Anglo Asian Mining Share Discussion Threads

[wanobi] 05/6/2020 16:49

I wish Rb LOL :-)

I get that Bumpa,,,,, now that I've traded a bit,,,, make a profit sell it,,, then look at it fresh,,, wait, buy it again or short it,,,, new trade... no regrets, wots gone is gone :-)...

4D - tis a strange fish right now :-)

Wishing you both and everyone else a fine weekend & thanx to all for the contributions this week,,, excellent work :-)

Cheers
Wan :-)

[bumpa33] 05/6/2020 16:45

Rb - you still lamenting AML? You can’t have the actions of a trader & the hindsight of an investor - it don’t work. You made 10% in a day, get over it :)

Wan - see 4D still churning, I quite like the little end of day dampeners though.

Good weekend folks...

[mad foetus] 05/6/2020 16:16

I've bought some NUGT. It is randy as hell but if gold gets support here could go far

[riggerbeautz] 05/6/2020 16:07

Lol Wan I reckon as black adder would say it’s a cunning plan, you really just try and mislead everyone ;0)

[mattjos] 05/6/2020 15:55

You can NEVER, NEVER, NEVER underestimate the Yanks in business …. they will not roll over. These events are simply challenges & opportunities .. in the short-term
Long-term, the debt is simply too big so, it is only more postponing the inevitable

[brasso3] 05/6/2020 15:51

ORPH looking good into the close.

[lefrene] 05/6/2020 15:49

I'll bet November seems an awful long way off just now, if you're trying to prop up the market until your man gets past the post.

"Big WOW" that leaves a mere 38 milion officially unemployed, and lord knows how many others, but the DOWjumps 700 points! At this rate the DOW will be 50% up before Christmas.

[wanobi] 05/6/2020 15:44

post 21042 - by wanobi :-) LOL,,, at 20.07 last night LOL

TXP call - I'd expect a sell off tomorrow....

what a wally!!!! LOL LOL

lesson, when Wan says things like this, go long :-) LOL

UP 1%

GLA
Cheers
Wan :-)

[c0lin1] 05/6/2020 15:41

dont say that the local soy boy will be wailing uncontrollably

[mattjos] 05/6/2020 15:35

As the Yanks would say; "Big WOW" on the NFP …. another brick in Trumps footings for a second term was laid today

[brasso3] 05/6/2020 15:30

The Hardman note would be nice right now!

[wanobi] 05/6/2020 15:30

post 21075 - by wanobi :-) LOL,,, at 07.49 today LOL

4D - looks to be a good day forming me thinks :-) GLA Holders, cheers Wan :-)

what a wally!!!!! LOL LOL

lesson, when Wan says things like this, go short :-) LOL

DOWN 4%

GLA
Cheers
Wan :-)

[riggerbeautz] 05/6/2020 15:29

True Wan, I just know doing a day churn in AML wasn’t normally me and having bailed at 44p, look where it is now eh. As Bumpa reminded me though, a profit is a profit.

[lefrene] 05/6/2020 15:28

IamBV, well we will have a housing bust, I guess that just leaves the gold to be sold off! :¬)

I agree Inaminute, I too can't recall such a huge disconnect between market and the real world, but I suppose in previous era's we haven't had the FED buying everything in sight regardless. One wonders what could possibly go wrong?

[wanobi] 05/6/2020 15:23

I get 0.01% interest in my current account Rb and I'm doing well I'm told LOL,,, well done :-) Cheers Wan :-)

[riggerbeautz] 05/6/2020 15:22

Taken SHI profit, too early maybe but it was an easy grab at 25%.

[saint in exile] 05/6/2020 15:21

I reckon you are better in cash till after the crash,its one thing saying it and another doing it though.I reckon we will go below a £1 too before the rise we have all been dreaming of

[iambv] 05/6/2020 15:20

Just think what a state the World would be in if Gordon Brown hadn't saved it, when he did!

BV

[inaminute] 05/6/2020 15:07

I don't believe I've ever seen such an imbalance between gut feel/obvious current/future economic problems and the stock market.

[wanobi] 05/6/2020 15:00

A useful reminder :-) GLA Cheers Wan :-)

June 5, 2020 - King Dollar Sounds a Market Alarm, By Marin Katusa

Central Bank created cash around the world has propped up major stock markets and indices like the NASDAQ, DJIA, and S&P 500.

This creates a stark distinction between a “V recovery” in the stock market and the harsh reality of the real economy.

Double-digit unemployment rates, negative GDP across the globe, interest rates near, at or below zero…

NONE of the economic indicators point to the underlying economy being healthy.

Imagine your body projecting the epitome of health on the outside. Everyone sees your fancy clothes, exotic car, and million-dollar smile.

But your internal vitals are about to shut down. Your cholesterol is high, arteries are blocked, blood pressure is high, and your kidneys are failing.

The market looks good, but the internal reality is not.

That’s the dichotomy you’re seeing right now in the markets.

I’ve never seen a greater difference between the stock market and the economy than what we’re witnessing right now.

And in uncertain times, gold gets attention.

Recent Gold Price Activity

Let’s take a look at gold’s recent price performance...

Gold has consolidated in its upper ranges. Since May 1st, gold has only closed below $1,700 3 times. This is positive consolidation for a stronger base.

I personally believe it’ll take more time to consolidate before there’s a break higher. I’m also not ruling out the possibility of another “sell everything” type event happening within the next 3 to 12 months.

Why Is the U.S. Dollar “Collapsing221;?

First off, it’s not collapsing. But that’s the narrative many want to believe.

This week there was selling pressure on the U.S. dollar.

The U.S. dollar came under pressure and broke key technical support levels versus major currency pairs.

What’s the Impact of the U.S. Dollar Falling?

Many may view this as a positive for global growth and improving economic conditions. I believe that there are other issues at play beneath the surface. These tell me the economic internals aren’t functioning as they should.

The 3 most important letters in the market today are YCC: Yield Curve Control.

•Yield Curve Control allows central banks of the world, such as the U.S. Federal Reserve, to target specific interest rates through the purchase and sale of government bonds.

What’s the difference between Quantitative Easing (QE) and Yield Curve Control?

The key difference between QE and YCC is that QE deals in quantities of bonds, whereas YCC focuses on bond prices.

YCC requires enormous trust in the central bank.

The reason is, if the bank fails to keep bond prices at the specified target level, the whole house of cards collapses.

A common trait in YCC is that the short-term rates see extremely low yields (higher bond prices) while the long-term part of the curve steepens (lower bond prices). Keeping short-term rates low reduces the cost of borrowing.

•Today, the yield curve is the steepest it’s been in three years.
The Federal Reserve has injected trillions of dollars into the system. This pushed down the yields of short-term bonds and caused long-term rates to spike.

The steepening of the yield curve in a healthy market is commonly a sign of improving growth and an increased appetite for risk on assets.

The problem is, right now we have anything but a healthy economy.

This week, Christine Lagarde and the European Central Bank injected an additional €675 billion into the system, bringing total injections to €1.35 trillion. Eurozone GDP is forecast to be down 8.7% for the year.

In the United States, several trillion dollars have been injected and there are rumors of another $1 trillion in the pipeline. U.S. GDP is forecast to contract by approximately 5%.

China abandoned a GDP target for the year entirely.

What about other major players, you ask?

What does a steep Yield Curve and weak economic growth signal?

Weak GDP growth, high unemployment and rising long-term rates point towards deflation and then stagflation. This is not good. Again, when the insolvency crisis hits, it will be USD that the world rushes into once again.

How Do You Prepare for Deflation?

First, in a deflation – financially speaking, debt is the worst thing to have. Cash flows drop, and so cash is king. Everyone loses in deflation, but those who are able to preserve their wealth and lose the least win.

How Do You Prepare for Stagflation?

This is when it gets very ugly for the everyday person in society. People forget that even though the stock market dropped 85% from its 1930 peak over the next two year, the great depression lasted another decade.

Think of stagflation as higher prices for everyday survival goods (food, energy, shelter, clothes) but coupled with high unemployment with no economic growth.

Historically speaking, gold and the U.S. dollar were opposites. When one was up, the other went down.

But in this new world of Quantum Economics, we’ll see a strong dollar and strong gold prices at the same time.

China has shown very clearly that they’re not ready to be the world’s reserve currency yet. Perhaps even more so by creating their own “digital currency”.

Eventually, governments around the world will try to solve this incredible debt problem by introducing digital currencies.

China has already floated the idea, but are you, the U.S. government, the ECB, and international businesses going to subject themselves to using a digital currency controlled by a communist government?

There’s a long way to go before international acceptance of digital currencies. And before then, it’s what you do financially that will position yourself and your family’s financial destiny.

If you look at growth around the world, where do you see strength?


Europe? No.

China? Yes, if you believe their numbers – but even going off their own numbers, it’s weak compared to where they were at before.

The United States? Don’t count out the U.S. Right now things are very bad in the U.S., but the U.S. has always done its best when they had their backs against the wall.

What has any central bank done globally done over the last three to five years to replace the U.S. dollar as the global reserve currency?

Nothing is the real answer.

[mad foetus] 05/6/2020 14:58

IPF getting lots of directors buys and bowling up nicely

[riggerbeautz] 05/6/2020 14:58

Well guys I was within a nats whisker of being stopped out, so in some respects got lucky as set it a bit too tight. Just need someone to give AA. a nudge up now.

[wanobi] 05/6/2020 14:51

yep, well done Rb :-) great work :-) Cheers Wan :-)

[fozzie] 05/6/2020 14:49

SHI going great guns for you Rb, one that got away from me, thought it would come good but ran out of money.

[skeptic1] 05/6/2020 14:44

Bullsht quite frankly. Logging off as I'm feeling a little cross. Good weekend all