ARD argent minerals limited

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Not much point in selling now but another good lesson in taking...

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02/10/19

09:43

Post #: 40678562
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Originally posted by Silvermarc ↑

GOLD BULL ALERT: What To Expect Next For Gold After Yesterday’s Plunge Ended One Of Gold’s Longest Streaks In 4 Decades

KWN..
This is a very important alert on what to expect next for the price of gold after yesterday’s plunge ended one of gold’s longest streaks in 4 decades.

Gold Streak
October 1 (King World News) – Jason Goepfert at SentimenTrader: “For the first time in more than four months, gold fell below its 50-day moving average, ending its 8th-longest streak above that average. It also comes relatively soon after gold had reached a 52- week high. Similar action led to further short-term selling, but long- term gains.
Gold hasn’t been able to catch much of a break. Risk has been building for a while, then the market broke early in September. That kind of behavior has a tendency to lead to even more selling pressure, and so far it’s been following through.
Now the metal has busted below its 50-day average for the first time in more than four months. (See chart below).

sentimentrader.com
Rarely Seen
Over the past 45 years, it’s been rare to see gold go this long above its moving average, even during the big momentum runs in the late 1970s and early 2000s…
Below, we can see that the end of the current streak at 87 days above its 50-day average ranks among the longest in over four decades.

The End Of A Historic Run

This Trading Action Only Happens During Long-Term Bull Markets
Displays of extreme momentum, however, often signify some fundamental or structural change in a market. When buyers were interested enough in gold to sustain it above its moving average for months at a time, it occurred almost exclusively during long-term bull markets. So, returns over the next 6-12 months were impressive. (See chart and table below).

Gold’s 6-12 Month Returns (After The End Of Historic Runs) Have Been Extremely Impressive Averaging Nearly 30% Gains For Gold 12 Months Later!

Looks like excellent Risk to Reward to me???

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Not much point in selling now but another good lesson in taking
profits along the way and maybe buying some bullion on the dips.
Anyone with PM's when it goes belly up will be able to buy a lot of luxury
items really cheap. Remember when HK hit the wall? Porsches and Rolls-royce's
were going REALLY cheap so they could save themselves from bankruptcy.
And they were RHD cars too!

ARD Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $31.81M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$40.07K	1.812M

Buyers (Bids)

No.	Vol.	Price($)
8	1837970	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	30000	1

View Market Depth

No.	Vol.	Price($)
8	1837970	0.021
10	3048500	0.020
11	2266053	0.019
7	2989004	0.018
7	1347341	0.017

Price($)	Vol.	No.
0.023	2051107	6
0.024	647125	4
0.025	277800	2
0.026	533600	2
0.027	1287635	6

Last trade - 14.50pm 20/06/2025 (20 minute delay)

ARD (ASX) Chart

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