Member Info for ddubya

No one likes it when value drops but today’s initial drop has been trimmed to around 1.5% currently, which is a little better than I expected.

We are still making serious profits and so should fare better than many other equities, where reduced profits follow higher oil prices.

Also of relevance is the strength of the dollar relevant to other currencies, as measured by the DXY. It had gained strength post the attack on Iran but has recently grown a little weaker. This has supported precious metal prices in anticipation of more buyers paying for oil, other than by the US Dollar.

Trump’s recent agreement to negotiate around the (previously rejected) 10 point Iranian framework also seems to be restoring precious metals as a safe haven so at the moment we seem to be doing relatively well to my mind. No doubt we should expect more volatility though.

That’s pretty much the way I see it Captain.

In two weeks Trump hopes we shall have lost interest. He wants a way out and whilst we need to wait and see, I predict the outcome will be more favourable for Iran.

Meantime, this is a FRES board and so great to see today’s recovery. Hopefully, some gains to be made in the days ahead too.

You don’t say what part(s) you disagree with or why, just call it all a pile of 💩. If you can’t do that why post at all?

I do know a fair bit about the ugly Iranian regime but it looks like you are the ill informed party. Give us the facts to support what you say rather than bluster 😃

The Iranian regime is a genuine threat but Trump’s misguided and ill conceived actions have only strengthened Iran rather than weaken it. And he has not been doing it for the benefit of the Iranian people or Europe.

I hear that under the plan Iran would continue enriching uranium and has control over the Straits, able to charge for ‘safe’ passage. Nothing gained that I can see and Trump has TACO’d (again). Being energy independent has allowed him the luxury of a US exit but he does not plan to help countries that he has damaged enormously.

The UK should certainly be drilling for oil and gas in its waters, I can agree there.

My HL app is not opening at all. Clearly some issues in Bristol.

With five merchant ships hit and on fire or sinking you would imagine that BORs phones will be hot.

If we can’t sell or Farm Out into this news, I can’t see it ever happening. My hunch is that we shall receive good news out of the blue but I would rather we did not have a War in Iran, or Israeli interest either if I am honest.

The Iran War should be a signal to the majors that if there is oil in the southern basin, they should be involved.

Now that Iran has started to mine the Straits and the US is unable to protect shipping from mines or missiles it very much looks like new supplies are essential and they should develop asap, whilst the asset remans well underpriced.

The SP action certainly seems to suggest some good news might be in the offing? Then again, how many times have been in a similar position previously?

I’m not sure that dollar strength is not simply a transient illusion created in a similar way to the drop in PM and miner prices?

No one has yet addressed US and Western debt generally, and in these circumstances I’m sticking with PM and Oil.

Lol. I see that you get your numbers directly from Donald? 😃

Either way, the US owes more than anyone else and cannot afford $1bn a day. It will need to print it, which is both inflationary and good for Gold and Silver.

Europe is busy paying for a War Donald said he would fix in 24 hours (but never wanted to) so Europeans should not be putting hand in its pocket to fund this Iranian venture.

With the Iran war costing $1bn per day (which the US has only through issuance of debt) and expected to continue until September what could possibly go wrong in that economy. Unfortunately, it is the rest of the World, and in particular China, will suffer if oil does not flow through the straits of Hormuz. My guess is that if the US does not win soon, China will weaponise precious metals and other means to pressurise the US to find another way.

Very pleased you made it back safely Pavlar 👍

If it is true (I remain to be convinced), it could not happen to nicer or more deserving people.

I wonder how much of the increase has to do with the widespread Cartel violence in Guadalajara, Mexico, which started yesterday afternoon following death of one of the two main Cartel leaders in a government raid.

I don’t think the violence is particularly near Fresnillo operations but further south. However, it’s not going to do anything to provide comfort over silver production and it is looking like it could become a national emergency.

The first concern needs to be the safety of Mexicans but I am not yet sure which way it will impact FRES. I guess we shall see at open this morning.

I have also been pleasantly surprised that Silver went up this week and not down. However, the Shanghai exchange opens on Monday evening does it not, and so potentially one more day for the US to bring Silver down. That does seem unlikely now and perhaps the Banks have rinsed as many of the leveraged as possible already? Also because the US might be at war with Iran as early as this evening.

I expect very little from the TEK family but Clifford Gross has really excelled himself recently with the capital raise and radio silence over Guident’s IPO. I am not planning to invest any new money here, not that they ever ask us of course 😃.

Liquidity injection: Why did you not share that wisdom a few weeks or months ago Wozzer?

I tried to sell a few yesterday at 0.1 over Bid and found it a bit odd there were no takers even on a limit order. Now I know why 😐

In the current commodities War, it surely makes sense for a UK or European oil major to develop the South Falklands basin?

If an American or pro American major gains control, Europe has no new and independent oil and gas sources, and who in their right mind would want to be dependant upon the Trump Administration for affordable energy?