Here's my latest thoughts on #gold and the role it will play later this quarter and into the rest of the year. This take is from many interviews and analysis reports I've consumed since Iran War began.
Gold is about to get hit by two tailwinds simultaneously — from opposite directions.🧵
@GoldForecast $SOMA.V in Columbia
1. Hydroelectricity is being used for milling activities
2. Diesel Subsidies by the Columbian gov, their underground activities are running on some of the cheapest fuel in the western world.
Engagement bait is everywhere today — “trillions wiped out,” “silver bear market,” you name it.
Zoom out.
Gold: watching for a green close on the weekly.
Silver: massive paper leverage just got liquidated.
Copper: fundamentals didn’t change in five days.
Uranium: the story gets stronger and stronger.
Summary: an extremely volatile week with huge moves in both directions.
Why does $MLP.V | $MLPNF have one of the lowest OPEX + FOB ($/T MOP)?
🧱 Thick potash seams: +250m = fewer wells, higher recovery
🌍 Coastal Gabon location = fast access to 🇧🇷, 🇺🇸 & Asia
🛠️ Solution mining = less labor, no tunnels, lower CAPEX
#Potash#Mining#Africa
On top of #copper, #Silver and #Bitcoin weekly breakouts, Imperial Oil is clearly in a new secular bull trend as a leader in the energy sector.
Today...Big cashflows, big buybacks, double digit dividend growth and their long life assets have long term optionality on higher oil prices.
$IMO
If you like long term charts and big bases, it is pretty hard not to be bullish.
New secular bull market to join precious metals and uranium?
#copper $COPX $COPJ $HBM $FCX
Copper prices jumped to a record after US President Donald Trump announced plans to implement a 50% tariff on the industrial metal.
https://t.co/uQyl4wKMOu