Member Info for Supercharger

I wonder if Mark Bristow is putting over one or two ideas as to how to help Tanzania. Interesting article of a new vision from the Governor Magufuli :-
www.mining.com/web/tanzanias-magufuli-wants-central-bank-buy-gold-part-reserves/

We are holding around the £2 a share level, whilst a lot is going on in the background. It looks as if Trump needs something to stimulate the NYSE after the "wall does not have ears" and so I would not rule out a China V US deal soon which will help commodity prices further. Once we go over the current Gold price level we could move ahead quite significantly, even before any anticipated deal with the new Minister employed by the G.O.T.
Most also anticipate 2019 to be a more volatile year even than 2018, so I feel my money still safe here, as do the shorters'.

Pleased to see the market has now supported the Oil price rise as predicted. Hopefully if the Oil keeps to the same upward stream, and the Opec cuts keep coming the price will rise further, and so Premier Oil and the others will return to form.

Hi RL, Yes hope so and should follow.

Also report on the bloomberg helps when they mention Oil draw downs will be announced in the states tomorrow, which are expected to show reduced supplies and increased consumption, and so if what they say is true will push Oils above Usd60 a Barrel.

BB-Yes agree looks very good news as the reference is made to the Govt intervention previously affecting the values of the local Tanzanian Companies falling and the encouragement for local Companies to go onto the DSE Local exchange. This is an exchange where Acacia does trade its own shares and therefore will also benefit the Domestic market if a conclusion is found. Something with the appointment of a new Minister in charge will hopefully achieve as they will not be carrying any historical baggage. Another important sign with G.O.T support to change for a conclusion.

I don't think the comments on this site have any effect on the price of the share and in wanting the price to fall.

However the rising Brent crude price will affect the price and so once the small profit takers have sold off for their after Christmas bills, this share will start rising again which will most likely be towards the close.
Fund Managers have an ability to time these buy transactions very surreptitiously.

Interesting article shows the Chinese are buying Gold reserves again, first time since 2016.

www.mining.com/web/china-adds-gold-reserves-first-time-since-october-2016/

Oil price will get momentum if OPEC members start their cuts next week, and if the USD falls this will help too.

The only Fire I see is that by shorters Fire fighting? Their losses must be mounting if they sold t the lows a week or so ago.

Oil futures still up at the moment, and the price also usually gains with the market share rally/ demand. .

I see this as overlooking markets and not rising rates for the sake of it. They confirmed they need to be aware of the causes of volatile markets and the effects they have. This will be a new aspect they will look into. I see this considering the recent movements in the markets after the most recent rate rise they are less likely to do so in the short term,
This extra care should help Gold longer term, and I see a turn in the Gold price today to positive as a result.

See us hopefully moving on (like you say BB) to up another 10% (not being unreasonable) and therefore this will be £2.30 next week my next target.

Shorters will have to come in again soon, they are also being roasted I understand in the rest of the market on the back of the US Jobs numbers, could they run out of cash?

ie. He has counted and run away. Don't blame him as my Oils have made about 40% since he and I last spoke on the subject when he said they were doomed.
USA Delegation going to China to discuss trade deals next week, this could give us an extra boost on demand.
-Happy days chaps good start to 2019, afterall. .

Interesting Acacia is a win, win. i.e. In times of trouble everyone flocks to Gold. In times of Growth the Gold and commodities market see extra growth. Win, Win.
Still see reasons for staying in here chaps, remember this whole market is still very volatile, and we are not naive enough to think that one USA Jobs number is our saviour for other stocks. I feel it just helps take up the slack.

Keep buying shorts -support your share buy back.

This thing has been waiting for sometime for this jobs report and extra growth -no recession in the States.

Yes Franky like you I have been on the slow boat to China, etc, but can now see the tide is turning.

I take comfort from my earlier comments by looking at the late trades today.

For spread bets I bought Hochschild, Centamin and Premier Oil. - I am a happy boy tonight Also Palace won last night too. Its about time my luck changed. We also won £2.40 on the Euromillions -Happy days in 2019!!! .

Hi Chaps just looked up the stats and can see for the past 30 days Silver is up 7.46% and so as Hoc are perhaps the biggest Silver miner, this has got to benefit this stock, I can remember when the share a few years ago was in the £3 to £6 range, so it has a long way to go yet -Well lets hope so anyway.

What with all of the good news here for us, and the rest of the markets co,lapsing around us together with Randgold now off the FTSE I have a feeling the Fund Managers have found us.

As we say at the moment no where else to go, I laugh when I say to myself this is a safer bet.

If a deal is announced this will give you your 90p plus Franky, well I hope so anyway.

Good news for Hochschild Mining.

Should help us keep momentum.

Sooner or later one of the big guys could come in here, I say keep your hands off our North Sea oil. .

Amazing rise before Wall St. open and Premier now up 6% - Happy days.

Oil starting to gain momentum -Hargreaves Landsdown live figs show WTI up 2% for the day with Brent now up over 1%, no doubt due to either further Saudi cuts or other OPEC members cutting their quotas.

Could also be due to safe haven status. Shorts it could be the time to come back in now before Trumps trade talks?