Member Info for volcano

Silver may lead gold to lower lows Trading On The Mark - IF - Wed Nov 27, 10:00AM CST Article Comments (0) Although the price for silver is typically more volatile than for gold, technical analysis of the former can sometimes be predictive for the latter. We are likely to see that phenomenon again in coming months as both metals try to make new price lows. In particular, recent price signals in silver should put gold traders on alert to watch for a surprise near a support area that many traders are probably watching. Our analysis also suggests that silver price should fall relatively farther than gold, and thus it may offer better opportunities for trades. A possibility we have suggested in the past for gold is that the decline from the 2011 high might represent an Elliott fourth-wave correction, setting the stage for a rally into 2015 or beyond. If that is correct, then gold can’t slip below $1,103 without overlapping with what we believe was the first wave. Even for those who don’t use Elliott methods, $1,103 represents a very important area of support. However, there’s an alternative analysis for gold that would shake off most traders who try to use that area as support. The decline from 2011 may represent just the first part of a much larger, longer correction – something other than a fourth wave. If that is the case, then there is no requirement for the $1,103 level to hold. In fact, it is likely to be broken before gold sees any sizeble move upward. Gold monthly chart showing downward channel This year’s price action in silver lends more credence to the idea that gold may be tracing out an “A” wave of a larger correction. The 2013 low for silver breached the limit of $22.88 for its own price decline to be a fourth wave. Thus, silver’s decline from its 2011 high must be part of a larger structure, not part of a big five-wave advance. Based on examining the wave structure within the decline, we have projected a price target area from $11.93 to $14.20, as shown on the monthly chart below. An analysis of a weekly chart offers a more refined set of support levels and price targets. Silver is currently putting pressure on the $20.48 support level, and we expect it to cascade through one or more of the support levels at $17.53, $15.44, and possibly $12.77. In addition, one of the empirical cycles for silver on a weekly chart suggests it makes sense to look for continuation until sometime in the early part of 2014. A chart showing support levels and a more detailed Elliott Wave count for silver can be found in an extended version of this article on our website. Silver monthly chart showing target zone below

Support & Resistance More 2nd Resistance Point 61.500 1st Resistance Point 60.750 Last Price 60.000 1st Support Level 59.500 2nd Support Level 59.000

Futures MarketsView All Name Last Change Today Gold 1,245.7 +4.5 96% Sell Silver 19.930 +0.048 80% Sel

the dividend has been cut mate ,but in the 50s HGM is a bargain .

WASHINGTON (Alliance News) - Gold futures snapped two-day loss to end marginally higher Friday, even as investors weigh the minuted from the latest US Federal Reserve's policy review meet, with indicators the central bank could begin scaling down its monthly bond-buying program as early as January next year. Nonetheless, gold found some support after Atlanta Fed President Dennis Lockhart, interacting with CNBC, kept up his dovish tone, opining that the central bank will remain accommodative "for years." His remarks follow the minutes of the most recent Fed meet, indicating policy makers are now crafting their exit from the unprecedented support measures. Gold shed about 3.4 percent for the week, its biggest decline since September. Gold for December delivery, the most actively traded contract, gained USD0.50 to close at USD1,244.10 an ounce Friday on the Comex division of the New York Mercantile Exchange. Gold for December delivery scaled an intraday high of USD1,248.30 and a low of USD1,240.30 an ounce. Yesterday, gold extended losses to settle near a four-month low, mostly on some upbeat economic data out of the US, and as the Federal Reserve policy review Wednesday hinted at a possible taper to its quantity easing program sooner than later. In some positive economic news from the US, first-time claims for unemployment benefits fell more than expected in the week ended November 16, while producer prices decreased modestly in October on a steep decline in energy prices. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, edged down to 856.71 tons from 860.31 tons.

Name Last Change Today Gold 1,261.3 -12.2 96% Sell Silver 20.285 -0.049 80% Sell Corn 424-4 -1-6 96% Sell Soybeans 1276-4 +0-2 48% Sell Crude Oil WTI 94.34 +0.45 64% Sell

Support & Resistance More 2nd Resistance Point 69.657 1st Resistance Point 67.203 Last Price 64.750 1st Support Level 62.148 2nd Support Level 59.547

no funds to spare ,shame it was on my watch list for a long time .

not yet ,insted i have topped up on IMG.looks like it was better choice .

SUNDAY NEWSPAPER SHARE TIPS: Premier Oil, Man Group and SSE By THIS IS MONEY REPORTERS PUBLISHED: 13:06, 17 November 2013 | UPDATED: 13:08, 17 November 2013 2 View comments We round-up the Sunday newspaper share tips. This week: SSE, and dividend surprises from Premier Oil, Man Group and Antofagasta. Tips: SSE and Premier Oil feature in this Sunday's newspapers. Tips: SSE and Premier Oil feature in this Sunday's newspapers. Sunday Telegraph SSE Shares in energy giant SSE have dropped nearly 12 per cent since Labour pledged to freeze prices if it wins a 2015 general election. The group's income is more reliant on its UK electricity business than FTSE 100 rival Centrica, meaning it is most exposed to political interference. Its 8.2 per cent tariff rise has just taken effect and half-year results were better than expected though profits fell 12 per cent to £354 million and the energy supply arm recorded a £115 million operating loss. More... MIDAS SHARE TIPS: Startling payouts show confidence in future ... and may herald share rises Share dealing service with £12.50 flat-fee and 0.5% dividend reinvesting 0% commission on Isas and funds purchased through our Fund Supermarket SSE has a long-term policy of increasing dividend by at least RPI inflation, and on Wednesday stuck to its guns with a 3.2 per cent interim hike, while guiding that it would deliver above-inflation increases for the full year and in subsequent years. Key indicators of the political landscape include a forthcoming Ofgem ruling on SSE's distribution network spending proposals, and reaction to an expected cut in Government green levies on bills. SSE says it will respond with a price cut but further pressure could mount even before Labour's possible price freeze. Power plant investments are on hold and look more uncertain in the current climate. SSE's dividend is attractive and its shares have already been heavily sold but given the risks it remains a HOLD. Mail on Sunday - Midas A new Midas column which started today identifies firms in the FTSE 350 that have a reputation for beating expectations when it dishes out dividends. Premier Oil The oil and gas group has assets in the North Sea, South-East Asia, Africa, Pakistan, Brazil and the Falkland Islands and is already producing 60,000 barrels a day. However, chief executive Simon Lockett has big ambitions for the business, aiming to produce at least 100,000 barrels a day over the next three to five years. Increasing production at such a rate is a tall order, but the company has pulled off a similar increase before, having doubled production between 2005 and today. Given the company’s exploration agenda, few analysts were expecting much on the dividend front. But Lockett paid a 5p maiden dividend this year, seven times higher than brokers were forecasting. Looking further ahead, production of 100,000 barrels a day would produce turnover of about £1.5 billion a year

HTTP://www.cambridge-news.co.uk/Business/Private-Punter/

Nov 14, 2013 Pace PLC Q3 Interim Management Statement -

Broker Recommendations for Talktalk (TALK) Date Broker Rating Old Target New Target Change 12-Nov-13 Jefferies Buy 335.00 335.00 Reiteration 12-Nov-13 Credit Suisse Outperform 275.00 275.00 Reiteration 11-Nov-13 Goldman Sachs Buy 310.00 310.00 Reiteration

TalkTalk Telecom Group Receives Buy Rating from Goldman Sachs Group Inc. (TALK) Posted by Nolan Pearson on Nov 11th, 2013 // No Comments TalkTalk Telecom Group logoTalkTalk Telecom Group (LON:TALK)‘s stock had its “buy” rating reiterated by research analysts at Goldman Sachs Group Inc. in a report released on Monday, AR Network reports. They currently have a GBX 310 ($4.96) price target on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 24.70% from the stock’s previous close. TALK has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of TalkTalk Telecom Group in a research note to investors on Friday, October 25th. They now have a GBX 150 ($2.40) price target on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of TalkTalk Telecom Group from GBX 185 ($2.96) to GBX 175 ($2.80) in a research note to investors on Friday, October 18th. They now have a “sell” rating on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of TalkTalk Telecom Group in a research note to investors on Tuesday, October 15th. They now have a GBX 240 ($3.84) price target on the stock. Five analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 256.32 ($4.10). TalkTalk Telecom Group (LON:TALK) opened at 246.565 on Monday. TalkTalk Telecom Group has a 1-year low of GBX 186.60 and a 1-year high of GBX 277.50. The stock’s 50-day moving average is GBX 255.4 and its 200-day moving average is GBX 243.7. The company’s market cap is £2.199 billion. TalkTalk Telecom Group PLC is engaged in fixed line voice and broadband telecommunications businesses in the United Kingdom.

how can you have so much debt ----------------------------------------------------------------- Debt update At the end of June 2013, Essar Energy had underlying net debt (excluding working capital loans) of US$6,660.8 million, which is in line with our plans. The underlying net debt at the end of Q4 FY2013 was US$6,740 million. The fall in net debt in dollar terms during the quarter was due to the significant depreciation of the Rupee, which has continued since the period end. Essar Oil announced with its Q1 FY2014 results on 14 August that it had completed the conversion of a further US$340 million of its Rupee debt into US dollars. This takes the total converted into US dollars to US$821 million, all at significantly lower interest rates. Discussions continue with banks regarding further dollarisation of Essar Oil's debt. At Essar Power, two Rupee bonds have been issued to date, of c.US$105 million (Rs.6.29bn) and c.US$125 million (Rs.7.5bn), and more are expected to follow, with an intended total of c.US$830 million (Rs.50bn). The proceeds will primarily be used to make repayments on existing project loan facilities within the power business, mainly in relation to our coal-fired power projects, and will extend repayment maturities and reduce interest costs

MIDAS SHARE TIPS: Undervalued banana supplier Fyffes is a bargain bunch - with a rising dividend to boot By JOANNE HART, FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:21, 9 November 2013 | UPDATED: 08:59, 10 November 2013 2 View comments Bananas are the most popular fruit in the world and more than 100billion are consumed every year. Fyffes is the leading supplier in Europe and ranks number four in America. At 69p, the shares do not reflect the company’s position, but chairman David McCann is determined to rectify this and the stock should benefit. Fyffes has a colourful history dating back to 1880, when EW Fyffe Son & Co received the first commercial delivery of bananas from the Canary Islands. Ripe: Fyffes has a history that stretches back to the 1880s Ripe: Fyffes has a history that stretches back to the 1880s Today the business has operations in Europe, the US and Central and South America, selling not just bananas but pineapples and melons, too. The company sells more than four billion bananas a year in Europe, about half of which are consumed in the UK alone. It is the number one distributor of melons in the US and it ranks number three there and in Europe for pineapples. More... FYFFES SHARES: Check the latest price here DIY share dealing: Buy and sell for a flat £12.50 with cheap dividend reinvestment For many years a UK business, Fyffes was bought by an Irish food group in the 1980s, so it is now listed in Dublin and London and reports in euros. Pre-tax profits last year were €27million (£22.5million), this year they are expected to be €27.6million and in 2014 they are forecast at almost €30million. Dividends, paid in pence to British shareholders, are forecast to rise from 1.7p for 2012 to 1.9p for the current year and 2.2p for 2014. Growth this year has been held back for four principal reasons. First, most of Fyffes’ costs are in dollars but its sales are largely in euros and pounds, so it was affected when the US currency was strong earlier in the year. Second, the group has historically bought most of its bananas from local farmers in Central and South America. Prices have been rising and Fyffes has been unable to pass on all its increased costs to customers. Third, transport costs have been rising, and fourth, the long winter in Europe reduced consumer appetite for fresh fruit. Next year and beyond, however, the situation should be much improved. Fyffes already produces all the melons it sells and about 60 per cent of its pineapples, but it is responsible for just 5 per cent of banana production. It is keen to increase that percentage, giving it greater control over the entire sales process. Foreign exchange markets are also moving in Fyffes’ favour as the euro and sterling strengthen against the dollar. The company should benefit, too, as the economic situation improves in the UK and across Europe and household budgets gradually become less stretched.

Broker Recommendations for Halfords (HFD) Date Broker Rating Old Target New Target Change 07-Nov-13 Investec Securities Buy 460.00 520.00 Reiteration

4p seems to be good entry point .

WOW

i do not know what they are talking about ,since the float the shares doubled