NST

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$14.73 northern star resources ltd

I've closed all my puts on NST nowDropped some round $10.05...

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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.

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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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Add NST (ASX) to my watchlist

(20min delay)
Last $14.73		Change 0.210(1.45%)		Mkt cap ! $16.92B

Open	High	Low	Value	Volume
$14.56	$14.80	$14.54	$63.61M	4.321M

Buyers (Bids)

No.	Vol.	Price($)
4	25972	$14.72

Sellers (Offers)

Price($)	Vol.	No.
$14.79	3840	1

View Market Depth

No.	Vol.	Price($)
4	25972	14.720
2	28651	14.710
2	26184	14.700
2	14731	14.690
1	32276	14.680

Price($)	Vol.	No.
14.790	3840	1
14.800	650	1
14.810	6009	4
14.830	22584	3
14.840	14394	2

Last trade - 16.10pm 06/09/2024 (20 minute delay)

NST (ASX) Chart

I've closed all my puts on NST nowDropped some round $10.05...

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

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Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I&apos;ve closed all my puts on NST nowDropped some round $10.05...

Top Stories

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I've closed all my puts on NST nowDropped some round $10.05...