Member Info for bonker99

Chart:

https://twitter.com/bonker_99/status/1417568296661028870?s=20

"Extremely Disconnected" Energy Stocks Face Explosive Short Squeeze: JPM

https://www.zerohedge.com/markets/extremely-disconnected-energy-stocks-face-explosive-short-squeeze-jpm

Who knows but Brent's daily RSI is at 33 so, y'know, +$40 is very doable from here IMO.

Yields plummeting and they've just tanked Gold - what a sh*tshow this all is.

Oil bouncing nicely - perfectly possible we're back at 60s in a few weeks IMO.

I also have a 2023 timeline for the current nonsense to end so, yes, all eyes on 2023.

I'll be brushing up on my Mandarin in the meantime obvs.

@Shaun - I understand.

I think most people, however, don't have any idea at all of what's coming down the road and just take in what "governments" and "Central Banks" spout, hook, line and sinker so better prepped than wrecked IMO - if at all possible.

Sorry, multi-tasking error - it was here :)

https://imgur.com/a/rNiZXB0

Notable as in June 2021's physical gold purchase was their biggest since the end of 2000.

Let's call them a bellwether and take note of the 7x they achieved over the following decade so when I suggest $2.5k/$4.5k targets for Gold, pushed back on in here recently, I was being conservative because I think, given enough time, it's going to $10k.

I'll give you a hint - it was here:

https://imgur.com/a/fyB9C5i

I know they did.

Do you know the tale of the Brazilians last notable physical gold buy back in the day?

DXY and Gold both moving up with each other again ...

$1,823

Well it can be :)

As I say, the last gap I recall here was around a penny - I *think* it was 1.10p exactly but I don't have the old MVR chart to be able to verify that.

I've nothing else to add to that other than if you think, for currently unknowable reasons, why this may suddenly put on a multi-bagging surge over the next 3-6 months then perhaps 6-10p is on ;)

No doubt there's "something" going on in the background and, yes, you've always got to assume that a raise could come at anytime and any price in any company :)

Here's the thing though, we're clearly building a significant cash warchest and we've just bought a very promising Gold project with a bunch of our shares priced at 28p and those guys are locked in for a year.

I'm well aware of the shenanigans that go on behind the scenes but do you not think the above tends to suggest that a raise below 20-something seems unlikely?

Yup, I agree but by the time we get that LoM extension (which looks very likely going by the stellar SE drilling results), plus hopefully an even lower AISC plus what looks like an inevitable steep increase in the price of gold we'll all be paying 50p per share, not 20p, and I think that £20k buy at 20.08p agrees with me.

Anyway, I've added again today - I've seen enough - on a risk/reward basis this looks too good to turn down at this mcap.

Morning.

IIRC, the last weekly gap-fill remaining on the old MVR chart was at 1.1p which they printed yesterday.

What happens next?

RSI @ 16!

I think it should also be noted that the AISC dropped against a background of epic inflation - many miners will struggle to keep their input costs stable in this environment so to knock $108 off the AISC is all the more impressive IMO.

Got to feel more confident here now as the cash builds, the projects grow and the Gold price, inevitably, rises going forward.

Couldn't ask for more than that - increased production and the lowered AISC we've been waiting a long time for.

Crazy value @ £78m mcap ...

Brent's hourly RSI is now at 17 :)

That doesn't mean it can't go lower but they'll likely have to bounce it at least a couple of Dollars soon - FWIW, $64/67 would be my worst-case numbers from here and then something else will happen IMO, like perhaps a very big move the other way, setting another new high in the process.

Gold is tough to read of course because of the incredible manipulation - I am, however, eyeing possible triangulation on Silver suggestive of a break to/wards $35 in September if that has anything to it :)

A few FinTwits have noted the bigger goldies holding up vs the bloodbath everywhere else - it would be about bleeding time of course ...

Anyone else smelling a "moment" here?