Member Info for Spec

There were plenty of people warning that propping up bad companies with free money who then returned that money to shareholders through dividends & buybacks with massive bonuses for directors on the back of a massive big asset bubble wasn't a good idea. The banks are on the hook US banks have given back all their gains from the last 2 years, European banks are teetering on the brink. What happens to Deutsch will have a massive knock on effect. The Euro is way, way overvalued. Draghi already intimating of.more asset purchases. Well it went down well with the people for the last 10 years, think EU, Think Japan. Ah well, they will have an EU army to quell the uprisings. Unfortunately, we have large expose to France, who are screwed.

You might wanna take a look at BNP Paribas.

A bit more bullish gold BTW. Added to HUM yesterday and POG last week. A Fed pause is bullish goal and net long positions are back up.

Dow bounced from its 100 weekly MA yesterday, did S & P hit Feb lows? Fed expected to be dovish Wednesday. Could see a small rally here. Gotta be cautious though, the overall narrative ain't great.

And there I was only last week considering a short on ASOS as bearish bets were being added.

Geeze it's doom & gloom out there. What we buying?

Important development in the US senate last night. Senate voted to stop supporting Saudi Arabia in their war against Yemen, though this is likely to fail in the house. This amidst reports that Saudi has rduced exports to the US and increased exports to China. Trump spoke of MBS in the past tense as leader.

Quiet.

I'm reading he faces a no confidence vote today?

Theresa May, above all else is desperate to keep Corbyn out whilst trying to keep the Tory Party together. The agreement she has fails to do both & she's unlikely to get what she needs. She'll get her deal through end of march then leave near after.

Nothing exciting today. Long Dow overnight a paid off.

Given what's on the table, looks like the only option to me. All these other otions being banded about will still require us to sign the withdrawal agreement contains the Irish back stop provision.

So the leadership challenge is on. After Monday, how can she stay? I hear the French may be looking to oust Macron. Centrism carries on its demise, for too long no one has been happy.

Late start today, had a nice lie in and a good 8 hours for a change. CLP cash settlement Been trading Dow with some success last few days, love the volatility. On small positions picking up quick 100-200 point moves.

Might be worth accumulating down here in the hope of the market waking up to it & overall sentiment improves. Cash is king.

Thanks, been on the wishlist for a while. Everyone talking of it being a takeover target. Suprised to see it down here after the recent rally.

Thoughts?

£8mill MC, $19 mill cash. Preparing Morocco for Drill and in a farm out process. Looks a buy to me

Appreciated

They need to raise about $140 mill if memory serves? Had one attempt pulled not long ago then appointed the new mob for another go?