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@anomalloy fyi $pnn surpasses avg volume in first hour of trading day. Strong buy signals. News expected soon. http://www.penninecorp.com/Paydirt/pennine-signed-sealed-delivered-part-2-path-forward-albania #oil #hotpick
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from #ninjapicks,
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@Goldfinger Open interest in WTI Crude $Oil futures rose 29k on the $4 price decline 3/8-3/9 - could be indication shorts are becoming more aggressive. Get ready for a snap-back.
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from #index,
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@Goldfinger $Oil rig count growth moving back up after falling off a cliff for a couple years: http://cdn.ceo.ca/1cc5t4m-Rigs.png+
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@Leon Video emerges of 400 U.S.Marines rolling into #Syria for Raqqa offensive - is this a US escalation with boots on the ground that could draw regional and global powers deeper into the conflict? #gold #oil www.zerohedge.com/news/2017-03-10/caught-video-us-marines-roll-syria-raqqa-offensive-operations
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@Goldfinger Crude $oil first weekly close below 200-day moving average since early November, also highest volume week since November. $OVX (Crude Oil Volatility Index) up 30% for the week and still relatively low compared to where it's been the last couple of years: http://cdn.ceo.ca/1cc61l4-OVX_Weekly.png+
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@Goldfinger WTI Crude $Oil breakdown last week was ugly by any measure, initial support ~$48 followed by a much bigger level near $45: http://cdn.ceo.ca/1cc912f-WTI_Crude_Oil_3.11.2017.png+ I doubt we see $45 breached to the downside, snap back rally should begin at some point next week targeting ~$51 on the upside.
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@Goldfinger Managed money bullish positions in $oil drop off a cliff in later CoT report: http://cdn.ceo.ca/1ccdd54-IMG_5807.JPG+
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@Goldfinger Extreme pessimism on energy equities: http://cdn.ceo.ca/1ccdjdv-IMG_5808.JPG+ ripe for a rally. $oil
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@Goldfinger Crude $Oil sentiment has dropped sharply in recent weeks: http://cdn.ceo.ca/1ccdmuj-IMG_5809.JPG+
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@MiningBookGuy Cocoa Plunge, Mutinous Army May Widen Ivory Coast Deficit https://www.bloomberg.com/news/articles/2017-03-13/cocoa-plunge-mutinous-soldiers-may-widen-ivory-coast-deficit #IvoryCoast #Cocoa Neither aspect of the headlines is new. However, I was not aware of the following (and likely no one else here is either): "The budget adjustments come amid a liquidity squeeze in Francophone #WestAfrica’s monetary union after the Dakar, Senegal-based regional central bank tightened access to its refinancing window in December and raised the marginal lending facility rate. As a result, demand at debt auctions is low and Ivory Coast and other countries are struggling to raise funding on the regional market. Last week, the government sold 29.9 billion CFA francs ($48 million) of T-bills out of 50 billion CFA francs on offer." This is an important quirk of #Francophone #Africa that needs to be monitored. On the other hand, you get quotes near the end of the article like this one: "Ivory Coast’s economy expanded an estimated 8 percent last year, according to the IMF, the fastest in sub-Saharan Africa. While growth is forecast at the same level for 2017, it will slow in coming years, according to John Ashbourne, Africa economist at Capital Economics Ltd. in London." There is a lack of appreciation of #IvoryCoast being a leader in terms of adapting more quickly than comparable African nations from one major revenue-generating commodity to #gold (in #IvoryCoast's case, it's #cocoa to #gold. For most others, it's #oil to #gold). When it comes down to it, I think #FraserInstitute probably ranks #IvoryCoast higher than it should (though as mentioned before, I haven't researched this ranking enough). But for the most part, #IvoryCoast is vastly underestimated for near-term #gold production AND #exploration ...it has all the elements of becoming THE #gold powerhouse of this cycle...assuming the bad stuff mentioned in this article doesn't ruin it. Probably the most interesting country/jurisdiction I follow. ~AUfrica
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from ~aufrica,
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@Excelsior #Uranium Miners And The Second Ideal Buy Point nextbigtrade - Mar 12, 2017 #TechnicalAnalysis $URA $DNN $DML $CCJ $UEC $NXE #OIL #NATGAS #USD https://www.youtube.com/watch?v=ePgsXiLBPiw+
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from #uranium,
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@anomalloy Insiders buying after a great quarterly report Pine Cliff Energy Ltd. $PNE just filed 1 reports. View full report: SEDI:PNE #oil
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from #ninjapicks,
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@ylr $TDG A nice reversal in the making on the 1H chart. http://cdn.ceo.ca/1ccil1g-TDG.png+ #ylr #oil
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from #index,
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@Goldfinger U.S. Crude $Oil imports trending lower: http://cdn.ceo.ca/1ccilbl-IMG_5844.JPG+
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@Goldfinger $OIH runs stops below 200-day, now back above. BULLISH. http://cdn.ceo.ca/1ccj09h-OIH_Daily_3.15.2017.png+ $oil
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@Goldfinger $OIH - Bullish candlestick pattern, bullish 'sweeper' (gap higher, trend up day, low of day above yesterday's high of day, closes at/or near highs of session): http://cdn.ceo.ca/1ccj6qa-OIH_Daily_Sweeper.png+ Fact that the pattern is occurring near 200-day moving average adds more significance to it. $oil
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@Goldfinger Russell 2000 $IWM, $gold, 30-year Treasuries $TLT, and $oil all up more than 1% today - not often that happens.
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@Goldfinger $SLCA bottoming tails with strong rise back above 200-day moving average: http://cdn.ceo.ca/1ccjvch-SLCA_Daily_3.15.2017.png+ $oil
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@Goldfinger OECD $oil stocks have come down a bit but still well above long term average: http://cdn.ceo.ca/1ccl1e5-OECD_Oil_Stocks.png+
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@anomalloy #oil up, $PNN update on Albanian transaction, indicators pointing up, bids up, sp heading up. http://www.penninecorp.com/Paydirt/crude-intentions-potential-customers-light-oil-appetite-albania #ninjapicks
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@Edp007 "We're extracting scarce #minerals from #oil brine and we aim to supply #PetroLithium to fuel the #cleanenergy economy for years to come." https://twitter.com/MgxMinerals/status/842405472355405825
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from #xmg,
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@Goldfinger Third largest weekly drop in net spec length in WTI crude $oil futures in history: http://cdn.ceo.ca/1ccol0m-IMG_5866.JPG+ $47/barrel might be the bottom end of the range.
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from #index,
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@Goldfinger Managed money funds cut their net length in WTI crude $oil futures by 30% during week ended 3/14 but new shorts exceeded long-liquidation by 2:1. Supportive of thesis that ~$47/barrel is a new range low.
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@anomalloy Whoo hoo! $PNN hits.065 a minute before the bell. Up 18% on the day. 5X avg volume with rumours of insiders buying and news to come in the next week or two. One to watch. #oil #ninjapicks. (And that's all i'm gonna say about it)
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from #hotpick,
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@Goldfinger Hedge funds liquidate ~$4.25 billion in net length in WTI crude $oil futures, lowest net length for hedge funds in 14 weeks.
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from #index,
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@Goldfinger Fibonacci levels are working well in WTI Crude $Oil, also interesting to note how much volume was churned up by $53-$54/barrel level: http://cdn.ceo.ca/1ccqtko-WTI_Crude_Oil_Daily_3.18.2017.png+
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@Goldfinger Shale Sand Miners Have Solid Foundations: https://www.bloomberg.com/gadfly/articles/2017-03-20/shale-sand-miners-have-solid-foundations $SLCA flirting with rising 200-day moving average and key support near $45/share. $SNS closed right at 50-day moving average today, C$1.30 support level is key for SNS. $oil
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@Goldfinger Fillon is sunk ~~~> "FILLON EARNED EU50,000 TO SET MEETING W/PUTIN, TOTAL CEO": BFM - BBG $France $oil $Russia
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@Goldfinger More carnage in silica sand stocks today, $SLCA -5%, $SNS -6.4%. $oil
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@anomalloy Big block purchases on strong buy signals for $PNN at .055. #hotpick #oil https://www.barchart.com/stocks/quotes/PNN.VN/opinion
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@Goldfinger U.S. crude $oil production up to 9.13 million barrels/day, inventories at new record high level: http://cdn.ceo.ca/1cd7oek-Crude_Inventories.png+
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@Highheat @Goldfinger Are we still at a "tradable low" for #OIL?
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@Goldfinger @Highheat I wrote that March 10th and we got a bounce from there, albeit small one. I am long $OIH and $SLCA as of now. $oil
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@Goldfinger U.S. Crude $Oil Exports By Country: http://cdn.ceo.ca/1cd8384-US_Crude_Oil_Exports.png+
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@anomalloy $PNN half cent away from 52wk high on open, daily avg volume up, and robobot TA gives it 96% buy, fyi https://www.barchart.com/stocks/quotes/PNN.VN/opinion #oil #hotpick
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@Goldfinger $Oil (Brent and WTI) open interest continues to climb: http://cdn.ceo.ca/1cdad69-IMG_5959.JPG+
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@Goldfinger I had a surreal moment in a parking lot in Boca Raton, FL a couple days ago; every single car in the parking lot was either a pickup truck or an SUV. And so it becomes difficult to stay bearish on $oil for very long... http://cdn.ceo.ca/1cdaha8-Truck_Sales.png+
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from #index,
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@Goldfinger $Oil futures specs cut length by more than 33,000 contracts during week ended March 21, $gold futures small specs cut net length ~4,500 contracts in same week.
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@Excelsior 1) #RickRule on #stocks, #oil, #gold and #silver, and the future of the markets David Moadel – Mar 22, 2017 “Rick Rule on stocks, oil, gold and silver, and the future of the markets // investing expert, investment tips, stock market collapse 2017, market crash 2017, recession coming, stock market collapse imminent today, stock market crash explained, when will the market crash, when will the stock market crash, stock market crash predictions, oil market crash, oil market collapse, bond market crash 2017” https://www.youtube.com/watch?v=apooy6jvQzc+ 2) #RickRule at #PDAC 2017…”We’re about a third the way through this Bull Market”… Mar 22, 2017 - Mining Clips https://www.youtube.com/watch?v=pX52nQYDwf0+ 3) #RickRule: Weakness In #Gold Equities Has Me Very Excited POSTED ON MARCH 26, 2017 BY COLLIN KETTELL http://palisaderadio.com/rick-rule-weakness-in-gold-equities-has-me-very-excited/
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@BS Gold price is much less dependent on simple mine supply & demand than other metals (including zinc) because of the large above ground stock. Therefore restarts can work this time around, but #gold price could also drop well below the marginal cost of production for extended periods of time. That's not the case with #zinc, which is used, not put in a safe or jewellery. For industrial commodities significant increase in supply will likely put a ceiling on prices. Technological advances can have the same result. Look at #oil since the shale revolution
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from ~mining syndicate,