Anglo Asian Mining Share Discussion Threads

[pogue] 27/8/2020 09:58

ORPH blasting through 14p early doors and CF to talk tonight on Proactive looks like it maybe finally on the move.
Re inflation its the only thing to get the US debt mountain to shrink so the FED needs inflation so it will happen the problem is you cannot easily control inflation so encouraging it could be waking a sleeping dragon, older readers will remember the fun we had last time it got out the cage. FED talking a good story but can they deliver on controlling inflation, I dont think so.

[bonio10000] 27/8/2020 09:57

Someone has finally worked out what Jerome Powell is about to do.

Should do wonders for DXY as well.

[mad foetus] 27/8/2020 09:52

Someone's started buying in a hurry

[mad foetus] 27/8/2020 09:50

Chartwise, we are in a very congested area. Can't help feeling that we have to break north soon. Anyone got any idea when we might start getting newsflow from CGNR?

[wanobi] 27/8/2020 09:34

DB saying, in relation to FED tools / speech today,,, from a market perspective DB don't think it'll be very impactful as potentially it has been made out to be,,,

the reason,,, is that the FED has been giving a lot of publicity to these changes,,,

but, then if you look at what they have been saying, they have spent a lot of time ruling things out so far,,,,,

Yield Curve Control - FED Ruled OUT...

FED says yields are already where they need to be....

Negative rates - FED Ruled OUT..

so there's a bit of a communication inconsistency here whereby they are saying they are going to change the way they approach inflation, by allowing average Inflation (rather than hard 2% target), allowing for a range,,, higher & lower over time..

Essentially only MORE QE is left on the table right now!!!

So, if he does not provide more clarity on a potential, more aggressive QE program and just announces this shift to ave inflation targeting DB doesn't think the market reaction will be very large at all,,,,

market is already heavily anticipated the shift to ave inflation targeting & remember in the last few meetings they've said they feel comfortable with the level of policy accommodation provided....

So does that mean the FED is totally off the table for the next few months???

The bar leading to a change to YCC & -ve rates at least for the next few months now is incredibly high, as the minutes released a few days ago were pretty explicit in terms of a majority of the FOMC not seeing those as an appropriate tools...

The FED has spent 2 years talking about how they're going to change strategy,,, but, we always seem to be left with the same old, same old,,, so DB think it'll be a damp squib event!!!!

Implications for the $ - looking at the options markets, they are giving far more weight to the election outcome than the FED right now... the election will be extremely consequential both for economic and foreign policy over the next 4 years and that will have dramatically different implications for the $$$$...

a Biden victory - more favourable to international trade agreements, could be much more positive for emerging markets, for global growth and that in itself could be negative for the $$$.....

watch the election !!!!

Cheers
Wan :-)

[beaujolly] 27/8/2020 09:24

Mattjos
Thanks alot :)

[someuwin] 27/8/2020 09:21

TED doing well with online sales. Good recovery play imo.

[mattjos] 27/8/2020 09:15

for those that remember when we switched to using Ammonia as a pre-treatment to help deal with the problems of the Copper binding to the Cyanide rather than the Gold:

[mattjos] 27/8/2020 09:10

beauj, from the LSE itself. Here:

[bonio10000] 27/8/2020 09:05

39193

Yup.

And add in a fair chance of USA writing off $1 trn in student loans, ongoing "free" education, "free" and universal healthcare, green deal, 30m people amnesty and a form of Universal Income.

The dollar would be toast the morning after the election.

[beaujolly] 27/8/2020 08:30

Mattjos
Do you mind disclosing where you get your share trade info as per post 39189 ?

[wanobi] 27/8/2020 08:20

I think today is all about,,,,

Fed Chair Powell’s Jackson Hole Speech TODAY Could Hint at US Dollar’s Future & that will determine where gold goes today :-) LOL

I think it 1.10pm UK time,,,,, please correct me if I am wrong, thanx..



Cheers
Wan :-)

[lhoskins] 27/8/2020 08:17

Morning all. Nice RNS today from AAU.

[wanobi] 27/8/2020 08:16

Good morning all, Good luck and best of health to everyone :-) Cheers Wan :-)

[avsome1968] 27/8/2020 07:28

Morning all


Looks to me that gold ready to move again what do you think Wan.

[the stigologist] 27/8/2020 00:16

As a former US II I prefer UK market for PI investing because there is more 'inefficiency'. That is where one can get 'alpha' as a stock-picker. I find US stocks tend to behave in too much of a herd like manner because they love momentum stocks and because momentum stocks do well the algorithms love momentum stocks and then you get ridiculous valuations like Tesla

[2sporrans] 26/8/2020 23:55

Good post [39193] Matt

Silver certainly ripped up this pm.!

Copper demand is well up, like you say.
also some supply disruption from the Covid, esp. Chile, where there is also
quite a large impact now from a decade long drought in/around the Atacama; so
even the glacial melt and artisanal supplies are very scarce now.

On the infrastructure boom underway, just been looking into China.
In April, it was looking like the emphasis was greatly upon "New Infrastructure" [e.g. 5g, online retail supportive, environmental .....]
spend; also locally targeted projects favoured.
"According to incomplete statistics, the total investment on major projects this year announced by local governments in China recently comes up to nearly 34 trillion yuan (4.9 trillion U.S. dollars), with most belonging to "new infrastructure" projects."



I'm getting the drift that the emphasis has subsequently been shifted to go ahead rapidly with more of the usual roads, rail, sewers type of construction projects.
Got to keep the cadres happy and SOEs busy.
Debt concerns seem to have been brushed aside and a lot of the new infra. will be built on assumption the demand/use of it will follow on....in due course.

I think that underpinning this is a re-think on migration, a fundamental pillar of Chinese development over recent decades; if not from rural to urban, certainly from poorer/less developed regions to the over burgeoning cities in the most developed regions.
Migrants are increasingly unpopular pretty much everywhere it seems.
Also China has a priority goal to eliminate poverty.
Anyway, all this sort of construction is very metals consumptive, as indeed is the plant, machinery etc associated with it.
This article [July 2020], from perspective of a giant SOE making large
scale vehicles, cranes and other machinery for big construction projects gives insight:

[fozzie] 26/8/2020 23:34

Just picking up on a point mf raised on Twitter earlier and it's an issue that I have raised before. Just why are stocks on the LSE and aim so lowly valued? As mf pointed out, take the news from DDDD this morning? Pretty mega stuff and what happened to the share price? Just about sweet fa. I've said it before but I really need to start investing in more US stocks. I have three at the moment in the US plus some Canadian miners but I need to start looking more closely at US opportunities. Anyone here invest more in US than UK? What have been your experiences?

[mattjos] 26/8/2020 23:16

if this recent a,b,c in Gold morphs into an upside breakout from a consolidation flag then, target $2,170 as next upside target. Zooming in on earlier chart:

[mattjos] 26/8/2020 22:59

Quick update on the Gold chart after i last highlighted the imminent upside breakout from the rising wedge a few weeks back. Thus far the steeper rising lower (blue) rail remains dominant on these recent brief drop-backs & quite viciously so:

[mattjos] 26/8/2020 20:34

the chart is also showing some good volume being printed over the last 2 weeks when the Bid/Offer is in the 145-150p.

We're starting to build up a nice little base here at this level .. all the time during the 'quiet' summer period.
I am more than interested to see where we head from here come W/C 7th September when more there will be much more eyes on the market.
Meantime, I am doing exactly as i have said above and picking up stock as close to 147/148 as i can.

imo. the handle is now hammering out its base and won't be long before the pressure starts to lift up from here.

The interims are 3 weeks away and so too the next divi announcement … that is going to be damn attractive to a fund right now, given the general divi landscape

[mattjos] 26/8/2020 20:29

This is still a pretty tightly held share with limited free float & therefore it's not as if there are going to be hundreds of these type of transactions going on for weeks on end.
The Buyer may have set a cap (for now) at 150p for a line of stock & the MM's are obliging & so too other smaller sellers who see it falling for no understandable reason day to day.
If this is the 'battle ground' just now 146 - 150p then, suggest those wanting more set limits / aim to get on that action at as close to 146.5p as you can, give or take a penny or two.

Buying in 50k chunks in this fashion is not the action of a regular PI so, I would suggest there is a sizeable institutional buyer busy in the background & picking these up now for the divi / long-term capital appreciation.

[wanobi] 26/8/2020 20:20

you're most welcome cmb,,, although please do recall I am a young'un at this charting lark :-) LOL Cheers Wan :-)

many thanx Mj, do you see support at the level I've drawn it ?
Cheers Wan :-)

many thanx for heads up MF,,, you are amazing at handling so many stock/opportunities,,, I struggle to cope above 10 :-) Cheers Wan :-)


free stock charts from uk.advfn.com

[mattjos] 26/8/2020 19:56

if i download all the trades for today, there was a further trade as follows:

Time: 13:39:02 Price: 146.5 Volume: 20,000 Trade Type: LRGS


The online price did tumble at that time down to 146.5p (mid) so, looks to me like there was likely a change of hands for 50k shares with seller getting 146.5p for his stock and buyer paying 150p ie. the price tumble today was 'artificial' to some degree & once the deal was done the price recovered