Member Info for bobliz35

Hi Nardniles

Forgot to mention the effect at or immediately after the market opens called the " Margarine spread" If you google it will explain further wide spreads at start of trading.

Bob

Hi Nardniles
Very observant of you. If a broker has a large order to fill for an important client then in early trading with lesser liquidity there are opportunities to take advantage of small entries into the book creating large swings to their advantage one way or the other.
If a large order then the entry into the book can be delayed and if you follow the RNS you will see these large delayed trades struck perhaps the previous day or ven longer if the holding by the client exceeds the number of shares which the LSE require to be announced. The reverse is of course true where the Institutional investor falls below the share holding required to be announced. Rather a complicated explanation I am afraid but added into the mix is the effect of short time day traders taking a 2% gain and momentum traders again working within an algorithmic technical analysis basis.
Not much help I am afraid but thought your observant post deserved response
Bob

Exactly Rebess

Bob

Hi Cowichan

Too many variables and not under my consideration even allowing an inevitable pull back.
Might consider after weekend Egyptian announcement in Canada and , ex divi been and gone and 1st quarter results out.

However if I was a Trader rather than an Investor I would put a sell order in for 158.5 below the 159 level where the big money will take it down. But heigh ho I was a rotten day trader so acting contrary may well be wise.
Obviously momentum traders still in full flow at mo.

Bob

Thanks Tibbs for such a well researched post which is most illuminating

Bob

Hi Cowichan

Great post Do you feel this announcement explains why SP has performed so well over the past few days. Appreciate Gols rise will have been a major player in this.

Bob

Mr Bond, your post gut wrenchingly reminded me of the time Gordon Brown sold 200 tons of British Gold for between 200 and 300 dollars an ounce and by pre announcing his intention to auction it off dropped the price he got by 15-20%

To make matters worse I could not resist converting what the value of that gold would be worth to the Nations Reserves as at today. 8,135,634,437 pounds sterling approx. That would make a big difference to the poor victims of the current flood disaster and I hope the present Govt really help and pour money into the present and future defences to avoid repeats as far as is possible.

Bob

How lucky are all long term holders that END preposterous offer failed in January. The Gold Gods are truly smiling on us . Long may it continue.

Bob

Hi Razor,

Astonishing rise. Waiting to see what Comex will do when N.Y market opens. Could compound or take back down . To what level is impossible to predict. Glad topped up the ISA max at about 127 as currently about 147.5

Bob

Hi Tibbs

Snake in a lucky dip far more trustworthy . The Comex is a good example of manipulative trading and short term electronic ETF trading (and I mean milliseconds or used to be ) to take out at the stops leveraged big players. the only consolation is that the City players are also doing it to each other.
Welcome man on the train return for his intuitive thoughts .

Bob

Hi Tibbs

Rapid rise this am . Not sure this can only be a reaction to Gold breaching 1600. Any comment from "Man on the train or down the pub????

Bob

Hi Phil,
Level 2 access shows the strip ticker price eg the current best offer to buy and sell entered into the book plus those entered below or above. eg if the buy strip price is 150 then the entries in a list below that would show offers below that price . If the 150 offer is bought then the strip price would automatically go to the next best price in the list. The same works in reverse on the sell side. In a live market with strong liquidity this happens very quickly.
I have posted here as to the distinction between a retail investor and a market maker when an entry into the buy side is actually to sell to the general market at that price.
Worth trying to get a limited no cost acess to Level 2 to see how it works but be careful as to the time limit involved as cost after the free period can be quite high.
ADVFN sometimes have a trial offer period for free.
Hope this helps but if I can help further please post.

Regrds Bob

Hi Phil,
Level 2 access shows the strip ticker price eg the current best offer to buy and sell entered into the book plus those entered below or above. eg if the buy strip price is 150 then the entries in a list below that would show offers below that price . If the 150 offer is bought then the strip price would automatically go to the next best price in the list. The same works in reverse on the sell side. In a live market with strong liquidity this happens very quickly.
I have posted here as to the distinction between a retail investor and a market maker when an entry into the buy side is actually to sell to the general market at that price.
Worth trying to get a limited no cost acess to Level 2 to see how it works but be careful as to the time limit involved as cost after the free period can be quite high.
ADVFN sometimes have a trial offer period for free.
Hope this helps but if I can help further please post.

Regrds Bob

Currently broken through 140 to 141.05 up 2.78% at 8.34

Hope holds at close of trading.

Bob

Bob

Hi Razor

Really appreciate your contribution to this board but the buys and sells volumes can be quite the reverse of what is shown.

Worth having look at LSE trading conditions with regards to NMS and what time frame trades have to be entered into the book It may be that to maintain a "normal market a large trade can be held for up to 3 days Lets say a sell bargain is struck at 135. When entered into the book and showing as a trade then if the price is currently at 134 it will show as a buy. Equally normal trades marked as "o" can be delayed by 5mins and entered as abuy or sell depending on the price at that time. When spreads are as tight as 0.10 then a buy or sell can be vice versa at time of entry. This explains to a large extent as to why when buy volumes are shown as double the sells the price can fall as happened recently. Equally in a share in the 100 or 250 the liquidity is governed by sellers and buyers so each sell has to be balanced by a buyer. In the AIM , discretionary and Grey market then an intermediary broking house will set the buy and sell price to ensure sufficient liquidity to make a market eg a market maker. All this a few years ago so may well have changed since then but may be basically the same.#
Very much appreciate your contribution to this board and if you know different look forrad to bringing an oldie up to date.

Kind regards Bob

Glad I'm not in Endeavour with their hedged gold price of??? 1350 plus the Royalty factor.
Parrot and sick springs to mind. However if oz price had fallen Heroes would be the call.

Bob

Just spiked to 1598 . 1600+ anyone

Bob

Sorry Dasut my thanks to you as well of course

Bob

Many thanks Cowichan, Razors Edge and Mister Booth for your astute information.
Having trawled through the 30th Jan Report again(memory not what it once was) it would appear under the terns of the Agreement certain capex costs are recoverable or are covered under the profit share agreement including the solar power plant viz

§ Sustaining capex of c.US$95 million, in line with routine work programme

§ Non-sustaining capex of c.US$45 million, including construction of the second tailings storage facility

o c.US$50 million of treasury will be invested into long-term growth projects, including solar power. The capital outlay is recoverable as per the Concession Agreement

It later states that the solar plabt when in operation should save 18,000,000 litres of fuel oil per annum.
Sorry if this is "old hat to the more experienced regulars to this board " As a long term holder I am somewhat more interested in divis going forwrd than the short term share price and a long term reduction in AISC of particular interest.
Thanks again
Bob

With gold currently as I type 1588 dollars per ounce has anybody more capable than I done any projections on effect on profit if Centamin hit their forecast this quarter and beyond. I have seen some figures here on the effect that this has previously. I am sure the simple arithmetic I have applied cannot be relied upon as I cannot factor in the reduction in fuel costs of falling oil price on AISC. Anybody fathom Goldman Sachs update on Centamin with 135 hold a few days ago and then Berenburg coming out this morning with 127. In my opinion shows the expertise on this board far more in touch than City analysts .

Bob