Taseko Mines Ltd T.TKO

Oh the drama

[spitfireIVX]

Of watching copper punch through $4.60 and pull back over and over.  Technical guys, what does that mean?

[Cognition777]

support/resistance lines are price points where you may anticipate a stall in price movement which indicates that investor optimism/pessimism has reached equilibrium. Prices often hover at such points until the conviction of either buyers or sellers overcomes the other... it could be minutes, hours, or days before that happens. Escalating conviction can be seen by how far the price wanders from

[metalhead666]

Well then!  No need to pay attention to the FED tomorrow or China or news or mine supply or anything else!  One magic number will beget other magic numbers totally disconnected from reality.  

[metalhead666]

It means nothing...absolutely nothing.  I'll guarantee you it won't be there today or tomorrow or next week or month or a year from now so it means nothing whatsoever.  It's pattern seeking primates looking for shapes in the clouds 

[Cognition777]

last post for a bit here because we primates get fed after the giraffes and I just saw the zookeeper pass by with a cart full of acacia leaves for them... what you don't seem to understand, metal, is that technical investors understand that fundamentals like the Fed, CHina news, etc do affect market prices... and how they affect market prices can be clearly seen in the market price. what

[metalhead666]

That's special. Now using your tools and all the other smart people dropping bread crumbs for you to follow...Tell me the closing price every Friday for the rest of the year...we'll keep track of how many times you're right and how many you're wrong.

[Cognition777]

Firstly, science pays attention to details. I never once gave a timing of the price... so you aren't paying attention. Secondly, you say that fundamentals set the price; that's your hypothesis. So you tell me what the price will be this Friday and every Friday for the rest of the year. Stop shifting the burden of proof. You give yourself lattitude to work within variables, and changes in

[metalhead666]

Produce just one single academic peer reviewed empirical statistically viable study ever done by anyone anywhere that DEMONSTRATES that any t/a system has a quantifiable advantage over random guessing.  With Trillions of $$$ at stake surely there is one such study in the 200 years of markets that shows what works and to what reliability. You use the word "probability"....tell me

[Cognition777]

You asked, "Have you ever taken a statistics and probability class?" You said, "I don't use the word "probability" I think in terms of likelihood" Wikipedia: "Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The higher the

[metalhead666]

A "probability" is a quantified numerical statement.  Saying something is more likely than unlikely is not a quantified statement.  A probability is a specific statement whereas a "likelihood" is a general statement. You haven't asked any question that wasn't malformed.  I offered you the challenge to produce a single academic study verifying in any way

[Cognition777]

so you sarcastically asked me if I've ever taken a "probability" class, referring to how science works. then you defended your methods as working on "likelihood" not "probability", while simultaneously inferring in almost every post that your methods are scientific and not voodoo. my posts on TA also infer likelihood, not exactitudes or quantified probabilities...

[metalhead666]

Investing/speculating is not, never has been and never will be a "science" and I never said or implied that I take any scientific stance with my investments.  There is randomness which cannot be modeled. There is human behavior which cannot be predicted. There's manipulation and machine trading which neither you or I can fathom....that being said....given all the subjective

[Joe455]

 Play the odds and spread the risk.  TKO looks like a good risk at this price.

[Notgnu]

Thank you for the fun, well thought out and well written dialectical debate over here. The NCU board has mainly only had a few drole trolls as of late. I even have had to stoop to just taking the ol'e dogg for a walk now and again to keep a little bit of entertainment going. Cheers, Notgnu

[JCSunsfan]

You say it's not a science yet you demand empirical evidence from others that you do not demand for yourself.  You don't like TA.  Good for you.  Nothing wrong with taking a purely fundamental approach.  It's the overstatement and belittling that grates.

[metalhead666]

The t/a tards insist on specific cause and effect...that demands proof.  

[Cognition777]

AH, Metal... perhaps one day you will join me in the cage, or better yet, they will let me out of mine. Bananas were great this morning... only slightly brown. You're making some assumptions that I have never claimed. I never once said the squiggly lines predict anything. Rather, like the fundamental analysis, technicals show trends, patterns, etc of investor sentiment over time. Since market

[metalhead666]

And like I've repeated countless times....ALL T/A IS 100% BACKWARDS LOOKING!  So what if you saw an elephant in the clouds yesterday?  Telling me what WAS does NOTHING to tell me what will be...or even might be. A chart represents ONLY what something has done. Full Stop. It implies NOTHING about what it will or might do.

[metalhead666]

There is an equilibrium AT ALL TIMES.  Right now the equilibrium in copper futures is $4.555. It is in perfect equilibrium between buyers and sellers. Has NOTHING to do with it being $4.60 yesterday or $4.49 tomorrow. 

[metalhead666]

Pay attention to "sentiment" you say?  Tell me what the "sentiment" is going to be tomorrow and how you know.  Just like your imaginary numbers "sentiment" is a moving target...what sentiment WAS yesterday IS NOT what it will be tomorrow. So even if you could gauge "sentiment" right this second that would tell you exactly NOTHING about what it will

[Cognition777]

Oi ... here we go again, pay attention this time please. You keep saying charts are 100% backward looking. That's what I said, so what's your point. You keep saying that "Telling me what WAS does NOTHING to tell me what will be...or even might be." Yet you use current fundamental data to predict what you believe will happen in the future BASED ON HOW THAT DATA HAS AFFECTED

[Notgnu]

I have started to chart this debate by plotting out the 'marginal futility curve.'  Lol: 'ego' on the X axis and tenacity on the Y axis. The chart tells me it will go on for a while and then suddenly drop off in a fundamental way. Just fun'n yah, As you were... Cheers, N

[Cognition777]

hahaha ... indeed!

[metalhead666]

BECAUSE!  Whatever the "market" is telling me now IS NOT what it will be saying a year from now. Hello? Now for the last time you pay attention... 1. YOU CANNOT MEASURE SENTIMENT 2. WHATEVER SENTIMENT IS NOW IT WILL NOT BE THE SAME TOMORROW 3. WHATEVER SENTIMENT WAS IT WILL NOT BE THE SAME TOMORROW So even if you can measure past sentiment (charts and squiggly lines) OR present

[Notgnu]

Metal...check your 'inbox' N

[metalhead666]

Checked...thank you very much! 

[Cognition777]

Novel Prediction #1: "$4.60 is the next technical resistance" - Yup, that happened Novel Prediction #2: "Metalhead will refuse to answer questions and will instead resort to insults and blanket statements" - Yup, that keeps happening Novel Prediction #3: "Metalhead will demand that TA predict the future with exactitude (which nobody on this board has claimed) before it

[metalhead666]

So let's assume you "predicted" "called for" "divined" "consulted a crystal ball" and claimed that $4.60 was this mystical "resistance" So what?  Did you act on it at $4.60?  Did hitting $4.60 tell you what comes next? Was your "prediction" "observation" "tap on the shoulder from god"  "whisper

[Cognition777]

You're like a closed loop... just keep making the same statements in answer to a variety of questions that are unrelated to your statements.  Anyway, I hope copper doesn't continue to hover around $4.55 because that would give even more evidence that "TA is not accurate"... y'know, because I said that looks like $4.55 is another significant price point that the market

[metalhead666]

There isn't any "logic" to that. None at all. We know that something is true by making novel testable predictions...what is your prediction based on your numerology?  Instead of arguing let's put your understanding to the test. Make some novel testable predicitons using your "significant numbers" .....then we'll see