#Gold #SP500 The diamond market is a funny old place. With commodities, you can either weigh them or measure them but diamonds differ, due to their value being a matter of perception. The famous 4C’s of diamond quality; Colour, Clarity, Cut, and Carat Weight join together and the outcome gives a pretty definite number. A 1 carat diamond is worth anywhere between the $2,000 mark and $12,000 US dollars.
Of course, some diamonds completely break the mould. Gem Diamonds were famous for the fabulously pretty Letšeng Diamond, a pink coloured frivolous rock which sold at auction for just under US$9 million. Once polished and cut, the resultant teardrop shape fitted nicely into a gold ring! For those interested in such matters, Gem Diamonds web page has a gallery of “Our Famous Diamonds” which is worth viewing, once you finish pondering the pictures of their massive operations in Lesotho and a truly intimidating hole in the ground.
Once finished with the company website but still aghast at the vast sums of money attached to gemstones, we were expecting to be dazzled by the company share price performance. Instead, since 2008, the stock market seems about impressed with their share price as we are with folk who like blatant jewellery. However, in March of this year, their share price finally broke through its long term downtrend and, while not showing any interest in returning to its historical 12 quid level, there are a few useful potentials visible for the future.
The immediate picture is a little confusing, thanks to the price breaking below the Red uptrend since 2020, quite firmly implying we should expect weakness below 57p to drag the share down to 50p next. We’d hope for a bounce from such a level, especially as if broken, the share could opt to head downhill to a hopeful bottom of 39p. For now, we suspect somewhere around the 50p mark is the market intention.
But it’s not all bad news.
Thanks to the price breaking through its immediate Blue downtrend, there’s a reasonable hope the share price is ‘just’ experiencing a complex route for longer term price recovery.
This being the case, any recovery capable of exceeding 71p is liable to prove useful as this looks capable of triggering movement to an initial 93p. Should the 93p level be exceeded, our longer term ambition calculates at 117p, a point where the visuals on the chart demand we again revisit the price to examine future possibilities.
Again, our thanks to the folk who effectively buy us a daily coffee by finding adverts on this page worth a visit.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:19:10PM | BRENT | 73.87 | |||||||||
| 10:38:45PM | GOLD | 1807.37 | 1792 | 1787 | 1780 | 1803 | 1810 | 1816 | 1824 | 1800 | Shambles |
| 10:40:42PM | FTSE | 7014.08 | |||||||||
| 10:42:18PM | FRANCE | 6598 | ‘cess | ||||||||
| 10:44:06PM | GERMANY | 15553 | |||||||||
| 10:47:32PM | US500 | 4400 | 4386 | 4383 | 4372 | 4403 | 4408 | 4417 | 4432 | 4396 | |
| 10:50:09PM | DOW | 34982 | |||||||||
| 10:52:57PM | NASDAQ | 14995 | ‘cess | ||||||||
| 10:55:52PM | JAPAN | 27791 |
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
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:BARC Barclays** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **
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Updated charts published on : Barclays, Natwest, Primary Health, Quadrise, Rolls Royce, Spirax,
LSE:BARC Barclays. Close Mid-Price: 172.76 Percentage Change: + 2.00% Day High: 178.64 Day Low: 172.48
This has gotten interesting. Above 179 confirms the potential of an attemp ……..
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View Previous Barclays & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 201.5 Percentage Change: -0.05% Day High: 204.7 Day Low: 200.9
Near term, above 205 now points at 211.8 with secondary, if exceeded, a ra ……..
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View Previous Natwest & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 163.4 Percentage Change: + 1.68% Day High: 164.7 Day Low: 160.9
Further movement against Primary Health ABOVE 164.7 should improve accele ……..
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View Previous Primary Health & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 2.8 Percentage Change: -7.59% Day High: 2.9 Day Low: 2.64
Target met. In the event Quadrise experiences weakness below 2.64 it calc ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 101.7 Percentage Change: + 3.49% Day High: 103.24 Day Low: 97.72
Target met. Further movement against Rolls Royce ABOVE 103.24 should impr ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 15020 Percentage Change: + 2.11% Day High: 15095 Day Low: 14690
Target met. In the event of Spirax enjoying further trades beyond 15095, ……..
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View Previous Spirax & Big Picture ***