Member Info for schlemiel

Lp - No problem.

The market maker PEEL is sat at touch (best bid and best offer - the price you see on your screen) on the electronic order book (SETSQX) (offer is the sell side, the price he sells and you pay) and he refuses to move up his offer cos I believe he's got a hefty seller so he sits there dishing out stock into the market until his line of stock at the offer price is exhausted...at that point he'll jump up his offer...he may start this process again at a higher offer price or he may come back again...we don't know how much stock he has to sell so we try and guess but it's an almost pointless task as we don;t have access to their own book

The German is berenberg (one of the MMs on the order book)

PEEL is sat on the sell side like a big, fat bloated Heffer...someone call one of the Yorkshire Vets to administer a huge dose of animal laxative

another warrant out of the way..

S1982 - You're confusing the actions of Market Makers operating down in London with company fundamentals. The two are by and large unrelated. MM's exist to make a market with the aim of turning a profit. The fact that they deal in equity is neither here nor there. They deal in dog crap if it made a profit. MM's have pretty much no idea what Havieron is worth and they don't give a toss. They'll play their book and that is all they are concerned about it

fm - It's Allo, Allo. You can have that for nothing

S1982 -Yes

Yes, you can see the price flicker upwards when he steps up.

that f-cuker of a seller is sat at 3.25p but at least we know we have a forced seller rather than a complete sell-off here and I take some encouragement from that

It's not a shake, it's a MM offloading a position for someone. The question is, who is that 'someone'? I still believe it's a warrant seller with added downward pressure being exerted from nervous sellers

PEEL doing the damage again. What's this ass-hole MM got on his books? He's willing to sell and willing to sell lower.

This fall hasn't completed its journey. There's sweet FA on the book

Just been taken over at a premium of 210%. Yes, it's a pharma but it does show that the disconnect between material company value (in the real world) and the value attributed to a company by the stock-market can sometimes be wildly at odds with one another

It makes little difference as most on here are now holding at a loss. Anyone who went through 2008-2009 will testify to the old adage that the market always corrects itself, eventually

A simple check on Google is all that is required -

'Measures which had already been enacted by Newcrest included passenger screening and health checks for all fly-in, fly out workers, contractors and visitors travelling to Newcrest operations in Orange, as well as restrictions on travelling to high-risk countries and internationally.

Self-quarantine has been applied to those who have travelled for business or privately to China, South Korea, Japan, Iran and Italy in the past 14 days, as well as any travellers who have been in contact with a person diagnosed with or suspected of having the virus.

Staff have also been banned from attending conferences or similar events until further notice, while communications to all sites have been issued highlighting safe and hygienic practises to minimise spread of infection.'

Another bit of WA-Pilbara deal-making

https://www.asx.com.au/asxpdf/20200313/pdf/44g0jrz9s893th.pdf

We're all waiting for that fella. Are they holding it back until the markets stabilise?

Gold plummets in overnight trading

March 12, 2020 : Daily Market Report

(USAGOLD – 3/12/2020) – Gold plummeted in overnight trading as markets attempted to digest a run of bad news on the virus and its effect on business and financial markets. It is down $30 this morning at $1614. Silver is down 70¢ at $16.15. Some are blaming the sell-off in gold on further position liquidations to meet margin calls in other markets. At the same time, ETF stockpiling of the physical metal has accelerated over the past few days – a sign that funds and institutions have anointed the yellow metal a chosen refuge from collapsing stock markets even as the price has dropped.

“Investor appetite for gold, a classic haven asset, has surged amid the coronavirus-led stock market sell-off and monetary easing by the global central banks,” reports FXStreet this morning. “Holdings in gold-backed exchange-traded funds (ETFs) surged by 55 tons in the previous three days, or 1.8 million ounces, accounting for almost a third of year-to-date inflows, according to a preliminary tally by Bloomberg. Notably, inflows into ETFs this year are already more than half of 2019’s total.”

https://www.usagold.com/cpmforum/

the paper gold market is a scam and needs total investigation into open market abuse

RJ - definitely. Liquid assets being sold to cover margin calls elsewhere. You can almost 'see' the leverage unwinding. Upside is that this process is finite

issued

It's not easy to chill out when profits turn into losses of £5k or £6k, on paper of course!...phew