I sold a chunk of KAZ at 4.00 pm as the differential was over 3.2% then waited and stuffed it back in Glen 2 minutes before close got a differential of 3.8% the reason i done it was that KAZ gapped up this morning but didn't return like GLEN so im hopping glen goes up tomorrow and KAZ closes the gap up from this morning then i will swap it back.
Following Donald Trump’s speech on Wednesday, crude oil and gold both fell after the US President made no mention of military action against Iran and called for peace and negotiations. While these commodities fell, the more risk-sensitive copper rallied along with stocks. The base metal has been trending higher in recent months on signs of stronger demand, with investors pricing out the risks of a global slowdown.
This is mainly due to growing optimism that the US and China will soon end their damaging trade war. The two sides are set to sign phase one of the deal in a few days’ time and then immediately start phase 2 talks. A trade agreement will help boost Chinese exports to the US and underpin the yuan, which in turn means more buying power of foreign goods and services for Chinese producers and consumers alike. Meanwhile data in the US has remained resilient while in the Eurozone we have seen some mild improvement too.
FFS Scoop we both had the same idea but same as you i resisted. What pssses me off is that they gap up a lot and nearly always close that 80% of the time, why dont they let it run up over a period of say 5 minutes then gaps wouldn't get closed however it is an opportunity if you got the balls to sell and take a chance.
Is one of GLENDAS big money makers as well and ZINC has been in a downward motion since February 2018 it’s now found its bottom as it’s bounced off the 2200 price mark twice once in September and once in December 2019 and has now started some nice upward trend once it gets momentum this could move up for a year or 2.
It’s taken a long time to keep the faith in GLenda but I recon our rewards are coming this year
Morning all, it looks like coppers developed a similar pattern to what it did around 4th February to the 15th February last year where we had a very impressive rise in copper price then a slight pullback in the period of dates above followed by another surge in price up to the 6400 area well I’m thinking that the signing of this first sino agreement could be the catalyst we been waiting for to push copper up to 6400. Obviously this is all speculative but apparently charts patterns do reoccur years later that are very similar so I’ve read.
FFS Scoop its took him long enough, i reckon hes thinking ahead to November, he don't want to unsettle the markets in a massive way especially in yank land or it will be curtains for his reelection,
Billy ye daily 100MA is at 242.63 it needs to break through this and stay above but at the moment everytime it hits it then down we go again. I just see Trump apparently wants to talk to Iran so this should calm the markets a bit hopefully to a more positive stance.
Scoop with reference to Gold how the fook can it go up $35 in just over the hour from 23.00 hrs uk time to 00.15 when the majority of the bludy world is sleeping.
Excuse my naivety if there's a simple answer to my question.
Scoop yes fully agree 1 a piece now lets get on the worlds got enough shiiiite going on thats affecting the markets let alone an all out conflict in the middle east.
I think coppers slowly improving over the weeks so should give good support to GLEN and KAZ. Its tempting to try and trade them but i dont want to miss out on a decent rise as i heavent had one for a few years no lol.
DT ye and Trump tweeted all is fine, but only few days back his words were if they retaliate or fire on any US based he will blow the fek outa them. Well they’re now calling his bluff to test the ground and see were they stand, will Trump accept this ?
Hit 1611 in Asia trade overnight and coppers starting to improve again making higher lows and higher highs for last 3 days so ffs GLEN & KAZ get ye butt in gear and give us lads some cheer for the new year. I took a few GFRD on the closing bell last night to top up my previous holding. I may be looking at pinching £10 from other holdings to pop into either CEY or HGM today they way golds motoring up.