Rio Tinto Share Discussion Threads

[turvart] 09/4/2024 19:12

I've sold some yesterday @ 5130 & today @ 5270, I've still got a small holding going up but the RSI 14 is creeping up and we have " Sell in MAY and go away " coming up soon of which has caught me out the the last 2 years and left me holding the baby.

I'm still in RIO and will buy below 5100 but waiting to see what happens this May as I want to keep some powder dry.

[eggbaconandbubble] 09/4/2024 08:50

Thank you Cassini.

[cassini] 08/4/2024 19:30

commodities are on the up across the board (crb index), not unconnected perhaps with the rise in government debt/money printing and consequent inflation in the USA and the West in general.

How will they pay off the debt, or rather, manage the interest payments as they'll never pay off the principal?

They won't do it via increased taxation, the pips would squeak.

They can cut interest rates to make the interest payments more manageable, but this would reignite inflation.

Or they can brazenly inflate it away and just try and gaslight the population (i.e. fiddle the figures). Starting a big war would help in this circumstance.

Hence commodities doing well as they are 'real'.

[saltraider] 08/4/2024 18:34

@egg Taking a medium-term view, the sector isn't particularly bullish, though. Share prices are just bouncing around a bit ... currently upwards. Volatility is the name of the game.

I remain very bullish about the sector in the long-term. The world needs minerals for energy transition. Coal still has a way to run and uranium is going into a global supply-demand deficit.

I don't try to time the market. I just buy a little more whenever I can. But others with better trading skills are doubtless buying and selling for short-term gain, whatever they may believe about long-term prospects. It will be a bumpy ride.

[eggbaconandbubble] 08/4/2024 17:05

"I know nothing!" Please can someone simply explain the recent bullishness of the mining sector.

Thanks

[philanderer] 04/4/2024 14:24

Rio Tinto’s Madagascar mine may face lawsuit over pollution claims

Mining company hit with accusation it contaminated waterways with harmful levels of uranium and lead

[philanderer] 04/4/2024 11:28

Deutsche Bank cuts Rio Tinto price target to 6,000 (6,200) pence - 'buy'

[freedomexpress747] 02/4/2024 22:11

Rio is one of my favourite stocks, never a loss always profit... I'm still in, looking for another 5% or so. Ticks my boxes, and far less risk than small miners.

[yump] 02/4/2024 20:59

Getting RIO to 7000 would be like an oil tanker changing direction in a few hundred yards. There’s no reason for it to break out of its trading range unless something massive enough happens to affect a big chunk of the business, relative to any other massive thing that has happened while its been in the range.

[tuftymatt] 02/4/2024 20:25

No one goes hungry when taking profit off the table so well done Turvart.

Good luck all 👍🏻

[turvart] 02/4/2024 18:29

I was out @ 5140 today on 40% of my RIO holding and reset a limit order for 4954 to get them back. I'm really not sure of the Direction long term at the moment so I'm going into trading mode until I can see some direction especially on the China front.

I really hoped that RIO would of been 7000 by now but China put the mockers on that one.

[turvart] 30/3/2024 18:50

Us or RIO? :-)

[proj] 30/3/2024 18:48

Holding up well.

[turvart] 27/3/2024 17:43

hahahaha i meant 4975

[spud] 27/3/2024 07:54

4875p? You'll have to give me the name of yer broker.spud

[turvart] 26/3/2024 20:12

Well I got my limit order LOL!! @ 4980 (Actually gave me 4875)

I can see RIO retracing slightly more but I don't think its anything to be concerned about, I'd be very surprised to see anything below 4830, but as usual we will see :-)

[philanderer] 26/3/2024 16:33

RIO in the doghouse , just like relations with China.

[nellynell] 26/3/2024 13:17

Ahhhh the nostradamus of price predictions have landed on rio tinto. 😀

[halfpenny] 26/3/2024 11:10

RIO Falling back below 4750 testing 4500.

China is the driver but has run out of steam...where will next Commodity rally come from!!!

Chartist shows Falls ahead Too Risky at these levels!!

[mwainw1973] 22/3/2024 06:59

You must have a canny holding Turv trading those margins, 6 figures at least ? Nice one

[turvart] 21/3/2024 21:23

Sold some of my holding today at 5067 and hoping to buy back at 4980 in next few trading days, as always the pullback is usually imminent with RIO but still got a nice holding going forward.

[halfpenny] 21/3/2024 17:26

RIO target much Higher as market improves.

Future Getting Brighter for RIO

[halfpenny] 20/3/2024 08:11

Future getting brighter as Asia drives demand.

Analysts Upgrade forecasts as demand pickup rapidly...