Member Info for Roydon1

That was amazing, everything went mad .
Now down again !!!
I thought we coined it , not to be ,, not today :((

Afternoon Causal : Every thing jumped, US market, Copper
The lot !!
I wonder if there is news about the Virus , or a Vaccine been found

WOOOW, Big jump
Any news ?

Tomorrow should be good
Copper futures are up 2% ( 2.59)
Dow and S & P are up 2.7 %
So, all is set for a decent rise tomorrow
Fingers cross

Hafeez : I thing in times like this , when panic is spreading faster than the Virus , every one will say “ Cash Is King “
Forget gold. !!

Thanks Hafeez, Great find !
I really think that there will be a solution very soon , the whole world is working on this.

Rastuss, You are very welcome :)
Causal : There is nothing he can do, or anyone can do to control the world markets in these conditions,,, the main drive now is Fear , a very primal feeling , so everyone is looking for the Exit door.
I think the game changer will be when they find a working Vaccine .
I hope it happens soon, before it is too late for recovery.

Autonomy : I am going to Tenerife in 2 weeks time, no worries for me .
If I get it, then I get it and deal with it, I will cross that bridge when I reach it.

Thanks to the Media !

https://www.pharmaceutical-technology.com/features/covid-19-outbreak-how-misinformation-could-spark-global-panic/

Many Pharmaceutical companies are now in different stages of producing a Vaccine.

Favilavir, the first approved coronavirus drug in China
The National Medical Products Administration of China has approved the use of Favilavir, an anti-viral drug, as a treatment for coronavirus. The drug has reportedly shown efficacy in treating the disease with minimal side effects in a clinical trial involving 70 patients. The clinical trial is being conducted in Shenzhen, Guangdong province.

https://www.pharmaceutical-technology.com/analysis/coronavirus-mers-cov-drugs/

OK guys, I am packing and going to Antartica, it is Virus free !
Rastuss : you coming ?

Maxdba, this is the best thing to do, I have no idea why every one around the world are panicking from a flu.
It happens every year, and people just carry on with their lives
It is a Media creation and hype !

Copper is holding very well , considering every thing else is going down, I reckon this is happening for 2 reasons :
1) The supply chain for copper oar is very tight, and that is creating a deficit , keeping the price from falling further.
2) China is going back to work, and demand started to strength again after the full stop for few weeks.
don't forget that China = 50% of world demand.
3) Copper traders are factoring in all the Stimulus that China will throw in to revive their economy.

We might see a gradual increase in copper futures from next week, and hopefully KAZ will follow.

Just to put things in prospective, , every year (EVERY YEAR) there are 70,000 people die in the US alone from Flu
The media have managed to create a real panic with their head lines, and "Horror" stories.
It is a shame that they behave like this to sell their stories.
Nature will take its course, and in a year or 2 , we will look back and wonder why every one panicked and sold because of a Flu story !

Taskmaster : Thank you sir , unfortunately , it was too late for me, I didn't have spare cash for it !
That's how it goes with stocks trading !
I am not familiar with Gaps, so these Gaps you mentioned are going to left the price, or lower it ?
All the best.

Rastuss : Thanks !
I believe this is a true news, because I know how the Chinese go about doing something in a situations like this.
Remember, they build a hospital in 8 days !
In the west there are so many restrictions in developing and producing a Vaccine, but I think in the case with China, they will go for it, no matter what to develop and try the Vaccine .
I think the 85% is a recovery from the illness , i.e. not to suffer the complications that kills 2%
So in effect, you will have full recovery .
All the best

Here we are , I think they got it !!!
"Chinese develop anti-coronavirus vaccine, - diplomat"
https://112.international/politics/chinese-develop-anti-coronavirus-vaccine-diplomat-48859.html

Although the daily virus news is pushing every thing down, this might be a great incentive for the race to find a vaccine .
I will not sell, and keep holding, because the moment the Vaccine is announced to be found and produced, every thing will rocket sky high , a chance not to be missed .

GL all holders

Hafeez : the only thing I can think of is the that the daily chart for Kaz has formed a "rising Wedge" shape, which if you look it up, always break out downward.
Remember, 98% of all shares are now traded with computers, which are programmed to recognise these shapes, and buy and sell accordingly .
I might be wrong, but I was scratching my head today, and this is what I think .
Now, If this is the reason, then unfortunately there will be further drop, maybe down to 450, unless Copper put a spectacular recovery performance next week.
There might be another reason as well, as they say "Buy the Rumors and Sell the Facts", now the results are out !
GL, and all the best

Morning All,
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21 Feb 2020
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