Which way? Gold.

[Overnight]

You watch something for a few years and Bamm, idea forms regarding spoofers, test it out..... I love spoofers.

That totally deserves a fart in your general direction!

 

[Nine_Ender]

Oceanagold (CDI's) have been delisted from ASX since 31 Aug 22. The shares were deemed to be not financially worth listing on ASX...
"Reasons for Delisting from ASX
The Company is seeking to delist from ASX due to the ongoing low trading frequency, low volumes traded and limited index inclusion of CDIs traded on ASX as compared to that of the TSX. The CDIs held on the Australian register have declined to approximately 7.5% of the Company’s total issued share capital as of 30 June 2022.
The Company believes that the financial, administrative and compliance obligations and costs associated with maintaining the ASX listing are no longer in the best interests of its shareholders as a whole. The delisting is also expected to lead to an increase in the Company’s liquidity on the TSX."

Decent size float on the TSX ( $1.3B ). See : https://ca.finance.yahoo.com/news/2-falling-tsx-gold-stocks-154500442.html . I took note of the positive earnings trend and resolution of some permit issues last year. A lower risk play then most at today's prices.

 

[easymon1]

 

[themickey]

See : https://ca.finance.yahoo.com/news/2-falling-tsx-gold-stocks-154500442.html

My favourite is Agnico Eagle Gold Mines but I don't hold.
On the ASX we did have once another Toronto listed gold mine, Kirkland Lakes.
So Kirkland was a CDI (Chess Depository Interest - an instrument developed by a subsidiary of ASX that gives investors the same beneficial interests in foreign companies and funds as holding these shares and funds directly on their foreign exchange.)
Kirkland had a mine or mines in Victoria Australia.
Kirkland got snapped up by Agnico Eagle, then delisted from ASX similar to Oceana Gold's delisting.

I notice Oceana has a mkt cap of $1.31Bil CAD while Agnico Eagle has a mkt cap $19Bil CAD.

When Kirkland/Agnico were list on ASX, trading liquidity was very thin which put me off holding at the time.

 

[Sekiyo]

GLD vs SPX at ATL on the yearly


GLD at yearly low on the monthly


IMO we’re still bullish on the yearly,
Bearish on the Quarterly, Monthly, Weekly.
Bullish on the daily.

I wouldn’t advise to buy here,
However the reward to risk can’t be any better.

 

[SunTrader]

GLD vs SPX at ATL on the yearly
View attachment 294209

GLD at yearly low on the monthly
View attachment 294210

IMO we’re still bullish on the yearly,
Bearish on the Quarterly, Monthly, Weekly.
Bullish on the daily.

I wouldn’t advise to buy here,
However the reward to risk can’t be any better.

What is the risk?

 

[Sekiyo]

What is the risk?

1.40% from 159.26 to 157.04 on GLD
Reward to ATH is +20%
R:R 14 and more.

More complete picture of GC vs ES on the yearly.
Could be an interesting play ... IDK ...

 

[SunTrader]

1.40% from 159.26 to 157.04 on GLD
Reward to ATH is +20%
R:R 14 and more.

I'm neutral overall but think a move higher for next couple of weeks is a possibility. I don't use r/r at all, price doesn't care.

 

[Nine_Ender]

TSX Miners rallying; OGC took out $2.

 

[themickey]

TSX Miners rallying; OGC took out $2.

Once upon a time I thought I could successfully trade/invest in gold, but my opinion has changed. IMO, there are far better opportunities where the commodity price is not manipulated.

Oh looky looky where gold is right now, at the bottom! (as usual)

Even crypto is a better bet imo.