Anglo Asian Mining Share Discussion Threads

[bleepy] 11/8/2020 22:02

My son lives and works in Dublin.

I have taken a position in CGNR as have the utmost faith in Aaz bod to deliver shareholder value here and CGNR having been in Aaz since 5p days.

Research on CGNR licensed areas suggests huge potential and extremely happy to see Aaz in the driving seat leading an 18 month exploration programme toward pick and shovel status. Looking forward to JV being finalised.

My son is aware of both Aaz and CGNR and has a preference toward SB than long term investing. Me I’d rather sleep at night as happy being a long term investor.

[riggerbeautz] 11/8/2020 22:01

Wan, did say keep the powder dry when AAZ divi came in and folks shouldn’t rush in, other than a little silver foray that I’ve been stopped loss out of, I’ve largely took little profits and sat out buying in this rise. Even the physical P.M market was over heating, premiums were there to be traded with dealers and only new entrants were largely buying.

Some point it will all settle back down, slow and steady is more sustainable. Though 100 point swing days are looking more likely than ever before.

[wanobi] 11/8/2020 21:04

cheers
Wan :-)

[mattjos] 11/8/2020 20:57

Will have a look at them all .... as far as AAZ concerned, we should have some hugely impressive H1 financials soon with accompanying dividends + we'll be it back into the new underground Gedabek mine just as PM's begins their next big move up. I will be sitting tight and enjoying rest of the summer, as best i am able with all this virus thing ... November thru April next year should be pretty amazing time for Gold. Now that Conroy has raised some cash, i wonder when we'll get drilling in Ireland.Anyone live near there? Have relatives there?

[saint in exile] 11/8/2020 20:48

I see Matt thanks for the feedback,interesting incite.Have you looked at Vast Resources?

[king suarez] 11/8/2020 20:46

CAML has a zinc/lead mine (as well as copper)

[donald pond] 11/8/2020 20:43

Griffin Mining but its got an appalling board

[mattjos] 11/8/2020 20:30

S i e, sadly not how it works. You have to have these waves of gains and then consolidating back steps but, the long term trend is secure in Gold.No better time of the year for the paper market to temporarily take back control ... folk are lazing on beaches and likely already banked gains for spending money.The idiot brigade (Robinhood traders) have been recklessly piling in and the smart money has is now taking their thinly secured leveraged gains off them in dramatic fashion.They will all be rinsed out by October and then be left with no funds as the more durable long term rise commences.You must either be a real pro with big funds or a complete idiot to try and trade silver on leverage .. it is massively volatile in its up trends and mind-numbingly boring in its consolidation phases.What I am finding interesting right now are Zinc & Lead.It's pity there no listed Lead-Acid battery manufacturers ... China Shoto was the last one and it was taken private. That was a great investment 10 years ago.Anyone know any Zinc producers?

[wanobi] 11/8/2020 20:27

interesting day jeanesy, could we be witnessing another flight to liquidity, seems as though everything is now headed down, we shall see :-) Cheers Wan :-)

[saint in exile] 11/8/2020 20:24

Where does the stock market collapse fit into your timetable matt?

[mattjos] 11/8/2020 20:11

US$ Basket has to rise from here, afaiac. Only the monthly chart it's as obvious as nose on your face.I expect to see a strengthening $ & some strength in Bond yields also from here, all through September and into October.We should therefore expect to see falling PM's prices.Gold could fall as low as $1,670, afaiac & I would no problem with that.BUT, middle October onwards will be the floor and by end of October, i see an even more severe downward lurch in the US$ to new lower lows.Conversely, this will see PM's begin their ascent to new ATH's.It's going to happen so, get used to the idea is my advice but, when it turns at end October, it's going to be rapid & you might quickly be left behind, imo.

[saint in exile] 11/8/2020 20:04

I would rather the price went up tbh!

[bozzy_s] 11/8/2020 19:51

For once it seems AAZ outperformed other goldies today. A few weeks ago I'd have expected a 10p drop on today's gold price.

I continue to be impressed by Matt's technical analysis. Sometime at the end of last week he posted a strong wish / expectation for the gold price to drop significantly, to knock the froth off.

And a few days later, here we are :)

[jeanesy] 11/8/2020 19:47

I am sure that PUR will be sub 100p tmw WAN. I thought i was being greedy not buying today but with PM's tumbling tonight im sure there will be chance to bag some much cheaper than today. I read some are predicting 1800 gold so it might be a case of keeping the powder dry for now !! ... price could go sub 1900 tonight by the look of things .. wow !

[brasso3] 11/8/2020 19:37

I hope silver goes back to $18!

Although I did buy some Iron Man 1oz silver coins yesterday for my nephews xmas presents at £32.50 each!

[mattjos] 11/8/2020 19:33

No one is going to step-up in August to buy this retrace so, it will be all the way back to the low $1,800's for Gold & $18 for silver, imo.All good, afaiac right now ... this is the Handle forming

[polaris] 11/8/2020 19:30

Really taking the froth of that PM market today! Silver taking an even larger slapping.

Long-term trend remains up and the top of previous gold channel is only around $1850. Shows it went out of the blocks too fast and needed a breather.

[saint in exile] 11/8/2020 19:27

Yes can't recall silver ever going up 13.50% and counting in a day.

[qazwsxedc69] 11/8/2020 19:16

Down 110 and seemingly accelerating. Long overdue. Might as our a close in the 1900s altogether!

[jeanesy] 11/8/2020 19:09

Price of gold now down about 100 dollars in a day ! Silver taking a beating too. I'm expecting some bargains tmw ! You can be sure that prices will be marked down more than they were marked up that is for sure !

[mattjos] 11/8/2020 17:48

https://www.bloomberg.com/news/videos/2020-08-10/barrick-gold-ceo-expects-prices-to-settle-at-a-new-base-video

[wanobi] 11/8/2020 17:38

DSV,,, down, but, not out, doing much better than I thought today LOL,, oh what a game chaps :-) GLA Holders, cheers Wan :-)


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So FAR :-) LOL

[wanobi] 11/8/2020 17:29

if one still has faith in PM's there looks to be some great trend tests coming up to buy upon :-) Cheers Wan :-) GLA

[wanobi] 11/8/2020 17:27

PUR, cheers Wan :-)


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[wanobi] 11/8/2020 17:25

POG, cheers Wan :-)


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