Anglo Asian Mining Share Discussion Threads

[wanobi] 10/12/2018 09:40

piraña feeding frenzy at AAZ this morning, let's see if the seller has finished or is just sitting & waiting for the share price to get near 100p again begore he/she starts selling again :-) can't second guess this :-) cheers Wan

[bumpa33] 10/12/2018 08:57

bought 25 at 29.95 - form suddenly flipped round.

[mad foetus] 10/12/2018 08:43

in a different sector, AMER have announced their oil drilling result today and had what looks like a decent strike, with the share price up 20%. The relevance to AAZ? Significant director buying, including the head of exploration, at the same time Stephen was buying shares here. Perhaps indicating that now a reasonable enough time has passed to release results from our updated exploration

[bumpa33] 10/12/2018 08:37

thanks wan - let's hope so. Last week was rather disrupted...

anyone know anything about Avacta - AVCT? had what looks like a cracking announcement this morning, up 37% but mm's have - currently - a shed load of stock to shift, broker groaned when he saw Turner Pope joint broker, thinks there may be stock still loose from the placing back in July at 25p.

[wanobi] 10/12/2018 08:29

I glean from the mattjos thread there are a couple of AAZ sellers about at the moment so I will be watching to see if we drop on their activities to a level which make sense to me to take some more there... as for TXP & ORM, for now I'll adopt rule 2 and sit on my hands... other than that I'll be sitting with my cash for now...

wishing you a great trading week Bumpa, with all the politics going on this week it should present you with many opportunities I would think....

cheers all, Wan

[wanobi] 10/12/2018 08:23

morning Bumpa, morning all, interesting week ahead :-) cheers Wan

[bumpa33] 10/12/2018 08:20

closed short SOU at 11.75

morning folks...

[ilostthelot] 10/12/2018 07:32

Politics!! Come on Gents.

[jamiedodge] 10/12/2018 06:35

Ken Clarke...man of principle Joey.Sorry but if you knew anyone involved in the tainted blood saga you may have a different view. Sorry about the off subject Matt.

[bumpa33] 09/12/2018 19:41

Sven's starting to nick my lines....!

"It’s a nightmare for investor confidence, but it’s a dream for short term traders."






Further, he hasn't given up on this market/a year end rally yet, but...


"Bottomline: These markets are in big trouble again. Defending the 2009 trend lines for a 3rd month in a row seems an unlikely feat. Triple bottoms are rare and clearly we see liquidation in markets and very rash price discovery.

Working perhaps in favor for bears here is that we still don’t see any real panic fear spike in the $VIX as the $SPX range looks increasingly like a bear flag:"


and...



"Outlook: This coming week will likely be the defining moment for buyers and sellers. Sellers still haven’t been able to make new lows, but monthly trend lines are again at risk of breaking. Sellers need to break them this week and sustain a break below outlined support levels or risk getting run over by positive seasonality to come. Remember all headlines have turned negative for bulls, but still bears haven’t been able to capitalize other than chop inside the range. Buyers may need just one positive trigger to switch sentiment on a dime, but the proof would only come with a confirmed bottom which will require a weekly close back above the weekly 50MA which currently sits at 2742 $ES."

[joey wilson] 09/12/2018 19:36

Its a shame Ken Clarke isnt younger and / or Michael Portillo is no longer in politics. Men of principles...

[broken_arrow1] 09/12/2018 18:51

Well some interesting debate over the weekend, was pleased to pick up some more at 87p on Friday.

This week should be the week for serious news releases from Co's before Xmas, will we get the JORC I wonder?

[bumpa33] 09/12/2018 15:45

Wan - Google "Silver" "JPM" and "Manipulation" and see what you come up with, there's articles enough out there on the theory/belief the Comex market has been rigged for decades.

[wanobi] 09/12/2018 15:36

some great stuff in there, not least of which;

"Manipulation of markets can work effectively in the short term. However, in the long term prices will be dictated by the global supply and the global demand of 7 billion people, many in Asia who believe in gold as a store of wealth. Not to mention, sovereign central banks such as the People’s Bank of China and the Russian central bank – who also believe in gold as an important monetary asset."

and

"We know for an absolute fact that precious metals prices are manipulated. (The evidence is absolutely overwhelming, and we would like to offer special thanks to GATA (and now Deutsche Bank) for proving it without a shadow of doubt over many years’ worth of tireless work.) Current prices of gold and silver are therefore fake, and in our view, far below what they would be in an honest market. When the Deep State Crime Syndicate loses control over prices, which could result from any one of a large number of likely developments, true prices will be re-established, a process that was occurring in 1980 and again in 2011 before being sabotaged both times. As fake prices are crushed and honest ones return, a global “herd” buying phenomenon could develop, as has happened in the past. This would lead to significant shortages of available physical metals and a meaningful increase in premiums. History has been clear that when it comes to precious metals, it is always best to buy in halcyon times, particularly if one can do so at a good price."

so, I guess the question is now when will true value out!?

Could be very interesting if one is positioned correctly at the time...…

thanx again conundrum for opening my eyes to this fact...

cheers Wan

[wanobi] 09/12/2018 15:15

not at all conundrum, your post is much appreciated, thanx, cheers Wan

[conundrum] 09/12/2018 14:04

A couple of articles re manipulation below as requested.
I haven't the time to look for better articles on the subject.

You may also wish to search for articles on the disconnect between the amount of physical gold in the world, and the amount of gold traded on the paper market.

Sorry my reply is short and rushed

[wanobi] 09/12/2018 11:58

certainly is another test week ahead for the markets, I still think 2600 is the big one Bumpa, break that and down we go to test 2400 and possibly beyond!!


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

DMA cross is very negative also!!


Cheers Wan

[2sporrans] 09/12/2018 11:40

winter of discontent, red robbo and the flying pickets, stagflation....
...ahhh, the good old days.

[wanobi] 09/12/2018 11:00

thanx conundrum, how do the banks manipulate the POG, its not just down to supply & demand then? cheers Wan

[conundrum] 09/12/2018 10:55

I have been reading that gold could reach $10,000 an ounce for many a year.

The price got close to $2,000 an ounce, since then the big banks have been manipulating the price of gold and silver, because they want the US$ to be regarded as a safe have and not gold.

Article below is from 2010, just to prove the story isn't new

[graylyn1] 09/12/2018 10:39

Cinoib, I very much remember the 70's I am 64 and my first mortgage payment nearly sunk me @ 17% interest we really don't want that! Trouble is people are not encouraged to save today or mend items that break, just get another loan, credit card or increase your overdraft throw it away and buy a new one. I have purchased many second hand items in my life to see things through without incurring extra debt. The whole system is just a mess imo. In my mind the Labour party is DEAD it is now the Communist party!

[wanobi] 09/12/2018 10:19

I suppose its a simple question really; in the next crash, will people run to cash or run to gold ? cheers Wan