#GOLD #US500 When Scotlands single producing Gold Mine at Tyndrum, here in Argyll, managed to cease trading in 2023, it typified something Scots excel at, snatching defeat from the jaws of victory. The company (LSE:SGZ) were actually successfully extracting gold (8,500 ounces) at a time when the price of Gold had “soared” to over $2,000 per ounce. They hadn’t been flagrant in buying machinery, instead trawling South Africa for 2nd hand equipment, even managing to maximise an income stream from gullible investors who believed great times were ahead. The tourism business in Scotland can often be regarded as a case study in “how not to do it”, where even here locally, we’ve had some hysterical run-ins with business’s by asking for the obvious. For instance, Loch Lomond is famed worldwide for astounding scenery but real perfection exists on the east side of the loch where a hotel exists which only caters for tourists who arrive on buses.
We moored in their harbour, headed up to the hotel bar/restaurant and attempted to order lunch. It was 12.30pm on a Saturday and we’d friends from America and New Zealand waiting to be impressed. From the picture window of the bar, we could see crowds of folk down on the pier but the bar/restaurant was empty. The barmaid said the best she could offer was some crisps as the kitchen staff hadn’t turned up! Apparently, they’d probably not be in until after 3pm when the tour bus usually arrived. Another disaster locally came from a potentially brilliant restaurant, the place located in a prime location for views of boat movements, looking out to sea. My wife and I dropped in for lunch, ordering a couple of Lattes, the owner taking the time to explain he did not supply “breakfast coffee” at lunchtime. While such may still be true in a few areas of Italy, it’s emphatically not true in the UK. So we explained we didn’t supply lunchtime custom for such a pretentious policy and promptly left. Just 50 yards away, we ordered our Lattes in another cafe, one with unrestricted views of the ferry terminal with just a glimpse of the soon to shut down defender of Italian “breakfast coffee” rules.
We don’t know why it all went wrong for ScotGold but suspect the primary cause was believing their own BS, adored by the media and government for doing actual gold mining in an incredibly pretty area, well served by transport and boasting two railway stations. While their listing on the AIM stock market perhaps was intended to add a cachet of respectability, when they diluted their issued shares, for us the writing was on the wall as it’s a tactic we abhor across the UK markets.
There’s a “however” with ScotGold, the ashes of the company recently sold to a South African company who plan to bring Tyndrum back into production. With the price of Gold almost double its level when ScotGold fell off a cliff, it should surely be an attractive process. Hopefully they look at the other Gold Mine in Tyndrum, the (excellent) “Real Food Cafe” and decide to use the level of tourism to enhance their income. After all, who wouldn’t enjoy a tour of a Gold Mine?
Of course, this rant has been an attempt to conceal our confusion about the price of Gold. It has “almost” gone higher than arithmetically possible, at least from our perspective.
When we reviewed the metal back in July, we showed 3,713 dollars at the top of the chart, a difficult ambition to justify as the metal was around $3,387 when we produced our report. With it currently around 3,860 dollars, we’ve been looking hard at movements since it managed to exceed our 3,713 target, this always being a horrible scenario as we hate using such a short term influence to predict the future. To be blunt, it’s like emulating a BBC weather report, usually generated by someone looking out of the window, then glancing at a newspaper prediction which was probably generated by a previous BBC weather report.
Currently, above 3,864 for GOLD looks like it holds the potential for movement now to an initial 3,878 dollars with our longer term secondary, if exceeded, at a rather less confident sounding $3,945. At this point, we’d be inclined to suspicion, expecting market gremlins to miraculously propel the price to the $4,000 level and thus, create an impression 4,000 dollars has been anointed as the highest level GOLD shall achieve. Should this prove to be the case, it would tend imply some market manipulation was taking place and it’d be sensible for a bunch of folk to open Short positions, anticipating $4,000 being a level which shall prove as impermeable as a politicians brain. And once sufficient number of traders open short positions at the 4,000 level, it’d be a wizard wheeze for the metal to bubble higher yet again, tripping a bunch of very profitable stop-loss positions.
We tend be quite cynical about this sort of thing, the same playbook followed on many occasions with many different instruments. Should the scenario run true to form, once the price spends a little time above the $4,000 level, at such a point sharp reversals can be anticipated. Life for Gold is certainly looking interesting.
Nearer term, if things intend go wrong for GOLD, below the immediate Red trend at 3,756 could be a problem, calculating with the potential of triggering reversals to an initial 3,619 with our secondary, if broken, at 3,407 and an almost certain rebound, judging by the visuals.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:29:08PM | BRENT | 6604.1 | |||||||||
| 10:31:51PM | GOLD | 3858.73 | 3793 | 3771 | 3737 | 3823 | 3872 | 3883 | 3913 | 3831 | Success |
| 10:33:53PM | FTSE | 9361.4 | Success | ||||||||
| 10:36:27PM | STOX50 | 5532.1 | Success | ||||||||
| 10:39:35PM | GERMANY | 23899.5 | Success | ||||||||
| 11:11:06PM | US500 | 6672.3 | 6641 | 6626 | 6604 | 6670 | 6692 | 6701 | 6721 | 6668 | ‘cess |
| 11:13:16PM | DOW | 46350 | |||||||||
| 11:15:52PM | NASDAQ | 24638.1 | ‘cess | ||||||||
| 11:28:40PM | JAPAN | 44853 | Success |
30/09/2025 FTSE Closed at 9350 points. Change of 0.55%. Total value traded through LSE was: £ 6,823,355,297 a change of 26.57%
29/09/2025 FTSE Closed at 9299 points. Change of 0.16%. Total value traded through LSE was: £ 5,390,872,598 a change of -5.48%
26/09/2025 FTSE Closed at 9284 points. Change of 0.77%. Total value traded through LSE was: £ 5,703,129,904 a change of 4.79%
25/09/2025 FTSE Closed at 9213 points. Change of -0.4%. Total value traded through LSE was: £ 5,442,375,561 a change of -9.6%
24/09/2025 FTSE Closed at 9250 points. Change of 0.29%. Total value traded through LSE was: £ 6,020,048,725 a change of -2.61%
23/09/2025 FTSE Closed at 9223 points. Change of -0.03%. Total value traded through LSE was: £ 6,181,494,945 a change of 35.23%
22/09/2025 FTSE Closed at 9226 points. Change of 0.11%. Total value traded through LSE was: £ 4,570,964,348 a change of -68.27% 
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:AAL Anglo American** **LSE:BBY BALFOUR BEATTY** **LSE:HSBA HSBC** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **LSE:TSCO Tesco** **
********
Updated charts published on : Anglo American, BALFOUR BEATTY, HSBC, Sainsbury, Serco, Tesco,
LSE:AAL Anglo American. Close Mid-Price: 2785 Percentage Change: + 1.09% Day High: 2792 Day Low: 2725
All Anglo American needs are mid-price trades ABOVE 2792 to improve accel ……..
</p
View Previous Anglo American & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 647 Percentage Change: + 0.54% Day High: 653 Day Low: 643
Further movement against BALFOUR BEATTY ABOVE 653 should improve accelera ……..
</p
View Previous BALFOUR BEATTY & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1045 Percentage Change: + 0.48% Day High: 1051 Day Low: 1040.6
Target met. Further movement against HSBC ABOVE 1051 should improve accel ……..
</p
View Previous HSBC & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 334 Percentage Change: + 1.21% Day High: 335.4 Day Low: 328.6
Target met. In the event of Sainsbury enjoying further trades beyond 335. ……..
</p
View Previous Sainsbury & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 236.8 Percentage Change: + 0.68% Day High: 238.4 Day Low: 234.6
Target met. All Serco needs are mid-price trades ABOVE 238.4 to improve a ……..
</p
View Previous Serco & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 445.5 Percentage Change: + 1.09% Day High: 447.5 Day Low: 439.2
Target met. All Tesco needs are mid-price trades ABOVE 447.5 to improve a ……..
</p
View Previous Tesco & Big Picture ***