Anglo Asian Mining Share Discussion Threads

[c0lin1] 21/4/2020 19:59

Lol. Try making a comment without shoehorning in you TDS. No one is interested.

[11_percent] 21/4/2020 19:31

Lucky escape Brasso3.

However, its getting closed to the point to go long.

[11_percent] 21/4/2020 19:29

The WTI June contract is at $9.7, unbelievable.....it started off the day at over $20.

As you say, it could go negative.

Yes, all these guys just want to trade paper oil, with no one wanting to take delivery.

[brasso3] 21/4/2020 19:28

WTI just touched $7/ barrel!

I had a long order in at $10/ barrel which I forget about. I was well under at one point but out at $13.5. I wondered why my phone was going crazy (IG messages).

[2prsimo] 21/4/2020 19:23

It's the paper trading that's causing all the problems - no-one can take delivery of the stuff! Meanwhile, Exxon has hardly moved. Interesting

[bumpa33] 21/4/2020 19:18

Cushing capacity is 91m, last update I saw was 71m - getting close...

[11_percent] 21/4/2020 19:10

I think the US oilfield has just run out of storage. They are saying that they are even storing it in pipeline. Nothing is moving.

EU /Russia
This is getting interesting.
The gas which Russia supplies to the EU is a buy product of the oil they produce. If they shut in the oil wells, no gas for EU.
Ok, its heading for summer, but they must need some gas.

[11_percent] 21/4/2020 19:06

Here's the risk on ETFs folks; USO suspended:

[bumpa33] 21/4/2020 18:56

And a bit more @ just over 8 bucks - someone’s getting liquidated here...

[wind dancer] 21/4/2020 18:28

Politics.......pls lets concentrate on the company!

[bumpa33] 21/4/2020 18:23

$12 - as said earlier, that’s good enough for me. For once I will have to be patient, oh the joy...!

[goodgrief] 21/4/2020 18:20

Put up or shut up!

[c0lin1] 21/4/2020 18:14

Here we go again

[wanobi] 21/4/2020 17:43

many thanx to all for your posts today, wishing you all a very pleasant evening, cheers Wan :-)

[goodgrief] 21/4/2020 17:15

gf1, justify that statement... "The MSM and the dems have helped destroy their own economy"

[wanobi] 21/4/2020 17:07

just imagine if paper market settlement was requested in physical, not USD, Bumpa :-),,, it would be like the oil market in reverse, no!? LOL GLA Cheers Wan :-)

[bumpa33] 21/4/2020 17:04

BoA - gold to reach $3k. “The Fed can’t print gold”

[gutterhead] 21/4/2020 16:09

MM's rinsed it today

[bozzy_s] 21/4/2020 16:09

Doesn't time fly. It's nearly May already. Looking forward to AAZ's 2019 FY results which we know will be brilliant. And looking forward to a dividend announcement of ~3.25 to 4 pence per share payable in July. Then another of ~3 to 3.5 pence in November.

Tons of upside still here, despite excellent share price performance over the past month. High gold with potential to go higher. Very cheap oil. Weak £ vs $. All good for AAZ.

[waterloo01] 21/4/2020 15:57

Taken a small position here with some of the profits from GGP.

[spidertricks] 21/4/2020 15:49

I'm glad to read how strict they are being in Azerbaijan this is a post from a FB group I'm a member of for existing and former employees at Shell shipping ....Try the oil industry. I work in Baku for BP. They are chartering a weekly jet from UK to Baku to get contractors and 3rd party in. They have to then go into state approved quarantine for 2 weeks being tested whilst there before they can go to the site.

[bumpa33] 21/4/2020 15:38

Must read for anyone thinking of trading oil here ‘n now - be careful what instrument you use! I didn’t realize that USO accounted for 30% of WTI futures contracts - article states June 20 though I assume it’s a rolling position.

[wanobi] 21/4/2020 15:37

AAZ - fwiw, cheers Wan :-)