wastamoney
10 Nov 2017
Re: ANTO trades Hi Soi,Thanks for responding, I take your point on relative volatility of this share, hence only a modest amount bet. I would say my experience of SB is limited, been doing this for c6 months, using a limit risk account on IG to prevent using leverage (which I am wary of getting into). So far have been been up when just SB on shares I know (like NG. VOD. LLOY.etc) but am slightly down overall because I foolishly bet on the the DOW falling recently....I wont be betting on the any index going forward. A classic mistake I read warnings about, but still made!I see SB as an interesting addition to my main investment strategy, I primarily look for value stocks to buy and hold for capital growth and divi income. ATBWm.
soi
10 Nov 2017
Re: ANTO trades Good Morning WmThanks.On balance yes, probably worth a SB long at your stated level.581 or so.It is the share I`ve traded the most for about the last 4 years or so, it has been good for me although haven`t done quite as well with it recently as in the past.( Having to take tighter pts profits than what I would ideally like.)I`ve no idea of your experience with SB trading but would like to comment that if it is limited, ANTO can be one hard trade and one to be careful with.The moves, intraday and within just 2 or 3 days can be and have been very big..A 50/60 pt swing in a day not unknown, I`ve sometimes been on the wrong end of them, it`s not pleasant. Great when right though, hence the appeal.Nice to see you posting here ( and VOD )Any other questions, fire away, I`ll do my best to answer ( possibly not in live market hours though, often busy so would be following morning )Take Care & GLsoi
wastamoney
09 Nov 2017
Re: ANTO trades Hello Soi,Is it time to SB long at c981?. I have in a modest way and would like to get your view given you have judged this well previously (IMHO).Wm.
casabanker
07 Nov 2017
Re: ANTO trades Hello soi,I've been reading about copper becoming another precious metal. Ore grades are dropping and mines being worked out just when all of the cars are going to be all electric needing much more cppper. It's probably worth keeping some ANTO shares for the long term. I see you are continuing with the success trades both long and short on ANTO. So much so that you have a "bluey" from i-i-i. It must be the equivalent of a gold medal at the olympics.Casa.
soi
03 Nov 2017
Re: ANTO trades 999 short...........................993 limit filled + 6ATB soi
soi
03 Nov 2017
Re: ANTO trades 999 shortsoi
soi
02 Nov 2017
Re: ANTO trades 994 long.................1000 limit filled + 6ATBsoi
jackdawsson
01 Nov 2017
Re: ANTO trades "Central banks will achieve inflation at some point but I think they will have to use a different tool to achieve any progress. If QE was going to achieve it, it would have done so by now. One interesting hypothesis that I have come across is the reintroduction of gold as a currency base. Not the gold standard but a tie to the significant currencies including the dollar, yuan, rupee and maybe the rouble. Those currencies' countries hold the biggest percentage of gold bullion in the world. The price of gold could be fixed at maybe 30 or 40% of each currency. Obviously, the gold price would be much higher than it is currently. The reason for that is the supply of fiat money has increased many times over since the financial crisis.========== ========== ========== ========== ====Hi Casa,Thanks for some VG points re the rationale of gold as a currency base, et al. Interesting also about the extent of the role Japan's central bank has in their bonds & equities markets. I never knew it was as high as 80%. Though the background is now different, Japan also serves as a timely warning of what can happen when indices become wildly over-inflated, without robust economic fundamentals to underpin the extent of strong gains... as the US may be headed for with an unprecedented succession of record highs in both DOW & S&P 500 over recent months. It's sobering to read that in 1989, Japan's asset bubble saw their Nikkei index reach all-time highs of 38,957+. Today, it's still 22,420+.China's markets are also over-heating. Now at over 10 year highs due to record levels of govt debt taken on to meet their ambitious growth targets. This can't be good for their future generations. Re central banks in general & their aims to have controlled higher inflation to erode some levels of debt: I agree, different approaches seem necessary here. As we know, higher inflation is a double-edged sword. Fine if average wages also keep up. No so good if wages fall behind year on year, in turn leading to a rise in other forms of personal debt, as appears to be happening. That's without the still uncertain impact of Brexit, when it actually happens, on future levels of UK inflation, lasting over indeterminate timeframes, & probably leading to yet higher levels of personal debt. So I agree that markets, & not least UK's, have become extremely complacent about some key economic challenges lying ahead. All the best! - Kindly note, I'll be out for much of tomorrow so will catch up with some posts later.
casabanker
01 Nov 2017
Re: ANTO trades Spot on, Jack. When I pontificate about the threats to market stability, I tend to switch to the US market although, in the past, I was more concerned with the EZ. There are so many potential threats to market stability, any one could be the catalyst to disaster. The US market is so over priced but the US economy seems to be doing alright so investors keep buying expensive stocks while holding their noses. Japan is red hot atm which is not surprising given the amount of QE issued. Japan's central bank owns about 80% of government bonds along with substantial investments in equities. QE is still flowing so I have maintained two fund holdings namely BGS and Atlantis and both are significantly in profit. Again the economy is doing well but there is little sign of any inflation.Central banks will achieve inflation at some point but I think they will have to use a different tool to achieve any progress. If QE was going to achieve it, it would have done so by now. One interesting hypothesis that I have come across is the reintroduction of gold as a currency base. Not the gold standard but a tie to the significant currencies including the dollar, yuan, rupee and maybe the rouble. Those currencies' countries hold the biggest percentage of gold bullion in the world. The price of gold could be fixed at maybe 30 or 40% of each currency. Obviously, the gold price would be much higher than it is currently. The reason for that is the supply of fiat money has increased many times over since the financial crisis.tying currencies in this way there would be a much tighter control over credit. Not such a bad thing when you consider current public and private debt levels.Casa.
jackdawsson
01 Nov 2017
Re: ANTO trades "Thanks, soi. Investors are sanguine about high valuations and unperturbed over high debt levels. There has been much talk about interest rate rises both in the UK and US which usually means that currency strengthens. A stronger dollar normally results in weaker gold prices. However, the elephant in the room could easily be a sudden spike upwards in the inflation rate. I think this is on the horizon due to a tightening of the labour market. If immigration is more tightly controlled in the US as promised by DT, wages will increase inevitably followed by prices. This could easily be the picture in 21018. The Fed may not be able to keep pace with interest rate rises and, in any case, they will not want rates higher than 3% or the debt servicing costs will be too high.I see a correction coming but there again I have been seeing this for a few years now. It's hard to tell if that forecasted correction turns into something worse, particularly due to the widespread use of stop losses these days. Just my usual ramblings."========== ========== ========== ========== =======Hi Casa,I'm no longer involved here, bar catching up with others' trades & views, but on the whole I agree with you about a looming bigger correction likely across markets, rather than specific to ANTO or other copper miners. We know that some sectors are liable to escape greater damage & become defensive plays, but for other sectors I'm increasingly bearish for UK PLC & some of my recent trades reflect that. We have some classic indicators of this, such as massive complacency due to bullish sentiment, over-inflated UK housing, rising inflation, records levels of personal debt, huge Brexit uncertainties, mindful that Brexit hasn't even happened yet, & UKX still at very high levels, et al. There's only so many cracks that low Sterling can paper over, before the gaping disconnect between markets & UK's wider economy becomes too serious to ignore for more of the market's participants. Of course I could be mistaken, but I'll try to trade accordingly. - Regards & GL.
casabanker
01 Nov 2017
Re: ANTO trades Thanks, soi. Investors are sanguine about high valuations and unperturbed over high debt levels. There has been much talk about interest rate rises both in the UK and US which usually means that currency strengthens. A stronger dollar normally results in weaker gold prices. However, the elephant in the room could easily be a sudden spike upwards in the inflation rate. I think this is on the horizon due to a tightening of the labour market. If immigration is more tightly controlled in the US as promised by DT, wages will increase inevitably followed by prices. This could easily be the picture in 21018. The Fed may not be able to keep pace with interest rate rises and, in any case, they will not want rates higher than 3% or the debt servicing costs will be too high.I see a correction coming but there again I have been seeing this for a few years now. It's hard to tell if that forecasted correction turns into something worse, particularly due to the widespread use of stop losses these days. Just my usual ramblings.Casa.
soi
01 Nov 2017
Re: ANTO trades 976.5 long ( 27/10 )............................987 closed + 10.5Quite happy with today`s trades on this, back to previous form.ATBsoi
soi
01 Nov 2017
Re: ANTO trades 972.5 long..................982.5 limit filled + 10soi
soi
01 Nov 2017
Re: ANTO trades 963 long................978.4 cl. + 15soi
soi
01 Nov 2017
Re: ANTO trades 961 long............978.4 closed + 17soi
