#FTSE #Stoxx50 The Discovery Channel continues to host our favourite telly, namely Bering Sea Gold and Gold Rush. The lengths to which miners are prepared to go to unearth just a few ounces of the yellow stuff are extraordinary and sometimes questionable. The current series of Bering Sea Gold has divers working under the sea ice, hot water pumped into their diving suits to ensure a miner doesn’t turn into a frozen treat for a peckish Polar bear. But a glance at Metals Exploration website takes the process to a new level.
Gold Rush, for instance, has seen miners excavating some pretty big holes in Canada and Alaska. But when you look at what a professional organisation are up to, everything looks familiar, just massively bigger. Metals Exploration’s project in The Philippines visually transforms the folk from the Discovery Channel into the gold mining equivalent of Lego figures when compared to the real world!
However, Metals Exploration share price movements fail to reflect the depth of their hole in the ground. Since 2017, their share price has done very little to reflect changes in the price of Gold. The intervening period has seen Gold shuffle from $1200 up to highs of over $2000. Meanwhile, MTL travelled from 4p down to below 0.5p, recovering to just over 2p currently.
But we’re seeing some early signs change may be afoot.
For various reasons, we’ve allocated just 2.25p as a viable trigger level, expecting share price closure above such a point to herald a change in pace with a potential lift to an initial 2.7p with our longer term secondary, if bettered, at 3.25p. We’re obviously taking some licence with the words “longer term” as such a movement would probably happen by the next day… Closure above 3.25 shall doubtless become the next major hurdle, effectively emplacing the share price in a zone where a cycle to a future 6.50p becomes probable for the future.
At present, similar to our favourite TV programs, this share price appears worth watching. Should 6.5p ever make an appearance, we shall revisit the share.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:59:24PM | BRENT | 85.32 | |||||||||
| 10:01:37PM | GOLD | 1942.66 | Success | ||||||||
| 10:04:03PM | FTSE | 7474 | 7462 | 7449 | 7433 | 7482 | 7510 | 7515 | 7532 | 7480 | |
| 10:06:44PM | STOX50 | 4323.5 | 4292 | 4274 | 4249 | 4328 | 4347 | 4357 | 4379 | 4317 | |
| 10:08:39PM | GERMANY | 15918.16 | |||||||||
| 10:10:59PM | US500 | 4518.52 | ‘cess | ||||||||
| 10:13:28PM | DOW | 34961.6 | ‘cess | ||||||||
| 10:15:42PM | NASDAQ | 15476.8 | Success | ||||||||
| 10:19:47PM | JAPAN | 32417 |
30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%
29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%
25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%
24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%
23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%
22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%
21/08/2023 FTSE Closed at 7257 points. Change of -100%. Total value traded through LSE was: £ 3,872,219,406 a change of 0%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FOXT Foxtons** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **
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Updated charts published on : Block Energy PLC, Cellular Goods, Centrica, Foxtons, Rolls Royce, Spirax,
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.35 Percentage Change: + 8.00% Day High: 1.35 Day Low: 1.25
Further movement against Block Energy PLC ABOVE 1.35 should improve accel ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 0.6 Percentage Change: -11.11% Day High: 0.68 Day Low: 0.6
Weakness on Cellular Goods below 0.6 will invariably lead to 0.5 giving a ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 150 Percentage Change: + 0.70% Day High: 150.8 Day Low: 148.2
All Centrica needs are mid-price trades ABOVE 150.8 to improve accelerati ……..
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View Previous Centrica & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 37 Percentage Change: -1.07% Day High: 37.7 Day Low: 36.5
In the event Foxtons experiences weakness below 36.5 it calculates with a ……..
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View Previous Foxtons & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 216.8 Percentage Change: + 1.83% Day High: 217.9 Day Low: 212.3
In the event of Rolls Royce enjoying further trades beyond 218, the share ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 10065 Percentage Change: + 0.99% Day High: 10080 Day Low: 9910
All Spirax needs are mid-price trades ABOVE 10080 to improve acceleration ……..
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View Previous Spirax & Big Picture ***