Glencore Share Discussion Threads

[sundial1] 12/5/2024 15:35

Wednesday and Thursday to watch out for next week.figures from the states reporting hopefully good try to break that resistance

[kktj] 10/5/2024 11:49

Forming a nice inverse head and shoulder pattern from last Nov/Dec(left shoulder). Needs to clear 480 which has been the resistance since mid last year. The sp, if the pattern plays out, will add around £1 and even better would be if it breaks out with high volume.
Alternate scenario is there are still a couple of gaps left around 430 (and one from today!)....

[sundial1] 10/5/2024 11:01

It will tufty, seems funny though could do with american economy to cool off quick. Dollar related commodities

[mhrangoon] 10/5/2024 09:58

I will buy back later if price is good. Sold all from my ISa but still got loads in my SIP. I usually trade 2 UK stocks. Glen and GSK

[tuftymatt] 10/5/2024 09:53

No one goes hungry banking a profit but I think the sector remains red hot and will do for some time to come.

Good luck all 👍🏻

[mhrangoon] 10/5/2024 09:47

Just sold at 477.40

[gxgxx] 10/5/2024 09:41

If it breaks 500 it will keep climbing due to the fact it has been pulled down for far too long. It will have gone from 400 to 500 in a fairly short time period. There is is no logical reason it should have been down in the 3 zone..... all IMHO

[mhrangoon] 10/5/2024 09:33

Just breaking even in-fact making 500 profit. Guys what do u say. Shall i sell it?

[action] 10/5/2024 07:30

Copper up 4.70. Glen up..

[sundial1] 10/5/2024 06:47

be a good opining this morning

[84stewart] 09/5/2024 10:30

If they can find £65bln cash they might ,BUT hardly un likely same scenario as AAl.

[mhrangoon] 09/5/2024 10:05

I wish. I think glencore is too big for BHP

[gxgxx] 09/5/2024 09:09

Possibly BHP might decide to buy Glencore instead....??????

[84stewart] 09/5/2024 06:15

More shares floating about,diluting share price as they don’t have cash ie: possible $60+ if Bhp raise their bid price

[sundial1] 08/5/2024 18:12

Thinking where would it send the price,would it be a drag, or a future bounce priced in.

[sundial1] 08/5/2024 17:37

As i mentioned before mines are halved between them copper.if Bhp buys ,sell assets Glencore will only cherry pick ,coal mines in Australia ,iron mines in south Africa anyway.putting the lot together.

[sundial1] 08/5/2024 13:38

Copper leveled of with demand.only weaker dollar will help share price more.dollar.getting stronger.japan biggest holder of USA debt.might sell the dollar.save weaken the yen be highest in decades against it.

[84stewart] 08/5/2024 09:51

Gxgxx I couldn’t pick up link but volcano is the Trust for Vedanta ex Aal.owner/investor of which Anil Argawal is the Blnair Indian miner

[84stewart] 08/5/2024 09:33

It was reported to be for $1bln

[gxgxx] 08/5/2024 09:24

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

hxxps://www.thestar.com.my/business/business-news/2024/05/08/shell-to-sell-singapore-refinery-petrochemical-assets-to-chandra-asri-and-glencore

Glencore divests Volcan stake

hxxps://www.australianmining.com.au/glencore-divests-volcan-stake/

[action] 08/5/2024 09:17

Fast money chasing copper from 3.61 till 4.60. Fast money can dump it as well. DYOR.

[action] 08/5/2024 09:15

Copper down. GLEN down

[casket1] 08/5/2024 09:11

Suspect it maybe linked to Copper dropping 1.21%