Member Info for onedb

240-260 target for me given the chart looks like its about to pop . But short term 210-230 . Once we break into new year highs and 200p level it could move up fast . But am really holding for a lot more ( My physical average is already 100% up or just under actually )

Look at the US Curve steepening

On of the key drivers of gold prices is real interest rates (nominal rates minus inflation). If inflation expectations rise while nominal interest rates remain low, real interest rates could fall or even turn negative, which is bullish for gold. Negative real rates reduce the opportunity cost of holding gold, as gold does not pay interest

Am not expecting inflation necessarily to rise but rates to go down yes , real rates should fall . Gold as I type is rallying ! that 200p call this week looks more doable now

Do apologise

Not sure what people were doing this week but Gold is flying and suspect HOC will tomorrow . News highs on Gold .

HOC to catch

Mmm good question but my 200p level so far seems more like a mirage ! No idea why given how Gold has been performing

With gold is such great form and silver too , am going to believe that 200p is now only a matter of short time to get to.

Then it finally opens up to much higher target I have in mind

Well done

Me at 96 but bought some spreads too higher up . I wasn't wrong when I wrote a Breather before this rallies again . Would like that consensus price to be broken . Looking EPS for 2025 it should be . Just need to check the valuation for Centamin over the weekend

Gold and silver looking good despite silver seasonality . We have seen what market thought of Centamin which should value HOC a lot higher and more inline with broker targets

( I hold for disclosure)

Weird as to why this fell today . I came here to see what did I miss , the RNS is positive after all . The deal is valued at 360 and in old Premier oil money this is like 18p if not mistaken ! Its insane . The divis that are going to paid out soon will be re-invested here once again , at 300p I was finally breakeven now I have to watch a day like today again ! The divi case is strong in my view as is cash generation and costs . So once again the order is to re-invest the divis

Politicians should be made responsible for big auditable mistakes like this EPL in my view and should be forced to balance the budgets if not produce small surpluses in general . If not we are going to have ever increasing debt and it becomes uncontrollable . Making the error to destroy our energy sector that has an impact of 0.01 globally at best to cost jobs , national security , money and most likely even cause more pollution (as forced to buy from less stringent countries) , makes this an auditable error and not a political will or point of view . Gross incompetency I say . This is not ideology but negligence in light of obvious warnings / I'd like to see what the cost vs benefit scenario was . Any business man has to make business cases and get them approved What was this business case titled ? "How to bankrupt the UK Energy Sector and force them out " ? Must have

Evening Sekforde,

Its funny as I was just finishing listening to a podcast by Howard Marks when I was checking the markets and thought about the EPL for Enquest . All commodities down big today too. I thought it was $70 but if you read its 74.21 then even better . I was wondering if Gas and Oil min prices are both contingent on one another or the Brent alone EPL can stop the tax .

Insane to have it in the first place , Can't the opposition just employ someone smart or have the IFS or the ONS or similar agency publish the real and honest cost of all this ? As this is one major own goal for all the country

I am long from 96p quietly . Who's referred to as 'green investor" ?

Personally I have over 20 years of experience and do this professionally

I felt news is stable as in good stable . I was reading on another board that they were lamenting the increase in debt but in reality it should be seen as a ratio to EBITDA not standalone , In fact they did state it

§ Net debt of $271.2 million as at 30 June 2024 (31 December 2023: $257.9 million)2

§ Net debt to EBITDA decreased from 0.9x on 31 December 2023 to 0.8x on 30 June 2024[3]

Debt vs EBTIDA is in fact down . Which is great news .

Lets see if the market is really convinced this was worth taking down , its end of August and suspect any volatility is amplified with low volumes, as I still firmly suspect we will see over 200p soon

( Jackson Hole)

I always felt that Gold / Oil whether WTI or Brent was always a good ratio to determine when to buy HOC

Thought it was very obvious to all, as its essentially Revenues/Cost ratio . As it goes up so should HOC all else being equal .

So found it weird that we saw that drop on Friday and not a new higher weekly price of not new yearly high given the ratio is higher .

What we ( I think ) saw was a general equities risk off. But feels strange as HOC is the insurance of risk off .

Lets see what marvels the next fee weeks bring ( I remain a holder )

These are the perfect conditions for HOC to rally ! Really confusing to see it down ! A bit of an aberration

Hedge funds have significantly increased their investments in gold, pushing their bullish bets on the precious metal to the highest level in four years amid rising investor concerns over the forthcoming US presidential election and the timing of interest rate cuts, according to a report by Bloomberg.

Been quietly long on HOC for a few months and taking advantage of these dips . Keep thinking this has a lot more to go

Agree ! So many waste their vote on a warped sense of idealism . Sad really

Cheers 5eight

I just have a particular stop mechanism based on momemtum loss . Once the opposite is triggered I'll be long again .

If I get a chance , as we all know market timing is very hard .

Risk man is risk man for me . Learnt the hard way

Out at 66.1 but will hopefully reload if I get a chance lower , who knows. Good trade though from 54.8 . Can't complain.

Certainly a sector I enjoy and know about so won't be leaving the bb for sure but not a deramper either so respect all Longs and hope I have made a mistake . as always will post when I buy in again