#Gold #NK225 Whatever Greatland have done to offend the market, their share price has received a bit of a hammering. The headline news of them acquiring a further asset, along with news they intend to seek an additional listing for the enlarged company on the Australia Exchange (the ASX), it should be happy days but the market clearly feels unsettled. Or alternately are trying to frighten small investors as the share price potentials are currently foul. Essentially, it feels like there’s something going on we don’t entirely trust.
To be transparent, our entire knowledge of the gold industry is based on the excellent Gold Rush & Bering Sea Gold on the Discovery channel, along with an amateur effort to build a sluice in the stream which makes its way through our back garden. Every now and then, it gets cleaned out and each time produces two or three tiny little flakes of gold. While it’s certainly not commercial quantities, our haul over the last 10 years was given to a local jewellery designer who included it in the bunch of old gold rings & necklaces he was melting down to make a bracelet for our daughters birthday. The chap valued our haul over the last 10 years at around 90 quid, marginally diminishing my wifes scorn. In defence, the artificial grass which is supposed to capture gold is a problem, due to occasional overnight storms turning the placid stream into a raging torrent, scouring the carpet of grass clean.
However, with Greatland Gold trading in the area of Australia the chap Parker from Gold Rush viewed as Utopia for seeking gold in the continent, it seems sane to assume Greatland will enjoy better recovery rates than those from our back garden here in Argyll…
To dwell on the miserable potentials initially, apparently it’s the case weakness below 5p should trigger reversal to an initial 3p and hopefully a bounce. Our secondary, should 3p break, calculates at an absurd looking 0.1p. Our suspicion in this instance is the market shall ideally discover an excuse to gap the share price upward on morning, creating a game changing potential for the share price future. The reason we’re being a little cynical is due to the share price adherence to the Blue downtrend during August and September (circled in Red).
If things intend go right, movement above Blue currently at 7.4p should prove worthwhile, allowing price recovery to an initial 9p with our secondary, if bettered, at 10.7p. This secondary is important, due to the need for share price closure above such point to create a game changing scenario, where a long term cycle to an eventual 28p should commence.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:23:43PM | BRENT | 7058.2 | |||||||||
| 10:29:40PM | GOLD | 2511.17 | 2501 | 2490 | 2477 | 2513 | 2525 | 2531 | 2541 | 2515 | |
| 10:46:17PM | FTSE | 8252.2 | 8248 | Success | |||||||
| 11:47:45PM | STOX50 | 4813.1 | 4772 | Shambles | |||||||
| 11:14:28PM | GERMANY | 18483.4 | 18396 | ‘cess | |||||||
| 11:20:29PM | US500 | 5551.7 | 5478 | ‘cess | |||||||
| 11:25:30PM | DOW | 40842.5 | 40704 | Success | |||||||
| 11:37:11PM | NASDAQ | 19218.1 | 19075 | Success | |||||||
| 11:42:09PM | JAPAN | 36610 | 35284 | 35016 | 34458 | 35678 | 36678 | 37051 | 37640 | 36355 | Shambles |
11/09/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: £ 5,048,721,179 a change of -0.13%
10/09/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: £ 5,055,044,781 a change of 31.7%
9/09/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: £ 3,838,355,695 a change of -22.29%
6/09/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: £ 4,939,178,824 a change of -5.79%
5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%
4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%
3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92% 
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:CNA Centrica** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:TLW Tullow** **
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Updated charts published on : Centrica, Glencore Xstra, British Airways, IQE, Marks and Spencer, National Glib, Ocado Plc, Primary Health, Tullow,
LSE:CNA Centrica Close Mid-Price: 117.4 Percentage Change: -1.76% Day High: 120.3 Day Low: 116.2
Weakness on Centrica below 116.2 will invariably lead to 100p with second ……..
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View Previous Centrica & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 362.8 Percentage Change: -0.18% Day High: 371.85 Day Low: 360.7
If Glencore Xstra experiences continued weakness below 360.7, it will inv ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 193.5 Percentage Change: + 0.52% Day High: 194.4 Day Low: 192.1
In the event of British Airways enjoying further trades beyond 194.4, th ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE Close Mid-Price: 18.94 Percentage Change: -1.04% Day High: 20.9 Day Low: 18.02
Target met. If IQE experiences continued weakness below 18.02, it will in ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 351.7 Percentage Change: -1.37% Day High: 357.4 Day Low: 349.4
Target met. Further movement against Marks and Spencer ABOVE 357.4 should ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1042 Percentage Change: -0.10% Day High: 1048 Day Low: 1034.5
Continued trades against NG. with a mid-price ABOVE 1048 should improve t ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 325.2 Percentage Change: -3.99% Day High: 347 Day Low: 315.1
If Ocado Plc experiences continued weakness below 315.1, it will invariab ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 100.5 Percentage Change: -0.40% Day High: 101 Day Low: 99.25
In the event of Primary Health enjoying further trades beyond 101, the sh ……..
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View Previous Primary Health & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 22.7 Percentage Change: + 2.62% Day High: 23.4 Day Low: 22.12
In the event Tullow experiences weakness below 22.12 it calculates with a ……..
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View Previous Tullow & Big Picture ***