Member Info for tawse57

Dollar down so commodities rallying. Wonder how long this weakness will last - I doubt it will last longer than a week... but what do I know? :-)

No idea. The UK biotechs do not seem to have the same massive gains that US biotech stocks do. Not sure why this is. It is almost as if the US is into biotech in a huge way but in the UK few investors seem interested.

This rise is nuts in face of the fundamental issues facing the copper and iron prices.

And yet the price rises. Nuts. Methinks that RIO owners are not taking to account the glut. I think the price could suddenly drop of the iron and copper miners big time this summer.

All depends what the US Dollar does next. It might drift lower or just drift sideways in the short-term but if it begins to regain strength this summer, which I think it will, then that will be bad news for all the commodities - oil, gold, silver, etc, etc. So I think we will see oil, gold and silver drift down over the summer months.

Does Barclays own lots of shares that they want to off-load? Their new forecast seems a tad optimistic?

Amazed it is not 12 quid yet. The entire sector is heading down.

...and yet this is up first thing on Monday morning... makes no sense. I agree with driftking - stronger USD, Greece, possibly of flash crash as markets in the US, Germany, UK and China look very toppy.

I think it will go back below £7.00 soon as I think gold and silver are about to fall in price again. The silver charts look as if the price of silver could plunge to 10 bucks so. whilst FRES looks to be doing well as a company, I think the outside forces of the global commodity prices going down will take FRES down. Then again, the metals could shoot up next week if the DOW tanks. Let's see what happens in China on Monday morning.

Should get a close sub 2800 next week.

Dr, Copper and Nurse Iron might be going cheaper and cheaper according to Citigroup. If so, not good at all for the miners. RIO and BLT should be falling towards 52 week lows.

How about 120?

Iron price not looking good. Worth a read. http://www.zerohedge.com/news/2015-04-13/citi-writes-iron-ore-price-obituary

The COTs and the US Dollar play a big part in his analysis I think,

Clive Maund on silver - http://clivemaund.com/article.php?art_id=67

I think hope of a Glencore buyout is holding up Rio's share price - but I doubt whether Glencore could raise the financing for such a deal now.

Best of luck. You're braver than I am. I think you may be right.

Looks like silver and gold are heading back down again.

And this week the US Dollar will probably head down after the US jobs numbers on Friday. Then, if Greece does something 'wacky' the USD will shoot back up. Nuts eh!?

I think we are going to get a bounce in the US Dollar this week which push silver and gold back down IMPO.