Rio Tinto Share Discussion Threads

[arja] 29/3/2017 21:42

yes , I see the pound hitting well under 1.20 in time but could be stalled if the BOE increases interest rates I guess .

[idioterna] 29/3/2017 12:41

re: post 54544. Trump is absolutely not looking for a weaker $. It's the consumers he wants to satisfy, his voters. A strong USD is his best policy in that respect. Most tend to forget that the US is self-sufficient in raw material terms, so once production is relocated it's a win-win for the US consumer. That is Donald's policy. Strong USD this year (never in one go), but the trend is clear. GBP is weak at present, but the € is on life-support.

[arja] 28/3/2017 23:30

pleasure .

[utyinv] 28/3/2017 21:13

arja,

Thank you! :)

[arja] 28/3/2017 10:28

utyinv- GBP/USD and I think the word" cable " was because trading was done by cable many years ago.

[robrah] 27/3/2017 17:47

Cable going to 1.45 by year end

[utyinv] 27/3/2017 16:51

Sorry Guys; Cable????

[wad collector] 27/3/2017 15:48

Re-entry point for me at 3150 ; I have been out a while here.

[arja] 27/3/2017 13:28

Ian - it looks like I was wrong about cable , at least in short term as it powers ahead and 1.27 looks a possibility . wish I was not focusing on shorting S32 today or had an assistant who was au fait with charts to trade cable ! Good luck if you are long in cable .

[stevenrevell] 26/3/2017 17:54

Glen could bid

[hpcg] 26/3/2017 17:44

Iron ore is on the way down. Also some recognition that Trump will struggle to get any meaningful infrastructure paid for by Congress. I'm short RIO in dollars, i.e. the ADRs. UK share price will depend a lot on Sterling which I find difficult to call at the moment. Ferrous and met coal have got overshot to the upside on China mine closure. Thermal coal has had its day so the sale of those assets is certainly positive. Beijing has just shut its last area coal power station and there is a lot of LNG coming on stream, both in the region and globally. Just a trade.

[arja] 24/3/2017 16:48

sad to see mining stocks hit again after a good morning - dam markets always surprise and kicking myself for not keeping half my S32 short overnight as only made peanuts . A good money making dual listed stock with again OZ as lead market

[arja] 24/3/2017 16:46

Ian- A bit surprised that you think that as I have gut feeling that the disastrous
effects of brexit which will be felt in time hitting most parts of the economy . This will mean continued weakness in sterling against the euro and the $US and especially against the latter . So I see the 1.20 level cracking at some point in next year or so
and after that it is anyone's guess . So I look to short it ta about 1.27 nad hoping it rallies to that level . It is only the possibility of higher UK interest rates which is driving it at present but , if that happens , not good for the economy and that will flow through to sterling . The debate in house of Lords today was worrying
as people with a much higher intellect and more sensible than the witch , Boris Johnson etc were again highlighting the dangers of brexit . I would rather believe them than the elitist Tories any day of the week ( smile ). I speak as an ex Tory of which I am ashamed to admit ( wry smile ). have a great weekend .

[ian davenport] 24/3/2017 16:02

Trump's going to need a weaker USD if he's going to get the US economy growing at 6% or whatever target he's pulled from thin air ( or twitter maybe), if Eurozone has a political shock hard to see Euro not weakening ag GBP, and there's just that chance we don't end up with hard brexit , which would see the pound soar - all in all I feel all the bad news is in at 1.20, so up is the easier direction of travel

[robrah] 24/3/2017 14:39

Not sure if it was GS or MS who are calling the pound to be 1.45 by year end

[ian davenport] 24/3/2017 13:43

must say Arja I can see many reasons for cable going higher, few for it trying 1.20 - hoping it drifts back below 1.24 before increasing my hedges again

[arja] 23/3/2017 21:41

Ian - and it continues and might hit 1.26 soon .

[robrah] 22/3/2017 10:19

Yes christ tend to get excited. He is the eternal fountain of broker notes and uber optimism

[utyinv] 22/3/2017 09:19

so much for the constant hyping from analysts and brokers LOL

over the past few days targets of £44, £50 etc have materialised into a downward spiral.

[arja] 22/3/2017 09:08

Robrah- I doubt cable will get anywhere near that and recent strength is surely linked to prospective rise in interest rates . But brexit fears will resurface soon i reckon
and sterling will start to steadily fall again .

[robrah] 22/3/2017 08:04

And tanking again.. Just imagine if this falling due to cable then cable is expected to 1.42 by year end wonder where rio will be ?? 15 or 16 quid ??

[ian davenport] 21/3/2017 16:37

stronger cable!

[robrah] 21/3/2017 15:10

Tanking again . Below 34 again

[ian davenport] 20/3/2017 14:52

thanks Keya - interesting read