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#Gold #Dax Hopefully this is our final grumble about Argyll’s weather for August. The annual monsoon has arrived, delivering what feels like a month’s worth of rain in the space of an hour, accompanied by 60mph winds, temperatures dropping to 11\u00b0C, and a garden waterfall that sounds like an F-35 making a vertical take-off. In other words, here in our corner of Scotland, the weather is dreadful, though at least it remains reassuringly predictable. If the usual pattern holds, the final couple of weeks of August should be reasonably pleasant before September ushers in autumn with a proper cold snap.<\/p>\n
Of greater irritation, perhaps, is knowing pushing the magic button to retract the mechanical roof of the VW shall be a rare event for the rest of the year! It would be accurate to admit this \u00a31,500 car (for the dogs to ruin) still rates as one of the most fun vehicles ever owned. Needless to say, it is being properly maintained as a “keeper”.<\/p>\n
Our predictive abilities also appear to apply to Georgina Energy Plc. We reviewed their share price potentials a couple of months ago, giving a couple of target levels, both of which have now been achieved. The next big deal demands the share price CLOSE a session above 13.8p but so far, movements have proven a bit reticent, the highest closing price being 13.75p.\u00a0 From our perspective, missing target by just 0.05p is actually a big deal, a suggestion the market isn’t yet ready to allow the share price to fly solo. However, intraday traffic (not the closing price) allowed for the share price to exceed our 13.8p twice in the last week, so perhaps there is room for optimism.<\/p>\n
It’s certainly now the case where movement above 14.8p shall be seen as triggering travel to an initial 15.8p with our secondary, if beaten, at 19.5p. These are fairly significant ambitions, launching the share price into a zone where a future 33p shall be viewed as exerting a distant attraction.<\/p>\n
Of course, there is always a downside scenario. A fall below 11.5p would increase the risk of a retreat towards an initial target at 8p. Should that level fail to hold, our secondary support lies at around 5.7p, where we would expect a more substantial “bouncy bottom” to emerge.<\/p>\n
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