/biz/ - Business & Finance

>>50699529
>WW3 on the menu

Oil chads are your bodies ready?

What the FUCK is uranium's problem these days? Were just going to crab and fucking CRAB

>>50699685
I want it to crash so I can buy more

>>50699814
Yeah I'll take a crash, anything except for this bullshit going on these days

>>50699828
The market just sucks right now. I’m seeing interesting things with the precious metals though the miners seem to be getting some attention lately I think everyone has realised just how dirt cheap mining stocks are right now

>>50699859
Yeah I've loaded up on a bunch of Jan 2024 barrick gold calls for super cheap. Should be basically free money at some point over the next year. Newmont is also looking cheap, BHP and Rio for a decent divvy

Lagoon bros +24% today!

>>50699948
Japan countryside level pump beginning. We're all gonna wagmi

>>50699685

What do you mean? The Uranium companies are pulling nice numbers.
Many of them are up like 30-40% since last month.

My portfolio is too green today, something bad must be around the corner.

removed the retarded youtube videos so that's a start. next remove the dumb schizo boomers and put some serious macro analysts like Jeff Snider and Lyn Troon there.

>>50699529
this is a better OP, less busy

>>50699685
>What the FUCK is uranium's problem these days
Cameco was up like +25% in July. from 20$ to 25$

>>50699685
I'm willing to sell you my Peninsula bag at 0.26CAD

I'm getting rid of every uranium and big cap Gold/Junior stock I have. All-in junior for this leg-up.

Our time will come...

Remember how Nickel traded and went parabolic ?

Well, LME has nothing one to be worried about now...

>>50702022
How do I profit from this.

Is real estate included in commodities? Or do we just not have a real estate thread

>>50702149
its going to fuck electric car production

Ok friends, give it to me straight, will gayhorse ever actually recover, and even if it does, am I better off selling now and rotating the money into another small cap silver company with better management? I was thinking of upping my Impact silver, or opening a position in GSVR. I dont like central/south american jurisdictions and that's one thing I liked about the Gayhorse.

I want to buy more, but am nervous its about to fall down again.

>>50702694
Sorry bud, we are into stuff that has a potential to go up.

>>50702847
anon...

>>50702927

>>50702927

>>50702788
>Buy low sell high
BHS is a leveraged play on silver.

My current buy in is .065 i am selling at .20

Warrior coal earnings tomorrow. Sold off my coal to put into it. Had an explosion a few months back so imo earnings can only get better. I loved the coal but it might be me last play for a while. wasn't about the money, my wish came true. I wanted to make more than my crypto wanker m8s. Maybe thats why they don't speak to me now. Strength and honour

ATH

>>50703477
>BHS is a leveraged play on silver.

So you still believe that despite the red flags that have been appearing? GO living in Thailand, complete lack of communication about anything from production, pre-production, drill programs, assays, any work being done at the mine whatsoever, mystery problems at the mine/mill that should have been easy to resolve but end up being used as excuses for months/years. The perpetual 2 more weeks for everything. No company insiders buying anything even at these very low levels.

Is there no better leveraged play on silver anywhere in the market? I want the stock to do well but I also want to make my portfolio grow, at the end of the day any silver company can be the hero my portfolio needs but doesn't deserve.

>>50702788
Go back and read all the fud "DD" by silver scammer anon and that retarded guy with all the brain damage to remind yourself why you bought at the highs, then realize you can continue to wait as you can still sell at an even lower price to lose even more money on this guaranteed winner of an abandoned silver mine.

The only good thing about the shitty low class pump and dump scam attempt was the posts by Lassen bro and his buddy Tonto who caused the shills to have seizures and conspire to fabricate false allegations. It was glorious.

Despite all attempts by the retarded shills the stock price collapsed and the company failed, in just two more weeks. Even their attempt at some type of recover by spamming that silver ends the fed shit on /po/ and shitting up their own SETF threads with buy bayhorse post failed just as badly.

One of the things that stopped me from coming here is the constant discussion about BHS from both pro and anti, you guys are the worst humanity has to offer. Can't you just shut the fuck up and act like adult, just ignore this company, who care if it succeed or not.

Not being able to ignore BHS post from either side just show how retarded you are. Most BHS poster just want to shit the thread and you feed them (you). Shame on you really. Thread is dead not just because of PM going down, you are the cause.

>>50704497
It gets pumped with silver and at the very least i can snag a 300% return once silver goes up.

Who cares about two more weeks from the G man if this bad larry pumps again which it probably will. I can sell at a decent profit.

Besides if he pulls it off my cheeks will be slow clapped.

Lagoon Chad's Japanese boobas are within our reach

>>50704497
when I am looking for a shitty pump and dump company to buy stock in I prefer a company with no revenue for the last five years, and the CEO selling more than 11,000,000 shares within the last year as the stock price crashes. Oh, and the company never delivers on anything, but the pumpers keep spamming how the share price will increase from 4 cents to 4.1 cents once the price of silver is 500,000 per ounce. That is how I got to where I am today.

Maybe our hero silver anon can post some of those technical drawings and his financial analysis showing how the company is not like others, has 4 PhDs, and the CEO wears a cowboy hat.

>>50704781
>stock price collapsed and the company failed,

The stock price collapsed but the company is positioned in this moment better than ever. I'll only say this in /cmmg/, the BHS whales have been publicly fudding the company and privately scooping shares. The growth potential of BHS has the same price ceiling at .04 as it did when the stock price was at .2

That's what's most humorous about this situation. The the upper-limit that the company can ascend to is the same but the stock is cheaper. Most of the FUD that's circulating is only possible because GO is a poor communicator.

If you choose to believe the fud, then just sit this one out, but Bayhorse will be a mega I told you so. When silver hits $30++ BHS will well exceed the ATH of last year, especially with all the warrants being cashed in.

Hey guys been out of the loop with a new baby, but sitting on a bunch of old recs from over a year ago. I see aya and blue lagoon are both up. Everything else is down. I'll hold, but whats the latest companies that are solid? Otherwise might just stick my stuff in aya, blue lagoon and first majestic.

Thanks

>>50705109
>BHS whales have been publicly fudding the company and privately scooping shares
Don't tell them. It's sentiment and low silver prices dragging it down. I'm accumulating a lot of shares right now. Honestly buying any company right now will give a easy 10x when Silver goes to $50.

What happens when you let a crypto bro run your company.

>>50705109
>>50705176
I have been slurping fellow Chads. That said i am going to now focus again on stacking silver.

I do want to sell 75k shares at .20 to be able to not have any anxiety about this trade.

See you on the other side space cowboys!

>>50705176
>It's sentiment and low silver prices dragging it down.
I'm with you brother.

>Honestly buying any company right now will give a easy 10x when Silver goes to $50.

This is true also. I focus a sizable portion of my capital on BHS because it's way oversold, and I though the entire sector is fudded the fuck out, I don't think the other companies that will actually become 'producers' are fudded to the extent of BHS.

>>50705176
Yes, I agree, the wales are driving the price down as a way to increase their profits. I know whales are buying the stock at a record pace bases on how there are no big buys on the any of the exchanges and the price is in the shitter.

Bayhorse is not a silver mine, it really is a gold mine - for memes about a failed pump and dump and a shitty mining company that failed at everything. The memes are the real value.

>>50705459
>. I know whales are buying the stock at a record pace bases on how there are no big buys on the any of the exchanges and the price is in the shitter.
The whales have all the bids set and are providing liquidity for holders exiting their bhs positions. That's why it goes under the radar. You're observing what's happening from an ultra superficial perspective.

go on without me, bros

>>50705109
And how would you know this, and provide some proof.

>>50705687
You should follow the TSX listing for more accurate price, 200x more volume traded there today. That listing is up to 12c canadian so you're still gonna wagmi.

>>50704788
Honestly the bayhorse posts are above average in entertainment value desu, the whole thing is pretty funny.

>>50705547
>The whales have all the bids set and are providing liquidity
why yes, of course, how could I have missed this? The whales are all conspiring to help bayhorse and its stockholders by coordinating their stock buying to ensure all the other stockholders are protected from selling at a loss. I see now, the big money is buying to keep the stock price up as the stock price falls, even though the stock price is falling due to the upward pressure from all the buying. How could I have missed this? You see, this is why I come to CMMG - for this type of unique insight into investing. Like you wrote, it all goes under the radar. But the radar seems to pick up on all the insider selling. Is the insider selling part of the whale's efforts to provide liquidity at a higher stock price? That would make sense for Bayhorse. Like buying a one million dollar ore sorter, but not having a mining permit. But, then you somehow find all this pre mined ore just sitting in you mine - it was always there, you just did not notice it before. You were so busy not mining that you walked past it day after day. Then sign a deal with Ocean to process all the ore you never mined. Then you build your own ore processing facility because you have a deal with Ocean. All the while diluting the shares to provide liquidity for the stockholder to sell their shares as the price plummets. Yes, it all makes sense now. Thank you.

>>50704781
>Retarded Brain damage guy

Lol. We've come a long way guys.

Yeah I was in bayhorse at first when they had a decent investment case but pretty quickly once it was clear they didn't have Jack shit I left and started warning all you guys and went to the anti side. If you'd have listened to me you'd have sold about 11 cents or so.

Turns out I was right just like almost every other call I've made in this thread.

>brain damage guy

You're welcome.

>>50704877
This was my whole problem with bayhorse once we dropped it. You can pick literally any other silver miner and it will get the same pump effect as bayhorse would and I don't give a shit about the initial couple x of gains because bayhorse is so small. If you're a believer in the theory then you'd be making 3-50x on any other miner and if that's what it's all about then you're playing based on pure greed and you'd deserve whatever happens.

Why not impact whose ensr cash positive or literally dozens of other miners.

Not looking to argue and not interested in debate, just making the point.

>>50704781
And you can act like you're pissed off all you want but deep down you know that was some legendary shit.

>>50705170
Ah yes fem Anon poster. Good to see you.

Lots of characters coming back. Interesting. I sense a convergence in energies.

>>50705810
Thumbs up. Jpg

>>50702927
>tricked by scale
charts are for morons, this demonstrates exactly why

What's the over/under for bagmare posts itt?
Be honest tho. I'm thinking 85 total by the time we hit 300. I guess that includes my post about counting the posts
Also if silver jew is here reading: fuck you. I hope you die with your own family's remains in your stomach you fucking soulless pedovour

>>50706719
He probably hangs out on the bayhorse reddit.

>>50707173
I've found some of his memes/images on other sites because the nigher is too damn stupid to rename the file after posting it here. I had a six month head start, hence the warning in Januaryish of last year. When it's all over I'll put my emails and whatever else in a drop box for the eternal lulz at his expense. I only hope he commits suicide, but it won't be due to embarrassment or shame because he can't feel any of that, being a sociopath and all

>>50706044
>honestly famalam its because ive watched it for almost two years and no when to sell now.

>>50705205
pic rel

>>50696059
>This is the kind of dishonest shitposting I'm talking about.
really, nigger? weeks without discussion?

>UUUU bags for 6.10
>selling CCs ATM on the way down
>didnt go hard at 4.80
>might actually get called away
Mind you I've made like 0.80 per share against my cost basis but still.
I shouldve sold now since contracts go for 0.90, while I sold at 0.50 a few weeks ago

The only chart that matters when it comes to GayHorse ...

I just read the last few press releases from the horse and back in March they are talking about currently mining stopes, so they are apparently mining. But not so fast because in the next release they say they are still waiting for the full permit. So they are doing small scale mining under perhaps a bulk sample permit or whatever. No other info about how much they have mined and what their plans are. It's bizarre how little transparency operate with. On my phone now so can't be bothered but maybe q1 earnings report show some revenue, should be on their sedar. Q2 earnings this month maybe.
I'm pretty sure they can't make money at 20 silver though, even with full production. That's definitely part of the big slump, market knows this, but I remember all the believers kept repeating $10/oz cost, probably because silver jew had that in some of his hype material, not going to happen though.

>>50701573
0.13AUD or no deal

evening all! Newfound Gold back with some more stunning drill results!
https://resourceworld.com/new-found-gold-drills-45-9-g-t-gold-over-2-75-metres-at-queensway-newfoundland/

>>50707993
Did he make it up, or actually believe the $10 thing. Also, if they are in a good spot, they wouldn't be diluting or selling, am I right?

https://www.mining.com/globally-more-is-being-spent-on-coal-than-copper-mining/
Thats a stunning show for how the world is really working.

>>50708883
>Did he make it up
It was an admitted pump and dump scam. People started looking into the business, reviewing info with Dept. of Oregon mining, reviewing the bs "technical reports" lame horse put out, and the total bs "DD" and found errors, mistakes, total bs, fraud, you name it. The pumper openly talked to each other in the threads about how to respond and how they just copy pasts their prepared bullshit relentlessly. They would talk on another site about what to post here, but some were so stupid they forgot which site they were on and were talking in the open on this site and anyone could read how they were planning to respond and what type of bullshit they were preparing to try to patch up all holes blown in their "DD" by simple questions.

Bayhorse pumped the line years ago they were going into production but the did not have production permit, only a Exclusion Certificate (ED) number 01-0206 which limits the amount of rock they can mine. As of June 30 they still only have an EC. They claimed they did not need a drilling program, then bayhorse announced a drilling program and delayed, delayed and delayed the results with the stock pumper claiming the labs were backed up. Once the results were announced the results sucked ass. If you got shitty results would you pump money into a full scale permit application and mining operation, or dump your 11,000,000 shares and pound lady boys in Thailand? You decide.

a 335 m thick sequence of arkosic
sandstones, arkosic granite-cobble conglomerates, volcaniclastic
sandstones and ophitic, coarse-grained, olivine basalts

is this a good thing?

What do you think about investing in juniors in the USA?

Seems risky in Oregon I am worried some hippies will spoil it.

>>50702022
It's not only Aluminium.
Copper, Lead, Nickel, Zinc...
It's over.

>>50710373
>>50710250
I wouldnt be surprised if it turned out bayhorse was paying the shills to be here. At least one or two of them. It was just way too inorganic.

>>50708649
Nice, NFG is bouncing off a historical support zone ($5.30) and yet its just as promising as it was when it was trading at $8+.. still long.

One CEO user says:

I do like the NFG story overall, but I do have issues with today's results as there is a lot of grade smearing going, especially with holes 577, 580, 586 and 610.

>My geology and mining background is telling me that the veining are too narrow and structurally complex to be profitably mined from an underground, especially when you layer on the fact that true widths are not known. I personally take issue when exploration company's 'dress up' (AKA grade smear) results for retail buyers. The long term result is always a bunch of upset retail buyers holding an empty bag! Can't blame people for hating this part of the mining space.

PAN MAN, is there anything to worry about here or is this just more NFG hate from shorts? I remember during their November drilling program that majority of NFGs initial drilling cores (picrel) were below the verification cores (in red). Alot of people were weary since NFG didnt disclose this in their first NR. These are two different issues, but just examples of how these miners can be quite mercurial in their presentation to retail investors eh

Also we have Pharma Bro back on youtube giving tutorials on markets and in this video he does a deep dive on Google as a company, and provides alot of valuable insights:

https://www.youtube.com/watch?v=zpnv_g8lfEA

>>50710667
I've been following this NFG attack by shorts for a long time. After a while on ceo.ca you'll notice the same language and writing style used by 1 guy there that's had at least 4 different IDs. It's just FUD and misinformation designed to shake people out.

>>50709674
Coal is on a roll.

>>50710250
>The pumper openly talked to each other in the threads about how to respond and how they just copy pasts their prepared bullshit relentlessly.

Holy shit, this is reminding me why I haven't come here in months. The way you faggots spin this is unbelievable.

The reason it was suggested to just copy / paste dd is because the bhs haters were so relentlessly full of shit we decided it was in the best interests of our time / mental health to post preconstructed dd and let anons decide for themselves the value of it. Too many hours were spent arguing with anons who argued only in bad faith and it wasn't productive.

Furthermore, GO himself said the labs were backed up. This statement was actually confirmed by anons who did a bit of investigating into the laboratory. There have also been 'numerous' people who have gone to the mill in Idaho during the workweek to see what's happening down there.

You're framing bhs in a context as if they are outright lying when in truth the only misleading one here is you.

>>50711575
These scums have no limit on painting based small caps anon in a bad way. Even after he gave dozen of 10 bagger, i regret not following his tip early 2020 and waited too long, would already be close to my 500k goal.

Go your way and forget about here, too many fuckers.

>>50709674
Mining coal and drilling for gas and oil are the key to building a greener planet desu. Electric D8 caterpillars bro. Two moar weeks we plug them into the nearest wind farm and cut you a road to the next coal/gas/oil site so we have enough energy to build the next wind farm.

>>50712587
Your point ? Anyone would know who i am based on how i talk. On my phone so new id.

>>50710709
thanks for sharing man
that github is actual gold
shkreli is a good guy, fuck clinton

>>50702927
why did you arbitrarily pick 2008 as the starting point? because we know how to cherry pick too. over the last 20 years, Gold (a commodity) has outperformed the SP500 by a factor of ~3:1

SP500= +209%
Gold = +589%

and no, real estate is not a commodity. real estate is one of the 5 major asset classes on its own. there is no real estate thread that i've ever seen, but this is also a MACRO thread, so you could talk about real estate here as it fits into the macroeconomic picture

Bonanza assays soon frens?

Reading through this thread it is apparent that the Bayhorse shills are having conversations with each other again. This is done to make it look like there are many genuine anons interested in buying shares, but in reality, its just 1 or 2 pajeets using multiple IDs replying to each other's posts

never forget that Bayhorse has produced exactly ZERO ounces of silver except for that 1 circular ingot that Graeme took a picture with. 3 dilutions in the past 2 years and they are still bankrupt because they have no cash flow

if the shills are back and they manage to pump Bayhorse in any meaningful way, I would suggest to everyone still holding shares that you use that pump to SELL your shares for a breakeven price and GET OUT of Bayhorse if you are given the opportunity.

use the pump to your advantage this time - you've been through the pain and you've earned it.

>>50708649
Thanks fren! NFG and Snowline sure seem to have the 2 most exciting and monster gold discoveries going. Snowline just dropped more big news too today

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2961-cse/sgd/125733-snowline-gold-further-expands-mineralized-footprint-of-valley-zone-and-mobilizes-third-drill-to-its-rogue-project-yukon.html

>>50713908
It will be a fun day here when silver hits $30 and Bayhorse potentially goes 4-5x today's sp. There are some good bros here with big positions, I'm pulling for them

Is Abrasilver still a good buy?

>>50710667
looking back on their results i am inclined to agree with this statement, the veins might be to complex to properly go after with underground mining but it will be hard to tell if this is the case without more info. I ll do a bit of digging looking at their previous drilling results and get back to you later today, i am going to be busy this morning.

Having a massive vein UG doesnt always help mining either, it also depends on whats hosting it. If the vein is hosted by incompetent rock, say a fissile mud stone, and you pull that vein out, the host starts caving and you get unwanted dilution of the vein material when you go to haul it.

>>50713922
dam that projects doing exceedingly well!

>>50714145
kek, don't fall for that fudsters games pan man, it's the same retard as "@Highgradescoop" at ceo. he pastas the same fud here, follows it up with a Shkreli vid post telling people to sell calling it "valuable insights." That tranny faggot should stay on ceo, but I guess he's tired of being ignored there, shorters are panicking again with nice hits and gold showing strength

>>50714337
still though i ll double check New Found Gold's news, its been ages since i really looked back on a bunch of these companies. You cant be to careful with how these companies report their findings.

as a side note has anyone seen Silver Bullet Mines posting their assay tests as "bullion" on twitter?

>>50713953
This is the dream friend. I have my dollar cost average at .0667 will start selling at .18-.20 and let a decent position ride the lightning.

This is the most exciting time of my life to be honest. It is gambling, but the possible tendies are too delicious to not play.

>>50711575
Silver jew is this you? If so i am
Balls deep in bhs and still thank you for the solid work also on Nicola

yesterday i was going to post about uranium again but i lost the will to do all the typing. i'll do a little now.
some or all of the short-term price action is basically behind us now, but so is half the year in which it was expected, given how much "slack" there was to take up in the supply, which sprott did indeed take up. my portfolio is up moderately since mid-july when i initiated positions in LEU (+19.5%) and DYLLF (+13.5%) on really no substantial news. the NEI conference has been the only significant event and so i think people in the know have been adding, not joe retail. that's a "hold" signal if i ever saw one.
a new catalyst will be needed to start climbing the next leg up. i don't know what that's going to be; i don't predict the future. regardless, if you're excited about it right now, cool your jets. and if you're skeptical, remain emotionally neutral for now because you'll likely get a good entry point later this year.

>>50713953
It just won't die...

>>50714603
I've never heard panman say a bad word in two and a half years.

Were lucky he puts up with us...

>>50714911

I've said a couple times over the past month that you should absolutely not be selling uranium right now. Seems a lot of anons in the thread are selling uranium....

Just want to go on record and make the claim that you should not be selling uranium right now....

>>50715222
>I've never heard panman say a bad word

I have, a lot

>>50715177
Senpai CMMG was started because BHS shilling on PMG and people wanted to separate miners from metals.

You just have to accept that probably 20+ anons hold positions from 10-500k shares and have been holding.

>>50715375
>Nicola

>>50715375
>>50715391

>>50714337
>1 pbtid

lol nah man i've been in /cmmg/ since day one (and beyond) and have contributed in almost every thread since. CEO pumpers/dumpers on the other hand are a special brand of scum and I share your resentment of them.

And as I said in my op, I'm long NFG with around 1k shares. There should be no issue with me asking the resident expert on his take on the latest results and past performances. Doesn't make me some cross-website samefag who carries a Eric Sprott voodoo doll as you assumed..

Congrats to all those that got in on BLLG at .30, Trillion at .20 and Encore at 1.00... nice to see commodities markets finally playing nice as of late. Still think there’s a lot of pain ahead until the Fed turns back the hawkish stance sometime in 2023, which I believe is when the far end (30yr) of the bond market is pricing right now

President Retard with another win

https://www.zerohedge.com/energy/oil-surges-after-opec-shuns-biden-proposes-output-hike-ants

>>50715752
>Congrats to all those that got in on BLLG at .30, Trillion at .20
I didn't get in there to start with but I slurped around those levels.

Trillion is currently my second largest holding, just above BLLG and second only to Impact which I repositioned into heavily at the Gold bottom thanks to based Gary Savage.

OPEC insider Dr. Anass Alhajji shares his view on the current state of global energy markets, OPEC spare capacity woes, etc on the latest Power Hungry podcast:

https://youtu.be/K3bZ6wNcK8I

He was most recently on Macro Voices last month and voiced concerns on the energy crisis in Europe intensifying much quicker than we think, with this month being the real kick-off point instead of later in the fall. Speaking of Macro Voices, they had Adam Rozencwajg on to discuss in depth the LNG markets, and the dire position the US will find itself in if shale continues to become less productive due to underinvestment and resource peak:

https://youtu.be/oWPd0su2T9s

>>50715752

There's definitely a lot of pain ahead and we're still very much connected to the larger markets,
After all this isn't just commodities doing well, even the giga corporations are pulling great numbers.
It would be a good idea to get out at the top of this rally and then buy back in after the next leg down, because the next one is going to be way worse.

>>50715837
It's back to negative bro. This market...

>>50713797
Any day now

>>50706094
Hey thanks. Any tips on if I should consolidate my portfolio with any of these? I dont have time to dig through all this stuff anymore right now unfortunately.

Mostly looking at:
irving
blue lagoon

AG
NFG
IMPACT

>>50716379
If you're looking for some sort of consensus I'm guessing Blue Lagoon is the most popular stock here, also Impact and Irving is still talked about. I like Canagold the best right now, Seabridge also looks interesting here. I would definitely not hold AG, but if you insist on a silver miner there really isn't anything great. Kinross is my fav among the larger producers and you also get some silver exposure there through their new Chilean mine. Much lower P/S (better leverage to metal price) than AG.

>>50716379
just added some NFG at $3.97, I hold all those except Irving which might be great too

Sold 50% of my stuff because I expect this to be about the top of this rally or at least the top of this leg up.
Seeing a lot of confluency in these markets. Things look like they're slowing down all across the spectrum after that recent climb.
I'll buy back when they have retraced a bit.

JP Morgan's metals desk never had a losing year, imagine that

>>50716379
I think impact is a really strong play. They always have good leverage to the silver price. I don't like first majestic just because it's too much drama but it's a really good buy right now because it's so cheap if it's still around the seven dollar range. Irving and blue lagoon I look at as long term holds with blue lagoon being the much more solid play.

>>50703105
now everything goes up in tandem, and it goes down in tandem too

>>50717199
>sold

Nice to see drilling cost come down, $100+ oil has not been kind to explorers. I think we're going far lower, sorry oil mumus, but the recession is real and will cause demand destruction.

wow my SEED stock is actually up

When we all make it I'm going to become a warlord. I will challenge the government at every opportunity until they assassinate me. I will go down fighting. I will inconvenience them in every single way.

>>50718225
Oil is still in a downtrend on the daily and weekly chart. Athabasca is still 64% over the 200week moving average. I am watching and waiting. I expect in about a month or so a good buy opportunity will come. . The recession narrative will play first, bringing prices down. Then you buy. Then the scarcity and supply shortage takes over.

>>50718669
And then oil will go to $200.

>>50705205
https://twitter.com/Mayhem4Markets/status/1554560424267366409

Cant stop laughing

>>50718737
>>50718737
lmao, cryptofags will never make it

pic: >a real wagmi buy today

>>50718669
I'm too bearish on the economy to be bullish on oil. Long period of stagflation combined with renewable energy slowly taking over = peak oil demand is already behind us.
I think we will see an average oil price of something like $60/barrel for the rest of the decade, in 2022 dollars.

>>50715222
>Seems a lot of anons in the thread are selling uranium....
I'm one of them indeed, I expect a crash. But more importantly, I want to rotate everything I have in junior Gold and Silver, things are too cheap. I'll take position again in 3 months in Uranium, if I miss the train then so be it, its fine.

I need more shiny miners

>>50713908

Gram O'Neil is pumping out shares faster and faster. The pumper need to really up their game to try to offload all these new shares on new suckers coming to this thread. The pumpers are falling further and further behind, the share price keeps falling faster and faster. Which dilution will the final death blow? No production permit, no silver produced, no revenue generated only dilution. When silver get to 50/oz gayhorse will be bankrupt because they dont produce any silver.

Those retarded shills really need to get to work and get the copy/pasta process to ludicrous speed.

>>50712671
Eat shit nigger

>>50719076
is it over for Rick Rule's Uranium Bootcamp?

>>50719048
>renewable energy slowly taking over
lol
lmao

>>50719130
Truth is, and most don't want to hear it, Uranium bull are just like PM bull. I said last October things were getting shaky and it would be a good time to sell. Tons of people, including here, laughed. Its always around the corner.

Don't misunderstand, I expect Uranium to do very very very well on the long term. I just don't think gains will be as good as Silver or Gold junior miner. I'm going heavy on PM for now and will take position in U again later this year if I can. Tons of PM mienr are at 2020 level, I can't ignore that.

>>50719179
>Tons of PM mienr are at 2020 level, I can't ignore that
based

>>50718630
Post guns

>>50719135
Have you actually looked into the cost of wind and solar energy? There were already off take contracts for solar energy below 3c/kwh for utility scale solar projects when I looked into this stuff years ago, and costs were dropping 10% per year, that has probably stalled for now though with inflation but still, that is much cheaper than fossil fuels. Then you have to add energy storage cost on top because the source of energy is intermittent, and that cost is relatively high right now, but it's dropping every year because this field of study is still in early stages.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/619-tsx/sgnl/125769-signal-gold-receives-environmental-assessment-approval-for-its-goldboro-gold-project-nova-scotia.html

Always good to see permits dished out.

>>50718630
you don't have to be rich to do that

>>50705205
>>50718737
lel

>>50704949
wagmi

>>50719048
You haven't been here long. I suggest sticking around.

Renewable energy is impossible. A dream.

Oil supply is in critical condition


It will take three times the minerals we've ever mined in the history of earth to implement renewable energy.

>>50719076
Well it definitely looks like metals are going to be hot right now. Chris vermulen is actually talking about this on Palisades right now. So can't blame you, however I think not holding uranium is a mistake.

Just make sure you're not chasing friend.

>>50719179
No you were completely right. October was the time to get out and you did say that and I do remember that. I just don't think you should be out of uranium. Completely.

>>50719812
But you're much more effective if you are.

>>50721752
And where is the evidence for that? Doesn't matter how long I've been here, I do my own research, which is probably more in depth than 99% of people itt, no offense.

>>50721957
Lol. Good luck.

Hang around here more. I'm too busy to take you on right now.

>>50721957
Don't get me wrong. We want you here. You have the right head on your shoulders. You're just a little naive.

>>50721977
Do come back to me when you have the time.
I hear so many people say that renewables are not feasible and they just know this for certain, but I'm pretty sure 99% of them have never even looked up a simple cost comparison like this. So few people actually look into things lol.

>>50722058
Wanted this pic actually.
>>50721994
Naive? I don't trust anyone, you're probably the one who bought into a narrative. I look at the numbers.

>>50721957
And just so you know. We are the top researchers in the entirety of biz. Good luck. We find it funny you're trying to flex on us as soon as you get here. You don't know who you're talking to but please fit in and stick around. We want people like you here. I'm not trying to be an asshole. I'm just trying to haze you a little bit.

In terms of research there's a difference between simply believing what you're told versus looking at what the picture actually is. It's clear from your statements that up to this point you're just believing what you're told. We have geologists in this thread. Supply chain experts, agriculture business workers. Mining executives, and other passionate investors who's research skills rival hedge funds. We regularly beat out hedge funds in our preferred sectors. Renewable energy is a complete farce and is impossible for mass scale implementation. Doesn't mean you can't make money on it but to think it's actually a realistic solution is a joke.

>>50722098
Can anybody take this? I have to go.

>>50722098
I actually have been in these generals for almost a year now and I think you're exaggerating a bit on the level of discourse here lol, but I like the threads it's all good.

https://pv-magazine-usa.com/2020/02/04/utility-scale-solar-ppa-pricing-down-4-7-in-2019-with-13-6-gw-of-corporate-deals-signed/

>Utility-scale solar power purchase agreement (PPA) pricing fell by 4.7% in 2019 – settling in at an average of 2.74¢/kWh, according to LevelTen Energy.

Have you ever looked at the actual costs for different types of electricity generation? Renewables can actually be extremely cheap. Hydro has of course also been a very cheap source of energy for a long time.
What about it isn't feasible? Have you looked into the cost of storing the energy with batteries and other measures?

>>50722232
It's also important to understand the nuances of this discussion, many will just blend it all together. Residential solar for example is expensive, installation costs are too high and the angle on your roof is often suboptimal and often in a suboptimal geographic location, so subsidies for residential solar was never a good idea. Utility scale solar on the other hand in sunny places makes for very cheap energy.
Another thing is that prices have come down a lot over the years, especially for solar. So countries like Germany that were an early adopter of solar in around 2012 now pay higher electricity prices because when they built their capacity it was much more expensive than it is today. Also suboptimal geographical location and subsidies for residential solar I believe.
Renewable energy is a technology that improves every year, so even if it isn't cheaper today, which depends on the location and a lot of stuff, it probably will be at some point as costs will continue to go down. There's also the added benefit of stable energy costs and geopolitical risks can be elimininated like the issues we see in Europe today with supply disruption.

>>50722079
Absurd chart. Geothermal cheaper than coal? In what part of the world? How much of the green energy cost reduction is due to government subsidies?

>>50722495
Your argument takes for granted cheaply acquired and easily accessible metals, energies and materials. What happens when you don't have those?

Galleon webinar with CEO coming up on 8/16. Good chance those vg assays from June will be back and released before

https://us06web.zoom.us/webinar/register/WN_QjgYityLSxS0v_Ddprqoxw

>>50722624
>How much of the green energy cost reduction is due to government subsidies?

Exactly. Renewable energy people think they can just get whatever materials they need and they just magically appear. Electricity just magically comes from the wall and they never think about the possibilities of oil going over $150 a barrel.

>>50722624
I don't know about geothermal but that's also a very small energy source so who cares. Solar and wind is where it's at, especially solar as that have been improving very rapidly in cost.
The US used to have a 30% installation tax credit for renewable energy that was supposed to start phasing out. Even if you take that out it's still very competetive in certain places. The numbers are pretty simple. Solar panels are like 30c/kwh today, you can have them installed and everything for 77 cents. 1 kw can generate upwards of 2000 kwh per year and these last 25 years easily.
So say you can get 2000 kwh for fixed tilt, may be optimistic but it's not far from reality. That is 26c per kwh generated every year for 25 years (so like 1c/kwh). Then you have maintenance costs but those are relatively low.

https://www.solarreviews.com/blog/how-does-utility-scale-solar-work

>>50722815
We have always had access to those and there's plenty left.

Looks like the blue lagoon rally is fading already, back to new lows I guess. I’ve been dumping lagoon for snowgold for a few weeks, they are essentially a guaranteed 10x minimum whereas blue lagoon is max speculation still. Could be at bayhorse tier market cap by eoy.

>>50716048
Based Anas. I try to watch everything from macro voices and power hungry podcast, always top notch quality.

>>50723225
I like Blue Lagoon but I'm salivating over this coming drill hole. With their tight float it might go up a buck that day

>>50722624
>>50722844
>subsidies
>>50722997
>tax credit
Without some monumental breakthrough in terms of technology, a drastic reallocation of resources (scotus slaps down epa bullshit), or logistical issues disappearing, the green energies sector will continue to be a pie in the sky fantasy more akin to religion that an industry
If the market demanded green energy then industry would provide it. Without the govt to assist them, they're nothing. Just like every other socialist nightmare ever tried it will fail
These people aren't that smart they're just crafty, disingenuous, snakes that are addicted to huffing their own farts

I think the only commodities you could make a bullish case for right now are Gold and European natural gas

oil is getting btfo in quad #4. lowering growth + lowering inflation = recession. recession is bad for commodities. people in this thread should shift their focus to the MACRO part of the general and zoom out

>>50722844
The extreme future deficits in hydrocarbon production are never acounted for. People also never consider the ambition from developing countries where they are trying to raise their standard of living, will they do it with expensive neodymium, lithium and cobalt implemented as unreliable energy sources that has a low EROI? We are going to see new all time highs on coal, oil and uranium this decade...

>>50724237
>Without some monumental breakthrough in terms of technology, a drastic reallocation of resources (scotus slaps down epa bullshit), or logistical issues disappearing, the green energies sector will continue to be a pie in the sky fantasy more akin to religion that an industry
You say that but provide no evidence, I've shown plenty of real world costs that show the opposite.
Subsidies were needed in the past because renewables were then still more expensive than fossil fuels, that has just recently started to change and installations are increasing exponentially. Saudi Arabia did a huge solar plant years back because that was the cheapest energy source.
>These people
I'm showing you real world costs. I know these to be true because I used to have some investments in the industry that's why I know so much about it, looked at the costs from the companies producing these things as well.
You seem to be arguing against some stereotypical leftie strawman, which I'm not. I know a lot of right wingers will hold your views simply because they come with the territory so to speak but they're actually wrong.
>>50724351
>People also never consider the ambition from developing countries where they are trying to raise their standard of living
I know this is a common argument, think of the poor browns lol. But they are actually adopting renewables because it is starting to become the cheapest option. You think India installs solar to virtue signal? They don't give a fuck, they do it because it's cheap.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/568-tsx/img/125776-iamgold-announces-results-of-cote-gold-project-update.html

New Cote gold project cost estimate just dropped. It is now expected to cost $2.8B for the 35.5ktpd project, how the fuck did they manage that lol? Their estimate when they broke ground as $1.3B, that's more than a 100% cost overrun, just amazing.
Also mining cost of $2.62/t in the study which I'm guessing is probably reasonably reliable. Just something to look for if you are seeing PEAs from these juniors. I was looking at an open pit PEA from 2020 with a mining cost estimate of $1.31/t I think it was, probably going to be at least twice that, was a small project too.

>>50724262
I think its funny how this sector was the worst one all these years, but are set to explode when the time comes, but now instead they will still be the worst.

>>50724680
something terribly wrong with that project management / preplanning.

>>50722997
You throw around all these numbers and costs and government tax incentives but you haven't.once mentioned in your entire argument the materials that solar panels are made of. You sure those will be available?

How is US implied gasoline demand lower this summer than it was in 2020 when everything was put to a grinding halt in lockdown?

>>50724572
But the power to weight ratios of the batteries are abysmal and what you talk about is electrical generation and not transport and heating?

>>50724572
I dont know, you come across as disingenuous when you try to make a point by posting about capacity. Take instead the total PV generation and calculate power factor, its pretty bad, around 10%. They get around 43 kWh per person per year. Lets say they want to raise their standard of living to that of a western country, 10000 kWh per person per year. The growth needed is pretty insane, likewise the one they did from 2010 to 2022.

>>50724572
Aren't solar panels cheap because China produces like 95% of them using coal and slave labor?

My assumption is that China falls apart because they're just fucking retarded with inputs, building railroads to nowhere, ghost cities, and steel below the cost of producing steel because they want to jerk off some party official.

And that you need a shit ton of batteries + electric grid revamp to make any of this stuff work and that the amount of energy needed to make this all work is bullish for oil and other commodities.

>>50725279
Polysilicon glass and steel is produced using fairy dust obliviously.

>>50725294
This stuff doesn't last either especially if they're made of chinesium. They're more like rebuildables instead of renewables. It's an extra burn a country needs to sustain because you need oil or natural gas to make this shit.

Also I've been reading up that the there's a lot of fraud in green energy like for example if in Germany the sun isn't shining (half the year) and the wind isn't blowing they still record it as "green" energy when they fire up the coal plants because it's when solar and wind is supposed to be doing the hard lifting.

>>50725349
Just ignore the scale of the shit you have to build because of the small capacity factor and also ignore the decreasing costs that were a consequence of the shale boom and Chinese industrial subsidies.

>>50725018
Most solar panels are silicon based, they also use glass and an aluminium frame, don't think we're running out of any of those. We aren't running out of anything really, it's just a matter of price and there's always substitution and different tech. First solar uses much different tech than the rest of the industry.
>>50725171
Electricity can be used for transport and heating as well. Electric cars are a proven technology and their sales are increasing exponentially. Yes with subsidies but they are still viable and improving and if governments want people to go electric it's going to happen.
>>50725199
I posted the infographic to show the growth of installments which is exactly what it shows, nothing disengenuous about that. I never said they had completely switched to solar. Clearly from the pic shows that they only just began building their capacity, the transition is obviously going to take decades.
Capacity factor of 10% is some of the lowest you can find. Usually it's more like 20% when in a sunny location. Anyway I showed you the cost and it came out to about 1c/kwh, which doesn't include cost of capital and maintenance but clearly shows that it's comptetive. Show me how those numbers I used are wrong.
>>50725279
Chinese labour makes the panels a bit cheaper yes, but they are only 1/3rd the cost of the entire installation. So take that third and add a third to that because American labour is more expensive and you only end up at 11% higher total cost.
Yes we will need energy storage to go 100% renewable but that is coming down in price every year. Lots of different ways to do it. Could make hydrogen from water for example and burn it later as a longer term storage option.
>>50725294
I never said we could switch off fossil fuels tomorrow.

>>50725147
Because the majority of people are poor as fuck or losing their wealth at an alarming rate, reducing demand

kek. They are proposing invading the Amazon to stop $350 million in illegal gold being stolen by miners
>>>/k/54643510

What about heavy machinery and fertilizer? You can make EV passenger vehicles with little range for day to day use but nothing heavy duty the prototypes they have now cost like 8 times the cost of a normal diesel powered machine.

Do tanks or fighter jets run on solar? It will never work because fossil fuels are lighter and store energy more densely because half of the fuel is contained in the air as oxygen while all of the energy eletric wise has to be stored in a heavy ass battery.

Passenger vehicles is like only 17% of oil demand and the developing nations don't even have cars yet, which they will eventually and there isn't enough lithium to produce all those cars.

Above all, the problem with tech nerds is that they try to apply moores law to everything. Everything will be cheaper and everything will be smaller and faster. EVs will run into the opposite of economies of scale they will run into material limits and the cost of a tesla will increase intead of decrease as they run out of easy optimizations and face material constraints.

You're smoking hopium.

>>50726142
>illegal gold
What sort of authoritarian crap is that?

>>50726178
No different from thousands of fillings of executed jews, friendo.

Anyone else think there is no such thing as illegal gold?

>>50726178
FDR made owning gold illegal. Owning bullion privately was illegal in the USA up until the 1970s. Incredible, isn't it?

>>50726174
Why do you think there is something special about EVs that economies of scale won't apply?

t. tech nerd

>>50726174
>What about heavy machinery
Mining industry is starting to switch to electric yes. Obviously some things like planes will be the last to go electric if it ever does, but oil demand will still drop like a rock if most of the rest goes electric.

>>50725349
>for example if in Germany the sun isn't shining (half the year)

Wow where I live it shines like half the day or more. Germoney must be dark

>>50722232
>Have you ever looked at the actual costs for different types of electricity generation? Renewables can actually be extremely cheap. Hydro has of course also been a very cheap source of energy for a long time.
>What about it isn't feasible? Have you looked into the cost of storing the energy with batteries and other measures?

Theres literally not enough raw materials for this, the resources dont exist and production can't ramp up enough to come close to making a green energy transition happen. If it were pushed ultra hard, the price of the commodities would sky rocket and there would be shortages for other industries.

>>50726335
this is the problem that we'll be facing in the next decade.

ideological people are pushing their own agendas, falsifying information and banking on exponential improvements that won't materialize replacing something that does work with something that doesn't work but will work I pinky promise because it will expoentially improve.

Germany is burning more coal than ever but they lump it together as "green energy" because politicans want to get reelected.

It's like why Tesla's AI chief left. It's going to be hard to live up to all that hype and eventually reality hits home. It's why Warren Buffett's still buying up all these oil stocks because he's lived through 4 or 5 hype cycles that never panned out.

>>50726320

EV guys think electricity will cost the same if whether 1% of cars are EVs or 5% cars are EVs. These electric grids are already close to failing.

Also once you run out of the easy to obtain high grade lithium, nickel and cobalt, these costs get more expensive. The more batteries you need for the world you're going to need deeper deposits.

>>50726468

https://en.wikipedia.org/wiki/List_of_cities_in_Europe_by_sunshine_duration

>>50726142
ha good luck stopping those miners / loggers. Its a fools task for sure.

>>50726335
the mining sector was electric almost 100 years ago, most facing shovels in coal mines are electric for example, or diesel electric combinations for shifting sites. Underground mining was using electric equipment as far back as the 1900s. Electric is perfect for mining because it generates no fumes and parts are more compartmentalized and so easier to replace.

https://www.msn.com/en-au/news/australia/peter-dutton-to-consider-proposing-nuclear-energy-in-australia/ar-AA10ePn2

I'm aussie and didn't even realise it was outright banned here.

>>50728191
What's the fucking worst that could happen? Abbos sniff the spent fuel? The desert burns down?

>>50724572
>subsidies were needed
>provide no evidence
Nigger, if they get government subsidies that is the fucking evidence. Shove your regulations up your ass
Now turn and face the wall commie

>>50726335
>regulate to shit everything but (((EV)))
>subsidize EV
Wow you still can't figure it out you stupid fucking commie. Boomers like you need to die. Immediately or sooner

>>50728772

>>50729011
If the government has to hinder your competition and subsidize your business then you are not a viable solution to market demands. Your mommy won't always be there when you fall short kiddo. Failing is a part of life, an experience to learn and grow. Licking boots for exceptions, exemptions, and taxpayers looted funds in the way of subsidies and tax credits isn't outperforming or even competing in any way, shape, form, or fashion.
This is proof that the industry isn't useful or viable. And certainly not in demand.
As PM pointed out here >>50726616
Most old 49er towns had insanely long ditches, tunnels thru fucking mountains, dams and water pipes all over to run hyrdo mining and to generate electricity to run stamp mills.
*enter regulations*
Now, instead of simple hydro that works fine and is scalable in every conceivable way, we have fish counting tree hugging queers telling us to manufacture a bunch of garbage to lone their pockets at the publics expense.

Sun don't always shine
Wind don't always blow
Water will always run downhill

>>50729488
>he doesn't know that literally EVERY SINGLE company, product, and technology in the US is subsidized by his tax dollars
ah, the naive libertarian

>>50729488
Meh, I think you're too angry to make a concise point. Just tell the lefty fuck that instead of trying to capture the energy from a floating nuclear reactor 150 million kilometres away, we should just build them here and be done with it.

>>50729560
>I have given up
May the chains rest gently on your shoulders
>>50729623
>concise point
Industries protected and funded by the govt would fail otherwise

>>50729730
>works to support countless organizations and individuals against his will
>thinks they're the slaves

>>50729751
>works to support countless organizations and individuals willfully
Enjoy
>https://www.mercatus.org/publications/government-spending/subsidies-are-problem-not-solution-innovation-energy
From the article
The Obama administration’s FY 2016 budget asks for a 42 percent increase in funding for the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) and its portfolio of programs. Yet more than 40 years after President Richard Nixon announced “Project Independence”—to wishfully wean the American economy off oil and decades of federal involvement in efforts to develop “alternative” energies—we are once again discussing how many more taxpayer dollars should be thrown at the alternative energy wall in the hopes that something will finally stick.

Far from suggesting that alternative energies aren’t welcome or desirable, I believe that it’s time for policymakers to recognize that allowing the marketplace to determine winners and losers is preferable to a politicized, top-down approach that has produced more black eyes than benefits.

These black eyes belong to both parties and extend well beyond Solyndra and the ill-fated 1705 energy loan program, which has become a symbol of the problems with federal involvement in energy markets. Indeed, a short list of the federal missteps over the years would include so-called clean coal, the Synthetic Fuels Corporation, the Clinch River Breeder Reactor, National Ignition Facility, Superconducting Super Collider, FutureGen, Partnership for a New Generation of Vehicles, FreedomCAR, and the Yucca Mountain nuclear waste repository mess.

I would argue that the most important consideration today should not be whether the Obama administration wishes to spend too much on EERE programs. (It does.) Nor should it be to figure out which special-interest squeaky wheels should get the most grease. What I believe we should be discussing is whether these subsidy programs should exist at all

>>50711575
>There have also been 'numerous' people who >have gone to the mill in Idaho during the >workweek to see what's happening down there.

kek... I still remember the anon who said he wanted to take a look at the mine and never returned to report back to us.

>>50722997
>We have always had access to those and there's plenty left.
Just because something exists in the ground doesn't mean it's easy or economically feasible to extract
>>50725577
>We aren't running out of anything really
ahh le shortage denier

>the transition is obviously going to take decades.
>I never said we could switch off fossil fuels tomorrow.
Then what the fuck are you basing this on:
>>50719048
>I think we will see an average oil price of something like $60/barrel for the rest of the decade
Your timeline for renewables dominating oil doesn't make any sense. Oil will go to 60 while we are decades away from a viable alternative that is in the clutches of government subsidies?

>>50725577
>if governments want people to go electric it's going to happen.
Governments want to launder money through green energy schemes and impoverish the people, that's what's going to happen.

Just noticed if you buy less than $1000 of metal in Massachusetts you get hit with sales tax. Over and its tax free. I think it's total so you can buy multiple coins to get over $1000 and not pay tax.

>>50730923
>Then what the fuck are you basing this on:
Do you not understand how supply and demand works? Demand doesn't have to drop to 0 to affect price. If we had peak oil demand and it started dropping even just a percent or 2 every year instead of increasing every year, that would affect price immensely, just see what happens to oil price when there is a recession. Cost of the vast amount of production is below $60/barrel, with much being far below that.

https://cryptobriefing.com/bitcoin-ethereum-become-commodities-under-new-cftc-bill/

>A bipartisan group of senators on the Senate Agriculture Committee has put forward a new bill for identifying and classifying “digital commodities” that would place them under the jurisdiction of the Commodities Futures Trading Commission.
>The bill contains language that allows for some assets to be considered “digital securities,” but it explicitly classifies Bitcoin and Ethereum as commodities.
>Lawmakers and industry insiders alike have tended to favor CFTC purview over cryptocurrencies, with many startled by SEC chair Gary Gensler’s more aggressive stance toward the space.

thoughts?

>>50731124
Suddenly everyone is micheal burry betting on a recession and housing collapse. Strange how the unemployment rate is still so low, two more weeks right? Peak oil demand ? More like peak oil production.

>>50731230
zing

>>50731169
Hayek predicted that would Keynesianism would result in accentuated boom and bust cycles that would result in malinvestment. Stuff like Crypto, VC tech scams, Tesla. Garbage with no benefit to society but can only exist because QE allowed for these capital destroying zombies to exist.

Now the crypto mafia is trying to lobby for favorable treatment but this trash isn't a commodity by any measure. If the world ran out of oil we would all die. If the world ran out of food or potash we would all die. If every crypto scam disappeared tomorrow it wouldn't matter because no on needs these things to survive.

morning frens, can't believe, only 6 days to the next CPI, really feel like $1800+ is coming soon and a strong move for our miners

>>50731169
mmm we will see what the regulators come up
Of course bitcoin is a commodity, the interesting decision will be on Ethereum.
Mostly it will come down to how decentralised the project is I think.
The previous head of SEC unofficially stated that Ethereum isn't a security. however there's a notorious old video of Gensler, long before he became chair of the SEC, giving a lecture saying, in his opinion, that in fact Ethereum does pass the howey test but can perhaps avoid this by becoming more decentralised.

>>50731583
In what sense is bitcoin or ethereum a commodity? I know we're in clown world in all but how is this getting shoehorned in?

To me a commodity is a raw material that is processed into goods that we consume. A bitcoin is a bunch of bits on a distributed ledger it isn't processed into anything.

>>50731623
I suppose we can argue terminology all day and I think you make a good point. However, it's looking like bitcoin will be regulated as a commodity. It's a store of value, digital gold.

>>50731124
>Demand for Oil goes down "a percent or two" a year
>Supply of Oil goes down significantly more percent a year
>Price plummets
Yeah I'm the one who doesn't understand. And that's under the retarded premise of "peak oil demand." Let me guess, we're not running out of Oil either? Everything is infinite in supply, right?

Also rich of you to cite supply and demand when the only reason green energy has any weight is because daddy gov strangles its opposition with one hand while shoveling cash at it with the other.

The only green alternative to Oil is Nuclear and even that's not going to bring Oil to $60 this decade.

>>50731230
>>50731714
>Peak oil
Kek. People have been talking about this for 50+ years while production has just kept going up, but this time it's for real, right? The original 2 more weeks. Have you even typed in global oil reserves into google? I swear everyone is too lazy to do the simplest of research themselves, but will watch hours and hours of their favourite youtuber rambling about peak oil or whatever.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1118-tsx/gpr/125795-great-panther-reports-second-quarter-2022-financial-results.html¨

>All-in-sustaining-costs ("AISC")2, excluding corporate G&A, of $3,080 per gold ounce sold
Yearly AISC guidance upped from $1600-$1700 to $2200-$2300, and that's without even a reduction in production guidance. Amazing. Could see bankruptcy very soon here.
Have been surprised their stock hasn't completely cratered sooner, they have been losing money like they are using it as backfill for a long time, but was somehow able to raise a lot of debt that is now soon coming due.

>>50732404
According to twitter Don Durrett was calling it a nobrainer earlier this year.

WTI FALLS BELOW $90/BBL FOR FIRST TIME SINCE UKRAINE INVASION AS CURVE INVERSION HITS 39BPS AND AS BOE FORECASTS 5 QUARTER RECESSION

oilsisters...

>>50729488
"Run of River" power projects are the future in my province, their far cheaper than a full scale dam and dont get the useless hippies mad. Every community with a major water way nearby should be lobbying for a run of river power site.

>>50731623
Theres also the literal definition of a commodity where every unit is identical.

>>50732404
Only down 3% today. Again investors in this name are completely asleep at the wheel. US$50M mkt cap still.

>>50733308
This is good for miners

>>50734255
Yeah, I think especially explorers doing drilling have diesel as a large percentage of costs.

First Majestic up 7% with Q2 news

Total production of 7.7 million silver equivalent ("AgEq") ounces, up 20% compared to Q2 2021. Total production consisted of 2.8 million ounces of silver and 59,391 ounces of gold

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1082-tsx/fr/125819-first-majestic-reports-second-quarter-financial-results-and-quarterly-dividend-payment-2.html

>>50730923
Not cool man. You're doubting him and he said he was one of the best researchers on biz and he does more research than 99% of us.

>>50731565
The next cpi will likely bee a headwind because it will be lower since energy prices have come down so much. Don't get too excited now. But we are definitely not at peak yet

>>50731708
Right a store of value that drops 60% in a year is in the same asset class as something that drops 7% at most during a year of intense geopolitical conflict and economic chaos.

>>50733308
Where have you been this past two months, newfriend? Even the biggest oil bulls ITT have closed our positions or at least taken profits in anticipation of this pullback (credit to based Red for the TA). The only ones who haven't sold are the andyfags who think taking profits is a sin. Gary Savage called that we have a decent chance of testing the $85 support

Short term is irrelevant to the long term. We're still a long way off averaging $60 for the rest of the decade to be gloating over a dip lmao.

>>50719179
>Tons of PM mienr are at 2020 level, I can't ignore that.
I noticed the same thing. I bought another $20k of mining stocks in July.

>>50735066
Thanks bro, I don't appreciate doubters.
>>50735182
I just had someone doubt that we were even going into a recession so I thought it was a funny headline dropping a mere hours later.

>>50735095
Think we will drop lower?

Why is oil going down so much? Isn't it in high demand and low supply?

>>50736275
We're entering a recession. Try to spot what happened during the last one in pic related, or the last two really. Price quickly recovered in 08 but I think that was in large part due to China's extreme growth and Asia in general growing very quickly. That growth is slowing down quickly now. And contrary to popular belief, no, India isn't the next china, and neither is Africa (genetic limitation).

>>50736512
Wrong pic

May the FORSYS be with us!

>>50730923
Boomers are generational niggers
Simple as

>>50731583
>Of course bitcoin is a commodity
HahahahhahahahahahahahahahahhaahhahJjjajajjajajHhzjzujdhdhsjJjajahahhahahahahhahahahahahhahahahhahahahhahahhahahahahhahajJjajajajhahahahahahHhhHHHhahHHbhHhahahhahaha

>>50736800
checked

>>50735298
>I don't appreciate doubters
Like how you doubt the market could solve its own problems without subsidies and tax shelters propping them up?
Boomers are generational niggers.

Nice to see Russia taking advantage of their flair stacks instead of sending anything over 20% of Nordstream capacity. People in Finland are who know nothing about natural gas are freaking out and thinking this is going to be a Chernobyl-lite event.. let them cower in fear and not use rationale to dictate resolutions, as has been the case since the war outbreak.

Even less reliant Nat gas countries like Spain (who source from Algeria) are telling public businesses to not AC cool below 27c inside.. shit is just getting started and I think Dr. Anass Alhajji will be vindicated on his call for fireworks this month..

Speaking of him, at 28:30 of the video i posted >>50716048 he gave a alternative take on the SPR releases that we don’t hear from Erik Townsend or other energy market analysts.. that the TYPE of crude being drawn from SPR is actually heavy crude, which is desired by the refiners, whereas the 8.7M bpd produced in the US is “tight oil” aka light sweet, which doesn’t not need as much refining and has less locked-in capital risk which results in flexible production, and a reduction in WTI volatility. So them drawing the heavy sour crude apparently isn’t that much of an issue since the original SPR intention was to mitigate external oil demand pressures (main cause of 1970s energy crisis), and these foreign refineries in China or India desire the heavy crude anyways. And Dr. Alhajji also goes on to explain that the US doesn’t actually “need” the SPR to have high volumes anymore due to the decade-long domestic shale producers picking up the slack (Marcellus shale production is stalling however..).

So basically he’s saying the US shale patch is robust enough that we don’t need to worry about SPR drains, since the US can adequately meet its own domestic demands. I’m little better than a layman compared to Dr. Alhajji, but I can’t help but think that’s a bit risky to assume shale has the ability to bail out without fail.

>>50735414
Gold and silver? Its possible but I don't think for a couple weeks.

Nice, EDF up to their self-sabatoging shenanigans again!

France To "Reduce Or Halt Nuclear Output" As Heatwave Restricts Ability To Cool Plants

>Under French rules, EDF must reduce or halt nuclear output when river temperatures reach certain thresholds to ensure the water used to cool the plants won't harm the environment when put back into waterways.

>Restrictions have been in place at various times during the summer already. The latest warnings include curbs at the St. Alban plant from Saturday, according to a filing. The facility will operate at a minimum of 700 megawatts, compared with a total capacity of about 2,600 megawatts. Reductions are also likely at the Tricastin plant, where two units will maintain at least 400 megawatts. -Bloomberg

https://www.zerohedge.com/commodities/france-reduce-or-halt-nuclear-output-heatwave-restricts-ability-cool-plants

>>50736512
Yeah but is this going to he another BANK OMG BANK CRISIS OMG WTF REEE

Or is it a slow ok two quarters of negative growth bro

>>50737284
Bank bail-ins within 24 months

https://www.youtube.com/watch?v=jpiFwoMMGQ4

Absolute beast of an interview, really liked it.

>mfw at 58min when he start talking about Golds miner with Gold @2500+
Really help you to not be picky. Its hard buying a junior when it went up 20% just before you buy, but at the end of the day, I'm sure it won't matter AT ALL.

I will trust him this time, I'm keeping 20% in cash and waiting for real cheapies.

>>50737521
Ok cool brother I'll bet on that

>>50737663
Aye Patrik Karim is a beast, he was on Finding Value a while back too. Great twitter follow too

>>50736275
the US (s)elections are coming in a couple months

>>50737864
Highest iq post I've ever read itt.

Is gold mountain or impact silver still a buy? Mountain because of the bonus they took, and impact because of mexico

>>50739079
Gold Mountain is debatable, its more of a gamble than earlier this year. Mangement proved to not be trustworthy. However, it's still a good bet considering how low they are.

Impact is a must buy at these levels. You're buying at march 2020 level. Meanwhile, they added 20million in cash (half their market cap) and are increasing their production to 1 million oz/year. Mexico is not the best juridiction anymore but nowhere is safe, just diversify enough and you should be fine.

>>50739380
Based, Fred will deliver bigly when the silver time is right

>>50739439
>>50739079
Never forget how pure we are compared to all jackass showing their garbage AgEq. We are the real behemoth.

Look at David Morgan comparaison, that's how big we are (timestamped).

https://youtu.be/ja1oewEo33g?t=535