Asa Resource Share Discussion Threads

[juju44] 17/10/2016 09:11

no buying appearing on my screen

[tidy 2] 17/10/2016 08:48

I have a buy order in for 2.1 just in case. Top up

[tidy 2] 17/10/2016 08:11

1m buy delayed guys. Some chunky buy orders being filled, are these pi's.

[jailbird] 17/10/2016 07:37

This is an interesting investment now Stable Nickel above $10000 and rising Gold prices Should we be adding on weakness now ?

[redtrend] 17/10/2016 07:21

The UK economy has major structural problems that can not simply be blamed on Brexit. Our current account defecit is shocking, the worst in the OECD, unsustainable and our currency was overvalued, no matter how much we remember the glory days of £1 = $2. This is due to a number of factors not easily remedied and successive governments have made it worse.

Brexit has been the trigger, but this reset would have happened one day and the longer it was left, the far worse it would have been.

To compound the issue and the fact GBP would depreciate anyway, the BoE made it even worse with an extra 100bn QE and reducing interests rate. They can blame their actions on mitigating the "Brexit shock" all they like, but it was unnecessary. Brexit gave them the perfect excuse to do what all Governments and Central banks are trying to do - debase their currencies.

So although we may disagree on whether Brexit is right in the longterm or not, it looks like we all agree on how to protect yourself - Gold.

[mreasygoing] 16/10/2016 19:51

Oilers should have a good time too soon. ENQ, TLW, PMO. Etc.

[moormoney] 16/10/2016 17:41

Buy local, holiday in the UK. Lots we can do to cope with this and staying positive is the start...no good talking the country down. IMO

[mreasygoing] 16/10/2016 15:40

I want to see the French wine market collapse.

[mreasygoing] 16/10/2016 15:31

I hope we can still rely on some hot Euro totty after Brexit ?

[tidy 2] 16/10/2016 15:27

Good for POG

[riskvsreward] 16/10/2016 15:14

Unfortunately this is just the starter as we have not got out of the EU yet. It could get much uglier when tariff hike is introduced and if and when £ get even weaker in a hard brexit scenario.

[riskvsreward] 16/10/2016 15:05

Blueball, what is so surprising about that. People should have thought it through when they cast the vote for brexit. Since the brexit vote, UK £ has depreciated vs $ and euro by about 20% so almost everything will eventually go up, as brexiters have correctly pointed out, this country imports far more than it exports.

Ironically, this will hit the hardest those Labour voters who seem to be the most responsible (or read Corbyn) for the brexit, as food, cloth and otehr essentials will be the most affected as they are either imported from Europe priced in euro or from far east priced in $.

[mreasygoing] 16/10/2016 14:47

And Zimbabweans think they've got it tough with inflation !!!!

[blueball] 16/10/2016 14:36

The price of Hobnobs has increased from 100p to 125p in the last week disgraceful.

[tidy 2] 16/10/2016 11:42

20SMA 2.138p. Should bounce off this IMO

[tidy 2] 14/10/2016 19:22

https://www.google.co.uk/amp/www.bbc.co.uk/news/amp/37652467?client=safariWith the fall in the value of sterling, some economists now predict that inflation will hit 3% by the end of next year as imports of products such as food and fuel become more expensive.

[juju44] 14/10/2016 15:02

yep , double top

[mreasygoing] 14/10/2016 14:50

Low volume juju, no distribution pattern. Just unwinding from the mega rally recently. IMO

[juju44] 14/10/2016 14:30

Looking like a double top now . We will see

[billthebank] 14/10/2016 09:56

Fifty dollars I wish!!!

[26 dollars in my hand] 13/10/2016 18:59

Thanks for that jailbird. As the chinese middle classes become wealthier they are buying a higher grade stainless. Robert Freidland said 10 years ago that "mrs Wong wants a new wok". Maybe she wants a better wok now.

Useful reminder also of Ni at $50k. At that price BNC can make half a billion a year cash flow (US not Z$!!)

[26 dollars in my hand] 13/10/2016 18:57

Thanks for that jailbird. As the chinese middle classes become wealthier they are buying a higher grade stainless. Robert Freidland said 10 years ago that "mrs Wong wants a new wok". Maybe she wants a better wok now.

Useful reminder also of Ni at $50k. At that price BNC can make half a billion a year cash flow (US not Z$!!)