Member Info for JEF_NIC

This correlates with gold price as it goes down but not on up. Not a fair play MMs.

Its has been nicely consolidating under resistance 1265. In my opinion this seems to now be gaining momentum to thrust throw resistance. Gla. Will be interesting to see how it plays out.

Unlike most days with pmo today's pullback has been mild, this in my opinion indicates strength. The share price is currently consolidating and once it regains strength we should see a quick move up. The next few trading days will be very interesting indeed.

Buying asset at a better deal, oil is up and most relevant PMO coming to an agreement with ARMC (closing short position) . What's there not to like!

That was more likely a short that just finished closing the position. I.e. hence the subsequent drop

A Currys PC World spokesperson said: 'Due to the high level of demand for vital technology, which keeps customers connected to loved ones, their families fed, clean and entertained, and helps them work from home and home-school children, we are experiencing some delays in our response times and occasionally in the delivery of certain items."

Due to store closures there has been heightened demand with online orders. In my opinion this is a temporary logistical issue, as stores start to reopen hopefully we'll see this subside. Look at airlines not able to refund tickets in a timely manner.

RNS of Wishbone Management aquiring 3.57% of shares. I guess even the Yankees see potential here, lol.

This moves like a sloth upwards but like a cheetah downwards. Mind boggling; last trading update prior to covid displayed signs of strength. I appreciate that things are going to be different post-covid but I think the market has been too harsh on DC. They'd recovered 2/3 of revenues while shops were closed. Bare in mind, some retailers had 0 sales. Surely this is overdue for a correction. It should be past 100 by now but I guess MM are stocking up shares for the 25th trading update. Patience is a virtue!!!!

Mannnan: Well, I'm a "glass is half full" person. I guess you're too since you continue to review this board. :p

Since suspension my broker, interactive investor doesn't have any of my holdings on display. What about other brokers? Cheers

https://www.marketingweek.com/dixons-carphone-lockdown-sparking-innovation/

I thought the last was positive, perplexed why this is going down.... especially with lockdown being loosened from Monday

I'm new here but I'm perplexed why is there such a huge discrepancy in valuation of RRE. I'm mean $340 millions in cash with 13milions shares in issue would equal ~£21 per share. Can someone explain (apart from the obvious decline in POO) why the share is so low ? Other oillies have made significant recoveries but this lags behind ...?

Investing.com -- Gold prices consolidated around the $1,750 mark on Thursday, extending a recent pattern that has seen them rally on risk-friendly news and outperform on more bearish developments.

Havens were in favor again after another immense number for U.S. initial jobless claims, which fell only slightly from the previous week to 5.245 million. The U.S. economy has now lost more than 20 million jobs in a month due to the pandemic.
Futures prices were supported by comments from the world’s biggest miner, Newmont Goldcorp (NYSE:NEM), whose chief executive Tom Palmer told Bloomberg in an interview that he saw prices of over $2,000 an ounce as possible, enabled by the extraordinary anti-crisis measures taken by governments and central banks in recent weeks.

“The level of stimulus globally that’s going into the economy certainly underpins higher gold prices for the longer term, and I don’t think that stimulus has stopped yet,” Palmer said. “You could certainly see scenarios that have it pushing north of $2,000.”

To celebrate there has to be something substantial, and trump's tweet doesnt cut it. The destruction in demand caused by the virus is the overwhelming factor. Cuts are welcome but the damage on the supply side has already taken place and IMO it will take months before we see brent near $40 again. As coronavirus subsides POO can reliably turn POO bullish again, in the sense of reaching $40/b.

I think people need to be cautious as this is purely a Mr Trump tweet reaction. Key players need to show their cards, reach an agreement and let's not forget the MASSIVE dent in demand due to coronavirus. Too early to celebrate, Mr Trump is trying to throw a lifeline to his ailing shale industry. Spike followed by gradual decline....

Pmo has great assets but sadly, fundamentals of oil are extremely bearish. The domino effect is beginning. People travel less. So refineries are unable to sell their fuel, which builds up in storage tanks. Could we get some relief if President Trump manages to convince the Saudis and Russians to call off their price war? Probably not, as the scale of their additions to the market (about 1.5 million bpd) is dwarfed by the destruction in demand caused by coronavirus lockdown.

If you are out why do you keep posting about this going south? I sense FOMO or someone desperate to get back in at a cheap price. Not gonna happen matey!

EPA-EFE/LISI NIESNER

Report: US to urge S. Arabia to end oil price war

[25/03/2020] 15:26:00

The United States intends to push Saudi Arabia to put a brake on its planned oil output boost during the forthcoming G20 videoconference, according to people with knowledge of the matter cited by the Wall Street Journal.

G20 virtual meeting is set to take place on Thursday and world leaders are expected to discuss a coordinated response to the coronavirus pandemic.

Washington will apparently seize this opportunity to launch a discussion about ending the price war between Saudi Arabia and Russia and warn the Kingdom that its economy could also take a hit if the crisis lasts any longer, the people said.

KEYWORDS:
OIL  |  OPEC  |  RUSSIA-SAUDI RELATIONS  |  US-SAUDI RELATIONS

Breaking the News / GG

What really matters is what Mr Trump says and the world knows it. US would not allow shale industry to go bust. In the short term US likely to pursue federal aid to shale producers. Mr Trump is not going to be a longterm cashcow. He knows he needs to exert pressure on the weaker side and I expect SA to blink first.