Perhaps watch metal prices e.g. Copper and also the discount when buying. Copper seems to have been hit big time in the last few days because of China, and this may also hit Iron ore, Silver is also looking vunerable? I will definitely buy again, though around 420-440, just waiting for the right opportunity.. I dont think there is a quick fix for the China situation, and their stock levels of metals, particularly Copper are very high. I bought RIO last year for 2600p, so I think it has a lot to give back, especially in a market sell-off situation. GLA.
RE: Might see 440p?
If we see 440p I'll be buying more. Not that I'm dumb, I just have a 10 year horizon ... Cheers and GL
Might see 440p?
Current discount out of average range, see Bloomberg brwm:ln, also Copper down big time, and could go further. RIO & BLT have plenty to give back? Glad I exited at 519.2p.
7 Mar '14
come on mining
Two steps forward, three steps back. Gotta hold over 500p at some point. I just keep buying a 1,000 stg every month, month in, month out. Being doing it for 5 years now.
22 Feb '14
Ftse 350 banks index has now broken out of the descending resistance from 2011 and has officially gone from being a short term relief rally to a longer term one IMO. The index is up 9% from the start of this year (YTD) The ftse 100 is up 1.3% mainly pulled up by the miners. Mr Bluesky
18 Feb '14
The FTSE 100 is set open higher, maintaining the upward momentum of Monday and the tail end of last week. In Asia most markets were buoyed by the Bank of Japan’s decision to maintain its asset purchase scheme while boosting lending. In China in contrast was tightened fiscal policy by draining liquidity from the system. This had a knock-on impact on the Shanghai Composite, which fell 0.5% to 2,125.12, while Hong Kong’s Hang Seng was flat at 22,523.65. However most of the Asia region took its cue from the Nikkei, which rose 3% to 14,843.24. With Wall Street closed for President’s Day, so the pick of the corporate results came from Anglo-Aussie mining giant BHP Billiton. Its earnings were better than expected, particularly from iron ore business. BHP will undoubtedly be a talking point when London opens for business.
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