Central Asia Metals Share Discussion Threads

[gn100] 07/3/2018 16:39

Woops, got carried away, uncrossing price was 329.50p

[gn100] 07/3/2018 16:38

And so it came to pass, uncrossing price 3219.50p.

[waterloo01] 07/3/2018 16:24

Ditto ATYM.

[mount teide] 07/3/2018 16:11

L2 activity suggests a new all time closing high could be on the cards today !

[mount teide] 07/3/2018 13:59

Euroclear latest Stock on Loan report published yesterday saw the total short position resume its downward trend - following the scandalous short term build in the weeks preceding the announcement of the major shareholding placing sale @275p - falling from 2.1% in January to 1.89% in February.

Edit:
Interesting to note the current short position in some of the sector heavyweights still in the early stages of recovery from the brutal 8 year recession (but with fairly eye-watering trailing PER's).

23.42% - Anglo American
3.49% - Glencore
6.84% - Antofagasta
7.92% - Billiton
2.38% - Rio Tinto

[mount teide] 06/3/2018 12:41

Very modestly researched article.

'has just been upended by the delivery of 78,950 tonnes of metal onto warrant at the London Metal Exchange (LME).....Headline inventory has bounced back to the levels of early December.'

Similar tactics of holding back reporting copper warehouse inventory and then hitting the market with a very large 'build' figure has been routinely used by copper market manipulators for more than 12 months in a desperate effort to slow the rate of price increases - every time it had a limited very short term effect only, because of the supply/demand deficit dynamics.

Why did't the article mention that the Zinc market is in significant deficit, is forecast to remain so until at least 2020/2021, and:

LME - Zinc Stocks
1.24 million tonnes - March 2013
0.18 million tonnes - Dec 2017 and March 2013(after latest delivery)

So, the Zinc market is in deficit and forecast to be so until 2020/21 and stocks are down by 86% over the last five years - and this article is calling the top of the market!

Whoever wrote the article should send their CV to the UK Treasury as this is the type of quality 'research' and 'forecasting' they are renown for!


ps Zinc bottomed after the news of the LME Stock build at $3,276/t and has surged back up this morning by 2% to $3,333/t - maybe the market was expecting a much bigger stock build?

[mount teide] 03/3/2018 22:29

James Catlin has published a long list of high quality Shipping Sector research articles over many years on the Seeking Alpha website - recently, he expanded his area of research to include Macro/Commodities.

Two recent research articles on the outlook for the Copper and Zinc Markets are, like his shipping sector articles, of a very high standard and well worth a read for those invested in the sector or considering an investment.

Can The Copper Bull Keep Running? - 29 Jan 2018



Zinc Macro Outlook - 26 Feb 2018

[gn100] 03/3/2018 11:47

We have all suffered from stop fishing - if you look at magnified charts you can see it happening. Whether many PIs notice it is a matter for conjecture. It is possible to fight back using Direct Market Access with an L2 feed and placing your own large orders further down the list causing the order you want to trigger further up the list, but what the PI can do via a broker feed is small beer compared to the pro.

What else can the PI do with small caps? Operate with no stops or stops so far off the price that they only offer protection against a complete wipe out. If you operate with no stops on small caps then you need to watch them like a hawk so that means fewer open positions.

[chrysalis99] 03/3/2018 10:33

From memory, my broker doesn't give the option to hide the stop from the MMs so I don't bother any more either. Even the stops on my spread bets have been triggered by a momentary flash crash each time. It's scandalous.

[lord gnome] 02/3/2018 15:02

From Arizona?

[arf dysg] 02/3/2018 14:20

MT, are you saying that each and every one of them no-good bums is a low down, horn-swogglin', cotton-pickin', hootin-tootin' rootin'-lootin' shootin'-scootin' SON OF A GUN?

[mount teide] 02/3/2018 13:38

Flash Crashes - the venal charlatans involved know from experience that they can usually get away with an engineered flash crash of up to 10% in a small cap, without having to concern themselves that any of their transactions will be reversed out by the market regulator according to a highly knowledgeable industry source.

[joan of arc] 02/3/2018 12:51

AD you are dead right. I had a stop loss, unawaringly visible, on a very solid share and for 2 seconds 1st thing in the morning the price dropped 10% and took me out, an effective loss of about £5k for me. I never made that mistake again. In fact I never use stop loses but keep a close eye on my shares.

[bluerunner] 02/3/2018 11:15

CAML was listed as one of 10 shares for your ISA in the lead article of today's IC publication.As it is copyrighted and subscription-based, I won't go any further - the reasons will be no surprise to holders.CAML is now my largest holding.UAI in second and ARS close on its heels. News flow in the latter is impressive.

[arf dysg] 02/3/2018 10:47

You have to be very careful when placing a limit order or stop loss. Last time I did it, I found out that the default is that "information will be available to other market participants" and I had to explicitly un-tick that box.

In other words, if you're not very careful, all the MMs know where the stop losses and limits are, so they'll move the prices to take advantage.

[lord gnome] 02/3/2018 08:43

Nasty spike down first thing this morning. I bet that caught out a few longs and took out a lot of stop losses. Was it engineered or 'just one of those things'?

[coxsmn] 01/3/2018 19:20

Today's Telegraph, "THE US shale revival has propelled the profits of Britain's largest engineering group Weir higher as it prepares to take ­advantage of the growing demand for copper to meet the electric vehicle boom."

[mount teide] 28/2/2018 20:04

Another strong closing auction above the full offer price of 165,891 @ 323p - (£536,000)

[edjge2] 28/2/2018 07:09

coxsmn yep especially for EVs. Unless technology manages it wirelessly in which case we would all get poisoned, cancer prone, by electromagnetic radiation!

[coxsmn] 27/2/2018 21:59

Edj, gold price is always volatile. The World needs copper.

[coxsmn] 27/2/2018 19:33

Very exciting here with strong prospects. Looking forward to the dividend too.

[edjge2] 27/2/2018 18:07

back into ascending channel