KDave

I'm sure someone will correct me if I'm wrong but I don't think the shape of the flag part itself dictates that, the shape is only really important for recognising when it's breaking out
It's just whether the "pole" of the flag was up or down makes it a bear or bull flag
Not 100% this is accurate though

$1800 first possibly 1750s in the back end of this month imho.

Are metals forming bull flags ready to break out to the upside? 
This looks positive to me - maybe they're just waiting for the dollar to stop pretending it's going up 

Already past the bottom of economic demand. The effects will be felt, rippling out for a while yet, demand wont go lower than it was and large number of wells even fields have ceased production. Some wont come back on line, so price should stabilise to somewhere $50-60bbl.

Bank minutes are a curious thing, they spook/spike markets yet are old news of policy decisions taken and enacted a few weeks before. 

Dollar and 10 year US bonds had a little spike up but they seem to have run out of steam already
Gold looking strong at $1960 support area
Silver looking strong at $27
Things are looking good atm for a little consolidation and resumption up but we shall see 

When I see videos like this it makes me want to buy more. 
He doesn't like dividends. He doesn't understand dividends. He thinks trading capital growth for dividend income is wrong.
He doesn't know what oil is. He thinks BP and Shell should "improve the quality of oil" they produce. 
He mentions these stocks are at 20 year lows and that this is bad, very bad. He likes Tesla. 
👍

I have a sliding support line drawn in for RDSB that I think is right minus bad news or a slump in oil itself
~10.50 currently sliding down to ~10 in October

What do yaaal make of this? I am being agist here, cant take him seriously - he looks about 15!! 😛
 

 

I dont think his age comes into it, just poorly informed views. Doesnt understand PE or real investor sentiment, completely disregarded value of dividends. 

Yes I was intrigued when I heard that, though on further inspection the amount bought in relation to the capital at their disposal is very small. So small, it's quite possible it was made by one of his two advisers rather than him.

Price action suggests a very real chance we will move above the recent high rather than go below the recent low. With gold at $2000 right now I think it’s a coin flip whether we see $2200 or $1800 first.

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

I've just ordered myself a Devil Forge on ebay and to pour myself a few ingots of copper and brass for fun. I would be interested in buying some scrap copper if anyone can sourse some cheap? I wouldn't be interested in insulated wire though, impossible to strip without the proper machine. 

Man, I'm a bit gutted. Seeing how low gold had corrected I was gonna add some gold ETF this morning but the spot price zoomed up before 8am, so just sitting tight for now. I don't think this correction is over by any means - I think its just getting started. Failed retest of the highs is quite likely imo.

You're looking at palladium spot. Gold's been below £1500 all afternoon. 🤣 

Wonger is a bit busy at the moment - he gave me a message to pass on to members.

Yes, a healthy bull market has its share of corrections and periods of consolidation. The gold and silver markets have had neither and are very unhealthy at the moment, it is a market full of weak hands. The sell of should be significant as a result. 

The r-gold reading got to +26%, last week in USD and +22% in GBP, which is quite an extreme reading. I would be looking for it to fall back again to at least below 10%. That would probably take us back below $1800 and £1400.

Also made a tiny purchase of 30 shares of RDS B today. When price drops lower, I'll average in. If the shares double in value over the next 20 years and pay a yearly average dividend of 4% I'll be happy.

In my opinion your timing and research is good, RDSB are the shares you want, dividend withholding tax on the RDSA ones. I have both companies among others in the sector, to me its a 100% no brainer although perhaps very contrarian at the moment given how much the market hates big oil. Its fashionable to hate them. I am very confident long term (mid 20's), short term I have no idea if we will get further downside or if it shoots up Monday, but be prepared to hold and accumulate through some rough times if oil breaks down again. The downside is limited imo. 
Dividends have been cut on BP by half (still a solid 5-6% dividend depending when you bought), and instead the board are planning to buy back shares using up to 15% of cashflow. The buy backs are discretionary so power has been taken from the shareholders (dividends) and put in the hands of the board, I still expect this to return and compound perhaps 20% per year including dividends over the decade. We will see. 
Shell have cut dividend by 2/3rds, way too far and too fast, I expect this to be raised once oil starts to recover if the board members want to keep their jobs. I expect similar returns over the decade from shell, they are a long term, potentially retirement hold given the dividend potential and position relative to LNG/Hydrogen.
These companies are looking forward at hydrogen production to meet the green agenda (or that is how its being sold), BP in particular, as hydrogen will be the green replacement for natural gas. I am told that gas engineering certificates now include hydrogen, existing infrastructure can be used to transport store and supply it for the most part. There are also geopoitical implications of being able to produce a nations own LNG equivalent (Europe no longer reliant on Russia). This will be renewable or conventional electricity (solar wind nuclear) being used to produce hydrogen, which in turn is used in the existing gas network throughout Europe. Green agenda achieved, strategic energy achieved. Although LNG is cheaper at the moment, these companies have the size and scale to change that over the coming years through investment and development.
As an aside Tesla looks like a shoeshine stock; I don't see anyone excited about oil and no one is talking about hydrogen, just saying. 
Not sure about cruise liners, those are a favourite Robinhood choice so I am staying away. I am looking at Agri shares for inflation (Mosaic, Nutrient, K+S), telecoms (BT.A, VOD, TEF) and infrastructure (DRAX, NG. SSE). I like the big FTSE listed mining shares too but they have gone up too much since march for my liking and are on the watch list. Waiting for a pullback. 

If they both dropped 25% in the next month would you be gutted? or would you see it as a great buying opportunity
If the answer is gutted then you shouldn't invest in them
That's not to say you would be right to buy more, who knows, but I feel like you need that conviction to want to be in them in the first place
That conviction should come from a deep knowledge of the company, industry and future prospects 
For me with silver etf I'd love a dip to buy more but if I had money in oil stocks and they went down I'd be gutted, that tells me I don't know enough about oil to have my money in them

If he held on for 10 years sure smart guy. 

Yes I think so! 
June 2011 - https://www.cointalk.com/threads/tv-show-pawn-stars-guy-swaps-a-95k-car-for-all-gold.179496/

Yes I think so! 
June 2011 - https://www.cointalk.com/threads/tv-show-pawn-stars-guy-swaps-a-95k-car-for-all-gold.179496/