Anglo Asian Mining Share Discussion Threads

[wanobi] 10/4/2024 14:36

Gold bars flying off costco shelves,,, $200M in Gold bars per month sales right now!!!

FOMO is beginning!!!!

Could be a bubble forming Rb, in the short term that is :-)

we shall see :-)

Cheers
Wan :-)

[wanobi] 10/4/2024 14:17

Jamie Dimon—Head Of U.S.’ Largest Bank—Warns Of 8% Interest Rates Along With Recession
Derek Saul - Apr 8, 2024,09:58am EDT

TOPLINE A chilly scenario for the U.S. economy, in which interest rates climb as high as 8% as the effects of the unprecedented monetary policy taken to combat inflation take hold, is still very much on the table, according to JPMorgan Chase CEO Jamie Dimon.

JPMorgan Chase CEO Jamie Dimon said he’s “more concerned” than most about the American economy’s ...

KEY FACTS
The odds of a goldilocks soft landing outcome for the economy are “a lot lower” than the consensus of a 70% to 80% likelihood, Dimon outlined in his annual letter to JPMorgan shareholders Monday.

Coupled with Dimon’s concerns about the potential for “stagflation,” a recession characterized by lingering high inflation, he warned interest rates could soar to “8% or even more,” a far cry from the already 22-year high rates of over 5% and going against conventional wisdom of a looming decline in rates (U.S. interest rates have not been 8% or higher since 1990).

Dimon explained there are several “persistent inflationary pressures” which could keep price increases sticky, including the rise in military conflict globally and the lingering effects of aggressive policy from central banks worldwide coming out of the pandemic.

The billionaire Dimon also warned about the potential for carnage for both equity and debt investors should a higher-rate scenario play out, noting stock valuations are already at their “high end” and credit conditions are “extremely tight.”

KEY BACKGROUND
Dimon’s warnings come as investor sentiment looks rosy—major stock indexes sit at record highs as the market eagerly awaits lower interest rates. JPMorgan is by far the largest American bank by assets and market value, holding roughly $2.7 trillion in domestic assets by the end of last year. Dimon is worth about $2.2 billion, according to Forbes’ latest estimates, owing most of his fortune to his stake in his bank. JPMorgan grew its already massive book by 6% last year thanks in part to its May 2023 acquisition of failed regional bank First Republic, a takeover Dimon characterized Monday as “something that we would have done just for ourselves” but rather a decision to stabilize the U.S. banking system writ large.

TANGENT
The tone of Dimon’s wide-ranging 58-page note was not just alarmist: among Dimon’s positive observations was the impact of artificial intelligence, which he likened to electricity, the printing press and the steam engine in terms of potential societal impact.

etc etc etc

[wanobi] 10/4/2024 14:12

US CPI Year-over-year,,, +3.8% VS 3.7% Estimate!!!!

Yields jump, futures plunge....

March Inflation hotter than expected...

Rate cut less likely in near term....

etc etc etc

bla bla bla..

Cheers
Wan :-)

[katsy] 10/4/2024 14:05

What caused the little market fall?

[digger18] 10/4/2024 11:32

Copper price is still moving up nicely.
Any chance we could start to mine it please.

[michaelfenton] 10/4/2024 10:23

jbravo2 you are right however AAZ seems still to be being treated as if guilty of something. This is a long time to be put virtually out of business? I too believe the company to be blameless so why the hold up?

[riggerbeautz] 10/4/2024 10:06

Well that’s maybe food for thought for some then Wan? Long way back to there.

[wanobi] 10/4/2024 09:38

yep :-)


free stock charts from uk.advfn.com


nice positive ema cross in there too :-)

Cheers
Wan :-)

[wanobi] 10/4/2024 09:36

free stock charts from uk.advfn.com


here's one Rb :-)

TXP, no, long gone for me :-)

Cheers
Wan :-)

[digger18] 10/4/2024 09:34

Well I hope that some good news accompanies the Q1 results, as without out it, I am sure they won’t be good reading.

[jbravo2] 10/4/2024 09:31

Indeed Terropol. So it is now time for the government to show they realise malign actors were at the root of the protests and that they continue to support the company by expediting the approval for the dam raise.
The company has run a practically faultless operation and the government now gets to show it won’t have the situation dictated by those malign actors.

[bumpa33] 10/4/2024 08:57

Short FUM at 38.5, closed 37.07 - small turn, a bit late on that one when it opened in the 40’s. Done for the day…

[all in eol] 10/4/2024 08:54

Morning Wan,
If you get a minute could you post an AXX chart please. It appears to be trying to break out of trend?

[riggerbeautz] 10/4/2024 08:53

Digger just glancing at it but ETX sees better access to funds in the states, so Nasdaq list beckons. They just see AIM for what it is largely, a casino.

[sparkey_two] 10/4/2024 08:46

Would be sensible to release an update RNS to indicate the latest position and expected timeline for a resolution. Been too long since last update.

[riggerbeautz] 10/4/2024 08:44

IQE appear to be making a better go of things, just noticed their rise today. Maybe worth keeping tabs on.

[terropol] 10/4/2024 08:39

Good morning all.
We must remember, the AZ government are our partners in the project not our enemies.

We had people complaining and the President had to show support for the population.

Now what generated the unrest is another story...and hopefully this chapter will be soon forgotten as we all move on.

[bumpa33] 10/4/2024 08:19

Short TXP at 48.1, closed 46.6 and 46.75. Barely worth it but not enough follow through to hold..

[digger18] 10/4/2024 08:07

ETX Another one wants to go private!
What the hell is happening to Aim?

[riggerbeautz] 10/4/2024 07:40

You still in TXP wan? Noticed THG spinning their yarn today, marginal improvement at quick glance.

[wanobi] 10/4/2024 07:28

Good morning all, Cheers Wan :-) :-)

[riggerbeautz] 10/4/2024 07:21

MJ fair points, all heard before and some, so maybe this time it’s different and going to run longer. I’m ok with that, nothing goes in straight lines either.