Member Info for Yezzerrr

Stronger dollar is a double edged sword, it does make glen more appealing on one hand destroys commodity prices with the other.

I don't think it's about the next rise. They've priced In .75 imo. It seems to be more when/where do the rate rises stop that's a problem for the global markets at current. How much demand do the fed kill in their inflation fight, how high does the dollar get, what's the next step in the war etc etc

It was always going to happen. I refused to buy the beans for my toast, just incase Glencore pulled the metal for the tin....

I've closed the position for a circa 11k loss. Apologies if this now drops as a result.

I've definitely learnt that lesson. It's bitter sweet as I do own shares just thought I'd found an opportunity to top that up.

I got absolutely slaughtered. Can anyone explain to me how/why Glencore is invincible?!? Commodities off their high, fed desperately trying to kill demand as they can't fix supply, China slowing down and a blockage at 2 of their mines. Glencore goes up against all of this. Back to beans on toast for me.

You didn't see the massive US inflation headlines? It's posted on almost any and every financial website going. It was on BBC news, sky news, CNBC. You name it, it was there. Date was released at 13:30

Looking around at various mining reports and the looming recession falling supply, falling demand. The next commodities cycle is going to be insane for glen. Under investment is going to be made worse by the recession once it's recovered wouldn't be surprised to see this hit £9 in 2025/26

She just "did" me look at that jump. ECB/Powell might save me. Copper is on a bit of a bender today and oddly BHP are going up on the back of it.

Round 2 tomorrow. Us markets are on a bender at the moment, feel like it may be short lived. Pound has recovered with commodities falling today that may also help. We will see

Stronger dollar, weaker commodities. Which can work both ways as it makes gpencore more appealing to the yanks. Furnaces/ smelters are starting to shutdown due to high coal/gas creating lower demand. China slowing down, fed about to hike rates, Boe about to raise rates QE hasn't even begun yet. I appreciate your views, potentially the only board I could post a shirt view without endless insults.

Brave or stupid, guess I'll find out. I plan to use any profits to bolster my "proper" gpencore holding.

With the cost of base metals slumping and the costs of production up massively I think we may be near an infliction point. I also take your point and understand glen deals in both the base materials and production materials.

Excellent company. Too many headwinds at the moment, can see this dipping back to 420. Hopefully I get burnt for you guys.

There is an old saying about blind people trying to show other blind people the way, can't remember the wording. Two mike's at a bar? What happens when you mix a psk and a Mike? Can't remember for the life of me...

I hate to be the person to ruin the joke Conger, red is well aware it's the wrong company... Oops

I believe it's a bit of you red_inky, check the weekly chart. Looks like a change of trend could be on the way too early to say for sure.

Hit the 8ma perfectly on weekly and dropped, plenty of time left in the day let's see if it can have a second attempt.

Mate it's honestly fairly simple. It's like pre ordering a TV or car. The shop sell you the product even though they don't physically have it. They go to their supplier and buy it from them for a lower price than you paid. They sold high to you and bought back lower from the supplier.

Craig Someone who sells stock they don't own to buy back at a future price hopefully lower than today's. Jeff and CW actually do understand how markets work. You'd do well to take notice of them. Although I don't agree with all of it, it is a money wheel with fear and greed being the driver. Have you never noticed how convenient excuses are made for market movements(not black swan events).