Inventor of the #GoldForecasterIndex Inventor of Sung's Method for Gold Mining Valuations https://xitter.cf/t.co/ky0XQxxNXt

Joined June 2021
One chart to rule them all! (Have fun decoding it.馃樅 ) Includes: - market cap - debt - gold price - mine life - interest - tax - cost - production - CAPEX - discount rate - depreciation - ownership - royalties - payability showing: - leverage (slope) - upside %
21
16
1
135
114,819
Something significant is happening to copper.馃槼
10
995
The Shanghai gold premium is still positive.
4
802
Gold mining sector isn't a buy yet at 41% overvaluation. Gold needs to move higher.馃槕
1
4
807
It's time for crude oil to catch up: - China stocking up on crude oil - SPR empty - Tanker rate drop makes crude affordable - Hormuz disruption morphs to VLCCs
2
2
3
1,356
Generally, oilers have higher leverage than miners.
2
1
8
1,510
The 15X leverage oiler has dropped to 12X leverage because it went up. 馃
1
1
573
12X leverage is still good. If oil rises 50%, then the oiler rises 50%*12=600%. 7X bagger.馃
532
Correlation Economics retweeted
Oil rose another 2.5% today. It's almost $104. If you think gas prices are high now, just wait until after the midterms when Trump has to turn off the spigots from the Strategic Petroleum Reserve to keep it from running dry. Oil could hit $150, sending gas prices to record highs.
111
356
26
2,518
126,066
Correlation Economics retweeted
BREAKING: The U.S. has reportedly struck Iran鈥檚 Konarak Naval Base on the country鈥檚 southeastern coast, hitting a 35mm Oerlikon anti-aircraft cannon with two projectiles around 1 a.m. local time on October 19 and wounding two Iranian Navy personnel, per an Iranian Navy spokesperson cited by Al Jazeera. The spokesperson said the projectiles were fired by American forces, while local reports recorded two explosions in the Konarak area. The strike may have involved a U.S. Air Force MQ-9 Reaper drone firing an AGM-114 Hellfire missile after the cannon opened fire. The last reported U.S. strike on Iranian soil was on September 1, nearly seven weeks ago. Iran is now likely to respond, potentially marking the beginning of a new round of direct U.S.-Iran military confrontation.
37
293
27
1,728
454,135
Oil spikes on escalation.
6
1,252
Correlation Economics retweeted
Crude oil inventories at refineries are in rapid decline as refinery runs stay strong and crack spreads are near all-time high levels! Crude barrels remain difficult to find and transport, bringing WTI and Brent multi-year strip pricing up as oil bull market strengthens! 馃洟馃挵
9
34
4
209
12,179
"Where do you think the oil price is headed to?"
1
2
1,253
Notice that the TTF gas ripples are bigger this time. So the peak should be bigger as well.
4
1
21
2,756