Anglo Asian Mining Share Discussion Threads

[mattjos] 23/4/2020 16:27

They have shutdown online buying once again here

[bumpa33] 23/4/2020 16:26

“What world are we living in?”

One that’s becoming ever more defined by inequality.

The stock market is no longer a mirror of the economy, it IS the economy. It’s a rigged game - and becoming increasingly the only game.

[mattjos] 23/4/2020 16:26

since every central bank / govt in the world is now balls out with money creation, there seems to be almost an acceptance that it's all ok as everyone is in the same club … but, it is not!
If 2008 had been allowed to play out as it should have done, then the recovery thereafter would have been an 'organic' one, so to speak. Yes, more pain would have been felt in 08/09 but, debt would have been wiped out as a consequence of business failures & that is how it should be.
Instead, an even bigger and far more toxic bubble has been created in the global economy & it is also far more interconnected than ever it was before, resulting in an even more cataclysmic ending that would have been the case in 08 .. 11 years of job creation has gone in just 5 weeks! So far.

Now the Fed & the Central Banks are hell bent on trying exactly the same recovery process as before.
Repeating same behaviour over and over again whilst expecting differing outcomes is the definition of insanity. That is what we are seeing in action just now.

We MAY sneak through this once again, in which case the next 'event' will be even bigger & more disastrous as the debt loading will even bigger than ever or, we may now experience the 08 event++++ (by that I mean the 08 event + the added unwinding of the recklessness of the rounds of QE).

In either event, the Gold & maybe Silver sector seems the only place to try and ride this out before you dare to peer out from behind the curtains once again.

[r1singson] 23/4/2020 16:13

Exit price - would you mind elaborating. Genuinely interested in what long term holders have in mind here. Is it possible it could get bought out before your targets are reached?

[pogue] 23/4/2020 16:12

KK
I didn't buy silver the other day with my new BV account got to caught up in the pharma bingo game. Am monitoring it now as its something that is good for my diversification and is a good investment.

[c0lin1] 23/4/2020 16:11

you've done well GF. My wife just rolls hers eyes at me

[gold finger 1] 23/4/2020 16:08

Matt

I have a large bond that has been running for 10 years now. I have done very well from it. I will wait a while before i close it as i think there is a few more good months to come from it.
Well the wife has stopped me selling it as we take a quarterly income from it.
She has seen it proform really well so is happy to leave it were it is.
I have invested most of our money into gold so she thinks enough is enough.
I put Mick Malone and Peter schiff on in the morning while in bed so she has to listen to them. I think the facts are getting through.

[mattjos] 23/4/2020 16:07

Interesting little article … this is very likely what is coming:

[ilostthelot] 23/4/2020 15:59

Me neither Colin..
I see the chart you're talking about it was for anyone else reading whom doesn't know.

[brasso3] 23/4/2020 15:59

4m+ new unemployed in the USA and markets up! What world are we living in!

[wanobi] 23/4/2020 15:54

AVCT moving on up too MrR :-) LOL Cheers Wan :-)


free stock charts from uk.advfn.com

[mr roper] 23/4/2020 15:47

Thanks, wan. FYI..plus doing the melt up thing now. Not much in the way to 1500p

[wanobi] 23/4/2020 15:44

AAZ - Inv H&S rough chart, something like this I believe :-) GLA Cheers Wan :-)


free stock charts from uk.advfn.com

[c0lin1] 23/4/2020 15:43

you can see that pattern on lots of gold stocks at the moment some have broken the neckline already

[mattjos] 23/4/2020 15:43

BoJ to move to 'UNLIMITED' Bond buying.
They've all fallen down the rabbit hole, drunk from the 'Drink Me' bottle & arrived at the Mad Hatters Tea Party

[c0lin1] 23/4/2020 15:39

im not very good at things like that

[ilostthelot] 23/4/2020 15:38

Any chance someone could post a chart for that inverse h&s?!

[gold finger 1] 23/4/2020 15:38

cOLIN1

2 pound is nailed on imo, even if we had a pull back for gold too $1600.
This is such a no brainer, its hard to understand why a lot more people can't see it.
Maybe it's the LOM that is a put off. But the info is out their to see that this is not a problem and is being addressed. You could look at it and say,can i trust what the management have been saying.Well yes i can understand that, i have been lied to on many occasions over the years by lying management in other companies. But this management here are in another league here. They just get on with their job and produce results for us shareholders.

[mattjos] 23/4/2020 15:37

Yup, agreed
Gold now more than £1,400 / oz & more than €1,600 / oz .. for at least the last 4 years the 'wise ones' such as Goldman Sachs has consistently advised clients, and anyone daft enough to listen to them, not to own gold. Yet Gold keeps trudging higher from $1,050 to now over $1,700

[lefrene] 23/4/2020 15:31

The "herd" will mostly be employed persons working for various funds and following computer programmes. They are not going to risk their job by stepping outside of their remit. Eventually of course they will follow, perhaps when gold goes through $1850?

[gold finger 1] 23/4/2020 15:25

Can anyone tell me how you can possibly value a share at this moment?
It's impossible. No one can say when things will get back to normal. They have been very cleaver at saying we will look at it again in two weeks, that passes and its another and another.Six weeks coming this weekend in spain,now they are saying another two weeks. So a few car companies are back at work, will they be selling any cars?
How long after the lock down before people will risk travel, pubs,flying,going to the cinema.
We had a few come on here and spread their joy saying it won't be long before the mines are closed down. Well it never happened,one of a few companies that have not been affected, still making a profit, in fact increasing with the price of gold. Then to add to that oil which we know is one if not the biggest expense has dropped massively. So i think its safe to say 2019 results will show a record profit. As for 2020 well it will be yet again a record profit.
So for me its easy to value this company, even the village idiots know where gold and gold miners are heading.
Just seems that the herd are chasing rainbows,without looking at the facts staring them in the face.

[wanobi] 23/4/2020 15:21

AVCT



Cheers
Wan :-)