Kaz Minerals Share Discussion Threads

[tradejunkie2] 28/9/2017 16:23

Manics
stamford hill
zho

...up a tree.

[tradejunkie2] 28/9/2017 16:13

Copper is rocketing! It's literally erect LOL !

[tradejunkie2] 28/9/2017 15:43

The copper price is giving me a stiffy. Level 4 target has now increased.

[tradejunkie2] 28/9/2017 15:15

Copper is still up. RSI near oversold. Look at the KAZ and High Grade Copper chart so similar.

[tradejunkie2] 28/9/2017 11:55

Copper flying

[arja] 28/9/2017 08:58

taken a small position with a spreadbet in 715 area and hoping for a bounce to about
730 as seemed oversold . Still no help from languishing copper price !

[carl79] 28/9/2017 08:44

It is a funny stock. I've held since 130 and I smile about that every day. More gains to come methinks...

[arja] 28/9/2017 08:33

funny old stock as really retreced today and copper only down slightly ! hard to figure out although mining stocks pounded so far today

[losses] 28/9/2017 08:13

CopperDaily Technical AnalysisThe main trend is up according to the daily swing chart. Despite the prolonged sell-off, the market never crossed a swing bottom. All the move did was wipe out about a month's worth of gains.Late last week, copper stopped at $2.8940. This was slightly above the main bottom at $2.8935. A trade through this level will turn the main trend to down. This could lead to an almost immediate test of the next main bottom at $2.8795.The major retracement zone is $2.9150 to $2.8525. The bottoms at $2.8940, $2.8935 and $2.8705 all fall inside the zone. Even if the trend changes to down on the swing chart, I think value-seekers may like the price if it remains inside the zone.Bearish traders are going to have to be careful selling weakness inside this zone because they may get caught on the wrong side of a short-covering rally.Holding above the major 50% level will indicate the presence of buyers. Overtaking the short-term pivot at $2.9440 will indicate the buying is getting stronger. Overcoming this week's high at $2.9665 could trigger a move into the September 18 top at $2.9935.The main range is $3.1785 to $2.8940. If buyers can overcome the resistance level, we may see a move into the retracement zone at $3.0375 to $3.0700.

[tradejunkie2] 27/9/2017 12:50

Time to take a dump. Back later.

[tradejunkie2] 27/9/2017 12:33

This year represents the “tipping point” in an electric vehicle revolution that will drive global demand for copper, according to BHP Billiton.

Arnoud Balhuizen, chief commercial officer at the global miner, declared that “copper is the metal of the future.

“In September 2016 we published a blog and we set the question: could 2017 be the year of the electric vehicle revolution? The answer is yes, 2017 is the revolution year we have been speaking about.”

A succession of leading carmakers have pledged recently to electrify their ranges, while countries including Britain and France have vowed to ban the sale of new petrol and diesel vehicles by 2040.

Although, unlike some of its rivals, BHP does not have exposure to key battery materials such as zinc, lithium and cobalt, it argues that the biggest impact from the growth of electric cars will be on copper. Such vehicles require four times as much copper as their conventional peers.

Copper prices rallied by a fifth over the summer amid an expectation of increasing demand for the metal. That, in turn, has been linked with forecasts of electric vehicle growth. Copper prices hit three-year highs at the start of September before falling back since.

BHP forecasts that a dearth of significant copper discoveries in recent years and natural decline at leading mines will ensure that demand outstrips supply, pushing up prices.

The company has identified copper as one if its key priorities and last month sanctioned a $2.5 billion project to expand its Spencer copper mine in Chile. Its other key copper mines include Escondida in Chile and Olympic Dam in Australia.

BHP forecasts there could be about 140 million electric vehicles on the road by 2035, which it describes as being at “the greener” end of the spectrum.

“The reality is that a mid-sized electric vehicle still needs subsidies to compete . . . so a lot will depend on batteries, on policy, on infrastructure,̶1; Mr Balhuizen said.

The forecast is slightly more bullish than that of BP, the oil major, which predicts that there will be 100 million electric vehicles by 2035, up from only about a million today but still only a small fraction of the total number of cars on the road, which it projects will double to two billion.

Both companies’ forecasts are conspicuously below the trajectory implied by Bloomberg New Energy Finance, which forecasts that there will be 530 million electric vehicles on the road by 2040. It argues that both the lifetime and the upfront costs of electric vehicles will fall below those of conventional combustion engine vehicle in the 2020s.

Mr Balhuizen also described China’s plans for a new Silk Road trade route to Europe as a “tremendous opportunity” and a key factor affecting commodities markets. He estimated that the plan could create demand for a further 150 million tonnes of steel, the majority of which would go into structures using reinforced concrete.

The forecast compares with Chinese production of about 800 million tonnes of steel last year .

[themoreiwantyou] 27/9/2017 10:20

...and your logic for saying this?

[tradejunkie2] 27/9/2017 09:49

I repeat again Copper is oversold.

[arja] 27/9/2017 08:36

KAZ is trying to encourage the copper price to move higher but it is rejecting the advances at present ( smile ) . But a nice bounce so far .

[plastow] 26/9/2017 21:03

The Dow is in a consolidation period .if you look at the macd your see divergence which = down ..which will drag all markets with it ...

[fangorn2] 26/9/2017 17:13

Copper prices seen falling in 2018, Morgan Stanley sees worst impact for Kaz Minerals
While the company's rating was downgraded, its 12-month target price was hiked to 480p from its previous 360p.

As the most financially levered play within our coverage, we believe it will have an outsized impact on Kaz. We estimate that every 10% change in copper price moves the equity by 25-30%.

[tradejunkie2] 26/9/2017 16:18

Where is you buy price post? You liar.

[ali47fish] 26/9/2017 16:11

sold the lot and good riddance