Simon

#GOLD My subscribers will attest, I closed out of my very profitable Gold trade early this week. The reasons? Clearly price had got very energetic - classic symptom of a big (albeit temporary) top. Also; >LONG TERM Fib Extension chart shows price testing a very important horizontal resistance level (2.618) - See Monthly chart 👇 >It was perfect Daily Cycle timing to print a Daily Cycle High & for price to rollover into a DCL. Expecting 1 week+ of weakness from here, then...?

@DeepBlue290 Investor Cycle Low, the next major low before a trend becomes re-established.

@sich8 Icl???

I am expecting Gold's next ICL around the area of late August - early September. Today's Substack article goes into some interesting "Other" metal charts, (read "Critical Metals"): open.substack.com/pub/sich/p/pre…

No change for my Silver expectations from 1 month ago. Once consolidation has finalised, this will really motor, hard.

I've been a holder of NexGen for the last 5.5 years. Original investment has been multiplied 4-5 X. RR reckons another 10 years to go. No argument here.

@NavyLookout Let me guess, that's £1B starting in 2027-2028?

Credible reports Starmer has approved £18bn increase in defence spending (But spread over 4 years). Claims it would fund the recommendations in the strategic defence review, although many analysts think around £28Bn is required. telegraph.co.uk/politics/2026/…

Panic buying? China's silver imports have reached unprecedented levels. What a chart 👀

@Market39396724 That looks far too optimistic to me.

TLT on it's Weekly... I suspect there is some sweating 😓 going on in the US treasury at the moment. Support again being tested. I was expecting another TACO Tuesday....?

Gold & Gold Miners (shown here using GLD & GDX) continue to show classic consolidation, where Miners underperform the metal. You can see where the Miners were outperforming up to the end of February. Expecting the Miners to re-establish relative strength in a few (+) months.

China keeps up with the gold buying spree as reserves climb for a 18th straight month 🇨🇳🪙

📣 News Alert! AbraSilver Expands Diablillos Mineral Resource Estimate to 248 Million Ounces Contained Silver and 2.5 Million Ounces Contained Gold (454 Moz AgEq) in M&I Highlights Strong Growth at Oculto & Significantly Expands Heap Leach Component “We’re extremely pleased to deliver yet another strong Mineral Resource update at Diablillos, with total M&I now exceeding 450 million ounces of silver-equivalent. This update reflects continued growth in our core deposits while also highlighting a large-scale heap leach opportunity that could enhance the Project’s overall development profile. “ Read more: abrasilver.com/news-releases/… $abra $ABRA.TO #silver #preciousmetals #commodities #argentina

Correction; Monday was the lower low.

US Debt (TLT) looking VERY dangerous again now. Following a Cycle format nicely. Yesterday was another lower low on the Daily. Time for a TACO?

@jcartlidgemp @Conservatives At least you lot are talking about the important subjects regarding UK. Much more of it is required. What about the capability gap (yes, yet another) when the OPV's are out of service? What about clearer funding intentions and planning around Destroyer/FADS replacement? ???

Scrap Chagos, back the Navy - today @Conservatives are calling on Starmer to formally abandon his Chagos surrender treaty & use the savings to accelerate delivery of the Royal Navy’s 13 brand new Frigates. dailymail.com/news/article-1…

📣 PRESS RELEASE! AbraSilver Intersects 68.5 Metres of 343 g/t Silver, including 17 Metres of 917 g/t Silver Demonstrates continuity of high-grade silver mineralization between Oculto & JAC zones at Diablillos “Our ongoing drill program continues to reinforce the scale and growth potential of Diablillos at a key stage in the Company’s development. The latest broad, high-grade silver intercept between Oculto and JAC further validates the continuity and quality of the existing Mineral Resource, while ongoing drilling at Oculto East continues to successfully target growth and extensions beyond the current conceptual open pit boundaries.” Read more: abrasilver.com/news-releases/… $abra $ABRA.TO #silver #preciousmetals #commodities #argentina

@Gabriel64869839 "Key components" being, ahem, Blk 4 F-35 update?

Written Answer yesterday says, about SPEAR 3: "fielding this critical F-35 warfighting capability is targeted within joint programme from FY 2028-29". This implies some problems have been overcome because even recently we were hearing "no earlier than early 2030s" (1)

@enviro1993 @NavyLookout Yes I agree. But same argument applies, T31 will predominantly be used in local/euro waters anyway & balance needs to be struck with promoting our T31 market?

@sich8 @NavyLookout Do that and we will lose a hull. The Type 31s are on their last legs, we urgently need every new hull we can get our hands on.

Competition for 🇩🇰Danish Frigate project (Which includes Babcock Arrowhead 140) intensifies. 🇰🇷South Korean HD Hyundai Heavy Industries (HHI) claims it can deliver up to four HDF-6000 frigates by 2031 and is 20-30% cheaper than European options. dr.dk/nyheder/indlan… H/T @HthHans

@NavyLookout One must assume these things are vulnerable to hostile actions though?

ACUA Ocean has successfully delivered 3 contracts under the Royal Navy's Atlantic Net Technology Demonstrator (ANTD) programme. Working with sensor and payload partners, USV Pioneer provided surface ISR capabilities, remotely deployed a sonar float and a towed array solution. The deployments in December and January highlighted the importance of both Pioneers modular payload capability and stability, being able to operate and deploy sensors in sea states where other USVs had to return to port. navylookout.com/stability-over…

On Silver's Weekly, you can see how the 2 Bollinger Bands are shaping and funnelling price towards the drawn box. The next 3+ months will act as refuelling for Silver.