Anglo Asian Mining Share Discussion Threads

[jeanesy] 19/12/2018 19:16

Predictably FED raises rates and POG falls back !

[callmebwana] 19/12/2018 18:24

Gold price @ $1256 now, so I would have expected the share price of AAZ to go up but instead is has fallen a bit. Conclusion? PI's are selling for XMAS spending money.
have a good evening all.

[sportbilly1976] 19/12/2018 17:11

+1 for watching the Baltic dry index....

I recall a few on here in late 2006-8 using that as a barometer long before other elements came to the fore

[2sporrans] 19/12/2018 17:05

Agreed Matt

another alert was given last week when the treasury yield curve finally went -ve; just a tad between the 3 and 5 year bonds.
yield curve inversion is one of the more reliable forward indicators of a recession coming, though typically 12-18 months hence.
ok,it may be somewhat different this time with all the distortions of first 3 phases of qe and now phase 1 of qt feeding in.
but the trend is clear and just 1 of an abundance of indicators of a usa econ. slowdown and a more serious one beyond the usa.
how about the no show at the retailers so far this month; even on-line not great?
or the oil gas markets, like USA inventory builds persist, despite dramatic price drop or lng saturation in china with storage there maxed out.

another one to watch is the maritime freight indicator, the Baltic dry index which tracks weighted average global cost of shipping raw materials; so when it falls, there's more ships idle....



is it just turning down again and will the April low be tested/broken.?
definitely one to watch.

raise today by all means
but i cannot see the harm in then going on hold for 6-9 months; wait and see how the econ. picture evolves.
after all, where's the inflation, in particular the 'wage' driven inflation??
the risks seem decidedly skewed to the downside now for growth; so a pause to see what's happening seems prudent to me.
if by q3 2019, its looking like us gdp growth forecasts for q4 and 2020 of 2%+ or more, resume with next 0.25% hike; maybe 2 a year ok at that level of growth with av. 2% inflation.....with the 1 off trump tax cut boost run its course.
but i accept wtfdik v the fed guys.

[wanobi] 19/12/2018 16:44

AAZ - I'm happy it's held the horizontal support line, the upward trend is broken now, but this is not an exact science so lets see how long this goes sideways for,,,,, from this point onwards... the chart in the header shows just how long it's gone sideways earlier this year, so maybe it'll just do that now through the xmas period until we get JORC & QTR results!? cheers Wan


free stock charts from uk.advfn.com

[bumpa33] 19/12/2018 16:33

I’ll take a look thanks ;)

[sportbilly1976] 19/12/2018 16:20

Bumpa,

Reckon there's a shock rns or fall coming again at Interserve.

definitely not one to hold overnight though

[wanobi] 19/12/2018 16:17

AAZ tick up coming :-) cheers Wan

[bumpa33] 19/12/2018 16:10

GMS - opening auction at 20, briefly dropped a few pence before straight back into auction, and again, and again...! I picked the wrong bleedin’ one this morning with YU 🙄

[callmebwana] 19/12/2018 16:02

I have just been looking at AIM Rule 26 on AAZ website. It does not show any major share holders bar the BOD.Surely someone must be holding around 3% or more shares !!
I find that very strange for the moment. Anyone any answers?
I don't believe close to 60% is held by PI's alone.

[sportbilly1976] 19/12/2018 15:55

delayed 24k buy through NEX ...support lines mentioned here earlier today seem to have held...now we need a nice move upwards to confirm restoration of upward trend and to push to inevitable resistance once again at 100p

[callmebwana] 19/12/2018 15:35

GMS has taken a big hit today.I remember their IPO @ £1.30 in 2014. They contract out self leveling ships to the Oil industry.Broken Bank covenants this year. So will they be liquidated ?? They have fair sized assets though. Will the Banks want their pound of flesh?? Sad really for PI's. I remember buying some and selling around £1.47 or there about. The IPO package was very glossy then.
BUR has gone up 17% today though.They have gone into a partnership with a Fund.$1.6 Billion. Enough to keep them going for 4 years.LOL all the fun of investing in the Stock Market.
AAZ controlled by the MM's or PI's selling to get spending XMAS money?
We wait and see.
ATB.

[wanobi] 19/12/2018 15:33

AAZ - I think I finally have a good handle on the buying/selling pressure at any given time and can predict a rise or fall coming, so that's some serious progress for me, happy days, cheers all Wan

[sportbilly1976] 19/12/2018 15:29

The 100 trades seem a bit odd - surely the limit hadn't been reduced to that level??

[sportbilly1976] 19/12/2018 15:27

Gold profit takers cleared by lunchtime - went from $1.50 or so down to the current $8 up in the space or around 30 minutes ahead of the FED decision later this evening (7:30 pm in case you want to tune in)

[wanobi] 19/12/2018 15:19

AAZ - none to buy now, should be going back up, lol, :-) cheers Wan

[sportbilly1976] 19/12/2018 15:04

just 11k traded through there today jeansey - and mostly all buys routed there yesterday

[jeanesy] 19/12/2018 15:01

Cant see this staying at these prices for long. POG doing well but we await FED news later so things may change, we shall see. I see a late reported buy of 100K yesterday. Strange price movement if we are to believe reported buys.sells as buys far outweigh sells on what ive seen.Perhaps sells occurring on NEX market? last reported buy was in fact a sell as sell price now above mid like it was yetserday.

[sportbilly1976] 19/12/2018 14:44

now $4.50 up

edit - $6 up

favourable comments this evening and it could be a $10+ day rise

[sportbilly1976] 19/12/2018 14:38

gold now $2.50 up

[mattjos] 19/12/2018 14:34

drift seems for no reason other than normal Xmas sellers needing cash & that happens every year.

We'll get a clearer view on direction of Gold price later this evening

[sportbilly1976] 19/12/2018 14:27

Gold back positive now too after some profit taking this morning, up just over $1

[bleepy] 19/12/2018 14:19

Another 100,000 @ 89p late reported buy...

[wanobi] 19/12/2018 13:49

AAZ trade no. 7 on LSE from 16.27 yesterday, printed today for 100K shares, looks to be a buy to me?

cheers Wan