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TrendFollower last won the day on July 22

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About TrendFollower

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  1. Thanks @Caseynotes. I am out of the country for a month hence limited responses and posts from me but I return back to the U.K. at the end of August and normal service will resume! In my personal opinion a Bitcoin ETF will happen in the US. Have a look at XBT Provider which already provides Bitcoin and Ether trackers and is based in Sweden.
  2. TrendFollower

    Gold and Silver - Turning Bearish?

    I will reply to myself. Yes, I do think $1200 is coming soon and is on its way for Gold. The key is not to be clever and try and go long on something seeking value and trend reversal without clear indicators to support any assumptions. One must not go against the trend and must just ride the trend until it naturally changes. The timescale will be the unknown so one must sit back and try not to be too clever.
  3. I have to admit that the valuation is of an extremely high premium in my opinion based on current fundamentals. This may explain the initial fall in share price from IPO starting level. It has some interesting institutional support in the likes of Miton and Henderson so one has to keep an open mind. Also, has it really sold out all of the subscriptions? The website has show nothing but sold out on all three au subscriptions on offer.
  4. Argo Blockchain PLC Publication of a Prospectus & Results of Placing https://www.investegate.co.uk/argo-blockchain-plc/rns/publication-of-a-prospectus---results-of-placing/201807301823472278W/
  5. TrendFollower

    Cryptocurrency Mega Thread

    @Caseynotes, yes indeed. I am out of the country for a month now on both holiday and business so my posts will be scarce or virtually non existent over the next four weeks. I am leaving for the airport in the next half hour. Will catch up on my return.
  6. TrendFollower

    Brazil 60 - Possible Next Leg Up?

    Brazil 60 looking strong over July 2018 as the chart below shows. Now if you look at the chart with the 20 day, 50 day and 100 day moving averages then you will appreciate that this could start to get interesting for trend followers who have not entered this trade yet.
  7. TrendFollower

    Cotton - Strong Trend

    Cotton is beginning to look interesting again. It hit the $89 level today and there seems to be some short term momentum but whether there is enough legs for £100 is yet to be seen.
  8. TrendFollower

    Long Wheat London - Short Wheat Chicago - Potential Trade Idea

    Both Wheat London and Chicago are trying to breakout but I cannot recall the price of Wheat London so high over the past five years or so. There are different ways to play this trade. @cryptotrader has come up with an alternative way of playing this trade. I think if Wheat London hits $190.00 then I think speculators will force this up to $200.00. For Wheat Chicago I am not so sure whether this can hit the $606.00 level but lets see.
  9. TrendFollower

    Cryptocurrency Mega Thread

    What! After getting over my initial surprise at this news it is actually quite interesting. The Big Mac and McDonalds has played a part in measuring in economic terms 'purchasing power'. I think it was in the 80's that the Economist started using what is now till this date called the 'Big Mac Index' which is used as a way of measuring the purchasing power of international currency. I remember studying it in Economics many years ago. I would be surprised if it was a cryptocurrency. I will have to check my news feeds after finishing this post. I think 'tokenisation' is coming so this could be just a 'coupon' in digital coin or token form which is the future.
  10. When the public sector get a pay rise from UK taxpayers money then that is normally an inflationary sign! LOL😂 Interest rates are used as a tool to combat inflation. If interest rates rise then that will generally be considered as an acceptance of inflationary pressures on the UK economy. With Brexit uncertainty looming it certainly will be an interesting decision.
  11. TrendFollower

    Gold and Silver - Turning Bearish?

    Does anyone think $1200 is coming soon for Gold?
  12. TrendFollower

    Setting up a PLC to trade?

    It will be interesting to see what @cobibudge will decide based on comments and advice given here. If you feel comfortable then please do share your decision and if it is to do as you have suggested then that is fine as it is ultimately your decision.
  13. TrendFollower

    Gold and Silver - Turning Bearish?

    @rimmy2000, Have a look at XBT Provider One products. I use them for long positions on both Bitcoin and Ether. You may find them interesting. There is a company crowdfunding at the moment called Glint. It is overfunding as we speak. It is not something that interests me as I am not a believe in Gold and Silver going forwards. I favour cryptocurrencies but you may want to have a look at it. They are looking at using users using Mastercard to pay for goods and services using Gold.
  14. @JamesIG, The plus side of this is that it keeps traders in tune with market movements and their trades. The best trades are those which you live and breath. Editing a trailing stop manually with make sure traders are in tune with their trade. I know it is not idea but there are benefits if they want to be taken.
  15. TrendFollower

    Setting up a PLC to trade?

    @rimmy2000, yes I agree with your points. All I would add is that if @cobibudge continues to make profits and reinvest or trade these profits then his capital will grow and if they do this on a regular basis then they will not need any capital from friends or relatives.