Member Info for bonker99

I don't get the penny flipper thing tbh given most of my holds are months/quarters+ but whatever :)

The "tight supply" of oil is of course complete BS but that's neither here nor there because there's bigger fish to fry:

Must..have..inflation..

Wrong on Gold & Silver?

Blimey, that's proper full-on made up nonsense ;)

You've just listed four reasons to be bearish on oil and it's still going up as I type

You're welcome ;)

I had a glance at the asset valuations based on quoted NPVs the other day and can see why they're parking this at a £25m mcap - someone mentioned a c2.5p target earlier and that's bang-on to my eye but that's assuming these assets actually exist etc :)

Anyone catching Gold/Silver juniors at the right time will do extremely well in the coming year IMO - whether this is one of them I've no idea but I've had a punt at 65 with no more than I can afford to lose entirely.

Certainly going well again now ...

I'm well aware of the history here but there's so much fighting on this board that I'm starting to wonder if something really is actually about to happen here for once ...

No questions DD but oil appears to have not got your memo.

PS: nice attempt at getting people out of FRES at the 640s bottom too lol

Whoosh

Yup.

Super chart breakout here.

https://twitter.com/bonker_99/status/1664243938591404032?s=20

Yup

Oil certainly getting battered ahead of the SPR refill - wonder if they'll get it to print $60 then blammo ...

I'm fully aware of what the PMI is tvm mate ;)

Anyone expecting China and the US to move at the same speed as each other going forward is in for a surprise IMO but regardless, an unexpectedly positive PMI for a nation importing north of 10m barrels per day is not to be ignored.

https://www.reuters.com/markets/commodities/chinas-2023-crude-oil-imports-set-62-rise-risks-prevail-russell-2023-03-28/

CHINA MAY CAIXIN MANUFACTURING PMI 50.9; EST. 49.5

:)

The West need whatever it takes to send oil sky-high, period - I wouldn't take a blind bit of notice of the headlines any more than I would the Ukraine debacle - if the fix is in (and it needs to be ...) then the fix is in, period.

2.5mb SPR draw - they said they'd refill in June - just as inflation is cooling off - go figure ...

Couple of charts here - Oil & (a very tasty looking) HBR:

https://twitter.com/bonker_99/status/1664026919174651906?s=20

It begins.

"In 23 years covering OPEC, this is a first.

Under pressure from Saudi Arabia, OPEC has banned journalists from Reuters, the Wall Street Journal, and Bloomberg (including myself) from attending the group’s ministerial meeting in Vienna this weekend"

Oil caught a bid because of the big adjustment on oil usage from the yanks - they've been putting out low numbers to dump the price ahead of the SPR refill - cat out of bag now though.

190s more like ...

Nice candle on oil ...

Yup - 5% off the low now and still going.