Member Info for tawse57

jollyspeculator - think before you post please as your post did not make any sense. It was not simple English.

If the Chinese economy is so poor that a major Chinese miner is firing 100,000 miners then you have to wonder what demand other leading coal miners are going to have? I fear this news will take down all the major UK mining stocks on Monday when the FTSE opens. http://www.zerohedge.com/news/2015-09-27/chinas-hard-landing-has-arrived-chinese-coal-company-fires-100000

This can't be good for any of the major miners if Chinese economy is so poor that a major Chinese miner is firing 100,000 miners. http://www.zerohedge.com/news/2015-09-27/chinas-hard-landing-has-arrived-chinese-coal-company-fires-100000

Your post seems contradictory - highlighting thr meltdown in major emerging economies but then rubbishing the possibility of RIO going to £19ish? What do you mean?

... Pump and dump by the big boys and girls on Thurs which looks like already is rolling over.

The world is running out of places to store oil. US refineries are switching over to winter production so there will be a SLIGHT drop in US refinery capacity right around now and for a few weeks. Hard to see oil not dropping further here. Plus Yellen said - whether you believe here or not - that the US Fed will raise rates before the year is out and that usually means the USD will rally... which means weaker oil prices usually.

Yes, I was surprised how poor FRES did when the price of silver rose. Either this indicates that people just want to stay away from gold and silver miners or people simply think that the trend is still down longterm for gold and silver.

I googled news for BHP and there were articles talking about them wanting to issue some kind of hybrid debt assurance which some took for raising capital through share dilution.

Not sure where silver is going at the moment - whether this is a bit of consolidation or whether it is getting back to its downward trend.

...of tooday's dump? Did something happen in China? Or is it's BHP's hybrid share thingy?

Did I read that right?

We could see a massive drop in US market this week taking all the other markets down. People will be looking at the Fed not raising rates last week and wondering how weak the economy must be that even 0.25% is too risky. I think we could test the August 24th lows sometime this week. Not a prophecy just something to think about. What do you folks think?

Missed the 584.00 Oddly enough, last night i had a dream of FRES at 545.00. Don't worry, I keep dreaming the lotto numbers also but still have not won.

Are they going to pay Ant & Dec lots of money again this Christmas or are they going to do cheap celebrity-free adverts like Aldi and Lidl do?

With all the other big miners crashing I am amazed that this is holding up so well - must be some big pension funds refusing to dump it?

The sooner this gets back to the 52 week low the better chance that we MIGHT begin to see a bottoming... The news out of China is not good IMPO for any of the metal miners... so all this faffing around at the moment is a bit nuts IMPO....

Odd that this is up today when the likes of RIO and BLT are down.

Glad I could be of help. Wish that I listened to my own advice though - thought that Intrexon, XON, would go higher when it was 40 bucks about 6 weeks ago but was greedy and wanted it to fall to 35 bucks. Last night it broke through 60 bucks :-(

I was wondering why it opened up this morning - still up currently but I doubt that will last with what is going on in China. Deflation is very much back on the cards at the moment.

So what do you think a 46% drop in the price of iron will do to BHP's share price? What will it do ito RIO's share price as, presumably, copper goes down along with iron?