Member Info for bonker99

Morning.

Songwe is worth/saleable @ £140m / 57p.

GOLD

GOLD

Morning.

That 30% hedge is likely to cost somewhat over the next couple of years IMO but it's at a decent price and if it clears the fog from now then it's probably a good move.

Another (NYC) bank closed last night - they're bailing the depositors out (so far ...), it's going to be an interesting month or two - CPI tomorrow.

That's a signpost - I know from my own research that China cut Japan off back in the day.

If countries are seen to be spending money to diversify their rare earths supply right now then that has to bode well here.

Er,. that would be the bank run that's continuing in the US today - other banks are tumbling now and it looks like SIVB may be toast - GS said to be brokering for a buyer of them lol

I have a 13s average so hardly throwing the towel in yet - I stopped doing short-term trades a very long time ago - my Gold win timeframe is 2025/2026.

Keep an eye on Gold while this banking crisis is just getting going ...

And if the big (I.e. WEF) banks don't want the smaller banks to survive?

These P&Ds always end up the same way - hope there aren't too many of you caught in it.

And so it begins ...

Initial Claims 211K, Exp. 195K, Last 190K
Continuing Claims 1.718MM, Exp. 1.660MM, Last 1.649MM

It's a 4x from here - period.

Good work BTW guys.

Perth Mint caught with their hand in the till - again:

https://www.abc.net.au/news/2023-03-06/perth-mint-gold-doping-china-cover-up-four-corners/102048622

Don't worry - the WEF's Reuters has your back:

"Oil Reverses Slide After Reuters Says WSJ Report Of UAE Leaving OPEC Is "Far From Truth""

Biden looking to refill the SPR no doubt - it's reported by the WSJ PMSL so .........

WTI Oil Drops 2.3% to $76.36 After WSJ Reports 'Growing Rift' in OPEC

23p/35p sorry :)

Depends on your perspective but in theory after their initial 12-month lock-in on selling shares they could have contributed to the pummeling of the SP this past year then choose to load up again at single digits, which they clearly are.

Who knows but they're a big buyer now so presumably that bodes well.

23p/55p.

U.S. SECRETARY OF STATE BLINKEN: WE WILL NOT HESITATE TO TARGET CHINESE COMPANIES AND INDIVIDUALS WHO VIOLATE OUR SANCTIONS ON RUSSIA

US vs China rhetoric is heating up nicely - won't be long.