Copper up, gold up ..... GLEN looked positive, and now the slow trickle down. |
Struggle to stay above 320p... |
Still say test of 332.6p again this week, if Trump shuts up. |
The R word is getting mentioned now...Trump would prefer rates down... |
Trump did not expect this reaction.The only positive for Glen $900 million still to buyback, at this price more bang for their buck and will be good in the long run. |
300p unfinished business... |
Trump effect |
Dow and US tech looking very ugly. |
Bears sold short at 314.25p, wow, they are brave or a genius. |
Just like Friday 316p is providing support... |
The median from every analyst is 455p, no analyst under 400p, shows how good they are with Glen at 316.5p, lol |
Citigroup cuts Glencore price target to 450 (460) pence - 'buy'
About right I think. |
New IPO coming in London listing, Glencore ends up with 10%. |
Yes share price trending sideways no good for bull or bear, tried to beak out last week spiked to about 332.8p, thought that was the signal to 350p. One thought for bulls 3m a day buybacks Glen are getting them cheap in my opinion.So risk off day. It's certainly off to golf day. |
I don't know looks like i am stuck between a rock and a hard place @321
Excuse the pun but one just has to laugh.
Some good new please...... |
Sense today is a write-off …. Golf sounds good. |
Holding pattern 310p - 332p...price becomes stale... |
Risk off day, might has well go and play golf, lol. At least we know 3m buybacks today. |
Last week spiked to 333p, can we have another go at 330p this week, yes we can. |
RIO up 3.5% in Oz overnight. |
All these good bits of news about Glencore we don't know. I thought this was good.https://www.mining.com/web/mercuria-glencore-renew-deal-for-congos-share-of-tenke-copper/ |
The us market been taken down by the fact of uncertainty tariffs and the geopolitical element also the lack of good news like a us rate cut which might not be on the cards atm plus many biggies have reported earnings so there won't be much news from that for a while too. The tariffs will also impact the earnings of the biggies plus the strong dollar effect. |
 Thanks for kind thoughts.
Still a trifle concerned about the gap between Nasdaq and DAX approaching 5000 points at this moment in time.
Have been watching this particular indice and what concerns me is the gap is out of kilter.
Whereas before the gap between the 2 would be in the region of 1000-2000 points I am unsure as to the reasons behind it.
Reading beyond the headlines citing growth behind those same headlines I am reading about increasing unemployment and more and more people losing their homes. Not just here and in the States but all over the world
Trumps antics in the White House tell me there is no substance to the man and the pronouncements made have not been well thought out.
I fear more hubris and turmoil in the weeks and months ahead.
So for now trying to time my purchases judiciously both here and elsewhere.
Just glad I have hopefully sufficient funds held back until the markets get back into realignment.
Have a good week.
The new ISA year approaching might give share prices a little fillip
"Reeves and Starmer notwithstanding" |
Germany economy will rebound after the looseing of purse strings. Europe Defence industry will get a big injection helping the metal market |
Hey Jubber,
I hope everything went well at the hospital yesterday.
I have spent a lot of time there recently due to my wife but we are out the other side now and are currently in Florida enjoying some winter sun to aid her recovery.
US markets look set to rebound next week in my opinion as they seem oversold and from an AI perspective look way oversold. UK markets too should then rebound and I think a more healthy broadening out will happen. That's a good thing as we don't want all the focus / gains coming stateside.
Volatility is going to stick around for some time but if we can get Ukraine peace, however it comes about, along with a bit of economic growth in the UK / EU then the second half of 2025 could be good giving us a more realistic annual gain from a global index perspective. By that I mean 8 to 10% rather than the plus 20% recorded over the past 2 years.
Good luck all 👍🏻 |
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