Merrill Lynch World Mining Share Discussion Threads

[anubus] 28/2/2008 16:39

mlco now at a all time high.....

[hectorp] 27/2/2008 15:00

A pause before the next leg... up?
strong commods today.

[arja] 31/1/2008 11:55

seems to underperform the stocks it holds and discount to NAV widening ! maybe it should be liquidated in interests of shareholders ???!!

[chester] 25/1/2008 06:47

Put a 377 sma to the chart and see how its held the price since 2003.

[m4ybe] 22/1/2008 03:31

All I knew to do was sell right at the start. Commodity supercycle taking a break after 5 or so years. It'll be back, but the emerging markets have caused too much inflation for the developed world which cannot drop interest rates as it needs to now, so is slumping bringing everything down with it.

[arja] 21/1/2008 11:37

discount to NAV has been widening lately presumably because investors believe that commodity prices will keep falling ! A real bear market now but preceptions may change in time . I am not yet tempted to re-enter unless a day trade on a bounce presents itself - maybe one at the moment as Sp DOWN TO 546!!

[arja] 21/1/2008 08:54

a real bloodbath in US. Chart suggests MLW heading for about 520 but hopefully a bounce in the meantime ! scary times !

[m4ybe] 19/1/2008 05:14

If RIO etc have finished their correction MLW will have to follow them up, and the 13% discount to NAV on such a well performing fund looks a good idea to me so I added more on Friday.

[arja] 18/1/2008 15:31

thought MLW might do better today with recovery in base metal stocks !! Maybe some unexpectedly bad news to be announced !

[m4ybe] 12/1/2008 14:47

Yes gold is where the action is, +10% already in 2008 in pounds I think, Chinese New Year soon. I have just bought a little more of the real stuff, bling bling.

But over its lifetime MLW has performed the same % as gold so I'm sure it will catch up in it's own time. And MLW does dividends I presume that gold does not.

[arja] 12/1/2008 14:09

bit surprising that MLW not performing at present but maybe not much exposure to gold and much more into base metal stocks like RIO and BHP which are going sidewards ! Still, quite a big discounbt to NAV which may narrow in time .

[m4ybe] 10/1/2008 15:43

Thanks for the idea on MLCO, will look into that, I assume it's a basket of commodities. CED is a slightly leveraged one, but I don't know who runs it.

MLW and MLCO have performed similarly, except recently MLCO has gone up while MLW has not. I guess therefore that MLW is the one to hang onto for now as they have a long history of performing similarly. But I'm inclined to wait for a dip on MLCO and have some of both.

As for MLW it is just repeatedly swinging down to test the old July high, so unless it gets significantly below there I call it a strong buy at the moment, given commodities like gold seem to be rising faster than the stockmarket is going down.

[anubus] 10/1/2008 14:24

ANY IDEAS ON THE FOLOWING DILEMMA (FOR ME). STICK WITH MLW OR SWITCH TO MLCO.
I AM INTO BOTH ABOUT 50/50 SPLIT AT THE MOMENT.
ALSO CHART LOOKS LIKE LOWS GETTING HIGHER (JUST) AND HIGHS GETTING LOWER, CROSS OVER AT END OF MONTH BUT WHICH WAY DOWN OR UP????? EXPERT CHARTIST VIEWS PLEASE.

[arja] 18/12/2007 14:00

quite a discount to NAV at present . I could not resist a quick trade through a CFD as share price lagging the base metal stocks at the moment ! But base metals still in downtrend!

[arja] 20/11/2007 20:54

nice bounnce today bOOm with general market BUT base metal prices lower yet again . At least gold recovered well and that affects MLW a little . i was tempted to re-enter but not yet convinced it was right move other than a day trade ! good luck

[arja] 19/11/2007 09:32

yes, just a temporary correction I think and I look to re-enter in time ! But charts seem to suggest that more downside in metal prices and not surprising in view of possible recession looming in USA .

[b00m] 18/11/2007 09:12

MLW's own portfolio review released last Thursday still sounds bullish:

"Looking at the remainder of the year and into the start of 2008, we may see
further M&A driven by the fact that it remains far cheaper for companies to buy
rather than build production capacity. Meanwhile, demand from developing
nations such as China and India is likely to continue unabated whilst we
continue to see relatively muted growth from the supply side. In addition, we
expect numerous commodity price upgrades between now and the end of the year as
analysts mark their forecasts to market, providing the opportunity for
additional potential upside in mining equities."

[arja] 12/11/2007 13:05

interesting article Aim_trader. But maybe a little out of date following the dow correction. MLW would have been falling in recent days but held up because of it's RIO holding I suppose . But markets never fail to surprise !

[aim_trader] 12/11/2007 12:16

Merrill Lynch World Mining Trust
09th November 07
MLW continues to offer investors excellent exposure to a portfolio of leading metals and mining stocks listed on exchanges around the world, and we believe further out-performance is on the cards

[arja] 12/11/2007 12:15

MMs have wide spread again today and they really are the pits. They are like a cartel as no reason to be a 5p spread if any competition at all !! MMs are an unnecessary evil we have to put up with in UK - hence my preferencec for trading OZ stocks if I can stay awake at night !! good luck

[b00m] 12/11/2007 11:09

True arja, but I have been good at timing my trades with MLWT - I may have missed some profits, but I suffered no losses and have made a very pleasing compounded % increase since it was 117p.

Point is, in reply to earlier post, that I have been able to profitably trade MLWT without difficulty when his own broker has made it "very difficult".

I'm just trading off the back of market volatility with an eye on the underying figures and MLW's great ability to spring back when general market panic eases off.

Sub-prime meltdown has been very kind to me :-)

b00m

[arja] 09/11/2007 13:49

bOOm,
but even 15 minutes is a lifetime in markets and even in a slow moving one like MLWT it can be costly . I suffered yesterday when trying to sell some ! I usually trade CFDs as get instant execution most times but dabble in MLWT occasionally.
I still think the NAV will show a sharp increase on Monday as I think RIO is based on closing OZ price- I may be wrong about that though ! have a nice weekend

[b00m] 08/11/2007 21:03

I have been trading MLWT for a while through SelfTrade. Orders have to go through to a dealer but you don't need to phone.

Max. delay I have experienced is 30 mins. Never had an order not executed or partially executed. I took profits today just before lunch and it was 15/20 mins. Obviously could be trickier if your timing is bad.

Totally unexpected rally today and a big sigh of relief after mark-down this morning and the way Wall Street went yesterday.

b00m