Member Info for Roydon1

OK, Thanks !
I add it to my watch list now , I think it is useful to watch
I usually watch the Copper futures LME copper price.

Hi Auto,
Which mining index are you referring to ?
I found one (NMX1770) which has a value of around 19116 at the moment
Is that the correct one, or you are looking at something else ?
Cheers

What a great start to the new year !!
Copper down only 0.5%
And KAZ responds in kind with a 4% down !!
Did I miss something ?

Last night , Copper was up 0.80% , today down 1% so far
Nothing has changed in the world overnight !!
Just a traders game !
Time to close the computer and come back in the new year !

Wishing every one a Happy New Year & GLA in the new year.

Last time Copper was at this price ( 2.81) , it was at the end of April
Kaz was 650
Now it is 550 !!!
Lots of catching up to do here, but when ??

Auto , you are right , I almost forgot it was KAZ , and was expecting at least 3% up this morning !
Might even end up in the red by the end of the day after traders take profit
I am used to it now. !!

Causal ,
It is the US Copper futures , down 0.35%
The US traders are just shorting copper all the time , not sure why !
While the British market is up 0.64% , but with no effect !

Good article
https://m.uk.investing.com/analysis/a-decade-in-commodities-in-base-metals-dr-copper-becomes-dr-who-200435865

£6 soon. ??

Tomorrow should be good if copper futures keep the gains , 2.85 at the moment.

GLA

Thanks Guys ,
Seaking1 : if you look at the last few years, you will see that KAZ did very well at January, so I think we will hit 600 next month , then a retrace before hitting 700
It will happen sooner than what you think, because Copper is gonna be in a big bull run very soon .

Auto : yes , you are right , very thin volume today , but I remember regretting selling too quick in 2017 and missing the new year rally , so I am setting tight !

GLA & and Merry Christmas Everyone
May we all be Rich next year ??

Yeah , very odd
They say China will cut tariffs , and markets will rally, then we get this !!!

Any one knows any thing. ?

I don't know why the SP is very slow today
It should be at least 1% up
Maybe due to very thin trades.

I am just looking at the Monthly Chart for Copper & KAZ.
I might be totally wrong, but it looks like there going to be a mighty Bull Run in the next 4 years
It is the opposite to the 4 years Bear market that took KAZ from £17 down to 64p
Then there was the short bull run from mid 2016 to mid 2018, followed by the big drop , then gradual rise to what we have now.
I reckon this gradual rise,( presuming no dooms and glooms) , will carry on for another 4 years, taking us to the Glory price of £17, before another crash happens.
So, hold tight and enjoy the ride Forward & Upward.

GLA

LME Copper Stock Level are still going down fast, 160000 at the moment, same level as last March
The lowest on the chart is 120000, last March too
I wonder what will happen if it gets below that, or if they run out of stock ?
Surely this is having an effect on the price upward (supply & Demand)

Copper is the new Gold !!

Fingers Crossed Causal,
Lets just hope that our friend will not throw a Big Spanner in the works before the agreement is signed .

JP Morgan raise KAZ target from 600 to 685
Very good !!
https://investorshares.telegraph.co.uk/broker-views/KAZ/Kaz-Minerals.html-broker-views

Fully agreed guys,
Well, at least there is some stability now after "Phase 1 " is done.
I expect more Upside movement, to at least 600
Next year should be better, I like the links to the reports that you posted Causal, very good news :)
GLA

Just checking on LME stock levels,
Very Low again (180000) , down from 340000 in September
This will add upward pressure on Copper prices.

Sorry, it was July
Check it out !

Last time copper was at this price was in June
Kaz was 600
Not sure what is holding it now !
Maybe the elections ?
Hope it follows the Copper price rise soon