RE: Chartist1 Oct 2018 22:18
Good evening, Sir Branson! So how is the rocket science project going, to save the US Nasa?
Glencore? Hmmm, usually I look for more spikie shares amongst the Ftse. What I dislike about GLEN is their involvment with leading russian kremlin figures.
First they coupled up with Rusal. Then when Russia was heavily sanctioned, the kremlin mob (Igor Schechin) sold 20% of Rosneft to Glencore for a high share price - while noone in the world would have lend Russia even a Pound.
Those kremlin figures are simply inacceptable for me. Gennady Timchenko with his fake finnish (thus EU passport), Igor Schetchin, Oleg Deripaska, etc. - its a long list with severely criminal people.
Its said that Putin manes 200k per year in office, but owns around $70 billion "parked" amongst kremlin touts. Untracable. No way I am lending them even a Penny.
IMO the West will come up with a method to sanction russian holdings in stock companies. Someday they could freeze all of Gazprom, Rosneft etc. Best to be careful where your money goes.
And now, being in advanced age, 40+, I tend to focus on ethics as well as fairplay.
P.S.: Glencore has had a nice rise, because of the commodity rebound. Since a few days the uptrend halted. People seem to wait for direction. New buy signal only if 339-341.80p are climbed.
(Might want to take a look at N4p. Something is brewing there since the rebound last week. If 6.90-7.20p are breached, they could see 12ish. Okay for a small 7k punt.)
Fair les jeux, medame et messieurs!