Member Info for bonker99

JUST IN - Russian Deputy PM Alexander Novak threatens to embargo oil exports, halting gas supplies through Nord Stream 1 (n-tv)

Let's see if we can't get oil to $245.

It was a nice close and chunky trading too.

105p looks pretty solid from here imo:

https://twitter.com/bonker_99/status/1500887812140322828?s=20

Just The Money Guys doing what they do.

No question re the breakout here to my eye:

https://twitter.com/bonker_99/status/1500891268959846400?s=20

I would think so by the time this rise has topped out - it can replace POLY :)

My chart here:

https://twitter.com/bonker_99/status/1500894429116346372?s=20

LBMA suspended six Russian Gold & Silver refineries from Good Delivery to the London market - presumably that's also going to pressure the Gold price upwards.

Palladium backtesting the prior $2.9k high - I fully expect it to recover, and then some.

Russia said to be off the internet come Friday 11th - what happens to network difficulty then?

Indeed.

I only mention the 530p move as a short-term thing but it could come quickly - above there is a technical/triangulation breakout that could see this back to £7/£9 in short order.

530p coming imo.

You have to think investment rather than trader here IMO - that's not to say that she won't pop at some point, there's only ever so many shares to go around at a given price/timescale.

BTW - before I forget to mention it again - Russia are disconnecting from the internet (external connections) on Friday 11th so the planned "cyber attack" could come anytime soon so fill your car up/pull a big chunk of cash from the ATM stat IMO.

See what happens - I took a big chunk at 69p on the rising weekly MA20 - I still like 120s here ...

Thanks.

If Palladium doubles from an average of c$2.2k last year to my suggested target of c$4.3k then, all other things being equal, we can expect at least a 25% bump in the basket price which is a lorra wonga.

Platinum itself is +13%/+19% for the last month/3 months of course - presumably that's going to stay strong as we're very much in number-goes-up territory for the forseeable.

It would be nice to know the exact numbers but let's keep an eye on Gold/Oil - I'm as sure as I can be that oil money will go to gold money at some point, could be a while away of course but Gold back at $2k as I type and oil just softening a touch right now.

Oil at $130 is going to break lots of things so someone is going to have to talk to someone about that pronto.

What's the basket price split there in percentage terms?

Very nice pullback - +70% - new ATH for gas this morning.

Gold tapping $2k again last night is as psychologically important as it is anything else - bound to pull more money into Silver & Gold miners - Bitcoin looks to be in trouble too ...

Thursday 10th, sorry.

Gold tapping $2k as psychologically important as anything else - no doubt that will pull more money into Gold miners.

Who knows what happens next with Gold but with oil at $130 combined with the Russia stuff then risk-off would appear to be the name of the game for the forseeable.

I've no idea how the Fed raise rates meaningfully in this macro environment - US CPI drop on Thursday 10th, hard to believe that's going to soften anytime soon with oil where it is.

Gold tapping $2k as psychologically important as anything else - no doubt that will pull more money into Gold miners - I'm pretty sure we're seeing the start of the breakout here at 107p - who knows what happens next with Gold but with oil at $130 combined with the Russia stuff then risk-off would appear to be the name of the game for the forseeable.

I've no idea how the Fed raise rates meaningfully in this macro environment - US CPI drop on Thursday 11th, hard to believe that's going to soften anytime soon with oil where it is.

+11%/$3.36k - this is a new all-time-high for Palladium of course - looks like there's no chance of it dropping below $3k again - buckle up.