Everything Resources
#1
I thought it might be good to have a thread dedicated to Resources and resource related stocks.

I was inspired by this tweet - https://twitter.com/Richards_Karin/statu...4123588608
Quote:Many ignore resources because they were up >100% last year. Fact is that major cyclical up-trends last at least 2 to 3 years. Not one.

Use this thread to discuss Resource spot prices and Resource stocks.
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#2
I am still contemplating whether or not I should climb into Kumba Iron Ore

It seems like they still have a massive bull trend waiting to be hit.

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#3
Resource related stocks has bitten me in the ass so many times before, which wouldn't have been the case if I stuck it out for a few months longer each time.

The likes of Kumba (KIO) ,Glencore (GLN), Harmony (HAR), Sibanye (SGL) , DRDGOLD (DRD) ,African Rainbow Minerals (ARI), Jubilee (JBL) and lets not forget Lonmin (LON) has given me many highs and lows over the years.

Since then I have trimmed back almost all resource related stocks, apart from PPC (not sure if that's considered resources though)

#4
(02-07-2017, 04:16 PM)Platinum Wealth Wrote: I am still contemplating whether or not I should climb into Kumba Iron Ore

It seems like they still have a massive bull trend waiting to be hit.

Even after the recent SARS ruling against them?

#5
(02-07-2017, 04:27 PM)Purply Wrote: Resource related stocks has bitten me in the ass so many times before, which wouldn't have been the case if I stuck it out for a few months longer each time.

The likes of Kumba (KIO) ,Glencore (GLN), Harmony (HAR), Sibanye (SGL) , DRDGOLD (DRD) ,African Rainbow Minerals (ARI), Jubilee (JBL) and lets not forget Lonmin (LON) has given me many highs and lows over the years.

Since then I have trimmed back almost all resource related stocks, apart from PPC (not sure if that's considered resources though)

Hahahaha Definitely, but these are the stocks you "trade" so to speak. NOT long term buy and hold stocks.

Example KIO, If I was wise and bought them a year ago:

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Question is, will KIO hit R500 bucks if I climb in at R180
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#6
I had KIO last year @ R90, but then it kept on falling and falling, so eventually just pulled the plug @ R75 (lots a big chunk there, but have made it all back eventually elsewhere)

By far the biggest mistake I have made thus far and not one I will be making again anytime soon as I've learnt to be patient since then.

That being said, I have vowed never to put anything into KIO again, regardless of how juicy it looks.

#7
What is the thoughts on Platinum?

Seems to be at a low and might pick up?

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Wonder if we will see $1,155 per ounce (R15 550)

What are the platinum stocks besides Implats, lonmin and Anglo?

I am thinking of getting into Anglo American Platinum for the next 16 months (Going long on platinum)

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#8
I have implats, been up and down, but will stick it out.

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#9
(02-07-2017, 09:45 PM)greglsh Wrote: I have implats,  been up and down,  but will stick it out.

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Certainly interesting concidering the current levels, but the overall image of implats to me looks like a failing business, I am new to resources so I am still struggling to make any sense of this sector since it just raises one red flag after the next in my brain Smile 

I am such a noob still!

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#10
AFAIK Implats have Zimbabwe ties, so I personally wont touch them.

Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng

But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more.

Their share price is at it's lowest it's been since forever.

#11
(02-08-2017, 07:47 AM)Purply Wrote: AFAIK Implats have Zimbabwe ties, so I personally wont touch them.

Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng

But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more.

Their share price is at it's lowest it's been since forever.

When people refer to steel are you in fact talking about the Iron Ore price?

I get so confused with this because I never see steel charts 

Example: http://www.infomine.com/investment/metal-prices/

#12
What are the uses for Rhodium?

I see the Rhodium price is very low, anything that can make this the second gold rush?

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#13
(02-08-2017, 10:18 AM)Noobly Wrote:
(02-08-2017, 07:47 AM)Purply Wrote: AFAIK Implats have Zimbabwe ties, so I personally wont touch them.

Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng

But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more.

Their share price is at it's lowest it's been since forever.

When people refer to steel are you in fact talking about the Iron Ore price?

I get so confused with this because I never see steel charts 

Example: http://www.infomine.com/investment/metal-prices/

Iron Ore and Steel are two completely different things.

http://www.tradingeconomics.com/commodity/steel
http://www.tradingeconomics.com/commodity/iron-ore

#14
(02-08-2017, 10:58 AM)Purply Wrote:
(02-08-2017, 10:18 AM)Noobly Wrote:
(02-08-2017, 07:47 AM)Purply Wrote: AFAIK Implats have Zimbabwe ties, so I personally wont touch them.

Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng

But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more.

Their share price is at it's lowest it's been since forever.

When people refer to steel are you in fact talking about the Iron Ore price?

I get so confused with this because I never see steel charts 

Example: http://www.infomine.com/investment/metal-prices/

Iron Ore and Steel are two completely different things.

http://www.tradingeconomics.com/commodity/steel
http://www.tradingeconomics.com/commodity/iron-ore

Well Iron ore is used to create steel so of the two I would rather invest in Iron Ore ie Kumba?
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#15
(02-08-2017, 01:26 PM)Spreadsheet Ranger Wrote:
(02-08-2017, 10:58 AM)Purply Wrote:
(02-08-2017, 10:18 AM)Noobly Wrote:
(02-08-2017, 07:47 AM)Purply Wrote: AFAIK Implats have Zimbabwe ties, so I personally wont touch them.

Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng

But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more.

Their share price is at it's lowest it's been since forever.

When people refer to steel are you in fact talking about the Iron Ore price?

I get so confused with this because I never see steel charts 

Example: http://www.infomine.com/investment/metal-prices/

Iron Ore and Steel are two completely different things.

http://www.tradingeconomics.com/commodity/steel
http://www.tradingeconomics.com/commodity/iron-ore

Well Iron ore is used to create steel so of the two I would rather invest in Iron Ore ie Kumba?

I feel Kumba has peaked, it's already grown 500% in just over a year or so, why on earth would it go even higher?

Kumba Iron Ore Ltd: Further Gains Are Underway
[Image: time.png] 1 February 2017 Moxima Gama
BOTTOM LINE: KIO has broken out of its long-term bear trend
(Click image to enlarge)
[Image: image01_010217(2)sm.jpg]

Possible scenario:

We had recommended a long position in November last year, and KIO confirmed a positive breakout of its inverted head and shoulders pattern above 13,300cps. After testing our first target at 17,710cps, we suggested investors close positions because the 3-week RSI was overbought - and then go long on a recovery.

Our second target was at 19,965cps, and KIO is trading above that level. Despite the overbought RSI, we expect KIO to trade towards 25,835cps, so stay long or go long.

Alternative scenario:

Close positions on a reversal below 15,260cps. Downside to - and possibly through - 13,300cps could ensue.






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