Best looking weekly chart, page-1501

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03/10/23

13:57

Post #: 70148138
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Originally posted by Jack1960: ↑

That is a real interesting and somewhat excting chart above. Lots of red indicates the possible presence of buying opportunities

The current short term downward POG trend is exactly what all precious metals investors need to expect as markets begin to unravel.

With deep and liquid markets, "in the money" holders around the world will tend sell first. Because it is an an easy way to raise capital.

I have no idea how much longer or lower the price will fall. As long as economies remain resilient and "higher for longer" is the mantra of all central bankers, I would not expect any immediately relief.

These things can pass through as blips, but just as easily go longer and lower than any of us may expect.

True believers will relish the opportunity to accumulate physical and equity holdings during a down turn. Speculators, traders and those already under water may not.

This is an exciting part of the investment cycle, but like a roller cster, it brings with it discomfort.

My staggered sub $9.90 NST orders remain in place. If any (or all) are triggered, my portfolio gains will be trimmed (as I am massively overweight most hard commodities) but I will have a much bigger base participating in the inevitable recovery, a year or 2 down the track.

If my buys are not triggered, I guess I should be pleased my portflio value held up.

Portfolio numbers on a piece of paper are just that, numbers. I have learned to more or less, disengage myself from the short term detail and look at a longer, thesis based positioning and time horizon. Of course it is easier said than done, but it can be done by everyone.

GLTASH Courage fellow investors.

PS If (when) the share price falls below $9.75, I will change my sentiment from hold to buy.

Expand

I've closed all my puts on NST now

Dropped some round $10.05 and the rest at $10

NST is getting pretty damn close to LT support at $9.80/9.85 and I'm pretty happy with my return.

POG has very strong support around that 1800 level and it may well hit and bounce overnight.

I did put up a quick chart on my last post on XJO thread so if you're interested can take a look there.

VPOC since 2020 is around 1800, so at the least you'd think a bounce and at most you'll see a full reversal from that level.

I personally think this bounce will be temporary (if it comes) but do like golds LT prospects.

Anyway, best of luck to all you gold bugs...

NST Price at posting: $10.01 Sentiment: None Disclosure: Not Held
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First 1501 Last

Add NST (ASX) to my watchlist

(20min delay)
Last $16.55		Change -0.450(2.65%)		Mkt cap ! $19.02B

Open	High	Low	Value	Volume
$16.31	$16.67	$16.24	$65.39M	3.968M

Buyers (Bids)

No.	Vol.	Price($)
1	5075	$16.52

Sellers (Offers)

Price($)	Vol.	No.
$16.55	9220	3

View Market Depth

No.	Vol.	Price($)
1	5075	16.520
3	3501	16.510
1	4000	16.490
2	3792	16.480
2	803	16.450

Price($)	Vol.	No.
16.550	9220	3
16.560	19802	2
16.570	7682	1
16.580	21506	3
16.610	11072	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

NST (ASX) Chart

Best looking weekly chart, page-1501

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Best looking weekly chart, page-1501

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