Rio Tinto Share Discussion Threads

[jdb2005] 12/4/2017 14:35

Could not resist taking advantage of today's volatility to go Long at 3160

[idioterna] 12/4/2017 09:45

VIXY did another 4.64% yesterday and RIO is still holding the $40 support. Looks like being an excellent month….. barring the pending nuclear strikes.

[utyinv] 11/4/2017 18:15

As soon as the Yanks open it goes into free fall!

[arja] 11/4/2017 08:31

plunge in iron ore price lately and hence RIO holding up well.

[utyinv] 07/4/2017 09:20

I see that Rio have been hit with a masive tax bill in Aussie Land! Part of an action by the finance minister to curb multinationals taking profits off-shore. Obviously an Australia first policy😒

[idioterna] 07/4/2017 08:32

It's looking to an interesting weekend. 60 Tomahawks for 1 small chemical attack. I sincerely hope that Kim has got the message.

By the way I "insured" my entire portfolio with a large position in VIXY two days ago. It was a bargain at $12.82

[utyinv] 05/4/2017 17:20

Yanks taking it down again!

[arja] 04/4/2017 20:02

but hard to pick next move in copper price Chritsh and seems to be in a short term sideways pattern- next move likely to be up though to about 270

[ian davenport] 03/4/2017 20:29

strange things indeed- if a year ago you'd have told me we'd have Brexit, President Trump, possibly President Le Pen, Cable at 1.25, FTSE at 7300 and gold still at 1250 , the Patriots coming back from 28-3 with nearly 3 quarters gone, England losing to Iceland in the Euros id probably given you several 100:1 , and felt damn mean about - the only given was that Sturgeon would be banging on about indyref2 - like the idea of a 100% in a month is appealing given im more or less fully invested!

[idioterna] 03/4/2017 16:08

PS. Long RIO. Because when this ends (and it will be fast), you'll get a stockmarket & USD rally like never before. A 100% rally on US stocks within 1 month wouldn't be a shock. Watch-out, strange things do happen, just ask the old traders from the 1930's (admittedly not that many coherent ones left nowadays).

[ian davenport] 03/4/2017 15:07

Idio - I agree that if Trump manages to create the growth he's promised, it would be USD bullish - trouble is the easiest way to engineer that is a weaker USD - so i'm looking for the dollar to sell off this year , and if it works, bounce back strongly - but then that's what I am expecting for the pound after the last 9 months
fascinated by your calmly stating you are " slightly concerned" about nuclear strikes - if I thought there was a real chance, however small, i'd be stocking up on tinned food , guns and gold , not worrying about my Rio shares

[idioterna] 03/4/2017 14:56

In FX terms I'm a big USD bull. Swings will occur but if The Donald follows through on his promises/threats it's pretty much a given that USD is going up bigtime. I'm slightly concerned that this weekend will see a series of US nuclear strikes on North Korea. Just to ram the message home to China. Xi will be in the southern-whitehouse while Kim hits the ballistic button yet again. The response will be swift and decisive, and certainly not conventional (remember North Korea uses VX indescriminately). The USD will spike on monday and either the Chinese dismantle their bases on the Spratleys or it's their turn.

[christh] 03/4/2017 13:30

I would say that the price might shoot up to £36 - £38 following US problems with
Trump, $ fluctuation, oil prices and Brexit.
Commodities will become more expensive hence demand will make dearest prices for raw materials, base metals, gold, silver.
Meanwhile RIO is taking advantage of the shareprice of its share Buyback program.

Buying opportunity, I would say!

[ian davenport] 03/4/2017 12:28

blimey - have a week away doing other things and this thread sparks back into life
on cable , until the late 70s FX trading was pretty quiet , I think the cable term refers to back to the pre war era when the rate was fixed by telegraph daily between London and New York- hence the "cable" being used to fix it - when I first worked in the city I met an old boy who had started trading in the 50s and said the South African rate used to arrive by mail ship, so you could trade for a week or two on the wrong rate!
I think the bad news is more or less in for GBP - still room for another peak at 1.20 ,but im covering my direct USD exposure, and wondering if I should cover more to reflect the impact the weaker USD would have on shareholdings like Rio

[arja] 02/4/2017 19:24

chartwise RIO has a downard pattern and may well hit 3000 or 2900 in next few months . But as we discussed , RIO chart in USA is perhaps the one to look closely at .

[idioterna] 31/3/2017 14:26

I don't think it's profit taking, triple witching has expired and this week has been a microcosm of what to expect in April - 4 days up, 1 down - strong USD and Trump-enomics. April will be a good ride for longs. Methinks.

[robrah] 31/3/2017 13:20

Profit taking in full force . May be 3 april will be better

[arja] 31/3/2017 00:02

idioterna- good for you sport and there is more than one way to make money in markets but discipline is the key and sticking to trading rules . I have always been bad in that regard until recently and failed to stick to m,y favourite rule - OAAT . When I do that , 90% of my trades are profitable - not easy to stick to it as human bature intervenes at times - means 3 steps forward and 2 steps back !

[drewbags2] 30/3/2017 17:50

Any truth in the rumours of Rio and possible takeover of Alcoa?

[idioterna] 30/3/2017 16:53

arja, I'm not UK based so ADRs are my preferred option. I don't spread bet or use leverage in any way. At least not since 1998. It works for me, but I have accumulated the capital to find the risk unnecessary.

[arja] 30/3/2017 16:45

If I traded RIO in USA , I would just use a spreadbet for simplicity and perhaps
accumulate in the day using intra day chart. Problem is that CMC do not have the most clear charts .