Member Info for gotreal

Copper recovery off its six-month low is gaining traction ​

The price of copper is in the process of breaking through its two-month downtrend line at $8,130 per ton as the US House of Representatives approved a bill to raise the debt ceiling.

​It will now be sent to the Senate, which is expected to rubber stamp the bill before President Joe Biden can sign it into law ahead of June 5, when the US would be in default.

​If the copper price were to close on the daily chart above Tuesday’s $8,185 high, the last reaction high, it could extend its recent gains to the 200-day simple moving average (SMA) at $8,373. ​

This technical view will remain valid as long as the last reaction low, that is Wednesday’s low at $8,038, underpins on a daily chart closing basis.

Why do you think anyone else is interested?

Ripley ...they still don't. What small amounts you mess around with are irrelevant to everyone except you.

Plathunter

Moneyman, Bushy's understanding of cash flow accounting is that of a child. Doesn't understand the concepts of investment and profitability.

Why waste your time on it/her/him/them/puke, Seis...? Just filter it; the board becomes readable again. Has spread falsehoods about the company for years and is deranged.

Are all rallying this morning. Cu up over $8,000 again at $8,075, Pt at $1,035 and Pd at $1,445 ...once the debt ceiling has been sorted out in the US the US markets will rally ..

May 26 (Reuters) – European shares climbed on Friday, boosted by mining and technology sectors, although the main benchmarks were on course for steep weekly losses as investor concerns heightened over the U.S. debt ceiling impasse and a slowing global economy.

The pan-European STOXX 600 index rose 0.4% by 0707 GMT, after closing at an eight-week low on Thursday.

Miners jumped 2.6%, tracking a rebound in metal prices, as the global mood improved after the progress made in the U.S. debt ceiling negotiations, while technology stocks extended their recent run of gains.

Also lifting miners, Rio Tinto climbed 3.6% after Morgan Stanley upgraded the stock to "overweight" from "equal weight".

Malema is just a thug ....

Let's all think of the worst thing that could happen .... Most people are self-defeating.

We are marketing our Cobalt in Europe with ESG and supply chain traceability, differentiating it from the child labour produced product from the DRC. All artisinal mined DRC Cobalt (about 20% of the total) is bought by the government and sold, so all of it is tainted.

Well said, Moneyman ...

How many times .....we have covered off load shedding. It isn't an issue.

Luckily not affecting Inyoni and we should have back up power in place in the remote sites by now.

What utter cr4p..... :)

Charles .... I refer you to page 79 of the Annual Report, 2022,

Loadshedding
Loadshedding was certainly a notable feature of the South African operating context in FY2022. That said, our Inyoni operations did not record any negative impact from Eskom loadshedding in terms of productivity, as it receives power from Dikwena Chrome Smelters, which has a dedicated supply from Eskom and has a load curtailment agreement in place.

That is VERY surprising, Seis!

Hahahahaa... joker.

How many?

There isn't a Whatsapp group ....

Big mouths are not needed here ...never a truer word written ......