Member Info for fogthemogg

"Ukraine ‍and Russia have agreed to exchange 314 prisoners during ongoing peace talks, US President Donald Trump’s special envoy, Steve Witkoff, has said, adding that ⁠significant work remains to end the war."

Another nothingburger.

If I hear the word "constructive" from either side after the talks conclude, I will sell all tranches and wait for 50p or 40p again.

I think the disproportionately small drops for FRES on big silver smash downs are evidence alone of how things have changed.

"Analyst Mark Wilson raised the recommendation on the stock from Underperform to Hold. Simultaneously, Jefferies increased the price target to 7p (up from 6p)"

Our own little analyst here maintains his price target at 107p.

This time next year Rodney!

Persian you've changed your mind? You once described 35p as "an incredible entry point" and claimed 40p and 50p were too low.

The turmoil in the precious metals market has left traders in China nursing losses, with one dealer reportedly fleeing the country.

Bloomberg are reporting that Chinese metals traders have racked up losses totaling at least 1 billion yuan (£105m), and that Xu Maohua, a metals dealer known as “The Hat” has scarpered.

🤭

"So why the massive drop in TLW share price this morning?"

Could be that someone got a peek of the refi terms and didn't like it.

Could have been spoofing to let someone jump back in around sub-7p or spoofing to let someone short cover at that level.

Lucky, did you really think that all those Chinese speculators who drove silver to $120+ weren't using leverage?

Rookie, my point was, the last few weeks saw the same driving force behind last May/June's oil spike.

Momentum traders bidding oil up on the back of Iran shenanigans, despite the market remaining oversupplied whether the US strikes a few targets or not.

"Oil up up up.

Looks good for oilies on Monday !"

Is your screen upside down?

"NAV you’ve gone more bearish than fog in the last 24 hours - must definitely be time to sell up."

Well just as I warned last week, once the US strike on Iran fails to materialise, oil is going straight back down.

It was algo-driven speculative froth, just like last June.

Looks like that even amongst retail there's going to be some 6-figure P&L hits this morning.

Of course FRES will still print money. But it isn’t going to 180 quid or the other turbo ramping, pie in the sky nonsense we’ve had on here over the last few weeks.

Did PortfolioPower and CaptainC0ckwash run out of credits at the internet cafe?

That motto was on Jimmy Savile’s gravestone…

We need to frame some of the ramping comments this week about $120 forward-looking silver and $100 being the new floor.

FRES closing down just 5% after the largest single day drop in silver of all time is a dream though 😂

"Today price movement is silly"

Yeah, because FRES is down less than 6% after a 14% silver clubbing whilst gold is -6%!

The short answer to PM and miner reversal is because people clicked sell.

The long answer, which will only be clear in the rearview mirror later on, could be a combination of:

(i) No Iran strike

(ii) Russia Ukraine ceasefire

(iii) Profit-taking

(iv) New Fed chairman being more hawkish

(v) Hawkish FOMC

(vi) Alleviation of physical supply tightness

...and many more.

Sorry Mike but you've gotta know Harbour by now!