Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 15/6/2020 22:54

Pogue to be fair he’s been at Trump for some time, it suits his agenda; not supporting Trump but Roubini is a Dr Doom.

[bamboo2] 15/6/2020 22:47

AVCT There is a H&S tp 73.5

[pogue] 15/6/2020 21:26

Nouriel Roubini's take on the world just now and where its going, if you are depressed now don't have a razorblade near you if you read this.
The bit that stands out as being unique is his take on what Trump would do if he lost to Biden....

DER SPIEGEL: And you seriously believe that he would then barricade himself in the White House?
Roubini: Of course. Trump does not go to the Supreme Court like Al Gore and request a recount of the votes if the election results are close in some districts. He will blame China, Russia, blacks or immigrants and act like the dictator of a banana republic. He will call his followers to arms – there are enough armed white fascists running around out there. He reminds them often enough of the Second Amendment, which allows Americans to own weapons.

[jeanesy] 15/6/2020 21:10

Looks like i should have sold DDDD too. Can't believe it is now 40p despite all the recent positive news. How low will this go? The directors bought shares at 50p so they aren't looking too clever either at this point. To finish on a positive the POG has recovered nicely this afternoon and is once again nicely above 1700. Don't forget to submit your questions for the AAZ AGM.

[riggerbeautz] 15/6/2020 20:42

Wan notice the markets are playing with sentiment, this is where ordinary punters get exposed for not having stomach as kickingking alluded earlier or deep pockets if they are over committed.

See what the Dow did, bet there are traders getting constantly wrong footed daily, saying that I wouldn’t be using up all my spare funds, a decent cash pile feels wise, as does some form of other insurance.

[ilostthelot] 15/6/2020 19:57

Yes long until after the US elections then I fully expect a long term bear

[brasso3] 15/6/2020 19:44

They will not let this market fail. Best to be long at present.

US markets UP!
Gold UP!
BTC UP!
Simples!

[cinoib] 15/6/2020 19:39

So much for futures and so called doomsters, Dow now 250 up not 800 down as was the futures early doors and gold near flat at just $2 down.

[lefrene] 15/6/2020 18:01

From what I have seen all my life, I doubt there are enough brain cells in the HoC to organise the running of a railway timetable, let alone grand social/political schemes.

It's more like a pack of hounds looking for something/anything to pounce upon for the sake of grandstanding. So we bounce from one unnecessary event to the next, just muddling through as we go, and yet making such noise in the media that it fools enough of the public for enough time.

Anyway, all that aside, as per usual AAZ swift to follow a small down tick in gold, but sluggish to follow it up.

[mattjos] 15/6/2020 17:53

i never really look at the Offer price for AAZ any more. Not now the MM's have decided to take the mickey during these current markets & stretch it out to 10p … it's the Bid price that interests me.

Price appears t0 be down but, the Bid is same at close today as it was Friday. It's only down because they finally closed up the spread a little to 5p & then we saw the buying come back in.

Gold could not even get down to $1,700 today before bouncing back

[bo doodak] 15/6/2020 17:25

That raises the question, has corona really been an experimental training exercise so that we can behave appropriately, like dogs, in advance of the next, more vicious, restriction of our liberty and free movement, as economic conditions continue to deteriorate, when it becomes required.

Only last night I heard a senior UK police guy on tv saying in these 'unprecedented' times' we need to suspend the ability to protest - temporarily of course....

[lefrene] 15/6/2020 17:16

gold finger1, it's my view that the virus was a great opportunity to disguise the fall out of the biggest banking crash ever, that kicked off with the repo market in NY seizing up on 17th Sept last. Not mortgage bonds this time, but derivatives linked to corporate bonds and loans. Apparently the size of this derivatives market was a truly staggering $680 trillion, if even only 2.5% of that went wrong then there's $16 trillion to cover.

Thus deliberately crashing your economy is a great way to hide the fall out, and it rather looks as if another fortuitous event is being manipulated to create even more distraction.

So hiding out in a bargain gold miner that pays a good dividend, is the only strategy that currently I can think of. My guess Africa, India and China will be the biggest drivers of economic growth over the next decade, but not just yet.

[wanobi] 15/6/2020 16:41

if it does Rb,,, I'd be waiting for the 56p GAP !!!!!!! LOL Cheers Wan :-)

[riggerbeautz] 15/6/2020 16:40

Jbe at this rate AVCT might get back to the price I sold at in the 70’s :0)

[wanobi] 15/6/2020 16:39

seems to be shaping up nicely Rb :-) cheers Wan :-)

[riggerbeautz] 15/6/2020 16:38

Wan big boys coming to the table in AA. again.

[wanobi] 15/6/2020 16:35

big big shake today jbe :-),,, I'm holding firm with my free ride shares,,, I should have waited for the GAP,,, before adding to them,,,, but, I am scaling back in again so all's good so far :-) but, but, but,,, I keep doing the same thing!!!,,, I see the GAP and then buy anyway,,, LOL,,, note to self,,,,, Wan, practise what you preach and let the price come to you from now on !!!!! always, always, always respect the GAP's..... GLA Holders,,, Cheers Wan :-)

[fozzie] 15/6/2020 16:35

Order filled at 99.5p on AVCT, very surprised to get them, fingers crossed they bounce from here.

[jbe81] 15/6/2020 16:26

Taking your profits on AVCT doesn't look like such a bad call now Wan,thought it looked cheap at 1.10 today!

[wanobi] 15/6/2020 16:16

TXP - he's back :-) LOL,,, go on Paul my son :-) Cheers Wan :-)

[lefrene] 15/6/2020 15:38

Bo Doodak, I don't think we have ever before had the FED buying up the market by using Blackrock as its agent. My guess would be that anyone with the least foresight would be taking advantage of this largesse and selling into it, because we seem to be heading for a situation where the US government will own a huge slice of a market in which a high percentage of the constituents are insolvent.

It would seem probable that the government will then prop up these zombie companies with yet more created money, perhaps for many years. But of course the most important thing is to keep the plates spinning until past the election, hoping to get their man in, and grab another slice of the pie.

The mess is so huge that it is baffling.

[bo doodak] 15/6/2020 15:10

Lefrene, concur with most of what you say. Its going to an interesting next couple of years. As you say, the leveraging is very probably much reduced, but I just can't shake the nagging feeling (being naturally cautious) that we (and most GM's) will have to stomach one last sizeable sell off, but hope I am wrong.

In essence I'm thinking it'll be dependent crucially on how sharp the coming next general market decline actually is. I believe its going to be another severe shock as there is still so much complacency and blinkerdness everywhere.

[lefrene] 15/6/2020 14:47

Bo Doodak, I believe the earlier crash across the board was due to a dash for cash by people using leverage, who sold whatever they could to raise cash to cover their open positions. I presume that risky over leveraging behaviour is now greatly reduced, or at least so amongst private share holders. I take the view that we are now in a grinding phase where anything that shows signs of increasing weakness, will get worn down as weak balance sheets and declining turnover become unwanted. Good old fashioned value will be wanted. AAZ has it, although the market seems reluctant to recognise it.

[onedayrodders] 15/6/2020 14:42

Defo strange feeling about today and these markets