Lefteris

[Lefteris @Lefterisstrak]

@davidbateman You’ve reinvented the cartel. History — and the oil industry — send their regards. 😂

[Lefteris @Lefterisstrak]

@PeterSchiff Pricing the Dow in gold while ignoring dividends and gold’s carrying costs is an interesting choice. One asset compounds cash flows; the other compounds vault fees. I was expecting better from you.

[Lefteris @Lefterisstrak]

@Mr_Derivatives it "could" be a sign of blow off top but it is certainly a confirmation of too much speculative leverage, which is also why CME has been hiking margins and will probably continue to do so...

[Lefteris @Lefterisstrak]

@SRSroccoReport The correct context is cost of production and available silver above ground (aka available inventory), which has been increasing over the last few years. Commodities are priced based on supply and demand not inflation adjusted. Otherwise with that logic, oil should be >$200…

[Lefteris @Lefterisstrak]

@CelsiusEnergyFM No it actually goes to show how renewables have displaced gas in the electricity market and will continue to do so with batteries eating up the opportunity window when CCGTs traditionally jumped in to provide flexibly.

[Lefteris @Lefterisstrak]

@ZmansEnrgyBrain Is the weekly data point relevant or how the cumulative annual figure compares to other years :)

[Lefteris @Lefterisstrak]

@ekwufinance @Tannhaeuse23919 Wrong… we spent so we don’t have to spent that on new fossil fuels capacity (e.g a replacement is happening). Every additional GWh of renewables capacity is cheaper and cheaper (technology inflation + cost deflation). Oil will not disappear but it will not fuel our electricity.

[Lefteris @Lefterisstrak]

@AndreaCapellin4 Are you sure this isn’t the line to sell gold? Think of all the jewlers who can sell their stock and generate 100% margin simply by the fact that their inventory doubled in price… I am hearing all those that want to buy are postponing purchase because prices are simply to high…

[Lefteris @Lefterisstrak]

@goldseek Yes this is arbitrage 101. Arbitrage leads to price dislocation disappearing (e.g no risk free trade) we have seen the squeeze manifest (rally over 50) now arbitrage will close the backwardation, spot vs futures gap closes (futures might trend down)

[Lefteris @Lefterisstrak]

@steve_hanke Yes but at $50 it starts cannibalising its industrial demand and gets substituted, let alone at 100. No central bank demand no industrial demand then what? Then there’s the utopia of a mining business generating excessive abnormal returns with all the silver on the ground…

[Lefteris @Lefterisstrak]

@brewmarkets Gold’s +1000% looks impressive until you notice they started the clock at the dot-com peak… if you do 1980 you get S&P 500 TR ≈ +4,000% and Gold ≈ +250%. Also S&P pays you to wait (dividends) how would you pay your bills with gold and receiving no divi?

[Lefteris @Lefterisstrak]

@theRealKiyosaki Are you referring to the same “bankrupt” country that dictates global tariffs, prices commodities in its own currency, and still clears 85% of world FX trades in USD? The dollar isn’t bankrupt — it’s just the best of an ugly bunch.

[Lefteris @Lefterisstrak]

@GoldTelegraph_ I am surprised people don’t get it… if gold is the threat to fiat as the gold bugs believe, then the central banks themselves will dump all their gold reserves to save their fiat…

[Lefteris @Lefterisstrak]

@oriental_ghost $silver can we read this as China intervention to 1) protect margin on solar export (industrial logic) 2) protect investors and pulling the rag on speculative demand 3) support RMB overall this sounds very negative for silver

[Lefteris @Lefterisstrak]

$Csiq is a misclassification trade. The market is pricing it as a Jinko (e.g solar modules business) but it’s evolving into a Fluence + Nextera-lite business. The margins creeping up the last few quarters validate that the transformation is happening. Sum of the parts >$60/share

[Lefteris @Lefterisstrak]

@KobeissiLetter I think investors are also positioned for higher inflation. You get no inflation protection from bonds, setting your valid fiscal arguments aside. The only way to protect against inflation is by holding assets (e.g equity). So bonds are getting dumped and equity allocations go up

[Lefteris @Lefterisstrak]

$CSIQ From ChatGPT:

Solar pipeline (27 GW) contributes $1.35–2.43B depending on rights pricing.

Storage pipeline (80 GWh) contributes $3.2–5.6B depending on MWh valuation.

Combined embedded value = $4.5B–8B.

That’s 6–10× current market cap in hiden value ignoring all else…

[Lefteris @Lefterisstrak]

@markoinny disrupting Hormuz risks regional backlash Iran can’t afford. But Iran may still test boundaries to signal strength—especially if it feels cornered. The key variable is how far it thinks it can push without triggering unified retaliation.

[Lefteris @Lefterisstrak]

@dorfman_p This is a telling story in my view… an oil rich nation turning bullish on solar. Why is that? Because they know that this is the lowest LCOE. In Texas on the other hand, they just restricted more solar and wind deployment…

[Lefteris @Lefterisstrak]

$gold 2013 Deja Vu…