BBX 0.00% 24.0¢ bbx minerals limited

What are you even doing here? The liquidity is so terribly low,...

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  1. 11,185 Posts.
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    What are you even doing here? The liquidity is so terribly low, charts aren't going to work here. You just need a major holder to dump and the gap in the chart will give you vertigo. They'll be smarter than that though. It doesn't cost much to employ companies with algos to off load your shares on the sly.

    Just because I use FA for stock selection it doesn't mean I can't use TA. I don't use TA for stocks either. I just use it to measure the performance of the sector ie when a gold stock rally is likely to be well confirmed. That's when you can add to your gold portfolio with more confidence. The gold price is too unreliable to predict the markets appetite for gold producers. You need to see evidence of some real sector rotation and the HUI:Gold ratio is the best tool for that. It basically measures the market interest in gold stocks verses the markets interest in the underlying commodity, gold!!! No point getting excited about a rising gold price if the big US investors that are the tail that wags the dog back in Australia aren't interested in buying gold stocks. I don't invest in gold I invest in gold stocks!!! so I need to know when the true rallies are on. We haven't had a true rally since Jan 2016. Still waiting.Esh
 
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