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Nigel Ng

Joined: 09/04/16


Comments by Nigel Ng
Barrick Gold Feb 20, 2020 11:53PM ET
sit tight is applicable as long price behavior is acting right. I do not mean forever. sit tight is applicable as long price behavior is acting right. I do not mean forever.
Barrick Gold Feb 20, 2020 11:51PM ET
yes. I see smart money started pull off from gdx and miners way even gold has extra miles to climb by then. I think this has largely to do with perception of risk/reward. The were cashing out to get in after crisis discounted quality value/growth stock for long term passive play. Afterall miners are cyclical and sentimental play. Smart money will sot tight at early to mid and when public euphoria kicks in , they will not exit. I will do the same. So we must track unsual high volume and unusual price spike. And do not try to squeeze beyond all time resistance level as that is when psychology kicks in. If u want, u can book some profits and let the rest try push beyond. But i will take full profit and hunt for alibaba. yes. I see smart money started pull off from gdx and miners way even gold has extra miles to climb by then. I think this has largely to do with perception of risk/reward. The were cashing out to get in after crisis discounted quality value/growth stock for long term passive play. Afterall miners are cyclical and sentimental play. Smart money will sot tight at early to mid and when public euphoria kicks in , they will not exit. I will do the same. So we must track unsual high volume and unusual price spike. And do not try to squeeze beyond all time resistance level as that is when psychology kicks in. If u want, u can book some profits and let the rest try push beyond. But i will take full profit and hunt for alibaba.
Barrick Gold Feb 20, 2020 11:35PM ET
glad u align the market index with barrick and identify that in the past there were strong positive coorelation. But related tricky coorelation with gold. But be flexible that such coorelation may not always hold as there are other variables involve. Such as high inflation or low inflation environment differences , such as britton woods before and after, dollar’s trend, long term interest rate trend, different events of global risks, central bank demand for gold, and supply of gold such as peak gold. Of which each might be different between now and the past. Which differ the coorelation between gold, miners, dollar, interest rate , inflation and market index. To be honest, i have not seen any perfect relation between them. They can go positive and negative. i see in this current time is gold and fundamentally strong miners have positive but not perfect coorelation , strong miners+ have high coorelation with GDX+ , weak coorelation of gold+USD+, bond yield-/gold+ strong negative for now
Barrick Gold Feb 20, 2020 11:20PM ET
At times. We need to apply psychology.
Barrick Gold Feb 20, 2020 11:18PM ET
we cannot firmly conclude that barrick is negatively coorelated to gold. It is not true. The coorelation is not a perfectly positive one. But there is relatively positive one which is not fixed. In the past , gold were hitting 1800 highs. Yet miners already peaked way before it. During that period. It turned negative coorelation. This is why from my experience. I suggest timing exit of miners to be based solely on miners’ weekly/monthly chart itself. Miners are largely held by insitutions knowing that this is a cyclical play instead of a growth play. So after crisis, they are more attractive and hungry for value / growth stocks at a discount after crisis. So even if gold price still remains high and climbing for the final extra miles, the extra reward isnt as great of a risk/reward offered by after crisis discounted long term true value/growth play. Afterall, gold is sentimental play. This is my best logical reason. we cannot firmly conclude that barrick is negatively coorelated to gold. It is not true. The coorelation is not a perfectly positive one. But there is relatively positive one which is not fixed. In the past , gold were hitting 1800 highs. Yet miners already peaked way before it. During that period. It turned negative coorelation. This is why from my experience. I suggest timing exit of miners to be based solely on miners’ weekly/monthly chart itself. Miners are largely held by insitutions knowing that this is a cyclical play instead of a growth play. So after crisis, they are more attractive and hungry for value / growth stocks at a discount after crisis. So even if gold price still remains high and climbing for the final extra miles, the extra reward isnt as great of a risk/reward offered by after crisis discounted long term true value/growth play. Afterall, gold is sentimental play. This is my best logical reason.
Barrick Gold Feb 20, 2020 11:09PM ET
it is best to make sense out of this company ‘s long term trend stand alone first. Then u see it is highly inversely correlated with market index which Both are cyclical. One is boom one is bust. Relation is flight to safety. Relation to gold is more tricky. Generally positive coorelation in this period if we ignore the past decade. But timing the gold miners or etf based on gold is good for entry. But i think for exit , one should focus purely on company and industry price and volume. The industry can be track using GDX which has high coorelation with barrick since barrick is 2nd largest holding. it is best to make sense out of this company ‘s long term trend stand alone first. Then u see it is highly inversely correlated with market index which Both are cyclical. One is boom one is bust. Relation is flight to safety. Relation to gold is more tricky. Generally positive coorelation in this period if we ignore the past decade. But timing the gold miners or etf based on gold is good for entry. But i think for exit , one should focus purely on company and industry price and volume. The industry can be track using GDX which has high coorelation with barrick since barrick is 2nd largest holding.
Morgan Stanley Feb 20, 2020 8:10PM ET
Very good
Morgan Stanley Feb 20, 2020 8:10PM ET
Lower high
IAMGold Feb 20, 2020 1:04PM ET
if that take over happens. It still doesnt gurantee an immediate change to its performance. Why bet on its leap of faith when u can buy already strong miners ? Like barrick. if that take over happens. It still doesnt gurantee an immediate change to its performance. Why bet on its leap of faith when u can buy already strong miners ? Like barrick.
IAMGold Feb 20, 2020 12:58PM ET
one of investing rule - never anticipate untill price action conform itself. - never listen to news or rumour or analyst. - never hope or guess or wish. one of investing rule - never anticipate untill price action conform itself. - never listen to news or rumour or analyst. - never hope or guess or wish.
IAMGold Feb 20, 2020 12:55PM ET
here is exactly what is call wishful thinking. It turns out to be hoping snd gambling. here is exactly what is call wishful thinking. It turns out to be hoping snd gambling.
Barrick Gold Feb 20, 2020 12:32PM ET
Academia who fail at common sense.
VanEck Vectors Gold Miners Feb 20, 2020 12:20PM ET
U call this little breathtaking of the bull down??? Dont be freaking out. Look at the bigger picture.
Barrick Gold Feb 20, 2020 12:17PM ET
I quit you.
Barrick Gold Feb 20, 2020 12:16PM ET
Non meaningful convo here.
Barrick Gold Feb 20, 2020 12:14PM ET
there is no inverse coorelation. Not a strong positive coorelation that is determined. there is no inverse coorelation. Not a strong positive coorelation that is determined.
IAMGold Feb 20, 2020 11:35AM ET
 excatly.. it almost appeared to be a higher low. but it ended side way... where is the flow of demand?? its absence.. or is it, supply is offsetting at the same time..thats why i pointed out large dumping on weekly volume driving price down instead . excatly.. it almost appeared to be a higher low. but it ended side way... where is the flow of demand?? its absence.. or is it, supply is offsetting at the same time..thats why i pointed out large dumping on weekly volume driving price down instead .
IAMGold Feb 20, 2020 11:32AM ET
 i aint overthinking. i never guess nor assume . i read what is right there.. look, the unusual volume with the falling price... u know what i mean if u understand volume... it is VERY DANGEROUS SIGN. i aint overthinking. i never guess nor assume . i read what is right there.. look, the unusual volume with the falling price... u know what i mean if u understand volume... it is VERY DANGEROUS SIGN.
IAMGold Feb 20, 2020 11:30AM ET
 never anticipate untill the current price is confirm formed a right inverted shoulder. it might become a lower low.. never anticipate untill the current price is confirm formed a right inverted shoulder. it might become a lower low..
Barrick Gold Feb 20, 2020 11:24AM ET
 who taught u that of gold moves up 0.6%, barrick must move up 0.6% ? that is silly thinking my dear.  theres something known as beta. and u can never ever make sense out of short term fluctuation . if u seem before 2016, gold was on a mega decade up trend from 300$ to 1800+$ , but the gold miners share prices are instead moving in a cyclical manner. focus more on the price of the miners instead. who taught u that of gold moves up 0.6%, barrick must move up 0.6% ? that is silly thinking my dear.  theres something known as beta. and u can never ever make sense out of short term fluctuation . if u seem before 2016, gold was on a mega decade up trend from 300$ to 1800+$ , but the gold miners share prices are instead moving in a cyclical manner. focus more on the price of the miners instead.
IAMGold Feb 20, 2020 11:15AM ET
 u realised it now. look at how they dump the shares while the industry is making new 52 weeks highs with gold price soaring. its obviously the management and insiders. there arent much institutions, investments banks, and large hedge fund money in this companies. they are all in vaneck GDX, which large chunk are in Barrick gold and Newmont goldcorp. u realised it now. look at how they dump the shares while the industry is making new 52 weeks highs with gold price soaring. its obviously the management and insiders. there arent much institutions, investments banks, and large hedge fund money in this companies. they are all in vaneck GDX, which large chunk are in Barrick gold and Newmont goldcorp.
IAMGold Feb 20, 2020 11:12AM ET
can u see, theres something very bad happening behind this stock. it might be bad management. they are dumping the shares on february 2020 when gold price and all other top miners are making new 52 weeks highs. this is bad sign..... very unfair. this is why, always never touch a small company because it can manipulate.only goes for the leaders.
IAMGold Feb 20, 2020 11:08AM ET
common mistake naive folks make is cherry picking companies which has the lowest price among all others in same industry. thinking just because it has the lowest price it is most undervalue. not knowing it is so lowly price for a good reason. cheap or undervalue cannot be determine by simply looking at price, the price tells nothing. certainly doesnt mean it is cheap. it is naive to think that 100 cannot goes to 10,000. and to think because now is 1 dollar, it can easier goes to 10 giving x10 fold. truth is, a bad stock that is lowly price even at 1 can goes to 0. it is silly to think that it is 1 , so how low can it go? it is 0.1 how low can it go? the answer is again 0 is possible. a bad stock in a performing industry, can do as bad while all of its good peers do well. and do much worse if its in a underperforming industry. this is exactly what u r swearing at now. always remember, buy the leaders of a performing industry. not the poor performers which u think its "cheap". its junk.
VanEck Vectors Gold Miners Feb 20, 2020 10:33AM ET
okay. remember to tell us your result . dont go missing later.
Harmony Gold Mining Feb 20, 2020 10:07AM ET
Bottom fishing. Anyone understand this term?