Just a heads up. Watch out for new trade deals with China
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2220 is about right for Anglo for bow. Any solid stimulus from China and the peice could go a lot higher.
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Could China be on the cusp of adding major stimulus. Xo missed his speach in South Africa yesterday. 1 in 4 youngsters are unemployed. The housing market is about to tank so doing nothing is dedinitely not an option. Ita not if bit when the stimulus package comes.
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The sell of is way overdone. A reraring should now take place .
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070823 - 2199 BUY!
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With a meeting of the Top Brass in china this week. The Chinese government is now expected to roll out more stimulus measures to support growth - a scenario that could spark increased copper imports by the country.
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Should tick over for a few days while the MM decide where we are going. 3334 is a solid target from here.
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I would fully expect some broker upgrades over the nwxt week. I wonder what the new price target will be. 3400 for me.
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Production figures tomorrow. The share price has been depressed for a long time. Dividend announcement on the 30th. Should all be positive.
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The wxcessive heat in china is causing mines to be closed as electricity is shut off to producers pf metals, and targeted at domestic consumers and businesses. This will cause a spike in prices for sure.!