Ariana Resources Share Discussion Threads

[bigglesbingham] 07/9/2020 09:42

Wisdom tree I believe 3 sil ticker.

[8rad] 07/9/2020 09:40

I think actonovator was play-acting.

[cyberbub] 07/9/2020 09:28

Which one do you use Biggles, there are two '3SIL' ETFs shown on ADVFN.

[1candc] 07/9/2020 09:09

He speaks fluent Turkish

[actonovator] 07/9/2020 08:45

I think KS underestimated how long it can take to dot the i s and cross the t s in Turkish - after all a lot of the vowels have a double dot above them and this must time consuming. A rookie mistake.

[bigglesbingham] 07/9/2020 08:17

Price came off at open but still trading 5% higher due to movement outside uk hours

[bigglesbingham] 07/9/2020 07:03

Expecting 3sil up around 10% considering what happened from close on Friday to 8 am this morning. 15 min delay

[bigglesbingham] 07/9/2020 04:37

There isn't any contargo with this as always in the market.

[ekuuleus] 07/9/2020 01:05

Am I missing something?

probably missed contango.

[pauliewonder] 06/9/2020 22:48

Coronavirus cases up all over Europe, UK setting 6 week deadline for Brexit deal and further MMT. I'll eat my hat if gold isn't sharply up by this coming Friday. Wouldn't be surprised to see a strong day tomorrow either.

[bigglesbingham] 06/9/2020 14:39

My understanding is different. The growth or loss in silver is not lost because the uk stock exchange is lost. If silver increases by 5% after uk market closes and uk market opens then the 3sil figure opens 15% higher ( it is in dollars so there is some risk there). What you describe was my issue with 3oil at the end of the month in that you couldn't participate in the performance at end of month. With 3sil you don't miss out in growth. I bought at 2.25 at $18 and now stands at 5p at $26.18. It's one you can double up on. It works for me!

[cyberbub] 06/9/2020 14:07

Biggles I had a bit of a punt on 3SIL after you first mentioned it a few weeks ago, closed out at a small loss when I realised that I had misunderstood it, and it was a *Daily* 3X leveraged ETF. The problem with this is that the long term trend in silver is not directly linked to its daily price changes during London LSE trading hours. So far example look at the last few days where the ETF has dropped while the silver price has risen. Given how the New York open (around lunchtime LSE hours) often seems to hit PM prices, it's entirely possible that the silver price could rocket when London is closed overnight, but if it often ticks down during London hours then the ETF will drop.Accordingly it seems to me that it's aimed purely at day-trading gamblers.Am I missing something?

[thanksamillion] 06/9/2020 13:08

Bloomberg
"Record Gold Prices Create Insurance Headache for Vault Keepers "

AAU has the best/safest vault, ore in the ground, and no limits on its capacity.

[risa5] 05/9/2020 23:37

Proactive weekly mining highlights: Ariana Resources, Thor Mining, Ferro-Alloy Resources, BlueRock Diamonds...

Sat 05 Sep 2020
There's rarely a quiet week for the junior mining sector

Ariana Resources PLC (LON:AAU) told investors it has unearthed a new high grade gold vein at the Kiziltepe mine in Turkey. Discovered in the hanging-wall of the Arzu South part of the mine, the vein showed testing yielded grades of up to 6.09 grams per tonne plus 107.58 grams per tonne silver.
PI

[pauliewonder] 05/9/2020 20:37

Htxp:\\www.proactiveinvestors.co.uk/companies/news/928343/proactive-weekly-mining-highlights-ariana-resources-thor-mining-ferro-alloy-resources-bluerock-diamonds-928343.htmlBrief mention in the weekly round up

[1candc] 04/9/2020 22:16

Interesting

[bigglesbingham] 04/9/2020 20:31

Yes why I've got 3 x silver etf

[pauliewonder] 04/9/2020 20:22

Would be great to see that gap close. Simple supply and demand economics over the next few weeks will see it come in. There isn't enough silver being produced so price will continue to strengthen, most likely by more than the gold price, which will also strengthen

[bigglesbingham] 04/9/2020 19:23

I'd settle for 40:1 short term

[skara brae] 04/9/2020 18:52

Copper doing better than gold these days..... Bring on Cyprus.

[linz22] 04/9/2020 18:52

Spot on re Ag credits.
My target price for silver is $200/oz, ie. at 10:1 to the current inflated gold price, which albeit I feel to be a conservative historical ratio...