Anglo Asian Mining Share Discussion Threads

[odsjp] 23/2/2021 08:06

Hi Wan,
Glad you are also in RBW as you mentioned last week and a good RNS. Also rare earths went up around 8% last night in Shanghai. Waiting for the main stream media to pick up but someone posted it on the PRE thread at 04:30 this morning. I have also attached a JPG of current price from metal.com and it is now up 20% from the start of the year.

If anyone is looking for diversity from Au/Ag and bitcoin then look at RBW, PRE and MKG

[avsome1968] 23/2/2021 08:05

Great charts MJ learning all the time with different chartist, been gather as much information on charts past 4-5, months find them fascinating especially when they come good for you.

[brasso3] 23/2/2021 07:50

Just bought some bitcoin at $49.7k. It feels expensive compared to what I am used to but I don't like having too much cash in the bank. Also bought 10 x 1oz of silver coins at £27 each off FB. In a world with $250 trillion of debt you do not have to pick sides, I love both.

US debt will go through $28 trillion in the next 2 weeks...

[wanobi] 23/2/2021 07:46

added TSX:TKO last night, fingers crossed jb2 and many thanx again for bringing it to our attention, cheers Wan :-)

[wanobi] 23/2/2021 07:42

Brent at 66.14 :-), Gold above 1800, Silver at 28!!!!!

& BTC at 50Kish,,,,, does seem to be a lot of bad press out there right now, next few days & weeks could be the making or breaking or it, who knows!!!!

if those BIG BTC gainers start migrating at least some of their gains into Silver & maybe some gold,,, that too could be interesting to see!!

GLA
Cheers
Wan :-)

[wanobi] 23/2/2021 07:39

an RNS from one of my 'starters for 10' RBW this morning, Rainbow Rare Earths Limited Gakara feasibility Study,,,, lets see what MrM make of it today, GLA Holders, Cheers Wan :-)

George Bennett, CEO, said: "The validation of the feasibility of a 10,000tpa down-stream processing plant provides Rainbow with the opportunity to deliver a significantly higher share of the total contained metal value of the Gakara project for our shareholders. The estimated capital and operating costs of this plant would likely be some of the lowest in the industry and therefore viable even in the event of volatile rare earths prices. This confirms our belief that Gakara has the potential be a low capital intensity project.

Dave Dodd, Rainbow's Technical Director, commented: "The ability to produce a high-purity NdPr-rich, cerium-depleted, mixed rare earth carbonate product at low capital and operating costs demonstrates the potential of the robust, long-term economics of our Gakara project.

[wanobi] 23/2/2021 07:36

Mj, for what it's worth, I really enjoy looking at your charts, they make mine look like 'cave drawings' some 40,000 years old :-) LOL,,, please do keep posting them, many thanx, cheers Wan :-)

[wanobi] 23/2/2021 07:34

great discussion and information around leveraged ETF's all, many thanx for that, much appreciated learning for me and many others who look in here, cheers Wan :-)

[wanobi] 23/2/2021 07:33

Good morning all, Good Health and the very best of luck today :-)

Cheers Wan :-)

[michaelfenton] 23/2/2021 05:00

Mattjos - thank you for proferring your charts. I am not a great chart follower however i have one observation. Silver firstly is easy to manipulate. Secondly the industrial use of silver has been totally transformed and is now humungous. So we really have no history that is relevant. The situation is therefore unique and all we know for sure is that the price must rise as with copper. Gold is easier to chart?

Thanks again as you add something for us all to ponder?

[katsy] 22/2/2021 23:08

Yes all (Nearly all) stocks eventually tend to zero, some faster than others..

Also what you describe is the roulette wheel odds, they pay 36-1 when really the odds are 37-1, so the banker will always win the longer you play.

[mattjos] 22/2/2021 22:59

i have no problem with people dismissing charts on small AIM stocks, where news is the main stimulus for price movements but, on something like Gold - a globally traded commodity which will move according to millions of trading inputs - i think the chart can & should be used to determine what's going on.
This is a very common and well known pattern to any/all that use TA .. I've kinda done the hard work for any interested. It's been a pretty easy one to follow over the last 6 1/2 months and has been virtually a textbook plot, including the absolutely spot-on bounce from $1,764 last week.
I believe it's going to a big impulse move, as & when it fully expresses itself.

That pattern tends to most commonly re-trace to 50% of the prior move .. in this case the March 2020 to Aug 202 move (620 points).
IF this proves to be a 'half way up the pole' flag .. & it's certainly big enough to be so … that gives a price target of circa $2,380 for Gold.
I'm comfortable with $2,150 for now but, certainly don't rule out the higher price target. One step at a time .. lets break the wedge & then others will clock it :-)

[doc_oj] 22/2/2021 22:56

The problem with leveraged plays is that if you stay in for long, it gets harder and harder to win. The daily up and down gyrations will always bring it down. If you look at the historical charts of all the leveraged plays, they will always be significantly lower than their starting points, regardless of whether it is long or short! 10% down from 100 brings you to 90 but then 10% up takes you to 99 and not 100, with the cycle repeating a few times and not going your way, you will definitely end up losing.

[mattjos] 22/2/2021 22:52

Thank KS … here it is in much smaller resolution & I hope clear to all why the reasons to be bullish on Gold:

[fozzie] 22/2/2021 22:37

I echo those thoughts KS, I think a lot of us are on that particular horse. Pretty red day, IG certainly didn’t help and the flash down to 48k in fresh air coin was interesting. Never more true Wan, what a game it is....

[king suarez] 22/2/2021 22:31

Wan, great snipe today on TXP - that is what you have been holding your cash position for. I think/hope that will pay off big very soon..

[king suarez] 22/2/2021 22:24

Fab chart, Matt.

[riggerbeautz] 22/2/2021 21:45

MJ I’ve been trading LSIL for years now, but I think my trading mentor or someone close to him told me ages ago, it’s best played in a full on bull phase or between chart points; the latter is not my strength, so I quit when I’ve spotted a turn and made good gains if it starts to flounder. Should say I draw crude chart lines to look at entries and exits, linked to a gut feel on Silver prices. Alternatively, get out of dodge if it’s not working, I’ve once been quite a bit down holding too long.

LSIL doesn’t fully do what’s on the label unless you understand how it works; just my musings.

[brasso3] 22/2/2021 21:26

You can probably get the same kind of leverage to silver with a small cap like UFO. When we had that spike above $30 a few weeks back UFO went from 1.1p to 1.5p.

[mattjos] 22/2/2021 21:10

i agree Rigger … having followed LSIL for quite a time, I chose not to buy it as it does not seem to track the way i would like. Couldn't be bothered to determine why exactly. It does kind of work and will go up with silver but, i am left feeling the ETF is the real winner and not the investor in the ETF.

The good Silver miners themselves should provide investors more 'sleep easy' leverage to Silver, imo.

[onedayrodders] 22/2/2021 21:08

I'll drink to that stig

[mattjos] 22/2/2021 20:59

One thing is for sure .. all three of the metals we mine and sell are in strong upward trends and any weakness is being constantly bought.

This, rather obviously, is terrific news for AAZ … a low cost Gold, Copper & Silver producer with lowest quartile production costs, growing cash in the bank &, lets be honest, so many new prospects that it is almost embarrassing as compared to most other producers.
The market will take us to new highs soon enough

[mattjos] 22/2/2021 20:48

yes, i believe there is a lot of merit in that analysis Brasso .. the silver market is getting ready for a big, big run.
I find it much harder to chart than Gold .. don't know why but, overall construction is extremely bullish & it looks it is absolutely gagging to launch upwards with $40 as first target

[brasso3] 22/2/2021 20:44

Matt

I think silver is going to lead the way in the coming days. I think when that breaks $30, gold will soon break out of the falling wedge.

[mattjos] 22/2/2021 20:43

here's the bigger chart to try and provide some visual context: