Eurasia Mining 23/12/2020

#FTSE #DOW A lot has happened in the 4 months since we last reviewed Eurasia, not least today (Tuesday) being woken at 6am by grandchildren arguing. Thanks to forthcoming travel bans, a good idea of bringing Xmas day forward to allow family to visit, cause chaos, eat too much, stay a few days and drive home in time for the UK Govt establishing internal blockades here on ‘Plague Island’ (thanks, NY Times!) ensured we did a “Proper Xmas” 3 days early.

Somehow, the bit I hadn’t factored in was the need to work after dinner. Some other family, somewhere else in the UK, must have (sub 9y/o) girls who’s great idea to allow an escape from the dinner table was something they called a Maths Quiz. This act of arithmetical nastiness proved horrifying, especially after suitable wine consumption during the day. Thankfully, as I write this, the other 3 adults remain trapped at the dining table, doubtless enjoying the gleeful shrieks from the girls as yet another wrong answer is supplied.

There’s something wrong with kids today, if a “Maths Quiz” is regarded a good idea…

 

Platinum and gold producer, Eurasia, achieved our initial target level postulated in August and while it came close to our secondary of 45p, it’s a worry the mid-price only achieved 44p before tumbling back to the 30p level. Perhaps it was a calibration error but we doubt it. Unless the company make a faux pas, once it started trading beyond our initial target level, continued travel to 45p was pretty inevitable and we suspect it’s ‘just’ overall market conditions provoking hesitation.

The situation now is pretty useful, movement next above 43p suggesting ongoing travel to an initial 57p with secondary, if bettered, at a longer term 77p.

To finish on an easy note, the price needs fall below 26p to now cause utter panic.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:49:35PM BRENT 49.95 49.55 49.275 48.66 50.63 50.71 51.155 51.68 50.02
9:52:06PM GOLD 1860.08 1858 1848.5 1829 1873 1884 1892.5 1904 1866 ‘cess
10:02:23PM FTSE 6458.84 6363 6316.5 6209 6438 6466 6477.5 6515 6405
10:04:36PM FRANCE 5468.7 5401 5394.5 5367 5453 5477 5506 5536 5432
10:06:47PM GERMANY 13406 13337 13296.5 13248 13406 13446 13566.5 13741 13347
10:08:28PM US500 3683.47 3672 3659 3644 3698 3704 3715 3753 3673
10:10:27PM DOW 30016 29980 29816 29652 30160 30311 30384.5 30705 30070
10:33:21PM NASDAQ 26531 26348 26295.5 26084 26531 26632 26705.5 26825 26483

 

 

22/12/2020 FTSE Closed at 6453 points. Change of 19.66%. Total value traded through LSE was: £ 4,676,737,915 a change of -29%
21/12/2020 FTSE Closed at 5393 points. Change of -17.4%. Total value traded through LSE was: £ 6,586,656,478 a change of -30.25%
18/12/2020 FTSE Closed at 6529 points. Change of -0.34%. Total value traded through LSE was: £ 9,442,789,780 a change of 73.6%
17/12/2020 FTSE Closed at 6551 points. Change of -0.29%. Total value traded through LSE was: £ 5,439,357,090 a change of -30.57%
16/12/2020 FTSE Closed at 6570 points. Change of 0.88%. Total value traded through LSE was: £ 7,834,302,099 a change of 42.32%
15/12/2020 FTSE Closed at 6513 points. Change of -0.28%. Total value traded through LSE was: £ 5,504,806,685 a change of -17.61%
14/12/2020 FTSE Closed at 6531 points. Change of -0.23%. Total value traded through LSE was: £ 6,681,528,209 a change of 9.32%

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