Bubbles forming in miners......lol14 Jan 2017 01:51
I posted the below on the 24th Oct 2016.....the so called experts Neil Woodford & co all went SHORT on AAL & will write up any crap to try & get jo bloggs to panic - sell.
I still have a gap above at £14.30 / good breather......then £16....maybe £20 = then review the charts.
The big bad short!
Hedge fund bosses such as Crispin Odey are licking their wounds after betting against the natural resources giants
October 23 2016, 12:01am, The Sunday Times
Crispin Odey’s wagers on economic meltdown backfired
Hedge fund tycoon Crispin Odey reckons he “might have lost 100 million” on his bet against Anglo American, the FTSE 100 miner. Was that dollars or pounds? “Don’t ask!” he exclaimed, adding with a chuckle: “They are about the same now anyway.”
The 57-year-old bon vivant, famed for spending £150,000 on a chicken coop in the grounds of his Grade-II listed mansion in Gloucestershire, may jest, but he can’t avoid the truth: it has been a terrible year.
Odey Asset Management’s main European fund has plunged by 42% since January as his wagers on economic meltdown have backfired