Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 18/10/2017 16:50

#Husbod... the Dow @ 23000, is a worry, the SnP, the FTSE100 isn't far off a high too, a sobering reminder are the long term graphs which include 1987, 2000, 2007.... an article I read recently quoted a melt 'up' on indices which happens shortly before the 'meltdown' and 25% subsequent corrections..

It will repeat, but when..? we have never had almost 10 years of next to zero interest rates have we, and never had 10 years of QE/Bond buying which has been fuelling the equity markets..

QE is being wound down, and interest rates will be on the march up by Xmas..

1987 crash : interest rates were 9%
2000 : 6%
2007 : 5.5%

As far back as 1929, this crash was also accelerated by margin trading with over leveraged positions and not enough cash to prop up the losses which snowballed..

[rougepierre] 18/10/2017 16:34

Hi zho...

Try this for starters...

As for ADVFN remember this is VILX...it is priced in pence on LSE but most graphs will show the dollar price...

The following has prices and chart in pence...



GL

[zho] 18/10/2017 16:16

rougepierre,

That looks v interesting, although a quick squint at the ADVFN graph doesn't appear to match your figures.

Can you recommend any sites or articles that would enable to let me learn more?

Thanks,

[husbod] 18/10/2017 16:16

Fascinating stuff rouge but from my point of view and in the nicest possible way I hope you don't make any money on that particular punt. Huge volatility can stay in the box for the time being so far as I am concerned.

have to say the inexorable rise of the Dow is beginning to worry me. Trouble is even if the Dow is trading at twice the general p/e ratio of the Footsie, we will still be hit hard if the Dow corrects big time.

Yet another element to throw into the mix.

[rougepierre] 18/10/2017 16:06

Here's one for the punters among you to consider...

I am more and more convinced that the US markets are going to correct...soon...

Meanwhile, VIX (volatility) is close to all-time lows...

But the traditional hedges, gold, silver and platinum are struggling to make their logical progress, while the cryptocurrencies are seeing massive growth as a potential hedge (though completely unfunded...surely the ultimate gamble...)

BUT...volatility will always have a value...it will only ever be zero when the underlying securities cease to trade...

VIX is the best known measure (of the S&P volatility) and there are any number of US denominated ETFs to allow you to trade VIX...the trouble is I don't want to go through the palaver of US tax form filling, so I did loads of research and came up with...

VILX...which tracks 2.25 times the S&P volatility (making it REALLY racy)...

So...I've just bought a couple of thousand quids worth as a punt...

But here's the thing...the current USD price is $28.6...

the 12 month peak was 4 November 2016 at $126.36...

the all-time peak though, was $11,452 on 30 Sept 2011!!!!!

the LSE quote is in pence and I just paid 18.9p...

If it returns to the 12 month peak I'll have over £9,000, but if it gets to the all time peak I'll have £800,000....

makes ATYM look like National Savings....

AIMHO as usual and DYOR...GLA!

[husbod] 18/10/2017 11:58

16p down in 2 days is more of an adjustment than I would expect at this juncture but so it goes as Kurt Vonnegut would have said.

[shortarm] 18/10/2017 11:49

Indeed it is :-D

[laurence llewelyn binliner] 18/10/2017 11:48

Nothing moves in straight lines, all that matters is the trend.. and that is without doubt going up.. :o)

With repeat profit quarterlies, financials, updates, project advancements it's all upside... and repeats of the same.

[mronions] 18/10/2017 11:31

any comments from the StockR or Charmer?

[mronions] 18/10/2017 11:30

any comments from the Stroker or Charmer?

[rougepierre] 18/10/2017 11:23

Profit taking and sharing out loose short term punters...just look back at what happened after the Q2 results....

Copper price slipped back is also a factor...and we're still an AIM stock at the mercy of the MMs...

133.5 to 191.5 then back to 152.5...up to 187...back to the 160s?...

But what matters is progressively higher lows supporting the uptrend since the big low a year ago...

AIMHO as usual...

[husbod] 18/10/2017 11:01

What's going on - is Mr5k finally offloading his remaining holding in the background?

Funds getting out of Spain?

Interesting innit that Malta appears to be run by murderous thugs. Aren't they holding or very recently held the Presidency of the EU and were telling us what is and what is not acceptable in the Brexit negotiations. Marvellous.

[shakeypremis] 18/10/2017 08:07

This sell off is ridiculous.

[iankn73] 18/10/2017 00:51

@RP - Just in case you miss it. I have posted a link in the KCC thread. I'm pretty sure it will put a smile on your face. :-)

Myself and shakeypremis seem to be the only two on the Kincora forum. I'm pretty hopefully that will change soon enough.

[laurence llewelyn binliner] 17/10/2017 19:45

Copper still $3.20/lb, but a Dollar still buys EURO 0.85, and we are making more money from our Copper, it's not lost to the FX..

Next stop Q3 financials, on or around end of November (24th last year)

[waterloo01] 17/10/2017 17:26

Guess the next 'event' will either be the 3Q numbers, PRT upgrade details or Touro update.

Each of these, along with copper price, should provide more evidence to II's that this is a serious and profitable growth company and an inflection points. Hopefully questions over funding of Touro don't act as an overhang, but suspect that will be next year, assuming the upgrade to 15mt is done from cash/off-takes.

[shortarm] 17/10/2017 16:43

Down a little before £2.00 plus?

[iankn73] 17/10/2017 15:05

Yes, Wanderer - Its in relation to Rio's production cut due to low grades, strikes etc...

[waterloo01] 17/10/2017 10:10

Exactly my view. It will consolidate around $3.20/$3.25 before testing $3.25 again and onward toward $4.00 (probably next year).


wanderer1210_017 Oct '17 - 06:53 - 9488 of 9490 1 0
Copper has traded past a key resistance point ($3.00) and it has managed to close above this important level on a monthly basis. The long term outlook for copper is now bullish and will remain so as long as it does not close below 2.80 on a monthly basis. Copper is facing resistance in the 3.20-3.25 ranges and as it is now trading in the extremely overbought ranges. As copper is now trading in the extremely overbought ranges, it is more likely to let out some steam before trading past this zone. A healthy consolidation will provide copper with the force necessary to challenge the 3.20 ranges and trade as high as $3.80 with a possible overshoot to $4.00, provided it does not close below $2.80 on a monthly basis.

[shortarm] 17/10/2017 10:01

So what's going on today then??

[wanderer1210_0] 17/10/2017 09:06

Speculators are also buying in response to word of copper shortages in China, despite September imports of the metal rising to its highest level since March. The world's second-largest economy took in 1.47 million metric tons of copper ore and concentrates last month, an amount that's 6 percent higher than the same month in 2016.WHY COPPER IS THE "METAL OF THE FUTURE"Why are we seeing so much copper entering China? One reason could be battery electric vehicles (BEVs), which require three to four times as much copper as traditional fossil fuel-powered vehicles.China is already the world's largest and most profitable market for BEVs, and Beijing is now reportedly working on plans to curb and eventually ban the sale of fossil fuel-powered vehicles, according to the Financial Times. This would place the Asian giant in league with a number of other powerful countries similarly crafting bans on internal combustion engines within the next 25 years, including Germany, France, Norway, the United Kingdom and India.Because of the sheer size of the Chinese market, this move is sure to delight copper bulls and investors in any metal that's set to benefit from higher BEV production. That includes , and .According to Bloomberg New Energy Finance, BEVs will account for 54 percent of all new car sales by 2040. That year, China, Europe and the U.S. are expected to make up 60 percent of the global BEV fleet.This could have a huge effect on copper prices over the next 10 years and more. With fewer and fewer large deposits being discovered, demand should accelerate from 185,000 metric tons today to an estimated 1.74 million tonnes in 2027, according to the International Copper Association.

[wanderer1210_0] 17/10/2017 06:53

Copper has traded past a key resistance point ($3.00) and it has managed to close above this important level on a monthly basis. The long term outlook for copper is now bullish and will remain so as long as it does not close below 2.80 on a monthly basis. Copper is facing resistance in the 3.20-3.25 ranges and as it is now trading in the extremely overbought ranges. As copper is now trading in the extremely overbought ranges, it is more likely to let out some steam before trading past this zone. A healthy consolidation will provide copper with the force necessary to challenge the 3.20 ranges and trade as high as $3.80 with a possible overshoot to $4.00, provided it does not close below $2.80 on a monthly basis.

[wanderer1210_0] 17/10/2017 06:37

Ian can't see the article, but I guess it's about Rio who's copper production figures are down from the forecast 550k tonnes to 460k tonnes for the year due to lower grades etc

[iankn73] 16/10/2017 23:43

Rio Tinto lowers copper outlook

[husbod] 16/10/2017 19:16

We do seem to be developing a pattern of shooting up 6p in the morning and then doing nothing for the rest pf the day. As if there is a buyer who puts a bit of pressure on the share price but once he's done Mr 5k and a lack of other buyers keep the share price from moving. Still 6p a day rise is not to be sniffed atTo put it into perspective though we are still less than 6.5p real money.