/CMMG/ Commodities, Macro, and Mining General

[PAN MAN No.49977082]

Tin Edition
>Why are we investing in commodities?
https://youtu.be/E4yPZel6iNw
>The Rotation of Money
https://youtu.be/n96yXD0Z5Rw
>Supply Deficit
https://youtu.be/bJGiIp7uGGQ
>Peak Supply
https://youtu.be/GkLKBqI1hfI
>Electric Vehicles Battery Minerals and Supply
https://youtu.be/dIc3_hT39Tc
>The Fed is Trapped
https://youtu.be/6359DuAgg-A
>What do huge returns look and feel like?
https://youtu.be/a2ZHDb3rD1w
>Rick Rule: When Gold & Silver Price Goes Up, They Make You Lots Of Money Quickly
https://youtu.be/skBWhlOxO-I

Commodities include
>Precious metals
Platinum, Gold, Silver
>Energy
Oil, Natural Gas, Uranium, Coal
>Base Metals
Copper, Nickel, Zinc
>Others
Water, Agricultural, Salt

Mining for Noobs
https://pastebin.com/5uWth6eG
More information for each commodity
https://pastebin.com/tduUv8Ny
Calculators for DD
https://pastebin.com/TsRtpKHs
/CMMG/ approved gold and silver stocks
https://pastebin.com/yv5gVyei
Mining company rundown
https://pastebin.com/n9dRBgL4
Steer Clear List
https://pastebin.com/V571vwse
News Sources
https://pastebin.com/bQFESpBL
Best brokers?
Fidelity is the best and Interactive Brokers for Europoors

>Youtube channels to follow
Palisade Gold Radio, Mining Stocks Education, Sprott Money, Goldsilver pros (Rob Kientz), Finding Value Finance, Gregory Mannarino, Peter Schiff, Macro Voices, Crux Investor

>What is Austrian economics?
https://mises.org/what-austrian-economics
>Austrian economics books
What has government done to our money (Rothbard), The mystery of banking (Rothbard), and Profit & Loss (Mises)
previous thread: >>49914673

[Anonymous No.49977090]

>>49977082
How can a rock look so fucking disgusting

[PAN MAN No.49977122]

evening all how are things! fresh thread and some links for recent news on Tin!

https://www.mining.com/web/column-high-flying-tin-price-takes-a-tumble-as-tightness-eases/

https://www.mining.com/web/indonesia-plans-to-hike-tin-royalty-tariff-make-it-more-progressive/

[PAN MAN No.49977148]

>>49977090
the crystal texture can be trippy, same goes for gold.

[PAN MAN No.49977653]

https://www.mining.com/sibanye-stillwaters-montana-mine-to-remain-halted-for-4-6-weeks/

Flooding damaged Sibanye Stillwaters platinum mine.

[Anonymous No.49978618]

I have a feeling we're going to get a little bear market rally for the coming couple of weeks in the general markets and then we head back down even lower.
Still I'm probably going to buy more Monday if we don't go straight down, because we're in a pretty nice position even without a potential 30% further downside.
I hope we get it, would be a great point to load up on pretty much everything.

[PAN MAN No.49979364]

>>49978618
investment capital is drying up a lot faster than we thought in general because of how people think things are going. Its a feedback loop, sentiment is down, markets get crappier, rinse repeat.

[Anonymous No.49979394]

>>49977082
I've seen too many "post merchants" threads.
This one is so fitting, it must be shopped.

[Anonymous No.49980006]

>>49977082
New to commodities.

Why are the spreads on all commodity EFTs increase 10 fold in April of this year?

[Anonymous No.49980667]

https://twitter.com/POTUS/status/1540945453998436353
>The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine.

>Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia.

[Anonymous No.49981270]

https://twitter.com/JavierBlas/status/1540959517197975552
>In a rare joint op-ed published on Sunday, the heads of the French top energy companies (Total, Engie and EdF) urge lower demand now:
They want to ration energy, fucking commie

[Anonymous No.49981323]

>>49981270
Can't say I'm surprsed. I've had a feeling we would be headed for rations of all kinds for a good year now.
My only fear is a digital ID rationing system for food.

[Anonymous No.49983016]

Help me out fellas,

This might be a retarded question but I'm relatively new to energy, are Nat Gas and Oil coupled? Or is Nat Gas too volatile? I'm bullish as fuck on both in the long term, but if we're expecting Oil to pull back to the low 90s before running upwards should we expect the same of Nat Gas?
Is it retarded to swing positions like Trillion and SM?

I know I risk being burned but damn I'm craving a win. Maybe this is just emotions finally affecting my rationale, in which case please call me out, but it doesn't seem crazy from where I am so what do you guys think?
Nat Gas looks like it could fall at least another dollar or two from my admittedly shit TA, especially if it'll move with Oil, and take my stocks with it so even though I'm late to react after the latest dip why not swing them to make a few grand?
Is it retarded to use Oil as a metric for this/is the Nat Gas volitility more likely to fuck me?

[Anonymous No.49983045]

>Iron
>Uranium
>Coal
>Water
>Salt
Which is the best instrument for investing in each of these, preferably an ETF?

[Anonymous No.49983129]

>>49983016

Check the EIA Report for the USA. They post it weekly on Wednesdays, but last week they didn't post the crude oil numbers so everything that was on a slow downward spiral ended up spiking in price on Friday. Nat gas reported a surplus so the price tanked. Historically, this report has only been delayed one other time back in 2013 and energy investors watch it REAL close like.

[Anonymous No.49983200]

What's everyone's favorite mid cap pm miners? I feel like now is the time to load up. I'm done with juniors for the time being. With all these companies down 30% or more, now is the time to buy something that will actually produce once pms finally take off.

Hecla seems the most appealing to me. In America, been around forever, price seems to follow PM price pretty reliably. People seem to hate them tho, I guess mostly bc they never seem to tackle their debt. But what other mid caps are more appealing? Kinross? First majestic? I don't really see the appeal there

[Anonymous No.49983306]

>>49983129
Thank you that seems like very good info, I'll start tracking it weekly

[Anonymous No.49984162]

>>49983200
>Hecla seems the most appealing to me. In America, been around forever, price seems to follow PM price pretty reliably.
Have you looked at their earnings? Considered the amount of production you get relative to the market cap of the company (leverage to metal price)?

[Anonymous No.49984208]

>>49977082
Commodities will be tanked in order to save the economy. Funds will be diverted into everything else. You have been warned.

[Anonymous No.49984259]

>>49981270
>>49981323
>digital ID
"techno-communitarian rendition of neo-feudalism"
iran is already doing "digital coupons" for bread subsidies but digital IDs are still a work in progress (1 1/2 to 2 years~)
>The government will offer citizens digital coupons that will allow them to access a limited amount of bread at subsidised prices, while the rest will be available at market rates.
https://fbnglobalnews.com/news/irans-raisi-cuts-back-on-bread-subsidies/

[Anonymous No.49984275]

>>49984162
>>49983200
If you are looking for something in safe jurisdictions I would go with Alamos Gold, not the greatest leverage, but safe and high margin. Kinross if you want better leverage and not a small company.

[Anonymous No.49985074]

>>49977653
>Flooding damaged Sibanye Stillwaters platinum mine.
damn they just had an issue with thieves too i think. and i think there was a worker's strike with them too if memory serves correct. sibanye just can't catch a break

[Anonymous No.49985115]

>>49983200
>What's everyone's favorite mid cap pm miners?
go check peter schiff's gold fund and see what he owns, or go look in the GDXJ etf and see the holdings. probably best to go with one of those

[Anonymous No.49985235]

>>49984208
What is else? funko pops? Thanks to the green parties europe is going to break some emissions record by burning wood, oil, coal this winter.

[Anonymous No.49985247]

>>49984162
Will check out today. Maybe I'll find out why sentiment is so down regarding this company

[Anonymous No.49985262]

>>49977082
is this a hidden merchant? or am I just very antisemitic? or both?

[Anonymous No.49985510]

>>49983016
Trading short term natural gas contracts is a good way to get exploded. You never know if some facility will explode or not freak weather event will occur or if some geopolitical nonsense will occur. Be careful.

[Anonymous No.49985655]

>>49985247
I wouldn't even say sentiment is poor because you are paying $2.3B for around 450koz Aueq, around $5000/oz of production. Considering that they are barely profitable right now and have lost money 4 out of the last 5 years that is a very high price. But of course they produce a lot of silver which is probably the explanation, silver companies are always very expensive. With a flat silver price these stocks are a horrible investment, silver has to move a lot higher just to get a decent return. But of course a lot of silver bugs are hyper bulls and expect $100+ so that's why these few silver stocks are bid up so high. At least Hecla seems to have long mine lives.
Compare to Alamos Gold, it's valued at $2.8B with no debt, don't even know if Hecla has any. They produce 500koz and their new mine will take that to 750koz in a couple of years. Also long mine lives for their mines in Canada which is by far most of their production and they are highly profitable and expansion of one of their mines should drive down costs further and increase production. If you take out the $280M write off of their Turkish assets last year they made $200M. Hecla made $35M.
But if you insist on investing in a silver miner then go ahead, doesn't get much better than Hecla. They are all expensive as hell. Kinross does have decent silver from their new mine now in production in Chile btw. With them you get almost 5x the production of Hecla for only a bit more than 2x the price and they are highly profitable as well.

[Anonymous No.49985707]

>>49977082
>approved miners
Stop shilling faggot. Isn’t that illegal?

[Anonymous No.49985812]

>>49985707
approved list of meme garbage

[Anonymous No.49985858]

>>49985707
>Gold Mountain Mining

[Anonymous No.49986399]

Is it worth getting silver junior miners at this price level?
Also does anyone know if we can even buy siliver juniors on Trading212? It's the only app I have (shitty UK-based app so there aren't the usual ETF choices).

[Anonymous No.49986426]

>>49986399
Why don't you use a normal broker?

[Anonymous No.49986561]

>>49986426
I could but idk what one is good, I only set this shit up when GME happened last year because it was free to trade.

[Anonymous No.49986627]

>>49985510
Noted, thanks.

>>49985858
Man that pic really caught me off guard I laughed for a solid 5 minutes

>>49986561
>I could but idk what one is good
If you're in the UK, I used Interactive Brokers although they're a bitch to set up and you have to lie about fucking everything which they might have clamped down on according to people I've spoken to since. I switch to Interactive Investors eventually for the Stocks & Shares ISA so I don't have to ever pay tax on any gains, although the trading/currency conversion fees are expensive.

[Anonymous No.49986628]

>>49986399
They are worth it if silver goes to $50+ over the next couple of years. Even if silver goes to $30 in say 3 years these stocks may not do very well because many of them are barely making any profit at current silver price and you are paying several times revenue for depleting assets.
With gold miners at least you can make money even if gold just stays at $1800 or moves with inflation.

[Anonymous No.49986704]

>>49986399
Gary savage and some other analysts I agree with have said that unfortunately the miners are so garbage it's just better to buy the ohysical metals and I'm inclined to agree for the most part, especially with this latest news from defiance which was pretty frustrating. I'll probably liquidate that posistion into physical but I still have other miners like gogold, abra, and blue lagoon.

[Anonymous No.49986763]

>>49986627
>Interactive Brokers
Yeah that's the other one I've been looking at (for options trading), and yeah their setup is shit.

[Anonymous No.49986764]

>>49984259
feudalism really doesnt sound so bad compared to satanist techno-totalitarianism
>>49984208
price controls always result in supply shortages
if your afraid of price controls buy a physical stack of the commodities you need, and products made from them instead of stocks
i kinda expect price controls for rent tho, as if they dont there will be riots and the houses are already built

[Anonymous No.49986970]

>>49986764
Looks like about time to open up the insane leveraged precious metals position then.

[Anonymous No.49987039]

>>49984208
Short term yes, but I think long-term the physical market will triumph. Although I wouldn't be surprised if they were to empty out the storage tanks initiating a far worse crisis later on.

[Anonymous No.49987096]

When I first got into miners I didn't really notice the fact that most explorers/miners would shit themselves at some point but now, after watching a hundred or so companies over the last year, I really am watching them drop like flies. A lot of it is unpredictable stuff too that renders research moot. Of course you should still do your best to avoid the avoidable.

[Anonymous No.49987108]

>>49987096
It's a real shame an entire generation lost money on shitcoins rather than what they're supposed to lose money on: Junior miners.

[Anonymous No.49987172]

>>49987039
> they were to empty out the storage tanks initiating a far worse crisis later on.

I think this is one very realistic possibility.
Could be that by some miracle they're going to run everything on fumes, making people think that they got the cheap money ball rolling again and markets bounce hard to new highs.
Maybe they'll start doing more money printing and that goes on for a year or so. Everyone thinks that the recession was avoided, they sell out of their failing commodity positions and then here comes the real collapse that fucks over everything and everyone.
I wouldn't bat an eye if the commodity bull was put on hold for a good while.

>>49987096
I think Rick Rule said that the average losses in the junior miner field are 98.8%, where as the companies in general markets only lose 55% on average when things get hard.
So yeah we're basically gambling on the shittiest of shitcoins when investing into miners that aren't well into the production phase.
But then again the gains are absolutely retarded when something actually works out.

[Anonymous No.49987206]

>>49987096
>I really am watching them drop like flies
going bankrupt? which ones are going bankrupt? and why? i somewhat follow a decent cross section of the junior mining sector and haven't seen any companies going bankrupt right now

[Anonymous No.49987322]

>>49987206
They don't necessarily need to go bankrupt - especially if there are still treasury funds for the management to leech off - however many of these miners incur drastic losses that shareholders will never reclaim.

[Anonymous No.49987354]

>>49987096
Yeah I think most investors are in for a steep learning curve with junior miners/explorers. I don't think there's any other industry where you can trust material the company puts out less than here, perhaps micro cap biotech I can imagine, haven't looked at those myself.
You can trust guidance for Barrick/Newmont pretty well but with those you are paying like 20x earnings for depleting assets.
>>49987206
Harte Gold went under. Pure Gold didn't exactly go bankrupt but almost and the stock crashed. Argonaut also got crushed. Great Panther crushed, possible bankruptcy in the making. Wiluna Mining in AUS just got hammered. Novo Resources.

[Anonymous No.49987412]

>>49987096
>after watching a hundred or so companies over the last year, I really am watching them drop like flies
this is why Marius Skonieczny's series "I hate the miners" is required listening for this general. its a shitty business

[Anonymous No.49987586]

>>49987108

[Anonymous No.49987608]

>>49977090
It looks like a Jew

[Anonymous No.49987729]

I'm reading CEO.CA commentary on Gold Mountain and apparently only 73% voted for keeping their CEO Kevin at the annual shareholder meeting lol. Usually it's like 99%. I suppose shareholders have a reason to be mad.
Votes For % For Withheld/Abstain %Withheld/Abstain
Kevin Smith 20,081,769 73.1% 7,400,625 26.9%
Blake Steele 26,659,450 97% 822,944 3%
Howard Jones 26,086,936 94.9% 1,395,458 5.1%
David Tafel 19,844,402 72.2% 7,637,992 27.8%
Keith Minty 26,642,741 96.9% 839,653 3.1%

[Anonymous No.49987791]

Whats the deal with asx:$lll leo lithium?
>big ass mine
>21 years
>solvent as fuck
>0.48 ausd

[Anonymous No.49987907]

>>49987096

[Anonymous No.49987919]

>>49987791
Share price is irrelevant, market cap is what matters and theirs is $580M.

[Anonymous No.49988350]

>>49987108
Not sure if you're the anon who kept posting about how anons would make their fortune on GDXJ, but you sound like the same one, drop any other info/redpills on GDXJ or miners if you have any.

[Anonymous No.49988448]

>>49987729
>reading CEO.CA
It used to be a very useful site, before @Tommy sold it to GoldSpot and when @Vaughan was the moderator.
Now it is all pump, where turds like @mikeymike426 and @drjimjones get users boxed or even banned for contradicting their narratives.

[Anonymous No.49988509]

>>49988448
all i see is dumps. every miner is hated and has clueless management if you take everything you read at face value

[Anonymous No.49988536]

>>49988448
Yeah I haven't spent much time there, just reading what people say about a few interesting stocks.
Kinda weird Goldspot bought the company, I did watch the video where it was announced. Funny that the CEO of CEO.CA was excited about joining Goldspot that would have a meteoric rise and be the google of mining, since then stock is down 70% lmao.

[Anonymous No.49988549]

https://twitter.com/thehill/status/1540730816409616384
are governments going to buy (steal) my bags?

[Anonymous No.49988619]

>>49988536
Yes, @Tommy sold at the right time. He got $10m (?) and was laughing all the way to the bank. GoldSpot holders got more dilation.

[Anonymous No.49988836]

>>49987206
Aurcana has been circling the drain for awhile now

[Anonymous No.49988851]

>>49988619
Yeah seems like it.

[Anonymous No.49988899]

>>49986399
All of the talk of supply chain issues, coupled with sky high diesel costs makes things too scary for me. These companies will have to dilute like crazy. Even if they can afford higher diesel costs, what happens when equipment breaks and they can't get replacement parts for 3 months?

[Anonymous No.49989294]

>>49988899
>supply chain issues, coupled with sky high diesel costs makes things too scary for me
I get that, but desu I think a lot of that is already priced in, it's not like the market isn't aware of supply chain issues or oil costs.
What might not be priced in is the announcement over the weekend about banning Russian gold, another dumbfuck honkaloid "idea".

[Anonymous No.49989353]

>>49988448
>drjimjones
is that guy full of shit? see him pop up now and then

[Anonymous No.49989443]

>>49983045
no ETF recommendations but Atlas Salt (SALT.V) seems to be unstoppable right now with its new 100-year mine status.

other than that I am personally Bullish on some of the Uranium ETFs but if I had to pick one uranium stock I would just get UUUU.

[Anonymous No.49989534]

>>49987206
there is potential for a lot of Jrs to die out, even with the relative strong discipline they have been showing over the past 10 years. Right now its all macro deciding their fates, as a lot have cash still.

I guess just find the actual most popular names and invest in them if you are worried. I went with companies that have little to no debt, lots of cash in the bank to keep drills going, and/or good management. Some are more speculative than others, and some I couldn't resist because their price was too good (ex. Volcanic Gold).

[Anonymous No.49989710]

What do you guys think about this?

[Anonymous No.49989711]

May the FORSYS be with us.

[Anonymous No.49989765]

>>49989353
>@drjimjones
tHe MaTh Is ThE mAtH
Contraty to what Dr. Koolaid insists, there's more to it than the economics of a deposit, namely legal considerations and jurisdictional risks. As an engineer, he sees only numbers and is blind to nuances.
Besides pumping EMO from CAD$4+ to $1.24, he pumped MPM at CAD$0.74. It's now CAD $0.34. He dismissed the warnings of Waterton's involvement in that deal as "FUD."
His entire argument is something akin to, "I'm smarter than you and I've crunched the numbers on my spreadsheet, therefore you're wrong."

[Anonymous No.49990059]

>>49989710
>What do you guys think about this?
the text says starting with q1 2022 the way data is calculated was changed

[Anonymous No.49990325]

>>49989765
drjimjones has shilled GASXF and it's down like -50% lol

[Anonymous No.49990449]

>>49989765
>tHe MaTh Is ThE mAtH
The studies are also often wrong, especially PEAs are typically optimistic. The guys on CEO.CA was talking about how even the early low production stage of Gold Mountain should produce at $554 AISC, well their first quarter was like $1465 "cost of sales", AISC is probably even higher. It was a first quarter obviously so they may very well be able to lower cost, perhaps by a lot, but I think it's safe to say at this point that they won't get anywhere near the $554 number, they would probably be lucky to get down to double that.

[Anonymous No.49990453]

>>49990325
i followed him for a time as well.

unfortunately you are all wrong. Macro is the cause of most of the pain qe are feeling. if you cant escape the mentality of easy money, then you SHOULD be losing right now. Most investments, classically, have a 5-10 year horizon. Traders simply cannot understand this fact. You dont invest in something like a mine with the intention of seeing a quick return. anything less than 2 or 3 years is a quick return. A mine can take 10 years from start to finish to make a profit and generate shareholder value. Doc Jones at the very least got that wrong, convincing a generation of traders and "investors" that they would see value by the end of 2022. Literally none of you have ever traded in a bear market, nor have you invested through one.

I remember when +3% per year was considered respectable. Im glad most people in crypto lost money, and im glad most of you will suffer as well. at least you will learn something

[Anonymous No.49990465]

>>49987919
High liquidity means you can buy or sell a position without affecting the price, yes?
How do you know what a company's mcap "should" be? I know how it's calculated, but how does the fair future value get determined

[Anonymous No.49990596]

>>49990465
>High liquidity means you can buy or sell a position without affecting the price, yes?
The relevant measure of liquidity is measured in $, not amount of shares traded. If you wan't to sell a million dollars worth it doesn't matter if it trades a million shares a day at a dollar or 100k shares at $10.
Fair value gets determined by a thousand factors. Most important being earnings, future earnings expectations and balance sheet. In mining jurisdictional risk can also be very important.

[Anonymous No.49990898]

Hey Redwolf, what indicators did you use again? Stoch RSI and a something else?
I'm long on CMRX but you said that having it embedded for 3 sessions is generally bullish because it means a strong trend is forming and repricing it, right? Based on the techs, this should look pretty optimistic, yeah?

>>49990596
>The relevant measure of liquidity is measured in $, not amount of shares traded. If you wan't to sell a million dollars worth it doesn't matter if it trades a million shares a day at a dollar or 100k shares at $10.
I had some familiarity with this by slinging shitcoins last year, people were shilling shitty coins with 300k mcap and promising the moon, meanwhile I was throwing $20 at things with 10k mcap and exiting a position in minutes with a 30x in some cases. That was fun.
Anyways yeah, I suppose the same logic applies with stocks, and on a larger, slower scale.

[Anonymous No.49990909]

Daily hedgeless horseman copium

https://youtu.be/Qbq89PT0iJM

[Anonymous No.49991621]

>>49990449
>The studies are also often wrong
Exactly right, more often than not.
These "independent consultants" are hired based on their reputations to massage data rather than to provide a realistic analysis. Just read their disclaimers.

[Anonymous No.49991679]

WAGMI bros?

[Anonymous No.49991780]

>>49991621
Yeah the life of a small junior often depends on a positive PEA result so they often choose a provider they know will be optimistic. Some will opt for more conservative assumptions of course, especially if they actually have a good project. But it can be hard to tell which study is reliable and which isn't. Studies from larger companies are more reliable of course as they can typically finance it themselves so they dont have the same incentive to dress it up.

[Anonymous No.49992148]

>>49990453
>Im glad most people in crypto lost money, and im glad most of you will suffer as well. at least you will learn something
better to lose 5k$ now than 50k$ later because you never learned

[PAN MAN No.49992979]

https://www.mining.com/web/us-court-upholds-arizona-land-swap-deal-for-rio-tinto-copper-mine/

huge news for Rio Tinto!

[Anonymous No.49993002]

How am l supposed to cope with a $19 spot price????

[Anonymous No.49993339]

>>49993002
Sell low, buy high.

[Anonymous No.49993377]

>>49993339
Are they just going to watch the comex reserves go to zero and do nothing about it? I’m starting to grow skeptical of the idea that the comex will ever default like we think or hope that it one day will. We saw what they did to the nickel market.

[Anonymous No.49993500]

>>49990898

I use swing lines.
Bollinger bands
Rsi.
18,50,100, and 200 dma

And then general trend lines and chart patterns.

Over bought condition for three days with both rsi lines being over 80 is indeed embedded and signifies powerful moves, I would say this chart is at first glance bullish but if you had the Bollinger bands and those other moving averages I could tell you a lot more. I'm sick at the moment otherwise I would go and pull up the chart.

[Anonymous No.49993993]

Should I stop investing in Canadian oil companies?
They shut down a pipeline construction because of a woodpecker, waiting until after nesting season to resume instead of just moving the bugger.
Every time a minnow or groundhog risks getting it's toes stepped on we shut down everything, it's a god damn embarrassment.

[Anonymous No.49994116]

>>49993500
No that's fine, I appreciate the feedback. I can DYOR on this. (otherwise if I don't put in the effort I won't learn)

[Anonymous No.49994165]

>>49991679
any month now

[Anonymous No.49994242]

>>49989710

[Anonymous No.49994250]

>>49989710
>>49990059
>>49994242
>Gold derivatives are considered precious metals derivatives, resulting in an increase in reported contracts

[Anonymous No.49994287]

>>49994250
>this isn't kikery

[Anonymous No.49994340]

>>49994287
Not saying it wasn't, just highlighting the pertinent point. It's not like they suddenly moved their money into gold derivatives; just that the number seems inflated as a consequence of the reporting. What matters is what they do with that big number

[Anonymous No.49994411]

>>49994340
Bingo. It's another small change of one variable, used to manipulate an equation down the line, in an effort to show how moar kikery is required cuz muh numbers game
>tiresome.jpg

[Anonymous No.49996338]

bump

[Anonymous No.49997728]

What are the current predictions on when the federal reserve surrender and starts QE5?
I don't think the democrats want to go into mid-terms in a recession.

[Anonymous No.49997749]

>>49989710
Explain this to a retard. Does this show gold would probably be $3,000+ an oz and we would already be in Japan if banksters hadn't gone ballistic in '22 with their shorting of paper gold?

[Anonymous No.49998026]

doubled down and bought more GDXJ

[Anonymous No.49998147]

>>49997728
I think it happens this winter, coinciding with chimp pox conveniently becoming a plandemic. I can see another March 2020 QE event occurring alongside more lockdowns.

[PAN MAN No.49999304]

The EU is doubling down on its anti deep sea mining position.
https://www.mining.com/eu-strengthens-position-against-deep-sea-mining/

[Anonymous No.49999713]

>>49989765
>EMO
not the best chart, but I bet the ceo tards were giddy last Oct/Nov

[Anonymous No.49999731]

Come on. Don't tell me I already missed the oil dip

[Anonymous No.49999991]

>>49993500
>I'm sick at the moment
covid?

[Anonymous No.50000978]

>>49993500
How you feeling about Athabasca after the weekend? You said last thread if it hits 1.95 the trend line is broken, it reached 1.96 today then immediately went down

[Anonymous No.50001386]

>>49000000
>>50000000
just checking what these enourmous gets were

[Anonymous No.50001507]

>>49994287
>>49994340
the changing of the reporting method COULD be used to hide a real move into gold derivatives
>this shit reminds me of what the fed did with their wierd m2 reporting
>>49997749
it doesnt clearly show this, but you would be anyways

[Anonymous No.50001579]

or even hide a move OUT of gold derivatives now that i think about it
>this would be a short / create selling pressure right?
these derivatives may end up worthless anyways, because they are just paper backed by nothing

[Anonymous No.50001596]

>>49977082
I bought a bunch of rough rubies emeralds and amethyst off ebay the other day
not even trying to profit just want them for my dragon stash

[Anonymous No.50001665]

>>49977082
also, I've been wishing for a hard-goods general in /biz/ to talk about and get ideas for things to buy in this inflationary moment

[Anonymous No.50001702]

>>49993377
They’ll just do what they did in the nickel market and reverse trades. But when that happens physical will shoot up in price and miners won’t since miners won’t be able to sell above market price

[Anonymous No.50001880]

>>50000978
>it reached 1.96 today then immediately went down
And is now back at 1.96.
Was a fun attempt at a swing, but might have to fomo back in

[Anonymous No.50001918]

Ppl specting Atlas salt to get up to 69.

I hope this is a meme.

[Anonymous No.50002453]

Baselode chads, we're going to $50

https://www.youtube.com/watch?v=5hr00Y9UoWw

[Anonymous No.50002555]

>>50001918
>Atlas salt to get up to 69
I'll take that, even if it's $69 in leafbux

[Anonymous No.50002594]

>>50002555
the one hot asian that gets posted

[Anonymous No.50004302]

>>50000978
>What do you think about athabasca

Im not happy right now. I'm still watching the weekly chart because it's way over stretched on the weekly and the trade is still in tact. I'm going to give it another day or two. I'm sitting in cash so it's not a big deal. In the meantime I'll just sit here and be butthurt and angry.

[Anonymous No.50004761]

>>49999304
>anti deep sea mining position
Awesome!
Very bullish for terrestrial miners. That includes my position in HCMLY (eg no dredging the seabed to get sand)

[Anonymous No.50004796]

So quiet, I guess everyone is just waiting to see where this market is going.
Should get money tomorrow, but damn I'm torn between buying right away and waiting to see where we're going.
I know I should load up on something instantly so I haven't entirely missed buying the dip, but on the other hand it's possible the bear market rally doesn't even happen yet and we continue further down before we get it.

[Anonymous No.50004913]

>>50004796
This is why you should DCA. Toss $200 at something today and $200 at something next week

[Anonymous No.50005019]

this can't go on forever, can it?

[Anonymous No.50005049]

>>50004913
That's probably the way to go, this market is way too unpredictable to unload even 50% into anything at the moment.
We might get one hell of a buying opportunity if things take a big tumble and blast through the supports and I'd be kicking myself for not having a considerable amount of cash for that moment.

[Anonymous No.50005091]

>>50005019
i don't see why it would stop unless the comex is drained to zero ounces. but even then, they could probably still continue to suppress the price somehow

[Anonymous No.50005262]

>>50005091
Nothing ever works this way, they can't continue shit once things start to spiral. it won't even take much to cause defaults. Deutsche Bank is a good example, it's not a matter of if it breaks, it's when it breaks and now there's talk of Credit Suisse also breaking. BOJ too.
There is so much rot in the financial system at the highest levels that I'm surprised when I hear people get doomerish.
All the recent cracks in the system we've seen point to an all-out collapse being very likely. It's not just me saying this, it's people like Jeremy Grantham, Burry, Ray Dalio, Nouriel Rubini, heck, even Larry Summers and other gigakikes are joining the crowd of people expecting a severe downturn.
July is days away fren, a recession is officially going to be announced in a few days (2 quarters of negative growth) and things will just spiral from there, anyone still in denial about the economy is going to start having their delusions swiftly broken.

[Anonymous No.50005292]

>>49986399
>Is it worth getting silver junior miners at this price level?
People complain they didn't buy during March 2020 but now they complain price might keep dropping. Truth is few are really contrarian.

>>49987096
Yep, hard truth. Have seen Magna Gold which seemd "safe" completely shit the bed. Then Gold Mountain. Both producer. Then recently Defiance Silver getting their land stolen. Aurcana, PMG, etc. There is so many example and that's another reason why I love so much Impact Silver, 15+years and still robust as fuck.

>>49987172
>But then again the gains are absolutely retarded when something actually works out.
Exactly, see picrel.

[Anonymous No.50005325]

>>49977082
am i supposed to se a merchant in the pic OP?

[Anonymous No.50005355]

>>50005325
I see it too now that you mention it hahaha

[Anonymous No.50005373]

>>50005292
>People complain they didn't buy during March 2020 but now they complain price might keep dropping. Truth is few are really contrarian.
Yeah I think I will stick with physical for now, already have a decent stack. I picked up a little more GDXJ because of the sentiment being in the absolute shitter.
Seems like I was already following RR without even necessarily knowing what he said.

[Anonymous No.50005468]

>>50005373
Physical is a perfectly good option when you already have a good stack of miner/etf. Safe 5 bagger easily.

I'm just more oriented towards miner since I need risk and gains; safe doesn't interest me. Currently trying to get as much cash as possible, seems like firesale are coming.

[Anonymous No.50005505]

>>50004302
>I'll just sit here and be butthurt and angry.
Same lol. I resisted the urge to fomo my cash back in after all but I'll at least see where we close I guess since it's only Monday but if oil doesn't take a shit by tomorrow I'll probably just go back to holding

[Anonymous No.50005521]

>>50005292
>Have seen Magna Gold which seemd "safe" completely shit the bed
Even their study showed $1250 AISC IIRC so they were always going to be a high cost producer and cost is looking to be somewhat higher which is so often the case.
>that's another reason why I love so much Impact Silver, 15+years and still robust as fuck.
Are they really robust as fuck though?
Also
>Mexico

[Anonymous No.50005562]

>>50005505
Same. I did what the charts said to do and the weekly charts are still going my way. My original timeline on this was to sit out for two weeks but I'll still seethe about market faggotry along the way.

[Anonymous No.50005634]

>>50005521
>$1250 AISC IIRC so they were always going to be a high cost producer
I wouldn't call 1250 high cost but I get your point yes. However, their recent nosedive has nothing to do with it. They just shit the bed. Hard.

>>50005521
>Are they really robust as fuck though?
No producer last 15 years without being robust. Half their market cap is in cash and they are looking to buy some ready-for-production asset right now. Small reminder, one of their latest drill result : IMPACT Silver Drills 3.38 Meters of 2,186 g/t Silver and 6.04 Meters of 464 g/t Silver at Guadalupe Mine

>Mexico
Going down but still better than most. I just think we are safe absolutely nowhere, the world is going mad. I have a concentrated portfolio right now but I'll take big gains when we reach 50$+ spot price then redeploy a tons more; diversification will be the main strategy to protect myself while still riding the beast; we have 5+ years of bullmarket ahead of us.

[Anonymous No.50005757]

>>50005262
but the question is: will the comex default? it doesn't matter what else is happening. all that matters is if there are mechanisms in place to prevent a default no matter what happens. you saw what happened in the nickel market. they basically shut down and reversed a bunch of trades that had already gone through. i think they will continue to suppress prices in ways that we can't even imagine

[Anonymous No.50005769]

anyone know whats going on in the markets today? everything is selling off except oil. stocks, bonds, the DXY, commodities... doesn't the money have to go somewhere? if everyone was going to cash, we should see the DXY pumping

[Anonymous No.50005844]

>>50005521
>>50005634
Also, I'll link this interview again, I love these quotes
https://www.youtube.com/watch?v=E_7G7SGtu-w

>ironically, the companies that don't make any dollars at all at 20$ Silver, are the guy that generate the largest pro forma increases at 50; which is to say the inneficient producers offer more leverage
>Silver is where Uranium was 2 years ago

[Anonymous No.50005861]

>>50005757
After that severe downturn I mentioned really kicks in, then yeah I don't see how they can avoid it, they won't be the 1st or the last to default. Idk what the outcome of a default will even look like, considering the LME thing you mentioned.
The LME being situated in London (or is it HK, idek) and the COMEX being situated in Murrica might make the dynamics very different, especially when the Dems are in power. They might be looking to dump all their inflation woes on the necks of a few large banks to make it seem like they are taking things seriously. They also might just let the banks go under because there's no other move they can play now other than to hyperinflate which I doubt they want.

[Anonymous No.50005998]

Bonanza

[Anonymous No.50006094]

Just saw a sidebar ad for Daily Mail on Twitter ... looks like that baby mammoth is making the news cycle now.

[Anonymous No.50006466]

>>50005634
>I wouldn't call 1250 high cost but I get your point yes. However, their recent nosedive has nothing to do with it. They just shit the bed. Hard.
That's just AISC, you have to add a few hundred dollars on top for other overhead costs not including tax at the end. And these small companies will almost always have higher costs than the study so all in all they were going to have a tight profit margin if gold didn't move up even if things went well, which is why they were pretty cheap even before the drop.
If the stock crash didn't have anything to do with their operations then why do you think it dropped?
They actually did manage a small profit of 6 million last year, but started out losing 4 million in the first quarter this year.
>No producer last 15 years without being robust
They probably just issued shares along the way to pay for their losses, money must have come from somewhere unless they were profitable back in the day.
But sure if you think silver is going to the moon then I understand the investment.
>>50005844
>ironically, the companies that don't make any dollars at all at 20$ Silver, are the guy that generate the largest pro forma increases at 50; which is to say the inneficient producers offer more leverage
That's only true if the company is cheap due to it not being profitable. You are starting to get decent leverage down here with impact but wasn't great at a dollar. Lots of breakeven companies are actually not even that cheap so you have to look at $ paid per ounce produced. For a long time Great Panther was trading like they were making good money while actually losing insane amounts, just now after dropping 80%+ do you start to get compensated for high risk with cheap P/S. People were talking about the stock being cheap when it was double what it is now just because it had already dropped so much, without actually looking at the fundamentals. So many people don't do basic DD lol.

[Anonymous No.50006487]

>>50006466
forgot this

[Anonymous No.50006683]

>>50006466
>these small companies will almost always have higher costs than the study so all in all they were going to have a tight profit margin if gold didn't move up even if things went well
Very true, good things to keep in mind.

>If the stock crash didn't have anything to do with their operations then why do you think it dropped?
Sentiment + grade not being as good as planned. Lot of small things that make you doubt they can pull off their agressive strategy. Still a good company to keep on the side and check from time to time. Their debt doesn't help though.

>They probably just issued shares along the way to pay for their losses
No, they did 3 raise in 10 years. Very few dillution. Fred focused on high margin section of their land. Produce less but produce at profit. That was very well played. Still sad to see shares at 150M but if Silver really goes up, we might be the next Silvercrest.

>But sure if you think silver is going to the moon then I understand the investment.
Yep, IPT isn't a good investment at all if you are not a silver bull. At the end of the day, no matter how good their land and management is, IPT is a leveraged play on spot price.

>Lots of breakeven companies are actually not even that cheap so you have to look at $ paid per ounce produced
Ha! I see you are talking about First majestic, very true. However, lets keep in mind that silver company are very rare. Very rare. So they tend to be overvalued compared to their earnings.

[Anonymous No.50007470]

Rev up the helicopters.

>California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.”
>“Millions of Californians will be receiving up to $1,050 as part of a NEW middle class tax rebate. That’s more money in your pocket to help you fill your gas tank and put food on the table,” he tweeted.

[Anonymous No.50007570]

>>50007470
This is fucking hilarious. I'm starting to think they know exactly what they're doing when they do shit like this. They want to accelerate the collapse and preside over the ruins.
We're getting hyperinflation so that's a good outcome for us here.

[Anonymous No.50007737]

Looks like Alexco shit the bed as well, down more than 80% in just 3 months. These companies really do drop like flies. Apparently they weren't ramping up production fast enough and losing money so they decided to halt the mill and mining for the rest of the year and just focus on development so they can start mining again in Q1 2023 lol. What a fail.
Not sure i'll ever dare invest in junior getting into production with their first mine.

[Anonymous No.50008051]

>Colonial Coal up 28.40% today on no news
This thing has been crabbing downwards on me for months, suddenly I'm up 6%. feelsgoodman

[Anonymous No.50008267]

>>50007737
Yep, its well known the biggest risk is when entering production... Sad.

I truly hope BLLG and GSVR make it out fine.

[Anonymous No.50008330]

>>50008267
Poo bros

[Anonymous No.50008627]

Blue Lagoon chads, we are carving out the bottom here. Soon, our great village leader Rana will come out with some tremendous news and we will all make it. I await all 250k+ share holders joining the multi milli club any month now

[Anonymous No.50008806]

>>50008267
I was wondering how close blue lagoon is to production, apparently they expect a production decision late Q3. I thought they would have had that already, I hate how long these mines take to get going.
At 40ktpa it's probably only going to be around 10koz/y. Likely going to be rather high cost, but you never know. Some of the recent drilling results have been good, I suppose if they can mine some half oz/t stuff they should be making good money.

[Anonymous No.50008846]

i just want bayhorse to go bankrupt already

[Anonymous No.50009224]

>>50008627
Will 100k+ shares holders make it?

[Anonymous No.50009272]

it's really fucking starting to come apart

[Anonymous No.50009296]

>>50009272
that 50% threshold has now been crossed btw. we're in the endgame now.
https://twitter.com/NikkeiAsia/status/1541523032002494465

[Anonymous No.50009318]

>>50009296
Anime land is complete fuck, rest in peace

Where's the japanese booba poster?
Your waifus are almost ready for delivery sir.

[Anonymous No.50009410]

>>50009318
desu it's more to do with how this quickly becomes contagious given how the BOJ owns so much US debt, it's like that image of guy with the increasingly-large dominoes, and it's that 1st domino in line. I used to wonder why the zerohedge faggot was obsessed with the BOJ until I started to figure out how it's basically *the* auxiliary US Federal Reserve.

[Anonymous No.50009426]

>>50009224
There is room for you friend

[Anonymous No.50009492]

What’s the deal with Hymc? Why did AMC buy it? And why is it priced so low? Their graph shows negative decline— why did that happen?

[Anonymous No.50009614]

>>50009492
They can't make money I'm guessing. And AMC is about to get a crash course in the junior mining space. AMC investors didn't deserve to make it anyway.

[Anonymous No.50009645]

>>50008846
Eh just give it 2 more weeks

[Anonymous No.50009690]

>>50009318

>Tfw Uranium stocks shoot to the moon while Yen gets completely fucked along with Japanese real estate prices

Cheap Nippon luxury homes here I come.
It'll be interesting to see what happens to all big players who have been hedging in Yen, thinking it's going to weather this storm like it has done with all others.
Also if BoJ falls in any way the entire nation is basically over in one week.

[Anonymous No.50009776]

>>50009690
Dont people often short JPY to long other currencies?

[Anonymous No.50009954]

>>50009776
Forex is normally pretty boring and awful to trade but times like these are when it can be profitable. BOJ printing money like mad while US is tightening and increasing rates so you get interest on top of appreciating USD. as JPY has had negative & near zero rates for 10 years.

I would tend to think BOJ can't keep printing for long, nor can US afford to keep rates too high. But it's hard to make sense of anything.
>>50009410
so where do you think currencies are headed now?

[Anonymous No.50010055]

>>50009296
>>50009318
>>50009410
>>50009954
wagmi

[Anonymous No.50010201]

>>50009954
>currencies
Probably higher for the $, yen is going to get fucked but many analysts are saying this is where the BOJ will reverse course and start rate hikes which will basically kill their economy. The BOJ is fucked either way. Other currencies are just as fucked against the $.

[Anonymous No.50010370]

>>50007737
Thanks for the update. I came to ask why this piece of shit was falling harder than BHS, glad I only pick winners. At least all the safe Large Caps I bought are also swan diving.

[Anonymous No.50010411]

>finally found a prospective location to look for gold in quartz tuff
>only one gallon gas away
>hike from car parking area is only a mile from site
>it's 105-110F
damn you, weather

[Anonymous No.50011022]

Platinum price predictions a week from now?
It won't be too late to get priced in until then, is it?

[Anonymous No.50011197]

>>50010370
>See shitco
>Fundies are fucked, macro is shit, TA is bearish
>Perfect short opportunity
>Sorry! This equity doesn't have a posted borrow rate, if you short it, the fee could change at any time!

[Anonymous No.50011201]

>>50009690
>Cheap Nippon luxury homes here I come.
Bros we all going to make it? I might have a vacation home there. I still need my bunker in America in case China starts taking over Asia.

[Anonymous No.50011803]

How many ounces of silver do l need before investing into commodities?

[Anonymous No.50012570]

>>50011803
1 real or 21164.4 digital. Either or should work equally to cover your vulnerabilities there.

[Anonymous No.50013004]

>>50011201
these nips are getting buttfucked by globohomo bc they want to keep niggers out of Japan and their using COVID regulation as a way to do it. The jew realized this and said hey they gooks aren't letting our nigger orcs impregnate their womenso we can lower the average IQ in their country. This is the only way we Jews will ever be the smartest race on Earth.

We must make these slanty eyed goyim pay the price. Let's destroy their economy then buy all their properties.

Ahhh, you are a clever jew Finkleburg.

[PAN MAN No.50014198]

>>50008806
shipping is going to be their serious headache when starting production, if fuel prices keep climbing i wouldnt be surprised if they start shipping by rail instead.

[PAN MAN No.50014224]

>>50007737
fuck thats sad news to see, but its happening to a lot of smaller new producers. costs are way up and you can only ramp up production so fast before things get broken or loose focus.

[PAN MAN No.50015229]

https://www.mining.com/web/mining-firms-poised-to-lead-capital-raisings-in-canada-tsx-ceo-says/
I wonder how many of these companies will actually be able to raise funds to build projects in this market climate?

[Anonymous No.50016025]

>>50015229
HNW investors still need flow through investments this tax year. 2023 will be a desert for capital raises... which is honestly fucking great STOP DILUTING MY BAGS CEOS!!!!!

[Anonymous No.50016452]

Syscon's goal is to enhance Etheruem's contributions through a better security mechanism and apply upgrades that will allow smart contracts to scale to the level needed for web 3.0 applications.

[Anonymous No.50018290]

Bump

[Anonymous No.50019395]

>>49977082
The fundamentals look pretty interesting for SLP, is there any reason why I shouldn't buy? I don't know much about platinum, so will have to do loads more research.

[Anonymous No.50020383]

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/933-tsx/sea/123921-seabridge-gold-completes-updated-preliminary-feasibility-study-for-ksm-project.html

Seabridge posted an updated PFS this morning. 1Moz per year over 33 years. 195ktpd mill. And it only uses 20% of their entire resource of 11B tonnes, what a massive project. But with a price tag of $6.4B to get it running only very few will be able to bid for this one.
Western copper and gold also published a new study today, also huge.

[Anonymous No.50020523]

>>50020383
>$6.4B to get it running
good lord who in the world would take on such initial CAPEX?

[Anonymous No.50020631]

>>50020523
Barrick and Newmont are probably the only ones who realistically could do this singlehandedly, and even they might prefer to do a joint venture. Outside of gold I can't remember their names but there is a few even bigger companies like BHP that definitely could build it themselves.

[Anonymous No.50020971]

Galleon frens, first 2 holes of '22 drilled, assays pending

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2697-tsx-venture/ggo/123935-galleon-gold-completes-first-two-drill-holes-of-2022-drill-program-at-west-cache-gold-project.html

[Anonymous No.50021816]

Galleon hits visible gold
https://ceo.ca/@newsfile/galleon-gold-completes-first-two-drill-holes-of-2022

any geologists want to take a look at the pics and comment? requesting PAN MAN

[Anonymous No.50022209]

>>50021816
nice rocks

[Anonymous No.50022293]

>>50021816
says right there it's pyrite nigga

[Anonymous No.50022575]

>>50021816
>>50022209
>>50022293
these guys will easily pass 2M oz, just slurped 1,000 shares

[Anonymous No.50022625]

>>50022293
nice pyrite rocks!

[Anonymous No.50022739]

>>50022293
>says right there it's pyrite nigga
well the report said there was visible gold, i dont know if that picture specifically was supposed to have it, there are multiple pictures in the report

[Anonymous No.50022981]

GDXJ free fall

[Anonymous No.50023430]

>>50021816
No geologist, but Galleon is in between Pan American Silver's Timmins West Mine and Newmont's Hollinger Mine. Galleon has the same good type of deposit that isn't nuggety

[Anonymous No.50023715]

Kinross just held a conference call with an update on some of their American projects and especially their new acquisition Great Bear. They said that they expect the maiden resource to come in at 4-5Moz, I suspect that this is why they are trading down more than peers today. The talk was about the deposit being 8Moz when they bought it and it could of course still end up there but the expectation was probably that they were closer. This will be after 200,000m drilled this year.
I believe they said 6-8 strip ratio for the open pit and grade will be 2-3g/t, if that is right then I can start to understand why they paid so much. That must be extremely high margin. If they can do 3Moz from the OP at $600/oz net profit margin then that is already $1.8B. They paid $1.3B. And then they have the UG after that which they are very bullish on, but the drill results don't seem to be that great. But that is why I generally stay away from explorers because there are a lot of variables, if the zones are large and with good continuity and easy to predict then it can be very profitable even without these amazing intercepts.

[Anonymous No.50023972]

>>50010411
Just make your own climate, lol

[Anonymous No.50024022]

>>50005562
Still sitting on the sidelines with oil for another week or two I'm in no rush, I did what the charts said to do, just hating these god damn, godforsaken satanic markets in the meantime.

[Anonymous No.50024098]

>>50023715
Kinross just can't catch a break man. Lol fuck.

[Anonymous No.50024101]

>>49999999
>>50000000

[Anonymous No.50024210]

>>50024098
Yeah they got fucked by the russia thing, they had some great assets there. But I dont think even think their stock has done much worse than peers over the last few years.

[Anonymous No.50024239]

wow this shit is unbearably fake and gay

[Anonymous No.50024482]

I really like seeing this bear market rally sputter out.
Come on and destroy the big supports, I know you can do it.

[Anonymous No.50024639]

>didn't sell Athabasca despite Redwolf fud
cheers lads

[Anonymous No.50024854]

>>50024639
You still have time to get blown out. The weekly chart is still in play.

[Anonymous No.50024965]

>>50024854
Weekly chart looks like uranium back in September and uranium still hasn't recovered since then.

[Anonymous No.50025328]

>>49988836
The flooding in BC really did them in.

Kinda cool losing 96% of an 'investment', but it was a relatively cheap lesson.

[Anonymous No.50025827]

Even NewFoundGold isn't looking too hot. I thought this one would be stronger but it looks like it'll drop below 6CAD soon.

[Anonymous No.50025843]

>>50025328
This Bill Powers fag gave me a "Mining Stock Education" on how to pump his bags and turn $2950 into $200 (as of today). Don Durrett and PAN MAN liked them too, highest fucking silver grade in the world in the best jurisdiction, but a dogshit CEO. Maybe Drover will die and I'll break even in 5 years with $50 silver

[Anonymous No.50025940]

>>50025827

It does feel like the best course of action is to just leave juniors alone for now and to pull out of them if you're invested, wait for few months to see who gets fucked and invest into the surviving ones.
When oil starts rocketing upwards it will be another test to see who can actually afford to dig out their metals so there's that fun part coming up too.

[Anonymous No.50025977]

>>50025827
Still at a billion dollar canadian mkt cap and they don't even have a resource yet. Yes their drill holes are amazing but how big is this thing? I have no idea. Has to be huge to make a good return at this valuation. Great bear was sold for US$1.3B (+ some small contingency payments) and everyone seems to agree that Kinross overpaid.

[Anonymous No.50026023]

I'm long GDXJ. What am I in for bros?

[Anonymous No.50026185]

>>49988836
oldbanker still believes

[Anonymous No.50026282]

>>50026023
immeasurable disappointment and loss of capital

[Anonymous No.50026562]

>>50025843
Kek, can relate.

>>50026185
I bought 200 at 8 cents for a chuckle.

[Anonymous No.50026610]

Syscon's mass node network utilizes chain logs which fully protects against the threat of 51% attacks. Perhaps these days the main criticism being levied against proof of work security is the energy and efficiency.

[Anonymous No.50026827]

Kinross will probably hit a weekly trendline in 3.5-3.6 area soon. I am not bullish gold miners for the rest of 2022 but i will try a swing trade there.

[Anonymous No.50026993]

>>50026282
Why? Thanks in advance.

[Anonymous No.50027026]

>>50026993
recession/depression, QT, spot price falling through floor, miners profits bottlenecked due to high input costs

[Anonymous No.50027040]

Commodity chads, what do you think of my holdings: Dennison Mines, Fortuna Silver, Equinox Gold, Athabasca Oil, Verde Agritech, ??

[Anonymous No.50027062]

>>50027026
Thanks, don't you think it's possible we see precious metals do well longer term if inflation runs hot for a while?

[Anonymous No.50027408]

>>50027062
No because that would imply common sense and a foundational basis in reality, which these markets do not operate on. If you want to profit in these markets, pick the most dogshit, pants on head retarded investment like an exercise bike company, and it will go to fifty billion dollars.

[Anonymous No.50027469]

>>50027408
Haha yea I guess so. But in the long term the market rewards those who make wise financial decisions. I'm in the process of learning value investing.

[Anonymous No.50027867]

>>50027469
>Not making dumb fuck financial inevstments.

Sorry Anon but in this market you're just never gonna make it.

[Anonymous No.50027999]

>>50027469
You’re on a dead board on which 90%+ of people have lost insane amounts of money buying precious metals miners that do nothing but dump talking about an ETF that has done nothing but steadily decline as gold has gone up in value, taking about value investing. Damn man you belong here. Do the needful with bayhorse it’s deep value investing sir

[Anonymous No.50028147]

>>50027999
didn't you get the news? GV announced today the bottom is in for juniors

[Anonymous No.50028259]

>>50027062
we will, ignore that doomer. but he's also partly right about how we still have a few drawdowns to go through. long-term GDXJ is going to do extremely well, but it will take patience, like if your time horizon is not 2 or 3 years then you're probably going to have a bad time.

[Anonymous No.50028284]

>>50028147

[Anonymous No.50029019]

>>50025940
>not looking good
>time to pull out
If you buy when things are "looking good" you're buying the top

[Anonymous No.50029141]

>>50008627
Reporting in.
We're all gonna wagmi

[Anonymous No.50029336]

>>50029019
Generally speaking I agree completely, but considering how many juniors are already getting fucked and soon we're in for a very long and radical rise in fuel costs. Oil may very well blast way past $150 range to even +$200 once they can't suppress the price anymore.
Many of these juniors are going to get completely fucked when that happens and if it looks like they're already standing on shaky ground, it might be a good idea to simply cut the losses and move to the ones that are larger and far more stable.
I think the mentality of holding onto the stock forever shouldn't be applied so readily when it comes to a sector that's known for very often going to zero rather than pulling great gains.
Nothing wrong in waiting on the sidelines to see which ones are actually going to survive in the near future before starting to throw money into them.

[Anonymous No.50029900]

>>50029141
based, the temporary pain we're enduring along the way will only make it that much sweeter when we make it

[Anonymous No.50030693]

>>50029900
We will be comfy in the end
>>50029336
I remember a chart posted here a few months ago showing gold cyclically dumps to the average producer AISC and then pumps, I wondered at the time if AISC would pump to meet the price this time and it seems to be the case. The best names with flawless balance sheets will survive and thrive, companies with debt will die if i had to guess. If you watch the Why I Hate Miners series the common thread is always debt and costly acquisitions with the odd scam (false PEA) thrown in

[Anonymous No.50030896]

>>>49989765
math lesson

[Anonymous No.50031227]

>>50022575
30k shares right here

Call me a retard but I want 40k of horse next paycheck…Idk what to slurp.

[Anonymous No.50031335]

>>50031227
>horse
retard

[Anonymous No.50031607]

>>50031335
>Nigger cattle

that bad larry pumps to .20 on good news in silver.

Buying now is a 5x once silver pumps to 30. It either pumps to .20 i make my money and have the rest riding if this horse gallops or it goes bust.

[Anonymous No.50031671]

>>50031607
you should have listened when everyone told you gaywhore was a scam

[Anonymous No.50031740]

>>50031671
I know you listen to everyone.


>He who dares.

[Anonymous No.50031801]

>>50031740
>grunt takes orders IRL because that's what he got bitchwhipped into doing for zog
kek
ngl zogbots deserve everything they get and worse
gaywhore is a literal fucking scam and will never track the price of silver
by all means, throw all your future earnings into it retard

[Anonymous No.50031857]

>>50031607
I have that book.

[Anonymous No.50031870]

>>50031801
So when it pumps to .20 and I sell and you take a position because you cant help but follow the herd and buy high will you remember this conversation?

[Anonymous No.50031967]

>>50031857
Was a damn good read working on popular delusions before i break into bobs other book.

[Anonymous No.50031976]

>>50031870
I will remember, as I don't have many conversations like this on here and when I do call a shitter a shitter I tend to remember the when and why. I don't tend to follow the herd though.

[Anonymous No.50032092]

What's on the menu boys? Uranium doesn't look too hot, oil is going up slowly, and natural gas is as volatile as a crypto shitcoin

[Anonymous No.50032221]

>>50032092
>What's on the menu boys? Uranium doesn't look too hot
anon....
you buy commodities when they don't look hot. natgas isn't too bad but a bit late.

[Anonymous No.50032954]

>>50032092
>What's on the menu boys?
eggs, potatoes, flour and lard
really feel like capitulating and pulling everything out, selling the bottom and start a new live in the pod
>but as a hermit or monk growing my own veggies at least
make of that as you will
>>50031801
its not a scam but a lifestyle company
its really lovely and the lowest impact way to operate a mine
i honestly love it, the old machinery they keep running and everything
i wish them only success, even if the horse cult is made up of incredible salty fags
>if anyone talks to grame tell him he should make a reality tv style youtube/odysee channel, would do wonders to the stock price and this project is perfect for it

[Anonymous No.50033378]

>>50025940
Right. Most of these juniors will not survive, but many of the ones that do will be the 20 baggers. The only question is if you'll have enough time to accumulate, or will money just rush into juniors overnight once pms finally take off

[Anonymous No.50033388]

>>50032221
Should I ape into uranium then? Or oil

[PAN MAN No.50033389]

>>50020383
Seabridges KSM Mine will be one of the greatest polymetallic mines in BC, it cant be understated how huge the project is in our province.

[PAN MAN No.50033405]

>>50021816
>>50020971
great looking core, lots of fine grained pyrite hosting gold.

[Anonymous No.50033416]

>>50027408
Clown world is coming to an end real soon. Like 2023 latest

[Anonymous No.50033492]

>>50033388
In my opinion/experience, the longer you can hold off from aping in, the better. There will come a time to ape in after this drawdown but it's probably not going to be until the 1st signal we get that the Fed is going to restart QE and stop hiking rates.
I tell you this even though I've aped in and slurped the dip even though I knew it was too early. So idk how very new investors will behave. Maybe you'll be smarter than me but I kinda doubt it. Even then, I'm not as badly down as some of the anons here, and my time horizon means idgaf about a couple more drawdowns. Figure out your time horizon and your risk tolerance. Don't leverage unless you're a pro which you're obviously not otherwise you wouldn't be asking.

[Anonymous No.50033689]

>>49977090
Because the metal is actually cassiterite (tin IV oxide) and the petals growing around it are potash mica one of my favorite minerals (basically they are super thin sheets of potassium and aluminum compounds bound typically to hydroxide

[Anonymous No.50033758]

Tomorrow is the big red candle day for Oil, I can feel it.

[Anonymous No.50033897]

>>50033492
I have mostly resisted aping so far but I am always looking for ways to make money in the short term from swing trading stocks and ETFs. I have made some small profits from day trading oil and gas ETFs but it is a bit of a gamble because at any moment some news report from a distant refinery can dump the market and throw off my trades

[Anonymous No.50035751]

up

[Anonymous No.50036372]

I have not made money from this general.

[Anonymous No.50036675]

>>50036372
Any day now, bros...

[Anonymous No.50037537]

>>50036372
I also have not made money from this general

I've made a shitload of money while reading this general, but only because I like to lurk while I'm doing invoicing, compliance paperwork, and estimates.

[Anonymous No.50038142]

If I'm hand-picking an optionable stock, how can I limit my risk exposure to volatility for that specific company? VIX isn't really an option since it's for the SPY

[PAN MAN No.50038888]

This is interesting!
A chinese shill campaign against mining in other parts of the world.
https://www.mining.com/web/pro-china-digital-campaign-targets-mining-firms-cybersecurity-report/

[Anonymous No.50039261]

>>50038142
Like lemme use SPY as an example. Suppose I want to go long theta and be as risk averse as possible. According to the greeks, if I short 310 calls and short 286 puts, this gives me a gamma of 0 (delta does not change). Then, I minimize delta by going long on the stocks. This gives me an overall delta-gamma hedge, and I'd theoretically earn $19453/day for a week. Great.
But despite having an effectively risk-off position, it's still possible to lose money if the price drifts too much in either direction. Why is that? Shouldn't gamma have neutralized this?
Vega isn't really a factor, since it seems to have the same shape and breakpoints at expiry regardless of its value, and Rho doesn't even matter.

Also I realize this is a guts credit spread, but even if I reverse the values, it has the same shape profile (also this probably should go in /smg/ but it's basically unusable right now)

[Anonymous No.50039306]

>>50036372
If you bought post 2020 crash rebound you're stupid, i didn't because i had no capital at the time and people have been scolding me ever since. it's not unique to this general but im getting really hard over these validating market crashes.

[Anonymous No.50039326]

>>50036372
that said uranium is the future, i'm just waiting for a juicy entry. imagine thinking nuclear wont' be 100x more popular than it is today 50 years from now lmao

[Anonymous No.50039515]

>>50039261
What are you using for the values in the spreadsheet?

[Anonymous No.50039538]

>>50038888
In addition to China there is also a bot army from Indian Gvt. trying to scam people into buying a company called "poo lagoon"

[Anonymous No.50039569]

>>50039515
Just entered the appropriate greeks, multiplied by qty and summed. Thats why the scale and different quantities are there

[Anonymous No.50039675]

>>50039569
These are the Greeks I get when putting that trade in. I don't think it's as simple as adding them up

[Anonymous No.50039835]

>>50039569
>>50039675
Actually this, missed the long stock

[Anonymous No.50039914]

>>49994165
Steve does nothing but demonstrate the futility of technical analysis. He talks big shit and sounds good but it's all fluff and nonsense in practice. Waste of time watching his shit.

[Gemstones-Can No.50039923]

Elsmore cassiterite
bit overcast today so it looks like shit

[Anonymous No.50040040]

>>50039569
Doing what I think you're trying to do gets me this

[Anonymous No.50040136]

>>50039675
>>50039835
>>50040040
Ah no worries then. I was trying to math it out by hand to see if I understood it, but without forking over money for a OS sub. Is it worth it? Do you use the flow tools too?

[Anonymous No.50040229]

>>50040136
I use it a lot, so I think it's worth it. I don't bother with the flow tools. Anything at that level is over my head.

[Anonymous No.50040282]

>>50039261
You're short gamma on the call and put you sold. Its not like delta, the distribution of gamma over the underlying price looks like butt plug you currently have inserted.
https://www.ally.com/do-it-right/images/2018/03/56133_option-greeks-gamma.png.png

[Anonymous No.50040287]

>>50040229
Funny, the option day traders I follow on Twitter are the opposite - they love flow to see where whales are moving, but get completely baffled by greeks.
Protip: volume is current day and OI is cumulative contracts. When vol>OI in a ratio of like 80, with less than 14dte it can signify a big move. For example if 2000 otm calls on VALE appeared, then its probably a firm trying to sell CCs for profit. Its used as a starting point to look into something interesting... someone always knows

[Anonymous No.50040346]

>>50030693
That's one thing we st least do right in cmmg is we avoided the miners with tons of debt

[Anonymous No.50040364]

>>50040287
Over my head in the sense that I know I, as a retail investor, can never hope to compete with the real money in the market, and following the movements of whales seems to be trying to do that.

[Anonymous No.50040378]

>>50040346
>>50030693
How do you know an explorer/junior isnt a scam if it takes tons of startup capital and potentially years to becone operational?

[Anonymous No.50040414]

>>50040364
Its more like smart money doing the work and leaving breadcrumbs for you to enter similar positions. I did it once and got $60 by selling an option the next day. I'd like to be consistent and confident and then scale it up.

[Anonymous No.50040454]

>>50040414
So you just mimic the trade that a whale made and that's it? Or is there more to it?

[Anonymous No.50040555]

>>50040378
the only reason it takes millions of dollars and years of time is they have to prove the mine is viable for investors.

in the private mining sphere they don't have to do that so it takes $2486 to start a mine and most are operational in a few months.

[Anonymous No.50040594]

>>50040454
More or less but like I said it should be a starting point for a trade, you should still investigate pending news, macro condition, TA, etc. Think of it as trade forensics. But Ive seen people post 1800% returns and flip a $10 contract into $500+ off of meme plays or highly speculated companies.
Its ultimately one way to trade. Works for some and not for others.

[Anonymous No.50040983]

>>50032092
Uranium is pegged to the stock market and has about 20-30% possible downside left.

[Anonymous No.50041001]

>>50033758
Weekly chart still shows considerable downside. Just like what happened with uranium. Fundamentally no reason other than being so stretched over the 200 dma.

[Anonymous No.50042849]

>>50023715
>>50024098
i was saying kinross was a shitstock at the beginning of this year

[Anonymous No.50043141]

gdxj is getting fucking killed anons...
;_;
i'm gonna double down if it goes to 25

[Anonymous No.50043778]

>>49987108
The next cycle will come and they will still lose money to shitcoins. I'd rather buy something more useful and solve real life problem like LOX tackling mobile security issues.

[Anonymous No.50044192]

Crude oil still catching a bid. Seems like everyone thinks its going to pull back which makes me more bullish

[Anonymous No.50044784]

GDP revised lower
Core PCE up
Corporate profits lower

[Anonymous No.50045032]

GASX news from drjimjones on ceo.ca

[Anonymous No.50045059]

>>50042849
good call, Kinross has under performed, but they should still fly if gold ever takes off

[Anonymous No.50045563]

>>50045059
>if gold ever takes off
i dont think that will ever happen unless the USD fails. you will be waiting a long time

[Anonymous No.50045733]

>>50045059
>good call
Not really. Kinross has underperformed because they had to take a large hit on their russian assets, which the guy never predicted. Every gold stock is way down. Over the past decades kinross hasn't performed worse than peers either. Dont know why the guy hates them so much, probably bought a top and blamed the company instead of himself.

[Anonymous No.50046737]

>>50045733
>Over the past decades kinross hasn't performed worse than peers either
not true. i did a 10 yr comparison and Kinross had destroyed more shareholder value than others

[Anonymous No.50046951]

(new ID maybe)
>>50041001
Andys video today seems to agree that we might be bouncing downwards by the looks of things. Feels good, glad I didn't panic buy back in yet.

[Anonymous No.50046969]

>>50046951
ID formerly >>50033758

[Anonymous No.50047072]

>>50046737
It has outperformed barrick over the last 20 years. And if it wasn't for the russia thing the stock would trade 20%+ higher. Dont know why you seem to dislike kinross so much in particular.

[Anonymous No.50047347]

>>50044784
Eh? Is that the GDP that will be used for tomorrows recession announcement?

[Anonymous No.50047365]

>>50047347
no it was a revision of last quarter's GDP. it got revised lower

[Anonymous No.50047667]

>>50047072
i held it for a couple of years and physical gold outperformed it during that time so i just switched to physical gold

[Anonymous No.50048104]

same story every morning, how do we profit off of this?

[Anonymous No.50048135]

>>50047667
>>50047072 (You) #
>i held it for a couple of years and physical gold outperformed it
Something people tend to forget is that mining stocks are leveraged plays on inflation adjusted gold price. While there were some hype and momentum carrying the sector higher to the top in August 2020, it makes sense that the stocks are way down since then. Because we have had huge cost increases last 2 years, so inflation adjusted gold has done very poorly since that top. Likewise it's obviously way harder for miners to make money at 1800 today than 1800 in 2011.
The fed is not adding pressure on the stocks as he keeps assuring the market that price stability is the number 1 priority. Something I luckily got right and went to cash a few months ago. Prices are starting to look really tasty here but I think we have a few more months of extreme hawkishness left that will take the s&p down to 3000. Gold and gold stocks will probably be pulled down with it at first, but then should start to recover which I'm not sure the s&p will. Hard and risky to pick the bottom though.

[Anonymous No.50048181]

>>50048135
The fed is also*

[Anonymous No.50048830]

Blue Lagoon circling the drain. New all time lows coming shortly.

[Anonymous No.50048907]

Trillion PP closes oversubscribed

https://ceo.ca/@nasdaq/trillion-energy-international-closes-upsized-225

[Anonymous No.50049657]

>>50048830
why is Dolly Vagene holding up so much better than Lagoon? Maybe because I sold my Dolly at a $190 loss 6 months ago and moved it into Lagoon

[PAN MAN No.50049759]

>>50049657
I am not sure why Dolly Varden is doing better than Blue Lagoon right now, both companies are drilling on their projects right now. Both havent had much news either. Blue Lagoons still relatively unknown to the market while Dolly Varden is better known and in the venerable Golden Triangle. DV also has a far larger land package with better targets since they bought out that next door property from Fury Gold last year.

[Anonymous No.50050208]

>tries to warn you about miners for many months
You only had to listen

[Anonymous No.50050392]

>>50036372
5 bagger, blame yourself

[Anonymous No.50050416]

>>50036372
4 bagger, blame yourself

[Anonymous No.50050424]

>>50049657
Blue Lagoon is lucky to see a few hundred thousand shares trading hands in an entire week. It’s market cap is so low it basically only appeals to those with extreme risk/reward seeking tendencies. It also has essentially only speculative value as the profitability is yet to be reported on. They’re drilling, and hopefully they prove out a large good resource. If not, they are going to 0 no question.

[Anonymous No.50050616]

>>50050416
guanajuato is basically breakeven from when it was shilled

[PAN MAN No.50050835]

>>50050424
it really depends on what they find, if its more of the same mid grade material than they will probably just keep crabbing down, but if they get some stellar results it will spike back up. What they really need is that final permit, that would help loads.

[Anonymous No.50050908]

>>50050616
>was shilled when sub20MC
>currently at 77MC after 18 months of downside
>ATH at 160MC
Don't delude yourself anon, I'm up big on this position.

[Anonymous No.50051188]

Trillion Bros...

I have a 25k share order for 0.25 so it will probably rocket from here kek

0.28 was my original entry area so anything below is a mild surprise that should be taken advantage of. This winter will be Trillions hay day

[Anonymous No.50051297]

>>50051188
It was holding up strong for the first week or two after financing opened too. Unfortunately I bought my shares at a much higher price than what we have now.

[Anonymous No.50051476]

>>50045563
>fiat currencies last forever
Laughable

[Anonymous No.50051639]

>>50048830
>circling the drain
Same "Anonymous" seller has been dumping 1/3 of the daily volume every single day for 4 months now. At some point this seller will disappear and will mark the bottom, same as last time in February.

[Anonymous No.50051654]

>>50051640

move when rdy