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FM3 firstmac mortgage funding trust no. 4 series 1-2020

Ann: General Security Agreement, page-155

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mach8

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05/01/21

17:27

Post #: 49959215
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Originally posted by Corgi: ↑

@mach8 @Bellavena85 @123david321 @GuardianAngel8 @mercsman @ASXO @nzmicro @BrettVadar @bobasteve @karmalocust

Champs,

Rise in the POG from the final week of 2020 was a result of bullion banks closing out some of their short positions (circa 5.6K contracts ) from previous period
Producers who short the future market as a hedge against falling prices also closed out some of their shorts
It's likely that the bullion banks will close out at least 30% of their short positions and carry the losses into this their 2021 financial year
Managed funds investment in the sector remains relatively unchanged from the previous period, There was a slight increased of less than 1k contracts. however, based on the recent rise to start 2021, it's likely they the managed funds have added to their long position
All but dispels the vaccine fake news and positive sentiment and it's impact on the sector. It was complete BS.
Setting up nicely for a big 2021 for the sector. Let's see what the next 2-3 reporting periods unveil.

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Thanks brother for the updates. I don’t pretend to understand all of the lingo but I certainly get the gist. I remain very confident with our investment in TSO for all of the reasons we’ve discussed before. Cheers.
FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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