Member Info for bonker99

Morning.

QT expected to start today so , as, ever, assume the S&P is a proxy for Bitcoin - careful and watch around 2pm.

There goes the S&P & Bitcoin with it ;)

S&P needs to rip now ...

Morning.

It's always <1p in reality - all part of the game - large advertised spreads put off PIs from buying ;)

Nice move to $32k last night - a bit more than I was expecting but I'm looking for c$47k over the Summer anyway.

;)

Timely :)

"Germany's inflation accelerates to 7.9% in May YoY from 7.4% in April, highest CPI since start of the monthly statistic in 1963."

Love to know who the JP Morgan client with £600k in here is ...

Morning.

PGMs still looking perky this morning.

Morning.

So far, so good then.

Well let's see - great minds and all that - Elon tweeted this around the same time I posted my chart - funny old game.

https://twitter.com/elonmusk/status/1530516552084234244?s=20&t=TV5tkAAXe5Z9P0MYbqcZyA

Morning.

That it looks like the market has squeezed Argo down to 42p nicely in time for the new capacity at Texas to kick in over the next six months.

Likewise the Bitcoin price has been maneuvered in precisely the same way/at the same time to a c$26k trend line that I've been anticipating since last year.

I'm intrigued by the $10k student loan relief in September as part of Biden's vote buying as that's around the time we should be seeing at least a doubling of Argo's coining capacity - I'm anticipating whales pushing the Bitcoin price up substantially ahead of September to offload onto students and/or that student money keeping the Bitcoin price strong just as Argo are pulling in lots of new coins and ramping their HODL rapidly.

Either way, it looks a very nice setup from here and should start to play out by the end of June, if not before, IMO.

Afternoon.

My view FWIW:

https://twitter.com/bonker_99/status/1530529625683677184?s=20&t=bSO4EzdgOhPqL8l7FybYXQ

Hence the buybacks cos that cash is burning via inflation - may as well put it to some good use ...

PGMs looking a little perkier today.

Biden for/giving $10k per student debt loan - that'll keep inflation boosted nicely and, presumably, see them all raped again at some point if they buy the S&P with it but as the S&P is basically a proxy for the Bitcoin price then the short-term could go well for Bitcoin and ARB with it.

I think you all should sell your shares and stop wasting your time.

The One Eyed Man

"Incoming Czech Central Bank Chief to sharply increase Gold reserve holdings to 100 tonnes or more.
Currently the CB holds 11 tonnes been slowly adding to reserves after dribbling most of it away in the decades prior.
Big shift in policy!"

https://www.nasdaq.com/articles/incoming-czech-central-bank-chief-wants-more-stocks-gold-to-make-bank-profitable-weekly

Nice depth insight kadavul - thanks.

No :)

Everyone waiting for the number we don't know yet - the Dugbe DFS NPV which should be worth at least 2x the current mcap on its own at the current gold price.

Morning - that's a signpost for sure.