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DrBubb's Diary - June 2019 Trading - v.125

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The first Fed cut this year should trigger the huge breakout. Should arrive in July or latest September.

===== (following added in edit by Dr.B):

TOP ... : Chan-GE : MP : PP : Charts2Acore : Fringe :

t24_au_en_usoz_6.gif : idx24_russell_en_2.gif : idx24_hui_en_2.gif :

3d : ag : au : 10d-Gvs.UK : >News : DrRp : AJo : Fox : WRH : Arc : RenA : Rvd : FxN :


BTC all data: 8yr: 4yr: 3yr: 12mo: 6mo 1mo 10d 10d 5d / SLV-lv


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Fed to Tank Dollar. Gold May Rally Above $3750 Before December

Fed to Tank Dollar. Gold May Rally Above $3750 Before December 2019 -  dobson777a  Published on 11 Jun 2019  References 
https://www.silverdoctors.com/headlin... Fed is out...read more

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Could Equinox Gold make a bid for Gran Colombia?

EQX vs-GCM ... update : 10d / Last: C$1.16 / C$3.99 = R-25%


CEO Ross Beatty will visit Gran Colombia's mine.

Beatty is a darling of Bay Street and Wall Street to, so he might get a much higher valuation for GCM's world class assets

"It's a BUYER's Market (in Gold assets) Right Now!," says Beatty

Ross Beaty: Preparing Equinox Gold for Next Run


...only speculation right now, partner for Marmato or other projects of GCM? Iacono said in his last interview, if the price is right we could sell the company,

we are here to earn money. Lets see... in every case should be good for the share price.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29816690#R9XQcZoqYgtLivTP.99

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Old Notes - Now this... in Hong Kong

HK Safe?
+ Pressure on the HKD-USD peg
+ Looking at the HKMA Exchange fund it is clear that money has been leaving HK. Since 2016 the fund has gone from $55bn to $7bn
+ HK economy tied to China, while HKD is tied to USD
+ Leverage in HK-China system has reached unprecedented level. China, 400%. HK: 900% of GDP
+ China is using more & more debt to keep its rapid growth going. Now Over 6 units debt for each unit GDP
+ HK grew at the slowest rate in 10 years during Q1
+ Meantime, China defaults hit a record, 3.4X the same period in 2018
+ “China Manufacturing is falling off a cliff”

'Blatant, Organized Riot': Hong Kong Protest Descends Into Violence, Police Fire Tear Gas And Rubber Bullets At Crowds Storming Government HQ

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The "ALL ENERGY" chart has broken down - Where is the Low?

All Energy ... fr. mid-June.2018 / USO: $10.64, NGas: $0.0235, U.t: C$4.32, URA: $11.91, BTU: $22.52



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Norway To Okay $1-Trillion Wealth Fund’s Plan To Dump Oil Stocks


Norway’s Parliament is expected to approve later on Wednesday plans by the government’s US$1-trillion fund—the world’s biggest sovereign wealth fund—to divest from oil and gas exploration companies in a landmark decision that could impact future investor attitude toward fossil fuels.

After months of deliberations, Norway’s government proposed in March that the Government Pension Fund Global, as the so-called ‘oil fund’ is officially known, divest from 134 companiesclassified by the index provider FTSE Russell as belonging to the exploration and production subsector. As at the end of 2018, the Norwegian fund held stakes in E&P companies—under FTSE Russell’s classification for such—with an approximate value of US$7.6 billion (66 billion Norwegian crowns). This corresponds to 1.2 percent of the fund’s holdings in equities.

The move by the fund, which has amassed its vast wealth on the back of Norway’s oil and gas revenues, comes at a time when investors are increasingly pressing major oil companies to start taking climate change seriously and to prepare their business portfolios for a world of peak oil demand, whenever that may come.

.  . . Norway, however, is motivating its decision with financial reasons, aiming to cut exposure to the oil price risk. More importantly, the fund will not be divesting from any of the integrated Big Oil firms.

According to Bloomberg, there is broad support in the Norwegian Parliament to approve today changes to the investment criteria of the sovereign wealth fund, including dumping pure exploration and production oil companies and tightening the rules for investing in coal.

According to Germany-based environment and human rights NGO Urgewald, the Norwegian Parliament is expected to vote in favor of the government’s proposal to tighten the coal exclusion criteria of the sovereign fund.

The more stringent criteria expected to be passed by Parliament are “all companies which are operating over 10 GW of coal-fired capacity or producing over 20 million tons of coal annually will be blacklisted by the Norwegian Government Pension Fund.” This would affect eight major companies, including Glencore, Anglo American, Enel, RWE, and BHP Billiton, according to research from NGOs Urgewald and Framtiden i våre hender (Future in our hands).

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NatGas got down to $2.31


Why Dallas Cowboys owner Jerry Jones is betting big on natural gas

Dallas Cowboys owner Jerry Jones knows a winner when he sees one.

Jones, who made a $140 million bet on the Cowboys franchise 30 years ago (today the team is worth almost $5 billion, according to Forbes) is now looking to do the same thing in the struggling natural gas sector.

Jones-controlled Comstock Resources is acquiring rival Covey Park Energy in a $2.2 billion deal, with the Dallas businessman putting up $475 million of his own money toward the deal. The move is a big bet on what may be this century’s most important global commodity, natural gas.

Jones, as reported by the Wall Street Journal, said that “I believe in natural gas in a big way, I don’t know of any individuals…that have put the kind of money out as I’ve put in this thing.”

Oh, sure you might say that the natural gas sector is beaten and battered, and its best days are behind it. Of course that’s also what they said about the Cowboys in 1989.

Jones saw something then in the struggling franchise, which has become the most valuable team in the NFL, according to Forbes. And today he is correctly seeing a big opportunity in the natural gas sector.

"I am excited to provide the funding and to team up with Denham Capital to combine the two companies to create the basin leader in the Haynesville shale. This combination is another step toward completing my vision to create an industry leading natural gas company,” Jones said in an online statement.

Of course, in the short-term, Jones may find making money on shale oil and gas may be as challenging as winning in the NFL. Record U.S. production and the lack of pipeline capacity has made it difficult or impossible to make profits.

Investors have been badly bruised, and many have given up on the sector. The Wall Street Journal points out that natural gas prices have fallen over 19 percent this year. Many analysts are predicting an endless era of low prices.

Jones understands that low prices eventually cure low prices...

> more: https://www.foxbusiness.com/features/dallas-cowboys-owner-jerry-jones-natural-gas

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I bought Calls yesterday

ESV / Ensco Plc


Date ET Symbol Type Headline
2019-06-13 16:30 U:ESV News Release Ensco Rowan plc Receives Investor Proposal
2019-06-10 08:30 U:ESV News Release EnscoRowan Announces Successful Completion of Consent Solicitation with Respect to Rowan Companies Notes
2019-06-03 18:30 U:ESV News Release EnscoRowan Announces Consent Solicitation with Respect to Rowan Companies Notes
2019-05-22 17:29 U:ESV News Release Ensco Rowan plc Provides Update on Dividend Policy


Ensco Rowan investor seeks $2.5 billion dividend payout - Reuters

2 days ago - Deep-sea oil driller Ensco Rowan's investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of ...

June 12 (Reuters) - Deep-sea oil driller Ensco Rowan’s investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of $2.5 billion to its shareholders, sending its shares down 6.3%.

Luminus, the investment advisor to funds and accounts that own 4.5% stake in Ensco Rowan, said it is disappointed by the stock’s performance both before, and since, the Ensco-Rowan merger.

Luminus urged the company to launch a priority guaranteed bond offering to fund the dividend.

Ensco Rowan’s shares fell to their lowest in more than 26 years on Wednesday.

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OILIES Bottoming Together Again?

BPT, USO, OIH .... update : 10d : $16.04 -0.25%, $11.25 +4.07%, $13.80 +2.22%


: 10d : $16.04 -0.25%, $11.25 +4.07%, $13.80 +2.22%



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GCM ... update-10d :


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