Glencore Share Discussion Threads

[tallrugbyguy] 17/5/2016 07:58

Oil and copper up, looking like it could be a good day!

[younasm] 13/5/2016 16:38

130p support just about holding -- more of the same next week, before another leg up to 150-160p level.

[tallrugbyguy] 12/5/2016 21:14

Today miners seemed to be following oil, so as its back up, will we see 136+ tomorrow?

[younasm] 11/5/2016 07:29

It's more a case of sideways price action until commodity prices stabilise over 6-12 months. I don't expect a big lurch down in commodity prices -- a 10-15% drop is always possible.Remember prices have to move to allow both sides to trade and keep the daily transactions up -- it would be too boring if we got a steady 0.5p rise or fall every day :-)I expect 124 - 160p range over next two months. Short term trend is down.

[creddy] 11/5/2016 06:27

Madoff, your synopsis implies we haven't hit bottom yet and therefore that we will presumably retest recent lows around 80p. personally cant see this happening and happy to drip buy at current prices on any daily weakness.

[madoff with cash] 09/5/2016 22:21

creddy, china import data (recently out last wknd) doesn't support your bottom of cycle assertion. that's one reason commodities were duly punished today.

[creddy] 09/5/2016 19:40

On the contrary Madoff. Bottom of cycle hit few months ago. In the ascendancy. Commodity stocks will be comfortably higher than current levels on a 12 month outlook. Too many short termists who watch prices by the minute and want double digit gains on daily basis. Normally best time to buy stocks is when everyone else is selling and running round like headless chickens.

[keifer derrin] 06/5/2016 16:36

well that was a decent pull back......so now only down 15% since last Friday :-)

[umitw] 06/5/2016 15:20

Well admin keep on talking it is working!:-)

[admin900] 06/5/2016 14:55

Copper was down 5% this week. Glen should be back bellow 99p.

[keifer derrin] 06/5/2016 13:47

seems a bit harsh - almost 20% down on last week.......

[careful] 06/5/2016 10:50

A cap of 20.2bn when they make £2bn from trading alone seems cheap.

[umitw] 06/5/2016 10:44

"W" formation On the chart I guess!

[younasm] 06/5/2016 10:41

Got rid of short positions yesterday --- going long at 139.... Looking to add as it goes lower.I expect strong support at 124-130 level.

[woody888] 04/5/2016 19:05

> As they will not go bust.

[woody888] 04/5/2016 19:01

Worth 160p break up (this figure excludes any 'marketing' profits) shorts would be best to go long and be patient.

[madoff with cash] 04/5/2016 03:14

worth 50p. long should take this opportunity to exit. market meltdown on its way.

[tsmith2] 03/5/2016 21:30

Goldmine sale suggestion..

[careful] 03/5/2016 16:16

reasons.
chinese pmi was 50.1 they had hyped 50.4.

this number was quite good, but our high frequency chums in the city used it as an excuse to go short and pummel resource shares after their good run.
they also short the commodities at the same time.
it is a casino.

down they go, but they will return.

[younasm] 03/5/2016 16:01

Q1 figures tomorrow -- I would rather it fell today and rose tomorrow ?Adjusted some positions today -- I am mainly long, but also have short positions.Can't make up my mind - over trading.

[tsmith2] 03/5/2016 15:00

Miners broad based sell off, any reasons?

[not my real name] 01/5/2016 23:00

Hi Dremel,

Your not missing anything mate. Spot on basic arithmetic. Saudis couldn't figure it either. Costs them $10 a barrel to get it out and they'd rather sell 2 @ $30 a barrel to make $40 profit than cut production and sell 1 @ $50 to make $40 profit.

Makes you wonder what sort of idiots actually run this f*&%$d up world!

All IMHO

NMRN