Anglo Asian Mining Share Discussion Threads

[terropol] 07/3/2016 12:24

ION ore up 20%... highest move for one day on record. Copper also pushing up strong...

[mattjos] 07/3/2016 12:20

maybe .. lets see how it behaves if the indexes all now start to rollover and what the Fed does this month with interest rates

[zhockey] 07/3/2016 12:10

Yep but gold could easily retrace 50% of the recent rise before moving up further. 20% in two months is unprecedented and we should expect a pull back.

[mattjos] 07/3/2016 11:58

even with the interest rate rise in Az, the Manat is still dropping. Today it has broken out to new lows against the $.
Now 4% lower at 161 v. the 155 it was devalued to last December

[mattjos] 07/3/2016 11:55

folk still don't seem to get it. Gold is likely remain in demand all this year.
Between now and June we have the risk of Brexit .. if Europe even holds together that long.
After June then all attention will go to USA & the risk of Trump getting in to power!
Europe look likely to go even deeper in Negative Interest Rates this month to try and spur on the economy but, the deeper they cut the more people are deciding to save more.
Now there are plenty of evidence to suggest that governments are looking at taking much more draconian steps to stop the use of cash and make all transactions electronic only, supposedly to prevent crime but, who is really buying that reason?? Once cash is limited then how can you protect your money or stop your wealth being confiscated as part of a Bail-In rescue programme?
Gold's increase in price is still only getting started, imo.

[pixi] 07/3/2016 10:24

The rise in gold is down to a loss in credibility in the world's financial system.

[mattjos] 07/3/2016 10:20

as if folk need any more reasons to shelter some of their wealth in gold.

[mattjos] 07/3/2016 09:31

Gold still resolute in its rise

[jbe81] 07/3/2016 09:07

interesting none sold in the auction, could be set for a rise

[terropol] 06/3/2016 23:05

Jeanesy, base rates have gone up over there...not easy to drop our rate....

[jeanesy] 05/3/2016 17:01

A great week for gold , although it did lose some of its gains late on friday, but only a slight rise here. Yes I know we should be patient but with POG, copper and silver doing better, savings of up to $1 million dollars per month because of the manat devaluation, much milder weather in the region( and more importantly no snow) we should be much higher than this surely ?! lets hope for continuing strength and better production figures in a couple of weeks time. Also where is that news about a possible discussion with the government about the terms of the loan being changed for the better?

[mattjos] 05/3/2016 15:53

fwiw:


free stock charts from uk.advfn.com

[philo124] 05/3/2016 12:00

Thanks to all for your informed posts. Very sensible thread.

[timberwolf3] 05/3/2016 11:49

About time the farce at LBMA was sorted, robbing barstards.

[mattjos] 05/3/2016 11:06

not quite the volume I had expected zhockey but, that may simply be because the seller has backed off and now wanting higher for his stock given the price of gold.
there is a game of cat and mouse going on in the auctions still but, outside that the broader market is pushing it higher. it might now be that the buyer & seller wont be able to meet until nearer 10p as that is where the next tranche has been signalled in the auctions

[zhockey] 04/3/2016 20:38

Matt was that not the big UT at 7p you were looking for?

Gold much stronger than I expected this week mostly due to the recessionary services PMI print I think, expect a pull back and test of 1250 but there seems no shortage of buyers so who knows!

[ferries5] 04/3/2016 17:29

BlackRock Inc. on Friday said it has suspended the issuance of new shares in the roughly $8 billion iShares Gold Trust, citing a surge in demand for gold

[philo124] 04/3/2016 16:57

Usual annual tensions in Korean peninsula next week. The joint US and S Korean exercises involving allegedly 300,000 troops is slightly provocative.

When we get a month of very good production figures and a rising gold price, Mr I Want 10p will get his wish.

[pixi] 04/3/2016 16:25

Gold has had a fantastic start to the year and long may it continue. Woohoo!

[ilostthelot] 04/3/2016 15:55

Next stop 10p.
Have you sold resourceful?

[mattjos] 04/3/2016 15:34

nice link 2sporrans. Thank you .. I might try and put that in the header actually.
You are quite right. Gold in EUR. Now that it has passed €1,1150 / oz, you would expect everyone to get the message!

Look at the chart for South Korean Won !

[2sporrans] 04/3/2016 15:19

Good point about inflation Mattjos; lots of contrasting perspectives depending on where folk live or wealth is stashed.
The dive in the POG just after the US jobs release and then the hefty rebound - on reflection that the remuneration figures were very depressed - seem to underscore just how much US-European-Japanese investors are looking at gold as an asset to hold in deflationary times.
But yes, in several nations, currency depreciation has been quite staggering; likewise inflation.
It's interesting to look at the price of gold in various currencies; put yourself in the shoes of an investor orientated towards them. Take the Indian Rupree [India and China way, way the 2 biggest consumers of physical gold]:

hxxp://goldprice.org/spot-gold.html

Look at the breakout in Rupee terms!
Play with the currency button....spin Euro
There's been a Bull market in gold since end of 2013, priced in Euros.
OK, so buying the $ or $ assets would have been the better play since then.
Nonetheless, right now, one can see the attractions of gold and various plays thereof.
If AAZ can just keep its production/costs/reserves steady state the next few months, almost surely a big revaluation upwards; that's even if the POG ends up going sideways on a ~$1200/oz trend.
Right now, looking more rosy still.

[mattjos] 04/3/2016 15:05

Copper now at $4,960 also and silver $15.64 .... most folk yet to catch on to the leveraged effect this is going to have on the AAZ business model