Anglo Asian Mining Share Discussion Threads

[mattjos] 05/10/2016 15:01

bsg .. there has been a 230k sell @ 20p on the order book in every starting/closing & intra-day auction here for many, many weeks. It was taken today

[celeritas] 05/10/2016 14:57

AAZ never followed gold up to the high 1300s. Funny now with gold below 1300 it wants to move.

[zhockey] 05/10/2016 14:52

There must be something a foot here, considering gold and the recent trend this should not be breaking out

[bsg] 05/10/2016 14:51

Mattjos, why iceberg? surely an iceberg is one where you can't see the actual order quantity.

[jbe81] 05/10/2016 14:46

Nice to see the back of that 230k

[csmwssk12hu] 05/10/2016 14:41

20p is the test it's not crossed and stayed above on way back up yet

[mattjos] 05/10/2016 14:36

that looks like that persistent iceberg sell of 230k at 20p has just been taken out

[waleoilbeefhooked] 05/10/2016 14:36

She's gonna blow .................

[celeritas] 05/10/2016 14:07

For a start you'd be able to buy 10k at 19.5 if a seller was around. This is a buyer wanting stock.

[jbravo2] 05/10/2016 14:02

Yes the seller has been much less prevalent the last couple of days. Could well be done as he's dumped a fair bit now. Seems like our buyer isn't finished though. Don't think he'll buy any more today but if form holds true he'll be back tomorrow or one day soon.

It almost as if someone knows something is about to happen somewhere somehow. ;)

[celeritas] 05/10/2016 14:01

I don't think its a seller matt, mm's will do what they can for a buyer.

[jbe81] 05/10/2016 13:29

Somebody can see the value

[jbe81] 05/10/2016 13:28

100k @ 19.55

[mattjos] 05/10/2016 13:22

it is not going to take much more buying like this before that seller is cleaned right out of the picture

[zhockey] 05/10/2016 13:19

Is Jeanesy buying again?

[jbravo2] 05/10/2016 12:50

Sure is nice coops.
As I said in post 4563 yesterday, the MM's didn't scare many out with the price of gold dropping and putting us down prematurely. Not enough to meet any buying of any size.
So back up we go. I guess a few more might weaken once again at 19p.
Most who follow this board though know the main prize is going to be several times larger than this.
We make plenty at this gold price, we make plenty at 1200 even, where we're partly hedged, and next year we'll make even more due to higher output at lower prices courtesy of the second SAG mill, the electric supply and the water plant.

Lovely lovely.

[celeritas] 05/10/2016 12:50

I reckon its whats going on in the background, someone is buying a lot.

[crazycoops] 05/10/2016 12:45

The POG under pressure and AAZ rising - nice!

[mattjos] 05/10/2016 12:19

all this paper manipulation just plays into the hands of China & Russia who continue to buy & hold the physical and, as far as we know, generally shun the paper market.
The Yanks might make short term trading gains but, in the longer run, they are doing themselves and their own country a disservice

[pixi] 05/10/2016 11:42

The fundamental case for buying gold and silver has not changed. They can dump as much worthless paper onto the market as they want to hammer the price of gold down. It's only a temporary thing. I have topped up here, bought a load of gold bullion and topped up my Way Charteris Gold Fund this morning.

I don't think a rise in interest rates is on the cards with weak growth. I expect the exact opposite to happen with rates trending negative worldwide.

[mattjos] 04/10/2016 21:52

From a charting perspective, quite happy to see gold fall towards 3rd week of October.With regards AAZ, no need for this to tear away just yet .. it's clearly signalled it's intent this week but, as YasX has hilited, a retest of the wedge is not at all unusual so, quite happy to lay in wait for that to take place. We may be lucky enough to see it near 15 one last time!

[andrewsr] 04/10/2016 21:45

That was a few months ago, must have been at about $1340 or higher.



It should have been a good day for gold with the IMF downgrading growth for US and other advanced economies (ft), and strange things afoot (courtesy of chip on mml):

[mattjos] 04/10/2016 20:57

All part of the game jeansey .. grin and bear it this week and see where we end up end next week.I note Mr. Odey had just gone all in on gold