Anglo Asian Mining Share Discussion Threads

[bumpa33] 24/10/2018 16:56

Or an earlier rescue!

[bumpa33] 24/10/2018 16:55

Dow all over the place again, but it’s the other two that look shot, for now. Another late rescue? We’ll see.

[joey wilson] 24/10/2018 16:47

Why is there no consistency in the purchase or sale prices during the day. I have never seen this before ?

[dickie90] 24/10/2018 16:29

This might be a stupid question, but would dividend still be received if you sold out before 8th November??

[celeritas] 24/10/2018 15:17

Nice limit add earlier.

[mattjos] 24/10/2018 12:33

Missed that. Annoying

[jeanesy] 24/10/2018 11:57

It was at 71p.. not sure how many as i dont have much spare funds .. im already fully loaded here !

[jbe81] 24/10/2018 11:54

Whats the quote to buy at the moment and for how many?

[jeanesy] 24/10/2018 11:51

This keeps providing daily bargains. Looks like someone got them below 70p.. i just missed out !

[wanobi] 24/10/2018 10:06

thanx footloose, appreciate your kind words, although, please remember that i am a novice at this and my charts are exactly that, novice charts, very simple trends, resistance and support lines really... I'm not sure about all the other charting stuff, flags, pennants etc etc... I like to keep things very simple, to me the chart tells me if a change for the better or worse has occurred in the trend, a break out, a break down or continuation... etc..

Cheers
Wan

[2sporrans] 24/10/2018 10:04

One of the seasonal factors driving POG this time of year is the lead up period to the Diwali festive season; put crudely a lot of Indians get married then....big dowries.
Between them, India and China account for ~60% of global physical gold demand.
India was the largest buyer but recently superseded by China; gold import tax hikes by the Modi Gov't depressed Indian demand considerably.
Over the summer, Indian demand was pretty moribund as the Rupee had weakened considerably v the $.
However, recently, the Rupee has staged something of a revival.
Also, Modi Gov't hike to min. guaranteed price paid by Gov't for agricultural produce has boosted huge numbers of rural incomes - these folks are gold stalwarts.
Hence reports like this:





Chinese demand is of course crucial.
It's hard to track for a number of reasons as this report illustrates:



Note the term "withdrawals" is rather misleading; think of it as demand.

The world's largest producer as well as consumer with multiple import hubs to monitor.
The weakening yen weakens demand but to extent it's yen weakness is expected to be chronic, at least some demand must be growing to protect against future weakness/volatility.
As ever, the role of Chinese Gov't is critical, not least response to US 'containment strategy' of which tariff barriers is just a part.
Like e.g. extent of Chinese diversification of its ~$3-Tn foreign c. reserves into gold.....something the Russkies have pursued in earnest lately.
Or central bank buying, pure and simple.

Loads of wheels turning; impossible to make short term predictions on how such a host of determinants impact with any certitude.

However, the huge ongoing/growing demand from Asia, not just the 2 biggies above, must continue to provide a secure long term rising floor for the POG.

Sums up neatly:



Yes, it's an old report....pub. Feb 2015.
But its long term message remains as cogent as then.

Note also the incredible global leverage of 'paper gold' upon the physical underpinning it.

[bumpa33] 24/10/2018 09:56

The mid terms are going to be a close run thing - if the GOP lose the House of Reps then the US political landscape will be challenging, to say the least.

[sportbilly1976] 24/10/2018 09:27

LoL - can you imagine working within the Trump businesses...agree with me or you're fired!Clearly believes this as POTUS as well...

[bumpa33] 24/10/2018 09:19

The POTUS is not amused.

[wanobi] 24/10/2018 08:16

morning all, just watching Alan Higgins CIO Coutts & Co. on Bloomberg; his view,,,

""""if you step back a bit, what have we got here, a correction associated with a volatility increase & our friends at JP Morgan did some really good work; when you have the volatility increases, what should you do? basically if there is no US recession, so you can put that to one side, then since 1990 we've had 15 of these volatility spikes and market weakness, 6 months later the market has been up 14 times with just 1 time down marginally and the gain has been circa 7% so its a familiar buy the dip story,,, the issue is what happens if the USA goes into recession, then you should sell,,, our view is there is very few signs of a US recession, monitory policy is still loose in our view and therefore we are more in the 'stay with risk assets and buy the dip'.... it is just a correction and equities are the best bet at this point in the cycle!!""""

more

""""the key is absent US recession; all the big declines in markets are always associated with a US recession"""""

so there we have it, all eyes on 'recession' to determine when to get out :-)

certainly seems to know what he's talking about, :-) lol

cheers
Wan

[bumpa33] 23/10/2018 23:06

Housing, Banks and Autos are all helping drag the S&P lower - three key components of a supposedly ‘healthy’; economy. Again, far too many warning signs out there to just simply ignore when the S&P is priced to perfection and the Fed no longer has the markets back

Tesla?

The stock should be a zero. Right here and now. If the market tanks it will be one of those stocks left high and dry and it’s debt pile, amongst other things, will sink it. At the moment though it’s still all to play for.

It’s also the most shorted stock in the US, so not for the faint hearted :)

[mattjos] 23/10/2018 22:58

The Commercials generally 'create' the turning point in Gold whilst the Speculators tend to 'trend follow'.

The turn in Gold now looks to be in & growing ever more apparent. with a margin of safety, assume the Commercials will look to add to their Net Long positions on pull backs .. the Specs have already started unwinding/covering their Shorts. As/when the Specs determine the trend is now up, expect them to switch net long & follow the new trend.

[wanobi] 23/10/2018 21:41

thanx Bumpa, agree with last para, ""But the earnings news is a warning. "I think it says the market is vulnerable to a resetting of growth potential and certainly is not likely to experience multiple expansion. I think its now under pressure and it has to find a base. It has to then retest that base successfully, before we move higher," Stovall said."" time will tell if that base is DOW 24K, 18K or 16K etc, cheers Wan

Tesla, intriguing, please feel free to share your thoughts on them here..

Cheers
Wan

[bumpa33] 23/10/2018 21:36

No real worries out there?



you might want to check the ratio of S&P constituents 52 week highs v lows which is deteriorating

Anyway, I’m out of here the next day or two, will be busy with Tesla Q3’s.

[wanobi] 23/10/2018 21:18

gap down, almost filled today, what does that say mattjos?


free stock charts from uk.advfn.com


thanx, cheers Wan

[bumpa33] 23/10/2018 21:17

Cflather - shorting yes. Companies, sectors, markets, whatever your poison. Spresdbets, cfd’s, options or extended settlements.

If you’re relatively new to this though I wouldn’t recommend. Without very good risk management you can get into a lot of trouble. With Options your risk is limited but timing and a full understanding of the underlying position are required.

[bumpa33] 23/10/2018 21:11

With respect, I wouldn’t be calling any bottoms quite yet.

Let the tape do the talking.

Epic battle intraday, but after being 500 down the S&P failed at the 200 (near flat on the day at one point) and sold off the last quarter hour and into the close.

The bears still have this, for now - yes, we are heavily oversold but that’s just one of many indicators.

[cflather2000] 23/10/2018 20:54

Hi Bumpa. Sorry for my ignorance, but are you talking about shorting here? If so, are you talking individual companies, sectors, or markets? and how does one go about this?