Anglo Asian Mining Share Discussion Threads

[mattjos] 05/6/2017 18:20

Nothing to do or say really, until the AGM jeansey. Gold still flirting with the breakout but, not there yet

[jeanesy] 05/6/2017 17:40

Looks like this share is totally off the radar atmo. Strength in POG has made no difference. Seems like those willing to invest in gold are looking elsewhere !

[casabella2] 04/6/2017 16:26

Round all up who are known to security forces ,intern them and then start processing them.Send home none british.Jail those who were born in uk.

[robo15] 02/6/2017 16:31

Shame we are not producing more of it !!!

[mattjos] 02/6/2017 16:28

Goldmans now push back next rate rise from June (they were 100% confident of this) to December this year!!
The rest will no doubt follow in the analysis.
Singapore Deutsche Bank trader admits fraud in rigging PM market also today.

Plenty of gold-relevant news out today for the markets to digest this weekend & bid Gold higher next week

[el_duderino_7885] 02/6/2017 15:50

Matt gold broke out of the long term downtrend line on the monthly. From 2011!

Look at the pennant from the 2015 lows. Also broke out of this.

Should be heading in to the $1,300's before going back down later in the year and kissing the downtrend for one last kiss goodbye before going much higher in my opinion.

[jbe81] 02/6/2017 14:39

Yes Matt, and numbers are not a surprise.

[mattjos] 02/6/2017 14:39

zhockey, I still don't see how you think there is a big fall coming in gold right now. The chart, to me, is much more suggestive of a huge 6-yr long term Bullish Falling Wedge, which would be more likely a continuation pattern of the 2002-2012 uptrend, if/as/when the breakout is confirmed. Rather than 1,300 I think 1278 is now more the upper resistance level to pierce through and hold to indicate the breakout ie. the current price is extremely close.
Let's see if they can smash it down again now or, whether the bulls finally get the upper hand.
Here's the Weekly candlestick chart to try and show my thinking and to smooth out the daily gyrations


free stock charts from uk.advfn.com

[mattjos] 02/6/2017 14:23

USA May job numbers not at all inspiring & a big downward revision to the previously reported April & March figures.

The Fed may say this was just a seasonal / weather Q1 transitory tightening but, companies don't tend to hire in June with the usual July/August summer lull imminent so, I personally see little reason for a rate hike before the Autumn now, if even then.

[jeanesy] 01/6/2017 20:12

Price here failing to hold despite strength in POG . Not a good sign!

[el_duderino_7885] 01/6/2017 16:56

Zhockey, care to offer us the technical insight in to your latest comment?

Gold is closed out of its long term downtrend on a monthly basis for the first time since it begun in 2011. Also closed outside the pennant to the upside.

Both need confirmation end of June to be considered a breakout but all very bullish.

GDX also on the verge of breaking out and volumes have been increasing.

In relation to commodities in general gold and silver both doing well.

I'm sorry I get a different reading of the charts at this point and am waiting for the markets to confirm.

Sulv r often lags gold but I'm expecting it to play catchup and hit $17.80 soon.

Aaz however looks ugly. I'm on holiday in Florida but am going to have a proper look at Aaz soon but at a glance it looks ugly and wouldn't be surprised if there was more downside albeit fairly limited.

I'm happy trading 5sil.l right now but I am waiting for a nice buy back in point here. Need to run the charts to see where a good buy back in point should be.

[zhockey] 01/6/2017 12:20

Matt, when I look at the same chart it seems that gold is setup for the next leg down, silver is leading the way.

[jbravo2] 01/6/2017 00:01

I think that's been predicted more than a few times now

[mattjos] 31/5/2017 18:23

Gold chart is really looking like it could break to the upside in next 2-3 weeks

[terropol] 31/5/2017 16:31

Jbravo2, if I am not wrong this year we are going to meet in Mayfair and the 30th. But will double check. (I may have the wrong info)

[jbravo2] 31/5/2017 16:11

Is it not going to be 26th?

[terropol] 31/5/2017 10:49

All quite... AGM 30th June should give more light.

[mattjos] 31/5/2017 09:46

Anyone seen anything about the Chovdar tenders?

[jbe81] 30/5/2017 11:23

Definitely not a safe haven..

[catsick] 30/5/2017 10:45

Its the new currency for crooks at some point the sec etc will make it illegal and it will crash overnight ...

[jbe81] 30/5/2017 09:25

Zhockey, really?!?! Why is bitcoin THE new currency( and not any of the other crypto currencies, including the ones that haven't been invented yet)?