Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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held these for many years ,and down considerable . am i right thinking that the city does not like this company ?, it gets going then someone kicks its teeth in ,,,or is it just me? . 'i liked its INDEPENDENT thinking one time and it made profits , but it seems THEY have never forgot or is it me ?
who is hiding with its boots on now i ask ,,,,ramp u may ,but bitten more than once ,,
good luck
Good afternoon Bo77'
Yes well put, something most of us on here can relate to.
There is a lot of Qatari investments in the city funds, not just slapped into Newcastle FC.
Back when Barcs BoD basically referred to Amanda Stavely as "Just a brass" was not the wisest of cracks to make.
It does not take much effort to screw over Barclays SP, it does not need someone to drop a hefty short on them either.
In fact if you are out of favour with just a few funds, your screwed.
That Qatari bailout basically saved a few Barclays heads, whilst screwing over us share holders.
Barclays even held meetings and advised, as and when they should off load most of the kitty !
Google "John Varley, trio in court" the resentment was clear, the Corporation & The BoE did not get their fingers in the pie.
Just DYOR on sovereign wealth (UK offshore trusts and safe havens ect) The BoE / tax havens / The City Of London's Corporation. Then the "penny will drop"
How many on here thinks Sadiq Khan's the mayor of London, he's just in charge of out factory.
In fact Im sure the job title should actually be "Logistic and transport manager"
Nicholas Lyons / Lord Mayor Of London . . . He's the kiddie on the block.
When you are out of favour, "your out of favour"
Barclays may as well just re brand themselves as Berkley's Bank for all its worth, they do not have any "Names" behind them anymore (Berkley as used in a ****ney tongue lol)
Off now as they're stirring over the pond.
Who said 1.72 was the ceiling??…
@ DB2014 - no one. Mr A said there is resistance at 172, I said there is a Quad Top at 173. There just zones for us chart traders to take extra interest in. The FTSE is a rocket at the moment, I'd like to see BARC closed above 173 and hold this tomorrow. Great for holders.
JayK: If 173p does hold today and tomorrow, what do you see happening, from a technical perspective? I had in mind circa 180p for an initial slice, but am not wedded to it.
Even though I specified a price, it will not be a fixed number but an area, The reason I saw this as an area of resistance is that since March 2022 @ 178p, we had 4 tests of this area and then the price reversed, 3 test of 173, and within the group of daily candles 2 tests of 175/178. It also looked the same as previous rallys, long green candles with little wicks. This deffo looks bullish but considering its a bear market I think we are now used to these rallies failing.
If an area is resistance, and price breaks above it, usually a rally up and then a drop to this area which acts as support. Hence you like to see the price extend and stay above the area that is now support, then look for the next leg up.
I don't have a price in mind, I'm just reviewing as it moves. At the mo I'd say we are at a key area, was not expecting the FTSE to be so bullish, its also at a key area of resistance, so if this falls Barclays will likely follow, we are only 250 points of an all time high! Gut feeling is the FTSE will retrace and so will BARC, however technically you be on the bullish side until you get a sell signal.
Sorry for the long winded response.
JayK, many thanks for your 16:20hrs post. Pretty much spot on with your views imho. As an observer, Not sure what is going on over the pond? I really need to check on the Inflation announcement dates, as if they have peaked as I believe they pretty much have, then they could be the key cause for a further short term leg-up?
Good Luck My Friend. Regards MrA
Evening MrA, The US has really be static this week, in a narrow range with no direction, even though Jobless Claims came in way lower than expected, and lower than previous, along with Employment change being way better than expected, most news events were positive yet today the price fell. US CPI is Jan 12th followed by GBP GDP on the 13th. Will have to keep a close eye on the US, as we know if the US sneezes the rest of the world catches a cold.