Sirius Minerals Share Discussion Threads

[11_percent] 20/9/2018 18:39

Most pt comes from south Africa, and SA is on its way to ruin.

Indeed.
Am also looking an ETF (or similar) to short the SA market and their currency.

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Would watch the weak dollar story.....it is likely to get a lot stronger.

I am looking at a scenario where the $ and gold (PMs) go up together......that is when the SHTF.

[ppvn] 20/9/2018 16:16

Think close price should be about 29.3 I'd guess so the 38% should hold for today, would think a rise tomorrow would be on the cards.

As with anything though, time will tell!

[eurofox] 20/9/2018 16:04

needs to go to 27.5p to gap fill

[ppvn] 20/9/2018 14:51

SP certainly seems to be gyrating around 29.1p... who'd have thought!

[coolhandfluke] 20/9/2018 11:35

Well done Skinny. Made me lol. Thumbs up.

[eurofox] 20/9/2018 10:47

going down to close a previous gap up

[dp1umb] 20/9/2018 10:38

11% isn’t it about time you start rolling out the end of year prediction tables?

[excellance] 20/9/2018 09:52

When gold is more expensive than platinum There is something amiss.

Most pt comes from south Africa, and SA is on its way to ruin.

Palladium has recently been on a bull rampage, overtaking pt, boosted by demand from autos.

The key here as with silver is EM and the dollar.

Yes silver, platinum and gold may fall a little further but all are likely to reverse violently as the dollar weakens.

[ialwayswinatmonopoly] 20/9/2018 09:52

...just needs to close today at 30p+ (be lucky if it closes at 29p+ at this rate)

[ialwayswinatmonopoly] 20/9/2018 09:29

Looks like the defibrillator has worked and we now have some predictable trading rhythms again. If we can close today at 30p+ then we should have 32p in the next 5 trading days. This will be a hell of a recovery from intraday lows of 22p just 10 days ago. There's life in her yet!

[jw30] 20/9/2018 09:29

This share is only good for trading. The TorPs are meant for PIs’ consumption, lol.

[desijohn] 20/9/2018 09:11

Is that all I`ve got for my money? This is obviously a scam!

[11_percent] 20/9/2018 07:23

I would watch with platinum, its on a long term down trend.....and likely to continue.

[11_percent] 20/9/2018 07:19

But we dont have a mine........we don't have the money (Stg2) to build the mine....and then we need to sink the shafts, which is the high risk part of the build.

Don't worry.......the world will get by, without the Woodsmith mine.

[vesna09] 20/9/2018 07:12

World agriculture needs Poly4 multi-nutrient fertilizer certified for organic use.Low cost production it’s in the ground waiting to be shipped around the world.

[excellance] 20/9/2018 00:17

Add it all up and here’s the current situation for silver:

Noncommercial short positions at an all-time high
Sentiment at record lows
Gold/silver ratio at 27-year high
US Mint temporarily out of Eagles, with higher premiums already in effect
This extreme situation in silver cannot and will not last. The data show the silver market is exceedingly overstretched, which implies that an upside reversal could be sharp and swift. A day is coming when you and I will no longer be able to buy silver priced in the teens.

[11_percent] 19/9/2018 23:15

NY Silver COMEX Futures

SUMMARY: STILL MOVING LOWER

THE ANALYSIS PER THE CLOSE OF Tue. Sep. 18, 2018: NY Silver COMEX Futures closing today of 141850 immediately is trading down about 17% for the year from last year's closing of 171450. Thus far, we have been trading down for the past 3 days, but this has been an inside trading session warning caution (Note: We have included reference to Reversals and Short-Term timing considerations in this Summary Analysis, but please keep in mind this is a preview only - these references will be removed from Summary Analysis and moved to our higher levels of market analysis upon the upcoming launch of our expanded platform service.)

Our Benchmarks in the precious metals are reaching a convergence and are fixed for the weeks of 9/3 in silver followed by the gold target due the week of 9/10. Up to now, we have been declining in this market since the last high was made 6/11 at 164600 for the past 13 weeks.

On a broader cyclical perspective, the view of the future is clearly interesting. Our next yearly target in time for a turning point is 2019. However, we also have a directional change due in 2018, which warns we must be concerned about the price action this year. So far, we have made a new high this year warning that a year-end closing below 171450 would suggest that a correction into the next target due 2019 where we could then move into the opposite direction for the next target due in 2020 becomes possible. Closing higher will suggest we could still press higher into 2019. Our pivot point for the year is 764569 which we are trading below right now and the market needs to maintain this posture to keep this direction in play. Remember that the key indicator remains the Yearly Reversal System. The next Yearly Bullish Reversal stands at 309760. The next Yearly Bearish Reversal resides at 141540.

Meanwhile, our technical resistance stands at 148160 and it will require a closing above this level to signal a breakout of the upside is unfolding. Applying our Reversal System, our next Weekly Bullish Reversal to watch stands at 168200 while the Weekly Bearish Reversal lies at 141300. This provides a 15% trading range. Turning to the broader Monthly level, the current Bullish Reversal stands at 177760 while the Bearish Reversal lies at 143200. This, of course, gives us a broader trading range of a 19%. Immediately, we closed the last session trading at the 141850, which is below this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal a rally is unfolding. Right now, the market is trading some 15% beneath that level.

A possible change in trend appears due come October in NY Silver COMEX Futures so be focused. The last cyclical event was a high established back during September 2017. Normally, this implies that the next turning point should be a low. However, the market has been neutral for right now so caution is advisable. Watch the short-term trading levels for a hint of the next directional move into that target time frame. Last month produced a low at 143150 but closed on the weak side and so far, we have broken beneath last month's low 143150 closing yesterday at 141850. We now need to close below 143150 on a monthly basis to imply a continued decline is possible.

Our Daily level momentum is bearish while the trend indicator is neutral providing a mixed short-term posture for the market. Turning to the broader picture, our long-term trend and cyclical strength indicators are both bearish reflecting resistance forming at 141900.

On the weekly level, the last important low was established the week of April 30th at 160700, which was down 2 weeks from the high made back during the week of April 16th. We have been generally trading down for the past 13 weeks, which has been a significant move of .1951%.

Looking at this from a broader perspective, this last rally into the week of June 11th reaching 173500 failed to exceed the previous high of 173600 made back during the week of April 16th. That rally amounted to onlysix weeks. Subsequently, the market has breached that low of the week of April 30th and has closed beneath it warning the market is weak. Since then, the market has consolidated for the past 13 weeks. Right now, the market is below momentum on our weekly models casting a bearish cloud over the price action. .

At this moment, this market is in a downward trend on all our indicators looking at the weekly level. Addressing the direction of this trend, we had been moving down for-2868 weeks. Subsequently, the market has consolidated for the past 2881 sessions. The last high on the weekly level was 173500, which was created during the week of June 11th. The previous weekly level low was 160700, which formed during the week of April 30th, and has now been broken in the recent decline. However, we still remain below key support and key resistance now stands at 162800 above the market.

Some caution is necessary since the last high 182900 was important given we did obtain three sell signals from that event established during September 2017. That high was still lower than the previous high established at 186550 back during April 2017. Nevertheless, at this time, the market is still weak trading beneath last month's low. Taking a broader view, this market is in a downward trend on all our indicators looking at the monthly level. Aiming on the direction of this trend, we had been moving down for-651 months. Subsequently, the market has consolidated for the past 662 sessions. The last high on the monthly level was 182900, which was created during September 2017. The previous monthly level low was 143400, which formed during July 2017, and has now been broken in the recent decline. We have generated a sell signal, so some caution is required.

[11_percent] 19/9/2018 23:07

excell,

Don't know much about FRES, as a company......only that they have been hammered along with other gold/silver miners.

My mining shares were HGM and AAZ.

Trend reversal.
Yes, both Ag and Au have been in a falling trend. I follow Martin Armstrong, and he pointed out that PMs would fall. Ok, I took that on board, but totally underestimated/did not believe, how far PMs would drop.
Martin Armstrong is still predicting a further fall in PMs, so that is what I am going with. It is important you note it is not the OPINION of Martin Armstrong, but the prediction of his computer.

So, I am going with, the trend is still down….OK, we have a period of consolidation before next leg down.

Gold or silver.
The ratio is 80, which is way too high……….so yes, silver is the PM to go for because the ratio will drop, in the next crisis. So, if you ARE going to buy coins, silver would be the ones to go for, as you likely to get the greatest rise from them, for your money.

Having said the above, it is Gold shares I go/have gone for.

HGM and AAZ.
The PM miners are going to show a huge increase in the next bull run in PMs.
IOM that will be before the crash. In the crash, the mining shares will decrease along with all other shares.
So, my strategy, try to get into mining shares at the bottom of the PM cycle…………there may be a wait, in which case HGM will give you 7.35% divi while you wait. Then ride the share price increase before the crash.
Mining shares tanked in 1987, along with all other shares, although gold/silver held their price and even went up.

HGM has some good fundamentals.

AAZ is just undervalued, although it will go down with the next leg done in PMs. Don’t know how high the present spike will go…..may be worth a punt…for the brave.

Will post the Socrates (Martin Armstrong’s computer) TA for silver.

[beeezzz] 19/9/2018 21:46

I've no trouble with companies raising funds, if those funds will create greater wealth for it shareholders, rather than funding the lifestyles of BOD, and no chance of see it again.

[excellance] 19/9/2018 17:08

11

What do you make of fresnillo since their share price dropped 50%

I bought a few today hoping for a trend reversal, but obviously it's precious metal related, so, what about silver?

I'm not buying ingots here, I'm buying the business fundamentals...

[excellance] 19/9/2018 17:04

Nmrn

I'm not here to fool or influence people, I'm always honest about my game, I pay my money and take my chances.