To The Moon

$Elixir Energy Ltd(EXR.AU)$ Same old same old... I am not going to sugarcoat my trades. AI related trades are all the rages right now, with the on-going war, in the midst of a fragile ceasefire and a big US government debt (and counting) concerns, US markets are making their all time highs (ATHs) like nothing happens. More big techs are borrowing record amounts to throw after their AI obsession, and investors and speculators alike have no qualms in throwing hot money after them. 

I am not sure about you. I am concerned if not worried. However, like many others who did not follow Warren Buffett "into the mountains", I still have plenty of chips in the market. In short, when the collapse comes (and it will, just when), I might be too slow to evacuate out of the collapsing market.

That's why I try to hedge as much as possible while I am still around. Oil and gas, gold and silver, maybe platinum are some of my hedges. They might not sound convincing or conventional, especially when gold and silver prices have been reacting alongside markets movements lately. Oil and gas are tied to economy, which doesn't make for good hedge in collapse.

Gold and silver might move in tandem with the market now, but history shows a big diversion between them. Furthermore, they are good hedge against inflation, I expect them to perform during stagflation too, which has a high chance of happening.

Renewables still have some way to go. Besides China and a few rich but small European countries, the rest are hopelessly dependent on oil and gas. The US - Iranian war has amplified this problem and it won't go away anytime soon.

I see oil and gas as a natural hedge against war related inflation. Obviously I hope the war will end asap. That would see my daily expenditure decreases, or to the minimum, stagnant. However, I would just hope that the profits from oil and gas trades are enough to cover those extra costs! [Facepalm]  [Spurting]  

Back to $Elixir Energy Ltd(EXR.AU)$  , yes, it's still young and in exploring phase, but it's a safe bet as well. I see enough in those drilling result to know the gas and condensate are real. More importantly, it is keeping good company. With $SHELL PLC(SHEL.UK)$  and $Omega Oil & Gas Ltd(OMA.AU)$ , EXR can't be too bad. It's just like the human company we keep. Future outcome could be inferred from its neighbours' results. Isn't it obvious there's still a long way to go for this share price run? [Tongue]  [Silence]  

Looking at technical charts, EXR is seemingly forming a cup and handle (likely but not definitive). If the handle indeed completes itself, we are looking for a doubling of target price from here... yes, a mouthwatering 30 cents! 

Have I interest you yet? If we don't buy when nothing is happening, when? Yes, it's a new 12 months high, but how many of us can buy at the lowest point without catching a falling knife 🔪?!

@TigerStars @Daily_Discussion @Tiger_comments