Anglo Asian Mining Share Discussion Threads

[mattjos] 28/2/2017 20:37

Has been above freezing for several days now in Gedabek so, finally the heaps will be starting to give up their solution and the flows into agitation, flotation & SART will be moving faster.Markets generally all seem to paused & hanging on Trumps address this evening.Giddy feeling to the indeces given the potential for disruption in Europe in the next 6 weeks. Are the funds and instis selling out to retail just now???There seems to be increasing 2 way auction interest here at 24-24.5

[jbe81] 28/2/2017 14:26

gold moving back up

[mattjos] 27/2/2017 22:51

I think $9,100 is a bit rich but, I would agree with the break to be visible to all sometime in April this year.
not long to wait now ... the herd will arrive here when it starts.
Meantime, there are not usually more than 3 consecutive down days in a uptrend so, time for some more towards close of play tomorrow, if the MM's gives us 23.75 to buy

[brasso3] 27/2/2017 22:31

Matt

Seems like you are not the only one to believe in 'Wave Theory'. Taken from LGO thread:-

chestnuts27 Feb '17 - 21:10 - 7189 of 7189 0 0

wstirup

Your thoughts on oil are interesting, but my reading of the oil chart is that when the oil price came down to $26 to me this was the top of the 1st wave and when the price hit $147 this was the top of the 3rd wave , so i think we have started the 5th wave and in commodities the 5th wave is normaly the longest and the fastest, and one thing which is facinating if you look for Saudia Arabia production chart it shows a 5th wave which as formed a rising wedge which in charting terms a reversal should happen, so by reading that i would surmise the arabs have damaged there wells by pumping at full belt and wouldnt be surpised if there production doesnt drop by around 25% or more over the next few yrs,
Also and sorry for being off topic, i have a cycle for gold to breakout mid April target $9100 by 2020.5

[zhockey] 27/2/2017 17:38

Aaz needs some news

[jimbowen30] 27/2/2017 16:23

Gold looks ready to go to $1300 imo Matt. That should help the miners

[2sporrans] 25/2/2017 23:26

Fair enough Mattjos.

Whatever, the Dutch Prop. rep. system will almost surely ensure Wilders doesn't make any direct impact upon Gov't policies; not even if his party garners the largest, single slice of the vote. The centre-right party has ruled out an alliance; other significant parties have antipathy .....

[andrewsr] 25/2/2017 10:18

It would probably be the end of the Euro, but even Le Penn isn't advocating withdrawal from the EU. The EU will probably survive in our lifetime, otherwise they'll be war(s) in Europe again.

[mattjos] 24/2/2017 20:37

Can't see what is going to stop Gold hitting $1,300 shortly.Over £1,000 an ounce tooGold chart in € looks even better.Why on earth would you NOT allocate some money to gold as we approach these European elections?If Le Penn romps through Round 1 then, the money is really going to come into gold because, as plain as the nose on your face, Europe is over if she wins round 2.With that result, Greece will exit & so too Italy. Germany will then be knee deep in the brown stuff & so too Merkel.GB will be hailed as having the best crystal ball in the world & our exit negotiations will be a pleasure to participate in .. that mongrel Junkers will be tipped overboard, quick as the Leicester manager :-) .. sit back guys. Buy here on down days. This will march higher

[goodgrief] 24/2/2017 18:19

Would have thought the Dutch were quiet happy with the euro, otherwise the NLG would have soared much like the DEM. Probably fed up with immigration much like the Germans.

[jimbowen30] 24/2/2017 15:19

Gold over $1250 should boost gold stocks further

[mattjos] 24/2/2017 13:52

not stressing zhockey ... the frozen production from Jan will now simply be sold in Feb/March at a 5%+ higher price :-)

[jbe81] 24/2/2017 12:06

Drilling results will be good, just a bit of patience needed. Gold breaking out a big positive, hard to believe this under 30p.

[jbe81] 24/2/2017 12:03

Tricky to drill in January too!

[zhockey] 24/2/2017 11:45

Stop stressing about production. As catsick says drill baby drill!!!

[mattjos] 24/2/2017 11:39

last time gold was at this price we were over 30p.
since then we've lowered our production costs.

Yes, January was not a great month but, the temperatures this winter have been much lower than last 2 years. Low enough to have caused the heaps to freeze up & that will have been the cause.

The temperatures are rising now .. today it is 17oC so, the heaps will be thawing and the pregnant solution flowing again

[mattjos] 24/2/2017 09:49

2sporrans .. I was not meaning to be rude about the Dutch. I was simply paraphrasing what one of their own govt politicians said in a recent interview I heard on R4. They are not big enough to cause the final fissure in Europe themselves but, they can certainly cause the rupture line to widen further than it already is in the run to the French voting rounds.

ill ... yes, most odd to see folk selling with gold so clearly breaking upwards but, we may have simply moved a little too far yesterday from the bounce line.

a C&H pattern seems to be gradually emerging on the chart pattern now with a 35p lip on the left, 20p base & we now seem to be painting the rising right hand side back towards 35p.
Looking at how the left hand side was created, once we break up above 30p and pause a little at 35p, I believe a retreat back to 30p will signal the handle formation and should herald the next move on towards 50p for a short term period of consolidation

I see that the persistent discounted 800k bid in the auctions is set at around the value of the 200D SMA ... the buyer is hoping to get lucky with a big buy at that level. I think he'll have to start inching that up from next week onwards.

[ilostthelot] 24/2/2017 09:22

Over paid spotty spreadsheet cretin. 😂😂😂 good one Matt.

[ilostthelot] 24/2/2017 09:19

Gold is breaking out and some people sell madness. This will end blue I'm sure.

[2sporrans] 24/2/2017 09:18

"They [the Dutch] are pretty insignificant in the scheme of things."
For once, disagree with you on this MattJos.

For one thing, the Dutch are hardly 'peripheral' members of the Eurozone; arguably they are closet Germans [not that many of the Dutch would go along with this].
For another, if the Dutch were to vote in Wilders, let alone follow up with 'leave' vote, wouldn't this create, at the very least, a fatal fissure in the foundation of the Eurozone edifice and probably the EU?
Obviously the French vote is a more likely prospect for developments leading to such conclusions and the emergence to the fore of 5* in Italy, being the other potential show stopper to watch.

[mattjos] 23/2/2017 20:19

Don't think how the Dutch vote matters at all really Brasso.They are pretty insignificant in the scheme of things.Just so long as the vote shows populist anti big Europe increasing, it will nicely up the pressure towards the main event in France.At the same time Renzi's resignation will likely now hasten national election in Italy.I see the numpties at GS came out today with a $1,250 target for gold for this year! Wonder which over-payed spotty spreadsheet cretin reached that conclusion as gold broke out past $1,240?Allister Heath in the Telegraph gets it:http://www.telegraph.co.uk/business/2017/02/22/must-leave-eu-quickly-falling-apart-faster-thought/

[brasso3] 23/2/2017 18:24

Matt

I am not sure that Wilders will get anywhere near a majority in the Dutch election. I think he will be close to 30% of the vote though. I lived in Holland for a while and whilst they are a proud nation they are so liberal I just cannot see the same shock that took place with Brexit/ Trump. The French election will have more parallels with the UK/ USA. It will be an interesting 6 months across Europe though that is for sure.

[mattjos] 23/2/2017 14:11

Little on the gold chart to suggest much in the way before a pause at 1275 & then onto 1300 ... should be there for the Dutch election

[jbravo2] 23/2/2017 13:34

Binary? Resources or no resources?
Lol

As for jeanesy, easy come easy go. He did to well to hold for so long with the amount of doubts he's always had.
He follows in the footsteps of may illustrious investors here. Names such as resourceful and some others I forget now.
Never mind, I had another 60k of these on Monday, could have done better on Tuesday or Wednesday it seems but volume available is always small. All these movements are small fry. The big moves are still ahead.