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Rio Tinto Share Discussion Threads
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|hi Ian - you are still around !|
|Copper production disappoints.|
|Ask the FTSE100 chart?|
|stick or twist with these highs...?|
|interesting question Arnie - I've been an investor of Rio since the late 90s, traded it actively in the 2006/09 era before realising my trading was adding relatively little to the profits I was making from the underlying holding, so wandered off to look at other opportunities
I've been invested in most of the big miners at various times, but never AAL - I don't really know why - I guess I looked hard at it in 2006 and decided against, and as I have too many stocks to watch anyway, never revisited - but what that warning sign was, I now cant recall -don't follow it enough to answer re intra day or week swings but I would imagine it behaves like the other big miners
good luck if you give it a crack.
meanwhile I see we've managed to get above £34- its a few years since its been this high - roll on £40|
|Time to sell some more I think.|
|Do the investors here in RIO also have an interest in AAL ??
and if not why not?
RIO moves regularly up and down a few pound, does AAL move the same ??
I have been buying and selling RIO as it moves regularly recently up and down between 3000 and 3300.
Will i be able to do the same with AAL ?|
|I guess that depends on where the share price goes now! I still have a core holding so not worried either way.|
|Brill, well done!|
|Phil I couldn't resist £33! 7% in three weeks will do me.|
|Elsewhere, mining shares, including Anglo American, Rio Tinto, BHP Billiton and Antofagasta, were on the front foot, bolstered by encouraging Chinese data on producer prices.
China's producer prices were up 5.5% from the same month a year ago, beating expectations for a 4.5% increase. However, inflation eased back to an annual rate of 2.1% in December from 2.3% the previous month, falling short of estimates of 2.2|
|can anyone tell me why RIO went down about 200p the last few days then bounced back up 160p today, at this momento in time !!
What was it tht triggered the 5% gain ??|
|Nope, I don't think you will.|
|wad - is China's debt burden any greater than USA ??
Whilst China is state-controlled they can issue bonds & tell banks what to do.
Their manufacturing data this morning at 51.9 is better than expected.
Guess what you are saying is don't get carried away as stats can lie.|
|Putting it another way , the infrastructure projects have carried on to keep employment up , but they have created a lot of empty buildings and the loans are not getting paid back . The Chinese govt is breaching the gap but it is not sustainable. The Govt does not want to lose face by scaling back , the banks are not going to keep this up.
A colleague has just returned from China for a large industrial company and is amazed that Western business seems blind to this . I suppose the Chinese Govt control of News is a factor. Obviously this is a bit anecdotal , and maybe other global markets will emerge further for RTZ.|
|If China is the main customer , then ask a banker what they make of China's banks balance sheets. The numbers apparently don't add up , there is a bubble.|
|There seems to be some doubt over whether Trump will be able to persuade the Republicans to spend trillions on infrastructure projects in US and drive their country into higher deficits.
Few Months ago Republicans were threatening to close Obama's Govt buildings & services because of the state of the economy.
China seems to be the main customer for commodities. Building airports, planes, ships, & military equipment.
Strength of the dollar has taken RIO back up to 3150 - so buy on dips & short if it reaches 3400 is my strategy.
Good Luck in 2017.|
|I see Arja called this correct again.|
|Hi Mia - still lurking , no danger of a proper job, its just that the fun seems to have gone out of stocks like Rio these days, so sometimes I go a month without checking in on here
hope you and everyone else had a good Christmas, and that 2017 proves prosperous for all of us - even Prof Sanks can have his profitable short trades as long as Rio bonces back in the end - as it does seem to have a habit of doing
onwards and upwards|