Kaz Minerals Share Discussion Threads

[arja] 02/10/2017 10:56

almost got there Losses but 10 shy and now retracted . I do think copper price is probably consolidating before attacking the recent high .

[losses] 02/10/2017 08:18

800 will be smashed today

[carl79] 02/10/2017 08:08

Yep. Short term vision is fine but it's the long term view that is making me bank here... Well, sort of... I'm yet to sell a single share since I entered... So made no profit yet!

[losses] 02/10/2017 07:23

TAThe main trend is up according to the daily swing chart. The trend turned up last Thursday when buyers took out the previous swing top at $2.9665. After a short-term pullback to $2.9050, the rally was extended to $2.9925, where it stalled on Friday, leading to a lower close for the session.The main range is $3.1785 to $2.8940. Its retracement zone at $3.0365 to $3.0700 is the primary upside target. This zone is important because it may ultimately determine the direction of the market this quarter.Aggressive counter-trend sellers may show up on a test of this zone in an effort to form a potentially bearish secondary lower top. Buyers are also going to have to be aggressive to drive the market through this zone. Their mission will be to solidify the main bottom at $2.8940 and eventually challenge the main top at $3.1785.On the downside, support is layered inside a major retracement zone at $2.9150 to $2.8525. This zone helped form two main bottoms at $3.9050 and $2.8940 last week.We continue to have a longer-term upside bias as long as $2.8525 holds as support. If this occurs then the next major trading decision will be on a test of $3.0365 to $3.0700. At that point, investors will have to decide to make a run at a new high, or start another sell-off.

[losses] 02/10/2017 07:22

December Comex High Grade Copper finished the session lower on Friday, but also posted its fifth consecutive quarterly gain. The industrial metal was primarily driven by a weaker U.S. Dollar and expectations of strong demand in top industrial metals consumer China.Going forward it's difficult to find a driver at this time to send prices higher or lower. The U.S. Dollar is expected to be underpinned by the strong possibility of a rate hike before the end of the year, and investors have expressed some concerns over the overall global economic recovery. China's stable growth may have even slowed down a bit.Supply disruptions helped support prices earlier in the year, but lately production has been normal so we don't expect this to be a factor at this time.Putting it all together, the supply/demand situation appears to be more balanced than it was earlier in the year, suggesting we may see a rangebound trade during the fourth quarter.

[bigbigdave] 02/10/2017 07:11

Good news this morning

[racg] 02/10/2017 06:51

Lots of arguments going on here:) pray tell, why?

[tradejunkie2] 02/10/2017 01:20

We're going up this week. Good luck all your number 1 trader.

[maxdba85] 29/9/2017 20:18

Seems to me that the price of Copper is back to being pushed up when the Chinese market opens, it then gets pushed back, but mostly not a full retreat.
This is a bit like the recent run up towards a price of 3.1
Just my thought, but might presage a second run at 3.1

[arja] 29/9/2017 18:39

but you got that totally wrong as copper price retreated today but KAZ went up as copper price went down for other reasons obviously . Copper now further down at 293.3
and who knows how KAZ will be affected on monday .Ok, so what is your forecast for monday as you have a second chance to try and get it right ! ( wry smile )

[tradejunkie2] 29/9/2017 16:19

The stock is doing well as l predicted when l said copper is oversold.
Yours, Number 1 trader.

1000p coming.

[tradejunkie2] 29/9/2017 14:39

So 10 quid a point arja, not worth my time pal.

[tradejunkie2] 29/9/2017 10:47

Paste your contract note

[arja] 29/9/2017 10:09

are you an imbecile making stupid assumptions ? I very rarely short a stock as have not shorting mentality . But KAZ is a strange stock and jumped to 759 as copper price came off .

[tradejunkie2] 29/9/2017 10:04

You should have gone long buddy

[arja] 29/9/2017 09:08

copper hit 297 but no retraced to 295.2 . But a fair chance it has turned .

[arja] 29/9/2017 09:03

nonsense or are you looking at another stock by mistake ? opened 10 higher only now edging up .

[tradejunkie2] 29/9/2017 08:18

Wrong bet arja

[arja] 29/9/2017 07:50

well, not sure about BIG markup but will open higher I think

[losses] 28/9/2017 17:44

A big markup in the morning no doubt.

[bigbigdave] 28/9/2017 17:16

KAZ is going north tomorrow :o)

[tradejunkie2] 28/9/2017 16:39

Great recovery!

To the blues.