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Gold breaking out
https://twitter.com/TaviCosta/status/1494521106929111040?cxt=HHwWgMCq_ejBzb0pAAAA
The recent announcements, interviews, oversubscription of the placing, rampant insider & mates participation in the placing and subsequent price rise to me all point to there being a massive rare earths find (/ already sitting right under their noses) on the horizon.
Over the past month or so RE test results of previous existing and untested for RE samples (i.e. virtually all of the drill samples the company has) would have begun trickling back to the BoD who decided they (and their mates) wanted a bigger cut of the pie and took advantage of a depressed share price to fill up their pickets.
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/020922-opec-falls-further-behind-its-oil-output-quotas-hampered-by-disruptions-platts-survey
“OPEC and its allies continue to underperform their increasingly lofty oil production targets, with the group falling a record 700,000 b/d short of its collective quotas in January, according to the latest S&P Global Platts survey...”
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/020922-opec-falls-further-behind-its-oil-output-quotas-hampered-by-disruptions-platts-survey
“OPEC and its allies continue to underperform their increasingly lofty oil production targets, with the group falling a record 700,000 b/d short of its collective quotas in January, according to the latest S&P Global Platts survey...”
I’ve said it before, but it’s been a while so I’ll say it again. I believe oil is going to $300.
I am increasingly convinced that we’re about to have a global energy crisis. Almost every day, we hear of a different policy plan to reduce energy production. We learn of new mandates, new taxes, more cancelled pipelines, more cancelled permits, more threats and more penalties. What we don’t hear about is where the replacement energy comes from. The wind doesn’t always blow and sometimes it is cloudy. My car won’t drive on unicorn farts and billions of people in 3rd world economies want a Western standard of life complete with a Western level of energy consumption.
3rd world nations intend to consume more. Western nations intend to consume more. China intends to consume more. At some point, declining production will slam into rapidly increasing demand. It will only be solved by higher energy prices.
We’ve seen the first few signs of the coming crisis. Various countries ran out of energy. These were regional problems with regional causes. However, the underlying problem was the same they reduced the “carbon economy” before they had sufficiently built out the “green economy.” Oddly, these warning signs have mostly been ignored, with the countries most afflicted, focused on continuing to purge traditional energy sources. Bizarrely, Western Europe wants to become reliant on a gas pipeline from what many regard as a rogue state - Trump was 100% right on saying they shouldn’t be under Russia’s thumb on gas, but useless career politicians will always do what useless career politicians do. When nations ignore a brewing crisis and focus on making it worse, it is likely to get worse, a whole lot worse.
When there is no solution to the problem and the politicians are causing the problem, market participants will panic. Look out!
“OPEC may be increasing production on paper (via OPEC meeting decisions)..but it is not materializing in the physical markets.”
Jaw dropping chart included in the link. OPEC are really struggling to increase production, it’s not the simple flicking of a switch that the “experts “ say it is.
https://mobile.twitter.com/chigrl/status/1488244536883175426
More on the myth of OPEC spare capacity.
“OPEC’s 13 members increased production by only 50,000 barrels a day in January”
https://finance.yahoo.com/news/opec-barely-increased-supply-last-180320502.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAHs_gsD7V8K21ohcZpQNGnZm01rgE68awwqj89GVvN1qCa8ypmAJR2-niLATZOLWqBAUYZCD417DBTwSrWVRN5vGwv-1x7VwhTW9yT586_o2aCjgpzZWSu0w03tH6K2xeIc1HGNHuw9kb2nqre6rpzwmhxXdWSilTu-7p73be0DL
“Remember when the US government decided to sell their Strategic Petroleum Reserves (SPR) to combat rising cost of fuel back in November?
Well, oil is now at its highest price in 7 years while SPR is at its lowest level in almost 20 years.“
https://mobile.twitter.com/TaviCosta/status/1487215293231341574
https://mobile.twitter.com/TaviCosta/status/1486388521539670025
I thought I had posted this previously, but it appears not. This one is a bit of a jaw dropper.
https://bisoninterests.com/content/f/the-myth-of-opec-spare-capacity
“OPEC may be increasing production on paper (via OPEC meeting decisions)..but it is not materializing in the physical markets.”
Jaw dropping chart included in the link. OPEC are really struggling to increase production, it’s not the simple flicking of a switch that the “experts “ say it is.
https://mobile.twitter.com/chigrl/status/1488244536883175426
More on the myth of OPEC spare capacity.
“OPEC’s 13 members increased production by only 50,000 barrels a day in January”
https://finance.yahoo.com/news/opec-barely-increased-supply-last-180320502.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAHs_gsD7V8K21ohcZpQNGnZm01rgE68awwqj89GVvN1qCa8ypmAJR2-niLATZOLWqBAUYZCD417DBTwSrWVRN5vGwv-1x7VwhTW9yT586_o2aCjgpzZWSu0w03tH6K2xeIc1HGNHuw9kb2nqre6rpzwmhxXdWSilTu-7p73be0DL
“Remember when the US government decided to sell their Strategic Petroleum Reserves (SPR) to combat rising cost of fuel back in November?
Well, oil is now at its highest price in 7 years while SPR is at its lowest level in almost 20 years.“
https://mobile.twitter.com/TaviCosta/status/1487215293231341574
https://mobile.twitter.com/TaviCosta/status/1486388521539670025
I thought I had posted this previously, but it appears not. This one is a bit of a jaw dropper.
https://bisoninterests.com/content/f/the-myth-of-opec-spare-capacity
“OPEC may be increasing production on paper (via OPEC meeting decisions)..but it is not materializing in the physical markets.”
Jaw dropping chart included in the link. OPEC are really struggling to increase production, it’s not the simple flicking of a switch that the “experts “ say it is.
https://mobile.twitter.com/chigrl/status/1488244536883175426
More on the myth of OPEC spare capacity.
“OPEC’s 13 members increased production by only 50,000 barrels a day in January”
https://finance.yahoo.com/news/opec-barely-increased-supply-last-180320502.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAHs_gsD7V8K21ohcZpQNGnZm01rgE68awwqj89GVvN1qCa8ypmAJR2-niLATZOLWqBAUYZCD417DBTwSrWVRN5vGwv-1x7VwhTW9yT586_o2aCjgpzZWSu0w03tH6K2xeIc1HGNHuw9kb2nqre6rpzwmhxXdWSilTu-7p73be0DL
“Remember when the US government decided to sell their Strategic Petroleum Reserves (SPR) to combat rising cost of fuel back in November?
Well, oil is now at its highest price in 7 years while SPR is at its lowest level in almost 20 years.“
https://mobile.twitter.com/TaviCosta/status/1487215293231341574
https://mobile.twitter.com/TaviCosta/status/1486388521539670025