Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It's a tricky one. Honestly, I have less difficulty picking the time to buy than to sell with this one. The problem is - all these Elliot waves, support and resistance, Fibonacci numbers etc don't mean anything in this market when US is throwing trillions to support the economy. I remember the 2008 crisis was shorters' paradise - now, I would be afraid to short Dow even from 30k levels. KAZ has overshot on recovery, I think due to shorters' squeeze. I would not be comfortable buying at these levels. But, to be fair, there are a lot of factors in favour of KAZ - improving conditions for copper, advantages over peers, country barely touched by the virus. All of these mattered little when it went to 260p and with Q1 reports season and the economic data starting to hit the markets from this week, I hope we can see mid-300s again. There was an excellent article on investing.com warning against thinking the worst is over. There had also been a rebound in Oct 2008 followed by deeper lows.
it may go past 420 today ? good start anyway .
seems that large plants are shutting down ,with costs, helps copper push north.as investors know
Kaz is one of the most low cost mines out there.
Morning all, are we looking at 420 today.
3 waves of covid Auto,they are looking at.hard one to call ,depends how much the yanks are prepared to chuck at the markets,gotn another 18 trillion before it affects the dollar,again they say,it will help along the same lines as 2008. l think a lot of quarterly reports are already priced in the markets,as long covid figures level off
Highspeedtrain
i know nothing about charts and cannot understand how a chart can predict what will happen n the world or the market
however a certain person who i have been following stated in January the Ftse would fall,something to do with ELLIOTT WAVES 1 2 3 4 5 i havent got a clue but he is still predicting that by mid May ish the Ftse would be bewteen 4500 and 5000 so we will wait and see
nb.i wont tell you what he is predicting for next year as its scary
will we see covid part 2
I would agree that kaz is likely to drop to around 320-330p. However if ftse does drop to sub 5000 range we would be looking at around 260p range. However this longer term approach is near impossible to predict, with markets acting so strangely. Looking to pick a bunch up at around 320p for long term hold.
Seible
I think you will be able to pick them up again at 260 if not less
I see the FTSE going to below the 5000 level and more than likely to 4500 albeit not until another few weeks when 1st quarter earnings start coming in below expectations
I have also sold my entire position (except a portion held in ISA) over the last couple of days. It is a bit too much too soon. However, Dow and American markets are completely unhinged at the moment and I am afraid this may continue. I see the numbers only marginally getting better and only in some countries whilst the others are yet to peak. I also agree that the market only priced in a short period of stay whilst we are looking at much longer periods now and the some countries are beginning to extend their carantines. But on the other hand - don't underestimate the pre-electoral hysteria in the US and Dow which can drive the stocks up even in these unprecedented times. Target - 320p but not sure if we will see that.