Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I had what I thought was a pneumonia in December 2019. Nobody could understand what it was, blood tests were done etc which showed no lung infection. But I had very dry coughs with mucus coming out and sever shortness of breath, could not sleep at night. I never stopped wondering after that... But then again, it would probably mean that Covid started not in Wuhan but in London, as I had it early on:) But a very strange disease, never had anything like it before.
As mentioned very interesting presentations by a number of US specialists. In a gist: antibody test is an absolutely necessary part of the algorithm of screening tests in ensuring the safe return to normal functioning of the society. WHO really need to get their act together.
Dr Fauci is giving an excellent presentation on the various COVID tests right now in the Taskforce meeting. A must watch.
Such a stirrer:)
Read and listed to this in full. Not necessarily bad news but aimed at kicking the charlatans out.
https://www.cnbc.com/2020/04/17/who-issues-warning-on-coronavirus-testing-theres-no-evidence-antibody-tests-show-immunity.html
+5,599 new cases today. Desperate need for testing.
Kopfkissen - lol.
DOW futures went skywards yesterday evening on news that there is an effective drug tried on patients in the US.
What a complete joke. How is that news different from dozen other headlines about effective use of some medicines - there were reports about Chinese doctors successfully using some drugs manufactured in Japan, then about Russian doctors using a combination of other medicines and so on. So how is that different to warrant a 900 points rise in futures?
Trump's guidelines on reopening the states were equally laughable yesterday. Nothing in particular. Yeah, if everything is alright, you can open, in stages. Thanks. Looking at the US Covid data I am not sure they have peaked. I am not a buyer into today's rise...
I see the oil markets showing middle finger to the historic OPEC++ deal, and rightly so, as this turd can't be polished. Same with the banks now starting to make provisions for the forthcoming defaults. Waiting for the markets to realise what a mess we are in. FTSE and DOW should be way lower. If we were in 2009 Dow would be 15k and FTSE 3k.
FWIW, I would not read too much into the recent strength. Remember, there were also 3 or 4 days in a row recently when KAZ was lagging behind the peers and I and some other were moaning about it. So this might just be an adjustment to these levels coupled with general strength of KAZ compared to competition.
It's a tricky one. Honestly, I have less difficulty picking the time to buy than to sell with this one. The problem is - all these Elliot waves, support and resistance, Fibonacci numbers etc don't mean anything in this market when US is throwing trillions to support the economy. I remember the 2008 crisis was shorters' paradise - now, I would be afraid to short Dow even from 30k levels. KAZ has overshot on recovery, I think due to shorters' squeeze. I would not be comfortable buying at these levels. But, to be fair, there are a lot of factors in favour of KAZ - improving conditions for copper, advantages over peers, country barely touched by the virus. All of these mattered little when it went to 260p and with Q1 reports season and the economic data starting to hit the markets from this week, I hope we can see mid-300s again. There was an excellent article on investing.com warning against thinking the worst is over. There had also been a rebound in Oct 2008 followed by deeper lows.
I have also sold my entire position (except a portion held in ISA) over the last couple of days. It is a bit too much too soon. However, Dow and American markets are completely unhinged at the moment and I am afraid this may continue. I see the numbers only marginally getting better and only in some countries whilst the others are yet to peak. I also agree that the market only priced in a short period of stay whilst we are looking at much longer periods now and the some countries are beginning to extend their carantines. But on the other hand - don't underestimate the pre-electoral hysteria in the US and Dow which can drive the stocks up even in these unprecedented times. Target - 320p but not sure if we will see that.
Any thoughts from TA gurus?
I like what I see. Last week and this were supposed to be the worst ones in terms of sentiment etc and it held very well. From next week at the latest (and from today from what I have seen in numbers over the weekend) the curve of CV in Europe will be steadily going down. US is a bit of an unknown but I am not worried for them economically - Trump is standing by with the shovel ready to fill any holes. I think Colonel would be right about Dow in other times but not now - don't underestimate the pre-electoral psychosis of the US and Dow.
flying...
I think there is a lot of work in the couloirs to bring the price of oil up - it is in no-one's interest and is a big deal. However infinitesimal the demand for oil is at the moment, the oil price can be fixed up. This will propel the other commodities. When copper is back at 2,400 it will serve as a cushion against KAZ falling much lower. Kazakhstan - China supply-demand relationship should be pretty much back to business as usual now, with both countries recovered or unaffected by CV. Show me another big miner like this with big problems in South America, Australia and so on. Of course KAZ will follow FTSE but my hope is, if FTSE goes down, it will only follow it to a limited extent. The upside is much higher, as I see it from my perch.
C'mon RIO reaching highs of the day, we are reaching the lows...
Modest and underwhelming performance today, considering the Chinese news, turnaround of Dow, and rising price of copper.
I think it is the case of longs not convinced enough the rise will be sustained and shorts hoping for the market to go down later in the week. I think if copper rises on the hope of China improvement this would at least put some buffer on any sp drops due to corona crisis unfolding in Europe and US.
Bought more at an average of 328 in the morning. Hastiness again got the better of me as were much better deals later. 100% now in one share which is also wrong, but just cannot find the same level of comfort and predictability on the market. I think and hope over the next couple of days we will start seeing that the COVID has peaked and going down in Europe (there are already very promising signs in Italy, Switzerland, Germany) driving the market up. I know my predictions were wrong about this some time ago, so take these new ones with a pinch of salt. Stay safe everyone.
https://www.mining.com/mine-closures-pose-risk-to-global-copper-supply-report/
I sold CEY yesterday, thinking of buying more of these bad boys, but have a feeling there will be a dive to 320 first thing Mon and then a recovery...