading Plan and you have all the bases covered
Your Family will understand that

As we all know
"We always win in the Long Term " but we also know unfortunately some DON"T

All we need now is a bit of Luck and a lot of Better Technical Analysis IMHO
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SGA Market Depth Alert

Looking GOOD

  • Market Depth​

    Bids​

    151Buyers
    3,032,443 SharesXYZ Yacht.GIFHold On Tight


    Asks​

    25Sellers
    339,655 Shares

    Total Value: 590,842​

    ASX real-time quotes as of 18 08 2022 11:49am AEST
 
Ahoy Brave and Loyal Crew

Since my order to run for Shelter last Week
( Please refer to the Earlier Chart above)

The Storm has Now Set In
God help those who did not find Safe Harbour last week


The IEF (US 10 yr Bonds) has plummeted overnight in NY
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It Always Worries me when the Great S&P 500 FINANCIAL Classification of Sail starts rolling over
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It Even Worries More when The Great S&P 500 MATERIALS Classification of sail Joins In
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For Conformation we only need to Survey the Greatest Leader of Them All IMHO
Sailing the RUSSEL 2000 as see how she is handling the waters
AND YES She is rolling over Also

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It seems quite clear to me to Renew all your streaming services and Download
the free App Justwatch to find out where your Favourite Movies & Shows are available

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Sailing the PRL
For those who have hoisted the Little Beauty PRL on the start of June '2022
( Please Refer to Chart above in the logs)
HOLD on Tight !
An Announcement is due tomorrow at Dawn on Monday 22/8/2022

Toes and Fingers crossed!

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XYZ Yacht.GIF
 
Sailing the PRL
For those who have hoisted the Little Beauty PRL on the start of June '2022
( Please Refer to Chart above in the logs)
HOLD on Tight !
An Announcement is due tomorrow at Dawn on Monday 22/8/2022

Toes and Fingers crossed!

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Owned since early 2021, hasn't done much but at least it's green.

Today's Change Up (3.45%)

Province Agrees Binding Key Terms with Total Eren to Develop HyEnergy® Project

Highlights:
  • Legally binding key terms finalised with Total Eren to guide the development of the HyEnergy® green hydrogen project
  • Agreement settles 50:50 structure in the project and relationship between the parties, together with their key roles as the project moves through feasibility stages
 
Is Setting Sail on a Friday Good Idea ?

NB :The Captain's Rule #13
" Never Set sail on a Friday" as it is almost always UNLUCKY"

I too saw the raibows on Friday Captain P2 and thought I might set a few sails

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Fortunately I remembered Rule #13 and decided to wait a while more for Better Sea and Weather Conditions

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I am not Going out on THAT THUNDERSTORM at Sea on Monday and even Tuseday


 
I've been firmly esnconced on land, playing in the grain silos and dockside warehouses, apart from a few day trips in tinnies trying to catch a feed and checking the buoy that marks where my PMs are.

Plenty of invitations from aboard the FOMO to hop in; while I'm impressed how often they can refloat that rickety old POS, it's out in deep water right now.
 
Since my last posting on the GOLD Chart ABOVE
I am pleased to announce that GOLD in USD has respected the Trendlines posted previously

It is is almost as if God Herself is Respecting my Chart

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Please Note Sea-Cadet Officer Barney!
The Closing Price never closed above the top trend line
This is why I respect The Closing Auction Price on BIG Instruments

Anybody can corrupt a Penny Dreadful closing price but it is not as easy as it seems
But it should be still respected

XYZ Yacht.GIF
 
Ahoy Brave and Loyal crew
Here comes the Storm again
"Run for Shelter!" and Trim sails

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TIMING is EVERYTHING when it comes to Tacking


Those who RAN for SHELTER have now been very well rewarded
and will be rewarded even more with better buying prices soon IMHO

As you can see in a few following Bell-weather Charts
There is no reason to believe the DOUBLE BOTTOM WILL BE RESPECTED (W Bottom) soon
Remain Strapped into your bunks and simply wait for better times
Patience is Everything

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Sailing BHP in NYSE
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Keeping an Eye out for The Chinese
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Sailing With the Wind One day at a Time

My father never went to sea but loved horse riding
He said "
"When riding a horse Always go in the same direction of the Horse"

This is also true when Sailing with the Wind
Sailing the ALB for LITHIUM---------------- One Day at a Time
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Sailing the FCX for COPPER------------ One Day at a Time
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Sailing the BHP for Diversified Materials --------- One Day at a time
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Including Lots of NICKEL

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