Member Info for Auson

In a couple of weeks time we could have Brent touching $80 and an arbitration award.

Stock on loan increased to 7.08% at end June from 6.56% end May and 4.91% end April.

Got to be massive short pressure building here.. unless the shorts are right.

Higher market cap is only going to make Petrofac appear more able to pay a large fine. Just my 10cents

CHRIS55,
Fresnillo Brokers
Name Activity Type Mnemonic Code
Canaccord Genuity Limited Market Maker(MME) Broker/Dealer CANA HOARGB21001
BMO Capital Markets Limited Market Maker(MME) Broker/Dealer BMCM NETHGB21
Citigrp Global Mkt UK Equities Market Maker(MME) Broker/Dealer CITI SBUKGB21
Winterflood Securities Ltd Market Maker(MME) Broker/Dealer WINS

bonker99,

CFTC showed a reduction of 43,200 gold futures contracts at end of last week, so after/ during the $100 dollar price drop. So $0.5b sounds a little on the low side to me.

bonker99,

Back test of June 2020's Gold price then resume upward trajectory ?

For a move up. Brent at $75 and total shorts seem to be reducing. Stock on loan down to 10.38% at end May from 12.77% end April and 15.13% end March 21

JMT1234,

As of end May 21 stock on loan
FRESNILLO USD0.50 12095439.71 184155692.9 6.56%
Up from 4.91% at end April 21

CAINO_WINS,

Yes it would. That 6.5% figure ( from euroclear com ) is not a net short position but it is the stock out on loan. Somethings going on thats for sure.

BCrader,

As I have stated on here before my take is this due to the increase in stock lending nearly 1.5% over the last month alone up to 6.5%. Low dividend and low free float make it easy/ cheap to short. Shorters front running the MSCI selling and saw no reason to close yet. They could be using it as a hedge to a long Silver position or a FRES bonds position.

The shorters are in control , but they have been reducing.

Hi Adrian77,

Did you keep the £20k you bought at 106+, where did you put your stop loss ?

Those pesky shorters doing a fine job of to holding the price down INMHO
Gold and Silver due a bounce so should rise up to high 800s pretty quickly after that.

Adrian77,

Yesterday you thought Gold was going to $1700 and CEY to 80p.
Today you buy £20ks worth at 106p + ?

perma.bear,

The Gold backed Petro-Yuan will be the first challenge. Surely the reason the Dollar is king is because the US has the largest military spend ? Whats going on in the world right now especially with China/ Russia, Iran I think it will be challenged.

carvegyber,

If interest rates are due to rise you will be getting more interest on holding Dollars.. in the future hence more demand for dollars.
With US national debt at all time highs they cannot afford to raise rates in my view.

FireAnt,

I've just checked on IG and they are not accepting any spread bets on Centamin.. which is weird ?

Adrian77,

What price will you be buying in at ?

perma.bear,

Any thoughts on JPM and their massive physical Silver holding ?

Hi TornadoTony,

Do you really see CEY only at 130 this year, how about if we see POG at $2150 ?