Member Info for Deepsurvey1

Apparently- The silver price is to spike(only to $30 at the moment) rising from 25th March to the 3rd April as bets are laid on wether Comex can deliver all the physical silver promised, if they can’t and have to settle in cash that’s starts a frenzy. Industrial inventories are building stockpiles for electric cars and solar panels demanded by the new world order of going green.
If Comex makes all the delivery’s the silver price will settle back for another month but at some point over the next 6 months demand for silver will not be satisfied with promises and delayed delivery’s. Industrial users are already bypassing the main market , going direct to the miners and smelters, paying $10 to $15 dollars over the spot price so the real price of silver is already north of $40. This shift in the supply chain makes it even more difficult for Comex to deliver physical silver.

Building a cash pile to bring forward their other assets is excellent. This is what market is saying about silver-Silver is definetly the best trade in 2021. There is a lack of Silver around the world. There is not much Silver at any refineries and getting your hands on physical Silver is still difficult. In fact, Silver is now rarer than Gold, which means there is a risk of a real Silver squeeze this year.

Just checking AAU still has a mine producing silver before i buy back in?
Apparently 8 of the biggest banks on comex have been controlling the silver market with short positions to keep the price down. Everyone else has been buying and storing at these ridiculously low prices, there’s no physical left and no one will sell any. Industrial demand for electric cars are finding they can’t get any. Tesla and the like are preparing to pay whatever it takes. The banks are begging customers to roll over the paper contracts with the promise of physical at some point never. It’s going to be a bit tense over the next few months and then-blip- silver is over $100 and climbing fast.

I think I’ll stay for the release of the Gas resource upgrade for West Newton confirming it’s the biggest onshore gas discovery since 1973. The share price should go over 90 pence and I don’t want to miss that. Obviously they have planning approval for drilling the production well in H2. Somewhere between now and then they have to release the resource volumetric estimates statement that’s when the share price goes up.

If UJO want a rising share price they have to avoid say really negative things. for example: “however commercial reservoir not present at this location” talking about B1 well in their west Newton technical update. To UJO the update was very good?Really? To shareholders it’s very bad. They should have said- but we did find x billion cubic feet of commercial gas at the other well and production will start at Y date this year. And we will all be multimillionaires. Then shareholders are in a better frame of mind for pressing the buy button.

Unfortunately a good RNS will be a waste of time for UJO and won’t get the large increase in share price it should. Investors are already eyeing up the coming low in silver and gold which signals a massive bull trend in precious metals to play out over the next few weeks and months.
I’m selling half my UJO to go back into silver. I’m terrible at not wanting to miss anything.

The Gold just keeps coming. The new Gold JORC mineral Resource upgrade is going to be gigantic.

Boise, Idaho (February 11, 2021) -- The Idaho State House today overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver.

Note: they manage several billion dollars in a wide range of financial instruments. To start to hold physical Gold and Silver is a major shift in institutional investment thinking. They say It’s to protect against inflation, debt defaults and stock market declines and is part of a list of safe investment options. Goodness knows what Armageddon they can see coming to the wider financial markets.

I noticed they didn’t propose to hold any Bitcoin!

If tons of good news sends the share price lower it’s logical to assume we need lots of very very very bad news to send the share price higher hahaha.

Even if ECO was to stop doing everything the share price would probably double this year. Currencies are in a race to the bottom sending commodity’s through the roof.

RNS- EEE appear to have gold everywhere even when one of the drills diverts off.

Apparently - Gold has moved off a key level of resistance . The tethers holding it to the dock have been released by the conclusion of the FED meeting last night. Nothing new was decided which means money printing ahoy forever (good for gold). The gold price was still moving up through its existing channel as of yesterday and has gently broken out of the top of that channel today .

I’ve had to buy back in, otherwise I’m going to miss the rise.

Hi Wolves221, yes I’ve read the December RNS. Prospective resources are estimates of undiscovered oil( the bottom of the value chain). They have opened the data room before. To get a deal at this stage means giving almost everything away.

The MM’s are walking this up ready to raise money with the lure of News to come.
The share price will drop, if your a longer term holder don’t sell as I’m sure the price will come back up eventually.

News flow is building a very strong base for the share price. I’m looking forward to the re rating.

On balance I’ve bought back in for the ride up to 5pence.

Apparently Precious metal prices are in for short term sharp drop. The US Dollar is bottoming and is set up for a rise. Precious metals will rise as the market corrects itself over the medium term. The question is when? And will miners stay Bouyant or drop at the same time.

Looking forward to the share price rise on this one. Lots of news flow to come across a number of projects coming together all at once.

Yes it looks like the US Dollar is ready to break out higher crucifying commodities on the way. Gold price going down. You’d sell if you were a trader but hold if your a longer term investor.