Mining

If you are impressed with the performers on ‘Britain’s Got Talent,’ wait until you see the stars that Glencore Xstrata (LSE:GLEN) is bringing the to stage!  The Company’s share price, which has lagged since the merger, was up modestly this morning by 0.48% to 303.95, a 1.45 pence increase. As predicted back in April, many […]

Goldplat stock (LSE:GDP) has been in a bearish mode since the last year and it has remained so till now. This is bias that would inevitable continue. The EMA period 50 has been sloping downwards for the most part of this year. Historically, any rallies – which were few and far between – had given […]

Today is 31 May 2013.  Bumi (LSE:BUMI), the bane of Nat Rothschild’s existence, has, at long last, released its final report for the year ending 31 December 2012.  Its share price did absolutely nothing for the 39th consecutive day because trading of Bumi shares was suspended on the London exchange on 22 April for the […]

In spite of the recent downtrend and the current turbulent volatility in the market, Leyshon Resources (LSE:LRL) is going north. The price had already been making some northward attempt in this month, before it gapped upward earlier this week. Whether the gap is filled or not, there is a northward determination in the market. Here, […]

Randgold Resources (LSE:RRS) has been in a clear downtrend. From the year 2012; and so far in this year, this statement has been true. Any rallies have proven to be short-term in nature, giving nice opportunities to go short at dearer prices. It can be seen that the EMA 21 has long been sloping downwards […]

In a bold and stunning presentation today, BHP Billiton (LSE:BLT) lived up to its slogan of “Resourcing the Future“.  In its coal review, the company revealed that it is shifting gears to align the company operations to be  in snyc with their projected outlook for supply and demand for metallurgical coal. Frankly, I am impressed […]

A roller-coaster ride for markets this week and a perfect example of how important central bank communication (read US Federal Reserve) has become and how markets can move indiscriminately on changes in sentiment regarding the future of the highly accommodative monetary policy  (read Fed’s QE3), something that has supported the global rally and recovery hopes […]

This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]

There is a decoy on GCM Resources (LSE:GCM). In fact, this is an ominous trap for unwary traders who make decisions based on emotions. The dominant bias on the chart is southwards, and there is no end in sight right now. It is presumed that speculators are aware of the fact that a bias alternatively […]

Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]