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Tops and bottoms display the same characteristics this far its looking good- http://screencast.com/t/gCnZ9v6CtDR You never know with current volatile gold/plat prices, but this could play- http://screencast.com/t/vCoX15xmpWHK Nothing written in stone re charts. Calculated guesses at best- so not meant as advice, just observation.
Mother comp is Redefine Properties listed on JSE as RDF -massive comp: "Property Loan Stock company, with a diverse range of property assets under management valued, as at 31 August 2012, at over R39 billion." http://www.redefine.co.za/ Been breaking for past 5 weeks and still going strong http://screencast.com/t/VygP8afysh Then you get its subsidiary Redefine International listed on JSE as RIN with its sole holding in LSE listed RDI: "Redefine Properties International Limited ("RIN") is a Redefine subsidiary formed to house the Group's offshore real estate portfolio. RIN was listed on the JSE in September 2010 and holds as its sole asset, a majority stake in London listed Redefine International PLC." http://www.redefine.co.za/international.php Over the past year they've struggled a bit to get their debt structure sorted, but now they're poised for growth. Well worth a read: http://dashboard.fin24.com//Company/Redefine-Properties-International-Ltd So I've been watching RIN since end of March and bought in on JSE last week based on the above fundamentals, but mainly on the Ascending Triangle- price was right at the start of the breakout wave, wave E. And what do you know- it's breaking now.. ) http://screencast.com/t/vRKdAJhVc > http://screencast.com/t/jNuiMRx7 Exact same thing happening on LSE with RDI http://screencast.com/t/IO4xMOm5yGQ So yes, based on the performance of the mother comp together with RDI's positioning now- I think the sp has got some legs in it.
Supply Fears Spur Platinum 02/20/2013 By Francesca Freeman and Tatyana Shumsky http://www.morningstar.com/advisor/t/71216703/supply-fears-spur-platinum.htm Nevertheless, BlackRock Inc. is buying shares in exchange-traded funds that own platinum, anticipating the tightening in global supplies, said Catherine Raw, a portfolio manager for several natural-resource funds at the money manager, the world's biggest with $3.79 trillion in assets. "You have a demand environment that's effectively stabilizing and improving, and you have a supply environment that is challenged," Ms. Raw said.
will break resistance end of this week- or early next http://screencast.com/t/dEC3nZoO2M3x http://screencast.com/t/dN4TKNSp platinum longer term view on hourly chart http://screencast.com/t/wWDc8iag
http://www.bloomberg.com/news/2013-02-14/platinum-widens-spread-over-gold-as-supply-concern-drives-rally.html Platinum dropped the most in more than two weeks after a report showed Europe’s recession deepened more than economists forecast, spurring concern that metal demand will ebb. Gold fell to the lowest in more than a month. Gross domestic product in the euro area fell 0.6 percent in the fourth quarter from the previous three months, the worst performance since the first quarter of 2009. Platinum has climbed 11 percent this year on lower output in South Africa, the world’s biggest producer. “Economic worries about Europe are pushing platinum down,” Phil Streible, a senior commodity broker at R.J. O’Brien & Associates, said in a telephone interview. “The overall trend, however, is bullish as supply concerns remain.”
Supply fears continue to support platinum price BY ANDRIES MAHLANGU, 15 FEBRUARY 2013, 07:35 http://www.bdlive.co.za/business/mining/2013/02/15/supply-fears-continue-to-support-platinum-price THE gap between the platinum and gold prices continued to widen this week as investors expect the white metal to run into deficit this year because of production problems in South Africa and Zimbabwe, the world’s leading producers of platinum. The difference between the prices of the two metals — which provide a large chunk of South Africa’s export earnings — is at its widest in about 18 months. This was a result of platinum rising and gold falling. The widening gap is likely to benefit South African platinum miners that have been under pressure in the past four years. "Our forecast is for platinum to remain in deficit this year by about 305,000oz, which will keep prices relatively well supported," said Marc Ground, analyst at Standard Bank.
To say 'fully agreed' re your 14:19 post yesterday would be an understatement- you're absolutely spot-on with macro economics being the driver behind AQP's price from here onwards. When markets/commodities goes down- stocks go down and vica versa. When a commodity like platinum shows signs of a break within recovering economies- a comp like AQP who has cut the fat is imo is a screaming buy- especially against the backdrop of a challenged supply chain. Platinum Group Metals Facing Supply Constraints, Soaring Prices http://www.seekingalpha.com/article/1173071-platinum-group-metals-facing-supply-constraints-soaring-prices http://financialpress.com/2013/02/11/what-the-major-breakout-in-the-platinum-to-gold-ratio-signifies/ over 90% of world platinum supply comes from Zimbabwe, Russia and South Africa. These are not mining friendly jurisdictions. This pressure on supply from Africa combined with a robust recovery in China manufacturing may be the factor for the outperformance of platinum. We could see Platinum break to 1800 very near term http://screencast.com/t/WaeZevyf2 On hourly chart AQP's break is close imo http://screencast.com/t/bLa4uJmSJ bigger picture as I see it http://screencast.com/t/i16jinglNc Based on above I started buying AQP yesterday. The charts reflect my views, not meant as advice- nor to make predictions as patterns can fail.
Nice read, thanks minted1 Looks like a buy to me: http://screencast.com/t/q8wyZRNye
“Over the next ten years CPM Group expects PGM prices to increase at a strong pace. Platinum and palladium prices may break historical record nominal highs to test unprecedented levels. Investors have played an important role in the PGM markets for decades. In the past decade, however…the investor base has been expanding, and many more investors are participating in the PGM markets.” http://blog.europacmetals.com/2013/01/platinum-group-metals-long-term-outlook/
Perhaps posted already- apol's if so, but supports my take on price break. ----- Near-term outlook for metals prices is positive, platinum to outperform – Credit Suisse Posted on January 31, 2013 by Eddie van der Walt http://www.fastmarkets.com/bullion-desk-news/cs31 The short-term outlook for metals is positive, Credit Suisse said on Wednesday, picking platinum as its star performer.
Any here trading on JSE as well? I may have a Platinum tiddler(JSE) at all time low which could go places- would like to share some thoughts. --------------------------- Plat chart IMO looks extremely good for a break: http://screencast.com/t/A1zegXc8pb5
you still in sxx? price going into apex of rising wedge with RSI dropping off- resulting in bearish divergence. http://screencast.com/t/AH6csJD9OgSS Both patterns signals reversal. Just my opinion- a heads-up, could be wrong, but watch closely. Hope all well your side? Best wishes to old bud Stach as well atb B
normally after a strong rise (like yesterday) price would tend to pull back a bit, but looking good to me at the moment. Strong volume with buys at 60+% -price keeps on making higher intraday highs since initial drop this morning- so all in all good I'd say- holding above breakout point(70p- see bull-flag chart). it could back-test 70p, but unlikely imo- think its going to motor on. If so- then that bull-flag pattern is complete and the next leg-up in play. let's see how it goes
bit of a optimistic chart, but outlook for platinum extremely positive. http://screencast.com/t/xwiv2Dep3PH so far that initial Ascending Triangle played out very well- went into bull-flag formation which is almost complete- http://screencast.com/t/vFUv0o1hJow once it holds above 70 it will be- cant see any reason why it should not. Usually the second leg's height equals that of the 'flag-pole' which in this case will target 80+p as 1st consolidation area. Charts scenarios dont always play out the way we want them- so no advice intended, just personal observations.
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http://www.salabournews.co.za/ Sunday, 09 December 2012 09:54 The National Union of Mineworkers today said it had sent a senior delegation to address striking workers at Coal of Africa’s Mooiplaats colliery, near Witbank, to persuade them to end an illegal strike. The strikers want the suspension of four of their colleagues, who allegedly breached picketing rules and the terms of a court interdict during a protected strike in October, lifted. On Friday, the company announced it had dismissed 178 of the illegal strikers. They have been given a week to appeal their dismissals. The NUM has also engaged management on the possibility of rehiring the workers.
That little lessons keep our feet on the ground and make us better traders/investors- you won't believe what foolish mistakes I've made and still make! )) That said, I may be too early with a 60p target this side of NY- Jan/Feb perhaps more likely. All in all you're in a top stock which imo should trade at circa 100p at least.