Geologist ⚒️ looking for some interesting plays within the commodity space 📈
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No advice, just stupid thoughts.
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Passion for cycling, cooking and nature!
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Lockheed Martin produce the M30AI cluster munition used so effectively in Iran.
180,000 pellets of #tungsten per warhead.
That’s 50kg of tungsten.
They currently produce 16,000 a year.
That’s 800 tonnes of tungsten.
Quadrupling production would increase demand by 2,400 tonnes of tungsten.
Each warhead costs $200,000
At tungsten price of $300,000 per tonne, 50kg of tungsten is $15,000 - only 7.5% of the unit cost.
This additional tungsten demand is units lost to the market. It is not recycled - unlike machine tools consumption where approximately 65% is recycled.
This is going to break the tungsten market.
APT last at $2,250
My new price target is $5,000.
I own EQ Resources, $EQR and Tungsten West. $TUN.
@FranckenTheo@vrtnws Bastions vol met ideologische journalisten... Dit is geen objectieve berichtvoering en bij @vrtnws zie je wel vaker dat ze het moeilijk hebben om de subjectieve kleur van hun journalisten te controleren... Jammer.
*The reversal you want to see here is bear trap, ideally with a violent flip to the upside, making it difficult to trade.
Trapping bears in new short positions, liquidating longs and noone being able to open a new long given the quick change.
$XAUUSD // #GOLD
Invalidating her support line, coinciding with #silver support zone.
Unless we have a quick and violent reversal here soon, bearish trend is confirmed.
Current price action in both metals confirm we're going lower.
The current price zone in silver poses an important support. If it fails, 50s will be next (thin zone).
The only thing which would invalidate the #silver bull market, would be a close above the trendline that silver has been grinding the last few months.
$XAGUSD $SLV #preciousmetals
The only thing which would invalidate the #silver bull market, would be a close above the trendline that silver has been grinding the last few months.
$XAGUSD $SLV #preciousmetals
My cashflow models for miners predicts all miners will be bankrupt at the end of March when #silver hits a pathetic 140 $USD and #gold finally manages to go above 6500.
#sarcasm
My cashflow models for miners predicts all miners will be bankrupt at the end of March when #silver hits a pathetic 140 $USD and #gold finally manages to go above 6500.
#sarcasm