Glencore Share Discussion Threads

[foxy22] 03/3/2020 15:14

U may be rightMay be its going to retest it's lows!

[foxy22] 03/3/2020 15:14

Suppose I can't complain did but some at 1 quid......but not sure it's going anywhere now.....see most recent tp 2.20

[sr2day] 03/3/2020 15:13

140p in due course.this share has a history of high debts.

[foxy22] 03/3/2020 15:06

In 2 years its lost 46.5 per cent!

[foxy22] 03/3/2020 15:04

Excellent analysis of this very disappointing share performanceAnd u forgot rotten resultsGlassenberg should step up his departure......

[misca2] 03/3/2020 13:40

fair question

whats the subtle different between glencore and the others

trades the markets more

has more scandals and legal cases pending

still staying with coal mining

perhaps you can come up with other differences impacting

others recent results and outlook better

glencore stopped share buy backs


foxy22
3 Mar '20 - 13:26 - 2154 of 2154
0 0 0
Why such. Muted rebound compared to other
In same sector

[foxy22] 03/3/2020 13:26

Why such. Muted rebound compared to otherIn same sector

[waldron] 02/3/2020 17:26

Iron Ore 87.10 USD 0.64(0.73%)
Gold COMEX 1,599.30 +2.08%
Silver COMEX 16.80 +2.05%
Platinum NYMEX 860.80 -0.45%
Copper COMEX 2.58 +1.69%
Brent Crude Oil NYMEX 51.90 +4.49%
Gasoline NYMEX 1.54 +3.64%
Natural Gas NYMEX 1.80 +4.10%
(WTI) 47 USD +5.32%



Rio Tinto
3,720 +3.10%

Bhp
1,449 +2.16%

Anglo American
1,844.6 +2.95%

Glencore
193.32 +0.03%

[waldron] 02/3/2020 15:43

Oil Rebounds as Volatility Continues
Print
Alert

By Amrith Ramkumar

Oil prices rose Monday, extending a recent stretch of turbulence as traders grappled with the economic fallout of the coronavirus.

U.S. crude futures rose 2% to $45.65 a barrel, stabilizing somewhat after dropping Friday to their lowest level since December 2018 and ending last week 32% below a peak hit in early January. Monday's gains came with U.S. stocks also recovering in volatile trading following their worst week since the financial crisis.

Brent crude, the global gauge of oil prices, advanced 1.5% to $50.44 a barrel on the Intercontinental Exchange.

The swings came after a torrent of news tied to the deadly coronavirus, which has disrupted global supply chains and dented oil demand. The global death toll topped 3,000 on Monday, with new cases jumping and Indonesia, Scotland and the Dominican Republic saying they are treating their first patients.

The economic toll in China has been particularly bearish for commodities, which count the nation as by far the world's largest source of demand. Downbeat economic data released Friday for February were the latest suggesting growth stalled last month with the virus pausing economic activity around the Lunar New Year holiday.

Still, some analysts are hopeful stimulus measures being considered by central banks can help the global economy rebound moving forward and boost fuel demand. More broadly, some have suggested that the economic data points from last month have been too skewed by the virus.

"At this point, it thus looks increasingly likely that the entire month of February will be an economic write-off," JPMorgan Chase & Co. analysts said in a note.

Oil-market participants are also looking ahead to a meeting of the Organization of the Petroleum Exporting Countries slated for later in the week. The cartel is expected to deepen existing output cuts to help crude markets stabilize, with key OPEC nations like Saudi Arabia needing higher prices to sustain their economies.

Analysts are waiting to see the extent of the output reductions and how Russia, an OPEC ally in past cuts, chooses to respond to the virus.

Elsewhere in commodities Monday, natural-gas futures also pared a sliver of their recent slide, rallying 3.5% to $1.743 a million British thermal units after closing at a nearly four-year low on oversupply worries Friday.

Most-active copper futures rebounded 1.1% to $2.5670 a pound, an encouraging sign as the industrial metal is sensitive to global growth and Chinese demand because of its uses in construction and manufacturing.

Most-active gold futures rose 2.2% to $1,601.70 a troy ounce, rebounding from their worst day since 2013 with investors favoring safe-haven assets. Prices fell sharply on Friday after closing at a seven-year high early last week. Traders attributed the reversal to the need for investors to generate cash by selling gold to make up for losses suffered in stocks and other riskier assets.

Write to Amrith Ramkumar at [e-mail]



(END) Dow Jones Newswires

March 02, 2020 10:19 ET (15:19 GMT)

[a2584728] 02/3/2020 11:59

Ridiculous SP

[montyhedge] 02/3/2020 09:55

I hope you boys took your profits this morning.

[florenceorbis] 02/3/2020 08:33

JP Morgan Cazenove Underweight down from 230.00 to 220.00 Reiterates

[montyhedge] 01/3/2020 10:43

I like trading this share, no stamp duty, great dividend, bears have to pay back if they haven't closed, I see 198p in the morning.

[sr2day] 01/3/2020 10:37

if there is a global recession and copper goes below 200$ then we are heading much lower.we could get a bounce on Monday but it will be short lived. i will not be surprised so see the Dow back to 20k.

[montyhedge] 01/3/2020 10:28

Don't think so, been hit big time like everything else, like I said Morningstar BUY list on Friday, nice bounce Monday morning.

[mhrangoon] 01/3/2020 10:22

I think until we find cure for Coronavirus this share will suffer. Hope we can find cure soon.

[montyhedge] 28/2/2020 21:41

Interesting Glencore was Morningstar BUY list today.If of course the market was ok, 200p+ perhaps next week boys.

[waldron] 28/2/2020 17:28

Iron Ore 86.46 USD -0.12(-0.14%)
Gold COMEX 1,590.20 -3.18%
Silver COMEX 16.78 -5.38%
Platinum NYMEX 867.90 -4.15%
Copper COMEX 2.55 -0.78%
Brent Crude Oil NYMEX 49.71 -3.90%
Gasoline NYMEX 1.48 -2.82%
Natural Gas NYMEX 1.71 -2.57%
WTI 44.61 USD -4.68%

Rio Tinto
3,608 -1.93%

Bhp
1,418.4 -4.79%

Anglo American
1,791.8 -3.19%

Glencore
193.26 -2.95%

so the week AND MONTH ends in the 190 to 220p BOX

[montyhedge] 28/2/2020 13:15

Back over 200p next week, if Dow recovers later.

[montyhedge] 28/2/2020 12:50

Could be a 10p pop up Monday, Morningstar BUY today surprised me.

[montyhedge] 28/2/2020 12:33

Glencore a BUY with Morningstar today, they must really like it, in a normal market thats good for a 10p rise.

[montyhedge] 28/2/2020 12:17

If they made a loss last set of figures without Coronavirus, how can they make a profit with Coronavirus.

[maywillow] 28/2/2020 09:46

Dow is set to drop 700 points after Thursday’s massive tumble amid coronavirus fears
Published Thu, Feb 27 20206:02 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang
Key Points

As of 4:40 a.m. ET, Dow Jones Industrial Average futures indicated an implied opening loss of more than 700 points.
S&P 500 and Nasdaq 100 futures also pointed to a lower open on Friday.
The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower.