Glencore Share Discussion Threads

[arja] 15/3/2017 09:53

copper price edging up today and quite a start for GLEN .

[mike24] 14/3/2017 17:29

14/3 Energy & Capitol analysis/report
"the future of cobalt"

[arja] 14/3/2017 13:35

mining stocks hit again after a steady start dam it !!

[keifer derrin] 14/3/2017 07:52

Could give the share a boost this morning



Miner Antofagasta see profits leap
Posted at
10:48
Chilean copper miner Antofagasta has reported a 78.7% jump in full-year profits driven by lower costs and higher prices.

Profits came in at $1.63bn (£1.3bn).

Group revenue in 2016 was $3.6bn, 12.3% higher than in 2015. The increase "mainly reflected an increase in copper sales volumes and the realised copper price, as well as higher gold and silver revenue", said the company in a statement.

There was a "significant improvement" in the underlying performance of the group's operations with copper production increasing by 12.5% to 709,400 tonnes, compared with 2015, it added.

[arja] 13/3/2017 08:40

but the dollar may rise on wednesday when fed raISES INTEREST RATES unless already in the price . but good start today for GLEN and hope it can hold the rise !

[tallrugbyguy] 12/3/2017 22:40

Glen only dropped because it deals in dollars and as the dollar has risen too high last five days it's affected the price of copper, hopefully dollar goes down next week, copper rises and so does Glen

[arja] 10/3/2017 15:32

heliwell- well done and I asume you use CFDs with DMA as I do ? went to 316 and then back to 311 again ! It is like a Yoyo but wonder if uptrend will continue for a while !

[cambium] 10/3/2017 12:47

S&P upgrade Glencore's debt by one notch to BBB/A-2, citing lower leverage and strong cash flow.

[heliweli] 10/3/2017 10:56

US jobs report might just seal the rate hike, not good.

[heliweli] 10/3/2017 10:37

Arja. Been in and out twice today for £430, waiting for new entry point.

[arja] 10/3/2017 09:35

heliwell- quite a good move to 315 and then pullback and we might even see that big move today albeit unlikely !

[mike24] 10/3/2017 08:47

kaz may have the percentage swings,
but glen looks the best long term bet,
the biggest Chinese inflation rise since 08
the finished products can stand a doubling of prices
this one for the kids pension,6quid within 3yrs
30%return yr, this is better than btl's
top up on the dips,
the Chinese (HK) caused the London docklands flats to rise 40% in 87
the Chinese have contributed to Auckland NZ price rises from 2001
then NZ$3.40 / £ to go from 150k to 700k present day, why?

[arja] 10/3/2017 08:28

no way heliweli or not today anyway and it might be friday blues . Good start but now slipping as one would expect as no meanuingful pickup in metal prices - fingers crossed !

[heliweli] 10/3/2017 07:55

Big bounce would be better.

[arja] 10/3/2017 07:51

In think there may be a little bounce at best today but let' see .

[gxgxx] 10/3/2017 07:18

Neck Stuck Out.
I wiil today predict a large percentage upswing in the share price
The chart indicates it is there.
MM's sent the share price down and now they will want a nice Friday upswing to double their profits whilst the mood of the churners is fresh.
Glencore does not react as it should to the 'good' news being given so it is just as likely to rise for no news.
The trend is upwards and we need to be back in £3.40+ region for the momentum to continue.
I was toying with selling all my stake last weekwith the plan to buy back lower.
Should have done it!
Next time no procrastination.
Glencore is certainly a share where loads of money can be made very easily.
Special dividend keeps me watching them closely now.

[arja] 09/3/2017 16:06

ridiculously volatile today as recovered to about 314 and soon after was 307 area again ! My rigger finger is not quick enough for this stock at times and I should stick with S32 !!

[mike24] 09/3/2017 16:02

Bloomberg glen's cobalt will have it's day in the sun ?
should be "will have its decade in the sun"
as millions of electric cars will be built,
Chinese will remain biggest buyers, regardless of inflation figs,

[arja] 09/3/2017 09:05

I see chart support at about 245 and then to 200 but nothing usually goes down in a straight line . Does GLEN have a big exposure to copper as I rarely follow the fundamentals and just rely on charts ??

[arja] 09/3/2017 09:01

I take my prices from CMC spreadbet site but never trade the metals - maybe I should at times as a hedge !

[keifer derrin] 09/3/2017 08:55

arja true - but look at the price of cooper since Tuesday



Tuesday price of cooper was 2.75 it's now 2.57

this is a great website for real time prices...

[arja] 09/3/2017 08:44

maybe it was this about Chine trade deficit

hxxp://www.sharecafe.com.au/sharecafe.asp?a=AV&ai=43157