Anglo Asian Mining Share Discussion Threads

[zhockey] 31/1/2017 22:35

Jbravo,

Where do you see those gains coming from as it suggests some serious exploration success. Not impossible, but a bit optimistic?

[mattjos] 31/1/2017 22:28

Long term silver chart certainly seems to suggest a move towards $23 is in the offing.Copper seems keen to break $6,000Gold also looks to me like it should regain $1,300Might struggle to keep this down here for much longer if Gold does break out beyond $1,200 in the next couple of weeks.

[mattjos] 31/1/2017 21:15

The investigators and the media are sharpening their knives for Fillon now in France ... if he acts as he said he would when formally investigated then, it increasingly looks like a shoe-in for Le Penn.Germany could be left in a diminishing EU club with Brussels, the dead weight of Greece, Portugal, bits of Spain & the cowed non-contributing eastern-bloc, who only really cuddle up to Europe on the basis that it affords them protection from Russia.Shortly we will find out (from February Fed minutes) whether the Fed is going to work with Trump or against him .... against him will likely lead to Trump attempting to unseat Yellen.Hardly surprising that Gold is seeing some renewed interest at this time. Markets seem to be sleepwalking at this still hugely elevated level on the main indeces.

[gutterhead] 31/1/2017 20:52

Jbravo
"Double the 2016 highs"
That would be 68p reached this year
I hope you are right

[hedgehog33] 31/1/2017 18:48

Looks like someone had some spare cash at 17 minutes past three yesterday afternoon.

[jbe81] 31/1/2017 18:20

Different story when independent buying returns, shouldnt't take much more of a rise in price of gold. Cracking buying opportunity for newcomers or existing holders with spare cash.

[jbravo2] 31/1/2017 18:18

They want your shares.
In the absence of any significant independent buying they can continue to drop the price to flush out the weak holders for the buyer.

That's what gives.




However there must be quite a few newer holders with higher averages than the current share price and at some point they'll be looking to average down. Then it'll bounce a bit.

Either way, remember this. Double the high of 2016 in 2017.

[deanroberthunt] 31/1/2017 17:54

Gold, Silver and Copper all well up......what gives here ?

[bumpa33] 31/1/2017 15:47

Mattjos - they're in touch with a buyer at the bid I'm told, don't know the size. If gold continues like this though they might just get caught out.

You're right though, watching the daily is oft counterproductive

[mattjos] 31/1/2017 15:01

don't think folk should get too sucked in by the day to day price ... Cantor are working this down and doing so with the absolute co-operation of the other market makers who simply dive down the Bid to try and encourage selling while Cantor appear to camp on the Offer.

[el_duderino_7885] 31/1/2017 14:43

Gee dollar now under 100. If it finishes therecon a weekly basis it's heading much lower.

[el_duderino_7885] 31/1/2017 14:42

Donald trump is gold's best friend.

Interesting year, fight between him talking the dollar down and Yellen talking it back up!

Who will win?

Dollar/yen now approaching critical support at 112.5. It continues to dive lower and of course "gold" continues to go higher!

No doubt the fomc meeting will reverse this on Friday and talk the dollar back up.

[bsg] 31/1/2017 14:36

Looks like it's all down to mine life now.

[bleepy] 31/1/2017 13:37

1.92 AZN/USD for Feb. 1

[jbe81] 31/1/2017 12:31

Very good day for silver and copper too

[mattjos] 31/1/2017 12:09

gold pushing on .. lets see if we can crack the recent highs of $1,220

[mattjos] 31/1/2017 11:09

tight spread ... am being bid 20.5 to sell a load and they are offered at 20.7 for same size

[s0lis] 31/1/2017 11:08

Higher volume today. 1M already. B+B of 250K ? but little buying pressure.

I think we will have to wait for news.

[bumpa33] 31/1/2017 08:18

Mattjos - looks like a bit of two way yesterday in fairness to my friendly mm :) good to see gold firming...

[mattjos] 31/1/2017 07:59

Gold quietly peeping back over $1,200 this morning

[mattjos] 30/1/2017 21:54

Quite a shuffle of stock today. Very unusual for price not to change on a 1m volume day. Seems to suggest it is being pegged here by the dominant market maker.Not long to go now and another $2.5m will come off the debt in February

[jeanesy] 30/1/2017 19:05

Big volume today

[jbe81] 30/1/2017 17:00

yep, have been some big trades recently. There also seems to be a shift in attitude towards gold, with more keen to be long.

[robo21] 30/1/2017 15:36

Unusual trading today ?

[homebrewruss] 30/1/2017 13:49

Thanks bsg. Hopefully we'll get some good exploration upside this year which will allay all your (and anyone elses) fears :)