Member Info for LythamSlim8

Given the pullbacks in Gold / Silver since the post-FOMC highs, wouldn't be at all surprised to see that gap filled.

Fill the gap or just crack on?

Gold / silver having a pullback.

Powell appears to have lost it and all hell is breaking loose.

Its like what I heard about the 70s..

The only disagreement among economists is whether Burns fully understood the mistakes he was making, or was so wedded to incorrect Keynesian theories that he didn't realize what he was doing. The only alternative is that he was under irresistible political pressure from Nixon and had no choice. Neither explanation is very favorable to Burns. Economists now recognize the Nixon era as Exhibit A in how the adoption of bad economic policies in pursuit of short-term political gain eventually turns out to be bad politics as well.

SP < 10p?

..tomorrow?

When do the hedges expire?

Good to see the new boss is entrepreneurial BTW.

Excellent.

Silver looks really strong.

In 2023 HOC did 11m oz = $11m / each $ move in Silver.

On a multiple of 5 that is around $55m in market cap.

Think there will be some big overnight moves ahead.

Silver coming out of the doldrums and leading this move

+1.01%

Gold +0.37%

Gold ripping again this morning.

$20/oz from the ath.

Could be the catalyst for Silver to move.

So £1.35 - £1.50

Upside of £2+

Possibly more if gold / silver run. Silver being the wildcard.

Also the management. A steady flow of good news and there ought to be a multiple or 2 attributed to the new CEO.

Looking good.

Divend cancelled oh dear.

Chart looks sick.

Interesting..

https://twitter.com/Maghribology/status/1759239600965312836

'What do we do with all the gas?'

G2P would keep the submarine cable powered 24/7.

Maroc time

Innit.?

In'Shallah

Best of luck with it TRSA.

Https://www.gulf-times.com/article/677348/qatar/qatar-partners-with-morocco-for-2024-year-of-culture

Chaos at Euston Station this evening..

All Morocco bound trains cancelled

Due to 'Black Swan' on tracks.

With the all the technical discussion this morning, it is worth also noting the recent circumstantial evidence around Morocco and the Guercif exploration:

The Guercif - Nador highway project:

https://projectsportal.afdb.org/dataportal/VProject/show/P-MA-DB0-008?lang=en

The PM's new company Saha Gaz - 'a firm that aims to import and export liquefied petroleum gas':

Interesting that this was incorporated on July 10th 2023 ie. on completion of the MOU-4 drill. Coincidence ??..

https://www.le1.ma/akhannouch-cree-saha-gaz-sa-nouvelle-societe-dediee-au-gnl-domiciliee-a-laayoune/

It doesn't take an O&G pro to recognise the serious and substantial positioning going on by key players in Morocco and also the major infrastructure funded and planned for the Guercif region.

GLA

Depending on the results of the Phase 1 rigless testing, Petroleum Agreement Amendment #4 would also potentially facilitate an application by 5 March 2024 for a single Exploitation Concession over the area tested by MOU-1 and MOU-3, providing geological continuity of potential gas reservoirs can be demonstrated.

I think this too, Vegas.

Despite the muted response seen today,

IMO that was the starting gun.

Funny old game..

Ostensibly the country has no gas.

Yet this.

And the PM has launched a startup for the import and export of natural gas.