Anglo Asian Mining Share Discussion Threads

[saturdaygirl] 05/8/2020 21:35

Its also an inverted head and shoulder pattern , could be the launch pad thats required .

[mattjos] 05/8/2020 21:30

A Buy or a Sell?

[brasso3] 05/8/2020 21:22

The current state of play on silver is explained here:-

[saturdaygirl] 05/8/2020 21:21

This up and coming triple top is crucial .

[excellance] 05/8/2020 20:35

Since September 2019 AAZ have been range bound, after a rise from 20 to 180p

Now gold is up nearly 50% from the time of thar previous high it is time for this to break out.

Why did it not break out earlier?

It went from overbought at 180p down to 120 thanks to large holdings by long term holders being top sliced or plain dumped!

Many will regret that decision.

This really should go to 300 in the next month or two.

[wanobi] 05/8/2020 20:29

yep, anything that cannot be printed and that's BTC also,,, cheers Wan :-)

[jbe81] 05/8/2020 20:18

Away from gold, ARB doing well since my buy, btc rising and looks like both will continue to rise

[mattjos] 05/8/2020 20:16

Silver is their main big-play .. supposedly because in 2009 they were told the banks would never again be bailed out & therefore JPM decided to ensure it has the physical metal to withstand the coming fiat wipe-out.

[mattjos] 05/8/2020 20:14

correct .. they have been deliberately suppressing the physical price with paper contracts (using free money from the FED so don't care if they lose a bit here) and at same time amassing the physical silver for the much bigger play on the resulting upside wen they close shorts and let it rip upwards with several years of pent up energy propelling it upwards.

They will make a staggering gain & you can be damn sure they will open more shorts before they start dumping the physical in order to win again on the downside.

Their sheer scale means they control the market to a large degree and determine the upper and lower price points

[saturdaygirl] 05/8/2020 20:10

Gold to test $2015 then push the buy button

[brasso3] 05/8/2020 20:06

The plan was not to make money on the paper short position. The plan was to make money on the physical long position.

[jbravo2] 05/8/2020 20:00

You see I just don't get that "don't bet against them" stuffWhat price have they been closing that short at? If it's been closed anytime in the last 6 months I can't see how they've made money?

[wanobi] 05/8/2020 19:41

thanx for posting stt, your success has made my day,,, great work and well done for taking the cash off the table to put solid foundations under your feet and a bought & paid for roof over you head.... excellent work,,, cheers Wan :-)

[cordwainer] 05/8/2020 19:37

So i did reduce too soon at 158.65p :-\

[mattjos] 05/8/2020 19:36

For at least the last 8 years, JPM has been using zero cost paper money from the FED and using part of it to short the physical PM space …. whilst, in parallel, amassing the largest physical silver hoard in history. Fr bigger than the Hunt brothers.
Silver price action suggests JPM have decided its time to let silver rip higher .. nice for them as they reportedly have 200m oz physical in warehouses.

[mattjos] 05/8/2020 19:30

"This time too there is something of a game-changer evident in that the biggest silver short of all, JP Morgan, has according to long term silver analyst, Ted Butler, who knows a thing or two about silver and its markets, reduced its short position to at, or near, zero. JP Morgan also has, again according to Butler, amassed an enormous silver bullion hoard in the meantime and is thus poised to benefit hugely from any runup in the silver price. The megabank has also, Butler reports, reduced its gold shorts to near zero too. The moral - don’t try and bet against the world’s biggest, and most successful banker!"

[steptoe11] 05/8/2020 19:16

davidbrentsjockstrap

Reading your othere posts, you must be a real 'David Brent' I'm pretty sure the Azeri government wouldn't want to jeopardize foreign coin with a Corbyn style grab. I imagine your bitter that you didn't buy in low and can't bring yourself to buy at today's price. Move on you missed the boat, I was lucky, this was the first share I purchased and at 5p. It paid for my first home when it went upto 70p i sold 90% and kept the rest.

[bonio10000] 05/8/2020 18:55

davidbrentsflipflop
Member since: 05 Aug 2020

[davidbrentsflipflop] 05/8/2020 18:46

when will the kazakh gov nationalise this?they are short of cash

[bonio10000] 05/8/2020 18:26

Any general thoughts on why PM miners seem to be underperforming PM rises this year?

On historical measures miners have well under performed - compared to where they should be.

Mind you - I guess there will be some stunning PE ratios when earnings adjust.

[avsome1968] 05/8/2020 18:08

Brasso

ORPH and DDDD very frustrating at present!



DDDD will come good brasso price settled for now just need some decent news//

I had a 100k top up on trin {oil} today bought also last week, lot more volume today 600k///400k late buys went through seems something is brewing hopefully trin will see a bit more love/// cheers AV

[wanobi] 05/8/2020 17:38

edit,,, ooops soz,,, thought it was Friday LOL LOL Cheers Wan :-)