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50281635 No.50281635 [Reply] [Original]

Japan Countryside 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: https://mailchi.mp/405fc5704571/the-power-of-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: >>50253011

>> No.50281707
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50281707

>>50281635
Thanks anon for the thread. We buying Irving or blue lagoon this week?

>> No.50281715
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50281715

Also here is your daily hedgeless horseman copium.

https://youtu.be/O0AhqCILDRI

>> No.50281744
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50281744

Also if you're not DCA at the bottom you are not going to make it. 1 month paycheck is going to be the equivalent of an entire years of work once the entire sector 10x. After the first 10x you won't be able to catch up with the OG commodity Chads who collectively own 10% of all of these juniors.

Also a side note. We won't be selling our shares to Bitcoin bros until at least a 50x (if they still have money at that point.)

>> No.50281798
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50281798

Here's Andy from finding value.
About the commodity bear trap.
https://youtu.be/g6zKDqbH9I0

Housing market won't crash also. Normies are going to be stuck in their houses will low rates. The housing market is still broken.
https://youtu.be/CNRIL2ODyDs

Transactions will slow down and prices might go down from their wish prices 10%.

>> No.50281987
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50281987

Euro bros got too cocky.
Props to Ray Dalio for actually being a hedge fund and protecting his clients money and not just be a degenate gambler like most hedge funds. Shorting the Euro wasn't a bad play.

>> No.50282059
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50282059

>>50281987
Euros are the same price as usd.

>> No.50282555
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50282555

You guys better be buying.

>> No.50283018

>>50281635
thank you baker, morning all!
Have some news!
https://www.mining.com/peruvian-authorities-strive-to-keep-dialogue-going-between-las-bambas-indigenous-communities-as-truce-deadline-looms/

https://www.mining.com/bhp-loses-appeal-to-multibillion-lawsuit-over-samarco-disaster/

>> No.50283395
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50283395

CPI data Weds, PMs should soar

>> No.50284036

>>50282059
This is lagarde's fault

>> No.50284078

>>50281635
>Salt: https://mailchi.mp/405fc5704571/the-power-of-salt

good read, Atlas just blew through US$2.00

>> No.50284561
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50284561

>>50281707
Already bought my IRV stack of the month. Now at 4k7 shares, feelsgood.

>>50281715
really needed iin this market. Down 50% almost half my positions...

>>50282555
I buy everytime the paycheck come in... poorfag can't do more...

>>50284036
>>50282059
This dumb bitch know very well what she's doing, CIA agent

>> No.50284616

>>50284078
I keep seeing Atlas mentioned, why are they going up? Why salt?

>> No.50284639

>>50284616
>why are they going up? Why salt?
https://www.youtube.com/watch?v=y0H2lWGC9F0
The real question is why the fuck won't they fucking go down so I can buy some

>> No.50284755

>>50284639
So it looks like they're operating a salt basin in Newfoundland... anyone else in that area? Shame they're TSX.V, I'd love to get options

>> No.50285288

>>50284616
if they deliver as advertised with the feasibility study that's coming they have what will be the biggest, lowest cost (gold standard) of salt mines in the world with a mine life that could exceed 100 years. people expect a big bidding war is coming

>> No.50285622

>>50281635
Big Bob was right. I'm dollarmaxxing.

>> No.50285925

i am never investing in a jr again

>> No.50286338

>>50285288
Interesting. Whats the environment risk of Canada? How often do we get protestors and regulations shutting down domestic projects? Couldnt someone stake a mine in a nearby area too?

>> No.50286340

>>50285925
the money changers might allow us to go up wednesday

>> No.50286566
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50286566

any questions for Lyn?

>> No.50286648
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50286648

>>50286566
Are you a man?

>> No.50286904

Warned you guys a few days ago about Snowline gold tanking 50%+. It's only down about 10% so far, still a long way to go. Save yourselves.

>> No.50287359
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50287359

SALT's fren doing well today

>> No.50288097
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50288097

One day, it will be our turn bros...

>> No.50288333
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50288333

Even though going down sucks balls, I still hope that we keep on doing this until next year or even possibly 2024.
I have zero doubts about commodities going up so to get an accumulation period for the next year or two would be amazing.
Hardest part would be accumulating a big cash position and waiting for the lows instead of constantly DCAing into this.

>>50284639

Salt is probably the best performing stock in the entire market over the last couple of years. It has done thousands of % and hasn't even done a proper pullback.
This thing isn't coming down any time soon, especially with the attention they're getting.
But I just don't feel like chasing something that has already done over 7000% from the lows, even if it's blatantly clear it still has a long way to run.

>> No.50288360
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50288360

>>50288097
thank God I ran out of money, last year I was thinking about chasing GoldSpot, CopAur and Emerita and would probably be down around 60-80% on those

>> No.50288497

>>50288333
checked, Atlas likely wont get cheap again, but if Vulcan pulls back it could be really smart to load up

>> No.50288767

I’m bored of this shit fucking market, I’m going back to other boards until this bull market kicks off again

>> No.50288933

>>50288497

Been looking at Vulcan for a little while. Actually I'm thinking of switching my poorly performing oil stock for Vulcan right away instead of waiting for any pullbacks that may or may not come.
Looking at Atlas any pullbacks aren't exactly guaranteed.
I have a feeling I'd be getting hell of a lot better deal by jumping into Vulcan even if I sell my oil at a 20% loss right now, because that fairly niche salt sector will almost definitely greatly outperform on a far shorter time frame.

>> No.50289444
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50289444

>>50288933
Yeah fuck it why wait, sold oil and I'm team Vulcan now. Already up too.
Atlas isn't going to stop running any time soon and it gives zero fucks about the greater markets, Vulcan is going to be trailing them.

>> No.50289535
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50289535

>>50288333
>Even though going down sucks balls, I still hope that we keep on doing this until next year or even possibly 2024.
Don't forget, unless you keep averaging down, you might only break even after a big pump. See picrel, some anons here are down 50% or even 80%. You'll need a 400% rise to break even in the later case.

Thankfully I'm only down 50% on most of my red position, only Silver One and Bayhorse are down 80-70%. 2/10 of my portfolio is down 80%, and down 30% overall. Not bad considering the massacre going on for 2 years.

WAGMI, hang on brothers.

>> No.50289591
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50289591

>>50288933
>>50289444
Digits like the buy. On top of all the Atlas shares Vulcan holds they also have a 3% royalty. If Atlas continues to be a juggernaut, and there's no indication they wont, and there's a big buyout it seems Vulcan would at least run up to around $1. LLAP

>> No.50290317
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50290317

>>50289591
Truly blessed digits, heralding the gains to come.
Sold one of my other not so well performing lottery ticket meme stocks into Vulcan, this thing is going to run.
Thanks for reminding me about the existence of this stock.

>> No.50290451

>>50290317
you bet fren, I pinched 10,000 shares of Vulcan and wish I had the money for a lot more

>> No.50290772

>>50287359
>tfw no vulv(a)

>> No.50291411
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50291411

https://www.youtube.com/watch?v=35E8N_g47LM

>> No.50292237

>>50286338
Only West coast projects get shut down because tankers carrying products for refineries owned by Irving oil don't harm the whales on the east coast. Only the west coast tankers harm the whales.

>> No.50293103
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50293103

>>50289535
Hello fellow bayhorse sister are you slurping these delicious deals?

>> No.50294613

They said cash pumps before it dumps commencing a recession. Are commodities still a good investment in a recession?

>> No.50294861

>>50294613
The fed will pivot to try and save the Euro. That is when commodities get another hurrah imo.

>> No.50295367

The dollar just refuses to stop going parabolic, my gold juniors are down 50% minimum and my largest asset (payed off house) is probably taking a 30% haircut in the next couple of years. This timeline sucks. I only have a couple dozen oz of gold and 1000 oz silver physically and feel like that’s nowhere near enough for the safety role that they’re supposed to play when you factor the actual 1%ers have massive stockpiles of both.

>> No.50295508

>>50294613
Commodities prices dump in a recession (think iron ore, copper etc) because reduced demand means no one is bidding up these assets.

For commodities you are basically reliant on China stimulating growth and construction to bid up commodities and if they aren't doing that word demand is down

>> No.50295518

>>50285622
>Big Bob was right. I'm dollarmaxxing
big bob here, even I'm not dollarmaxxing.

every day you hold a dollar cash is a day you lost money. You want to make as many dollars as you can, but you sure don't want to hodl

>> No.50296286

>>50295518
Yes
>Discourage saving thru inflation and regulation. Ship those dollars overseas for cheap garbage while you can
In 1964 the federal minimum wage was $1.25. In 1964 silver coinage (80%) would have netted a minimum wage worker nearly an Oz of silver every hour.
But that's dead so now we have to buy shit from 3rd worlders while they pollute the earth and enslave children to do it.
This is fine if you're a regulator and hampering america for the collapse of white civilization as a whole
Like big Bob here

Keep it in the green lads. I'll be on the river

>> No.50296602

>>50296286
I was just saying buy real estate.

You've never suggested a winning investment. I assume it's actually you that's sent to "hamper america for the collapse of white civilization as a whole." Weed's good though, amirite? weed and guns. Go buddy. YAGMI

>> No.50296788

>>50295508
So we got into the worst thing in this scenario?

>> No.50297568

evening all how are things, been busy. How are things?

>> No.50297800

big news out today on Seabridge and their KSM project!
https://www.mining.com/seabridge-gold-to-spend-115-million-this-year-prepping-ksm-mine-in-british-columbia/

>> No.50298736

last link for me tonight.
https://www.mining.com/canadas-top-ten-precious-metals-juniors/

>> No.50298987

>>50293103
Fuck that company and fuck Graeme o' Neil.

>> No.50299005

>>50296788
No. We are in stagflation and precious metals and energy are the best assets to hold.

>> No.50299178

>>50281635
I am officially NGMI. Cheers bros

>> No.50299363
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50299363

What's up bros

I have six computers, which added together is like 10 kH/s. What's a good way I can make a little bit of cash with this by mining or whatever?

>> No.50299373

>>50299363
lmao i'm retarded, you meant mining gold

>> No.50299971
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50299971

Coalbros...wgmi.

https://www.wsj.com/articles/germanys-nuclear-implosion-bundestag-robert-habeck-energy-europe-russia-11657572926?mod=hp_opin_pos_5
>Lawmakers, mainly from the Social Democratic and Green parties in the ruling coalition, nixed an effort to extend the lives of three nuclear reactors.

https://www.youtube.com/watch?v=RRh0QiXyZSk

>> No.50300360

>>50299373
Get out

>> No.50300365

>>50299971
They are commiting suicide

>> No.50300425

For those of you in despair regarding precious metals I recommend you read this article.

https://macro-ops.com/the-coming-bull-market-in-gold-dirty-dozen/

>> No.50300458

>>50299971
Germans will die in the cold. No gas, no nuclear, this is the future you chose.

>> No.50300920

>>50294861
why the fuck would jpow wanna save the yuro?

>> No.50300953

>>50300458
idgaf about the germans, i just want my U stocks to pump for once

>> No.50301175
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50301175

>> No.50301665
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50301665

>>50281635

so for example if you look now some commodities dropping, like metals are way down - silver, gold, platinum, copper,...

this is the final stage before collapse of the systems

(they) are trying to artificially suppress the prices as much down as they can, and buy up all the commodities with uselless worthless fiat

wealth transfer happening as we speak etc

wat do

>> No.50301721

>>50286648
That's a man!!!

>> No.50301979
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50301979

>>50301665
beat them at their own game, slurp?

>> No.50302704
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50302704

>>50288933
>>50289444
>>50289591
Big day for Atlas and Vulcan yesterday, will be watching to see what happens today

>> No.50302712
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50302712

Bros they are taking all the Platinum out of the COMEX RIGHT NOW.

>> No.50303159

>>50281707
Buying some shitty coin needs alot to get to the top, am getting horny on some sweet pussy payment platform that allows online merchants to accept all the major cryptocurrencies as a form of payment. Compared to the traditional payment methods.

>> No.50303183

>>50301721
Shut the fuck up man what making you feel terrible

>> No.50303250 [DELETED] 

>>50300365
Why the fuck will you commit suicide when you can earn while you invest. On
>>the digital payment platform that has been listed on CoinbaseInsto for several month is a seamless integration that enables e-commerce businesses to accept digital currencies and reap benefits traditional payment methods cannot provide

>> No.50303277

>>50299373
This should be the next future for the Op and not get his ass some shitty coin

>> No.50303444

>>5028170
Go get your ass some UTK and don't forget it's not about the dip but what you get of it

>> No.50303532

>>50283395
Even at 8% they didn’t soar. They will likely drop

>> No.50303559
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50303559

fukin kek… I remember you faggots shilling this piece of shit last year .. amateurs

>> No.50303715

>>50303532
I think the pattern the last several months has been
>premarket PM smash
>CPI data get released
>PMs go vertical into the green
>algos kick in
>PMs ground down ending slightly up for the day

>> No.50303958 [DELETED] 
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50303958

Wtf are you saying, You'd love it when it gets better,smart investors get rewarding through the Metastaking and On-chain staking features already and the Metabonding rewards coming onboard,

>> No.50304417

>>50283395
Any day now!

>> No.50304850

>>50303532
>>50304417
https://goldswitzerland.com/paper-gold-price-manipulation-rigged-to-fail/

>> No.50304934
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50304934

>>50298987
How about fuck you? Ever thought of that.

Gay Nigger.

>> No.50304945
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50304945

Irving order filled.

>> No.50305028
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50305028

More money for Ukraine guys!!!!!!

>> No.50305057
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50305057

>>50304945
well slurped fren

>> No.50305111

>>50303559
If it survives you buying this low will probably land you a 5x when silver pumps.

But you have hyper autism and can’t stop raging because you are having a personal vendetta against a company.. nigger, if its shit people can eat or not as they please. For your own mental health anon..

>> No.50305124
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50305124

>>50305028
kek

>> No.50305277

>>50304934
You're the biggest dumb shit on the entire internet. Fuck Bayhorse and Fuck Grame O'neil. That nigger doesn't respect you enough to even give you one update in six months. What happened to the bag pictures six months ago?

You have stockholm syndrome and O' Neil is cumming on your chin and not calling you back.

>> No.50305361

>>50305277
They don't even "understand" their own mine after twelve years. Enjoy your grab samples.

https://bayhorsesilver.com/bayhorse-silver-makes-breakthrough-in-understanding-structural-control-of-mineralization-bayhorse-silver-mine-oregon-usa/

>> No.50305381

>>50302704

Best thing about these two is that they're still completely under the radar with retarded amount of potential.
What I like about Vulcan is them owning those 28.5M SALT shares. Even at current valuation the price of those shares alone is double of Vulcan's current MC and Salt is still piss cheap and that's not the only thing they got going on for themselves.
Vulcan also has some copper and gold mining going on.
It's hard to say which company has more potential upside, but both of them have an inevitable 10x in them, probably way more than that. I mean Salt's property is apparently valued at 70 bil at the moment and that valuation might go even higher and their MC is just a hair over 200 mil.
Whoever got into Salt in the cent range is making an absolute killing from it and will probably have the largest gains in this cycle once they're bought out for however many billions.

>> No.50305571

>>50305381
Excellent points anon, and it's also big that Vulcan will be getting a big chunk of the Atlas spinout Triple Point Resources which could also be YUGE

https://atlassalt.com/atlas-salt-prepares-for-planned-spin-out-of-triple-point-resources-ltd/

>> No.50306011

https://www.youtube.com/watch?v=TCz7zSB0Z0c&ab_channel=GarySavage

"Any day now"- Gary Savage

>> No.50306034
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50306034

>Europe rug pulls their currency.
>The dollar is soooo strong guys!!!!!!
I'm so done with normies. Wait till the CPI drops and it's still at 10 percent for the year.

>> No.50306196
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50306196

>>50296602
Yes. Freedom is good. It's not a boomer mentality tho. Boomers want security, protection, safety. Cradle to grave hand holding. Truly the world's entitlement class of feckless golem
>winning investment
Tools. Quality tools.
Know how. Proper training.

Investing in yourself can never go wrong. I'm a FFL, a gunsmith, ammo reloader, tech diver, cave diver, scuba instructor, firearms instructor, first aid instructor, search and rescue instructor, hunting and fishing guide, welder, fabricator, carpenter, and semi amatuer shit talker. I've only invested in myself and I experience massive gains even on red days
Mistake have taught me moar than any other experience as I rarely learn from success (since it's usually repeating a successful method over and over)
I'm not bitter about you being the pinnacle of booming, as I expect this attitude from every entitled boomer. Until the music stops playing you'll be ok
Love you Bob never change

>> No.50307396

>>50305381
:)

i was shilling SALT back in November and it was considered a "good alt jr miner".

Not that I had purchased an insane amount of shares cause im not a rich guy yet, but I had like 2k shares at the time around $1.10/share. I am now still in SALT, but im looking at companies like Odd Burger (Very long), and prospera (easy 2.2X by this time next year). Banyan Gold Corp And Victoria are also excellent companies with firesale MCs. I think there is potential all around.

>> No.50307470

>>50305571
Thats awesome. Although I dont imagine that the shares for their spinoff will maintain .30 cents for very long when they drop. good chance to make a quick buck though.

>> No.50307511

>>50307396

Thanks for suggestions, those all look pretty good.
Odd burger especially, it seems like something that might be getting quite a bit of investment long term.
Here's couple of mine for return, check out Vital Energy and Bri-chem corp.

>> No.50307811

>>50307511
Bri-Chem seems interesting! I am always bullish on companies that restructure debt to become compliant. very, very good sign.

Vital energy is one ive heard of and it seems like its priced appropriately. 630 BOE is good for their MC and I see they are trying to become compliant? contrary what people believe, postponing is fine, and I also see they expect to have it filed by the end of this week so that is solid. I will likely buy in! thanks!

>> No.50308025

Thoughts on Equinox Gold and Fortuna Silver? Have been going down in price significantly, but there seems to be a lot of value there medium term.

>> No.50308135

>>50308025
>Equinox Gold
At $1.25B for what is supposed to become a 1Moz+ producer you are starting to get pretty good leverage here, but they do have high costs and their Mexican mine has serious issues with the locals. I also wouldn't give too much value to their Californian project that's menat to scale to 200koz because who knows if they get that permit. Their Canadian project looks great though.
Another thing is that mgmt is young and I think unproven, something I don't like very much.

>> No.50308401
File: 194 KB, 1103x768, 1653682153684.png [View same] [iqdb] [saucenao] [google]
50308401

>>50293103
Not at all, I already have 20k shares, I gave GO a chance, I don't accept the silent treatment. I will still hold my shares until it either moon or go bankrupt, that was my commitment to based small caps anon. But averaging down isn't an option, better things to buy like Irving.

>>50302712
Would love to participate in that squeeze but poorfag don't choose, Silver it is.

>>50304945
based... I'm glad I slurped last week at 0.95CAD...

>> No.50308934

>>50308025
Fortuna has one mine in peru and one in sierra leone, IIRC. At this point the risk is mostly priced in though.

>> No.50309579
File: 35 KB, 473x477, 1418635676595.jpg [View same] [iqdb] [saucenao] [google]
50309579

https://twitter.com/JavierBlas/status/1546893071115325440
>Interesting oil market: paper vs physical.

>ICE Brent futures nosedive below $100 a barrel.

>And at the very same time, a physical oil trader bid this afternoon +$5.85 over Dated Brent for Forties crude (the strongest premia in at least 14 years). It found no sellers!!!

>> No.50309711

Anyone else here still bagholding oil and gas co's?

>> No.50310061

>>50309711
naw. im bagholding jr miners.

>> No.50310164
File: 267 KB, 775x685, 1655734742540.jpg [View same] [iqdb] [saucenao] [google]
50310164

I predict New Found Gold news tomorrow and a 20%+ pump

>> No.50310205

the junior mining sector will really show you how much of a bitch most retail traders / investors really are. it is THE sector of weak hands

>> No.50310355
File: 34 KB, 759x175, buy high sell low_THH.jpg [View same] [iqdb] [saucenao] [google]
50310355

>>50310205
They can't even beat an index, let alone be a contrarian. There is a reason why you can clean most ask with less than 10k$ on most company.

And that's exactly why I can see us easily doing 5 bagger towards the next top. People want to X their portfolio but can't handle being red first.

>> No.50310365
File: 670 KB, 1208x984, 1.png [View same] [iqdb] [saucenao] [google]
50310365

So I've been accumulating physical metals for some time now and finally hit my target allocation in weight so now am starting to buy miners and DCAing into defensive divi stocks as well, so far I got some RIO and a natural resources index fund. But today someone suggested getting some royalty gold companies and think I just got suckered into buying a meme gold royalty company buying GROY not going to buy any more of it or sell it, just forget about it.. Out of ten 1 being retarded and 10 being great how would you rate this royalty company for mid-long-term hold. Will get some others next APF possibly, any good ones with no exposure to Canada I don't like the idea of mining companies being based in Canada because of their potentially communist future, also another question: say I bought a miner based in Canada and Trudeau s government/Quebec manages to nationalize the mines how fucked are the share holders?

>> No.50311160

>>50309711
I told you all two weeks ago it was going to dump and I've been providing daily updates and charts. Not saying I'm always right or I'm God but I've still been providing the information. No reason you should have been caught off guard. Around this time though you're looking st buying not selling. Just waiting for opportunities.

>> No.50311181

>>50310365
Miners / Explorers are based out of Canada because the government and market is very open to them. Its often been said in the mining sector that Canada is just a bunch of mining / oil and gas companies pretending to be a country. The resource sector is so heavily involved with our economy that any idea of nationalization gets you thrown out of politics here. What I would be more worried about is provinces giving into activists from FNs for example, "returning" land to different groups as part of reconciliation.

>> No.50311230

>>50310365
If that's gold royalty Corp that dude just did an interview and they have massive profits coming their way. I was looking into buying it. Their Financials were retarded and in a good way. Like 10x value.

>> No.50311343
File: 198 KB, 311x278, 1555036031491.png [View same] [iqdb] [saucenao] [google]
50311343

Just about tripled my Azincourt holdings. If I was willing to buy them at +50 mil MC I sure as hell should like them at 11 mil.
The assays can't really be delayed forever and the price is in the absolute shitter. Only marginally above their absolute lows.
They're having a webinar tomorrow so maybe we'll get some updates about where their labs are going.
All things considered their location is great and everything looks good with the drill holes, only thing we need is those damn results and they can finally start moving again.

>> No.50311381

>>50311343
Nice. Best of luck to you.

>> No.50311471

>>50306196
>Investing in yourself can never go wrong
true facts

hope you didn't get v& for that post earlier today. Made me smile.

>> No.50311485

the gold chart looks like shit. silver is even worse. even my LCS premiums are coming down drastically. bought a kilo today for 710. i think we might be in for a lot more assfucking lads.

>> No.50311586 [DELETED] 

>>50311485
Nah /ourguy/ Savage says we're hitting a bottom atm and I believe him.

>> No.50311595

>>50311485
Oil is more important right now imo, I will buy gold or miners when the ratio lowers and gold gets cheaper

>> No.50311863

Any new news on bayhorse? Besides it dipping and GO being a lazy cunt and refusing to speak to anyone

>> No.50312002

>>50308401
Based i solute you.

>> No.50312298

>>50311181
interesting, probably no reason to worry then, I think it was that picture of Soros and Trudeau when Canada sold most of its gold reserves that raises a yellow flag for me as to how they would make up for the depleted reserves (just an uninformed wild theory on my part but who knows what crazy is round the corner these days)
>>50311230
that was the maneco64 one, seems he's been doing a few interviews to raise awareness, seems sketchy somehow lol but worth the risk maybe so took a punt on it.

>> No.50312854
File: 1.28 MB, 1439x1076, 1392917627136.png [View same] [iqdb] [saucenao] [google]
50312854

https://twitter.com/CramerTracker/status/1546543175422148609
>Jim: “I think we’re near a bottom”

HERE WE GOOOOOOO

>> No.50312969

>>50309711
Yep, at least I was already 50% cash, but I bought back early. Holding bags for now

>> No.50312974

>>50312854
Do the boomers even trust this guy anymore?

>> No.50313203
File: 145 KB, 720x480, 1450816759420.jpg [View same] [iqdb] [saucenao] [google]
50313203

https://www.youtube.com/watch?v=R1T8sslGLVI

Any detective able to find which company he is talking about in the second half of this video ?

>> No.50313439

Is Ascot in slurp territory? They've dumped to nothing

>> No.50313469

>down 25 to 45 percent on all my holdings
is there any hope for us uranium chads?

>> No.50313478

>>50311485
>the gold chart looks like shit. silver is even worse. even my LCS premiums are coming down drastically. bought a kilo today for 710. i think we might be in for a lot more assfucking lads.

if there's one thing i've learned from the gold trade, its that those schizos will be the first to know when the Fed will have to revert to money printing. Gold was skyrocketing ahead of Covid and skyrocketed even more because the gold market knew the Fed and central banks around the world would have to flush the system with massive cash. yes there was fear of pandemic adding to the premium, but i think alot of it was money printing

>> No.50314183

>>50313203
Detective reporting for duty. It's Sirios Resources. It seems like a super cheap company 2Moz for US$10M mkt cap and I remember they compare the project to Victoria gold's in their presentation. But I generally don't like investing in these early stage / exploration companies because there's probably a reason why it's so cheap, there's probably a catch somewhere.

>> No.50314243

>>50314183
Also he mentioned early on that the 2Moz in inferred have been proved to be worth mining, what a scammy thing to say, I'm sure this guy knows that's not the case. Not even M+I resources are proven to be economic, you also need a PFS or FS to convert M+I resources to proven and probable reserves.

>> No.50314357

>>50313439
yea their way down because they did a bunch of private placements that pissed off investors, but their mill construction work / Portal at Big Missouri is going well and seems to be on schedule. They had some very promising core as well recently. I am hoping they dont dilute again but who knows, investment isnt thrilled with them. Sprott especially wanted more in depth work done on their reported reserves before he sunk anymore money in.

>> No.50314410
File: 147 KB, 819x951, 1631047642488.jpg [View same] [iqdb] [saucenao] [google]
50314410

Blue lagoon bros

>> No.50314472

Has blue lagoon diluted in the past few years? How would I find this information?

>> No.50315078

>>50314410
>>50314472
check their news page, i dont recall them needing to do any major dilution recently but my memory could be wrong.

>> No.50315093
File: 631 KB, 2805x1359, 1hbr2p1-AAZ Email Screenshot.png [View same] [iqdb] [saucenao] [google]
50315093

>>50311343

And here's something about what's going on with Azincourt's lab results.
So basically it's just the labs missing some grunt workers which is causing massive delays.

>> No.50315095

>>50314472
Go through their news on their website or their sedar.

>> No.50315102

>>50314410
im getting so fucked blue lagoon bros. for the love of christ let them release some killer drill holes soon

>> No.50315217
File: 111 KB, 1000x1000, asset bubble.png [View same] [iqdb] [saucenao] [google]
50315217

>>50315102
So BLLG looks kind of like the asset bubble chart but in reverse

>> No.50315947

bump

>> No.50315987

>>50315217
So we’re not even at despair and I’m down 65%, they’re hitting 52wk lows with no production updates, permitting news, barely any assay result releases, skyrocketing fuel costs, gold price dropping precipitously, etc. This truly has been the worst sector to invest in and I’m just giving up on it for the time being

>> No.50316288

>>50315987
>This truly has been the worst sector to invest in
Don't give up hope, anon!
Not to defend BLLG (or BHS), but mining is very sensitive to economic conditions. Explorers and juniors are also very risky and can take years of holding before they become functional. Management matters. Even the absolute best miner can suddenly get punched in the dick and become unproductive for any number of unforeseen reasons.
I wouldn't necessarily buy more, but I wouldn't sell either. Chances are you've probably lost enough capital that there's no reason to eat a loss and move it somewhere else, unless you're active trading and swinging it.

>> No.50316700

Did Liberty Offensive kill himself yet?

>> No.50316718

Opinions on FCX and copper?

>> No.50317126

>>50316718
copper is getting hammered right now due to the inbound recession but its going to keep slowly climbing up in value due to the massive need in EV and electrical upgrades over the next ten years. Not sure on Freeport right now i ve not looked at them in ages.

>> No.50317209

>>50313469
Still up just a sliver
I want it to go red though so I can load up another tranche but PEN has been refusing to stay below 15 cents
If I don't get to add by the end of this week I'm reentering ATH with the cash I got

>> No.50317241
File: 81 KB, 1280x714, file.jpg [View same] [iqdb] [saucenao] [google]
50317241

Hello hello, can someone shed some light on perhaps why the AUD pairing has seen a significant volume increase on the forex market?

>> No.50317262
File: 273 KB, 1744x1206, euraud.png [View same] [iqdb] [saucenao] [google]
50317262

>>50317241
Could this be because markets are expecting a stronger AUD as commodity prices increase?

>> No.50317340
File: 333 KB, 1604x1008, file.png [View same] [iqdb] [saucenao] [google]
50317340

Or perhaps it's the opposite?

>> No.50317521

>>50310164
From your lips to gods ears.

Some LAB pumpage wouldn’t be bad either

>> No.50318081

My gold/silver miners are getting pretty close to pre-pandemic valuations, I'm getting pretty tempted to invest another $10k.

>> No.50318474

>>50318081
Gary savage is saying any day now.

>> No.50319018

>>50318474
Gary lost his mojo since last year. It was bound to happen but sucks for him.

>> No.50320290

>>50318474
Gary is 2 more weeks, trust the plan kind of guy.

>> No.50320332
File: 101 KB, 606x1008, sentiment.jpg [View same] [iqdb] [saucenao] [google]
50320332

>>50314183
>>50314243
based, thanks, was just wondering if it was really that good or bait.

>>50314357
>but their mill construction work
ohh, I stopped giving a shit about their news ever since CEO said he just wanted to sell. Will have to check again if production is on the table !

>>50315102
>>50314410
Its not just BLLG, there is a fucking sea of red. Sometimes, I'm sad I didn't discover mining company a bit later but oh well, I'm sure we'll still 10x from the level we bought. Its a global fiat collapse, no way we only 5x.

>>50315987
>This truly has been the worst sector to invest in and I’m just giving up on it for the time being
ngmi, picrel is you. You are supposed to ignore short term volatility when investing long term.

I'm not decided yet if I get more IRV (currently 5k shares) next paycheck early august or get a new explorer position. I only have one explorer, not enough. I'll probably buy either Finlay Mineral or Golden Sky Mineral...

>> No.50320353

>>50286566
y she sell SIVR and GOAU

>> No.50320500
File: 72 KB, 590x737, sentiment2.jpg [View same] [iqdb] [saucenao] [google]
50320500

>>50320332
>this motherfucker sold the (almost) bottom
I hope he miss the ride, I hate this guy with a passion. Also, another indicator when most of these shills let go

>> No.50320591

>>50320332
Picrel and this post >>50320500
sound exactly like crypto dudes.

>> No.50320716
File: 101 KB, 599x1048, sentiment3.jpg [View same] [iqdb] [saucenao] [google]
50320716

>>50320591
I pay tons of attention to what people think of PM, never seen such bad sentiment. It just prove to me we are closer to a bottom than a top. Sad I don't have tons of cash to profit from these cheap price but that's life, no one can time this shit.

Also, I believe the difference between buying at 100MC or 50MC won't be that huge considering we'll make it rich no matter what. Gold sector is pathetic, isn't even close to 2 trillion compared to other investment product.

>> No.50320742

>>50319018
No he hasnt. He called a fifty dollar move in gold literally the day before about three months ago and he called this oil dump the week before it happened.

>> No.50320761

>>50320716
Gary savage is saying any day now.

>> No.50320846

>>50320761
Yes I know, I watch every video I can find honestly. Also, he said we will only pump to 2k before going down again so yeah, not the upleg most think will happen. Hope he is wrong and we push to 2k5 so I can unload some bags and open more position on the correction.

>> No.50321009

>>50303444
Yea anon that shit got me horny kek,
Using th web3 payment technology is always a relief, and now the Buy with Card option has been activated, it just got better as it token is set to light off soon and I'm hopeful to see it happen in the nearest future.>>50303277

>> No.50321025

>>50320761
Who the fuck is that he needs some sense anon

>> No.50321209

>>50304934
You go get ur fucking ass some juicy project,pussy don't make you rich Dickhead, as you can now buy Tesla cars and pay with crypto through payment processors like BinancePay, MoonPay, Utrust, and other assholes out there.

>> No.50323167

>>50320761
Two more CPI reads

>> No.50323506
File: 47 KB, 696x1024, 1638481432675.jpg [View same] [iqdb] [saucenao] [google]
50323506

>Independent economists estimate that annual headline inflation will increase to 8.8% for June — up from 8.6% in May — when the Bureau of Labor Statistics releases its CPI report on Wednesday at 8:30 a.m. ET

Any guesses?
Feels like gold can't really win right now, so I'm still in cash. A high reading will crash all assets including gold because rate hike expectations will soar. A low reading will just reinforce the peak inflation narrative so gold is not needed. I think the time to buy is soon though, but stock market still hasn't capitulated, 3800 is way too high.

>> No.50324089

>>50315987
>we’re not even at despair
>This truly has been the worst sector to invest in and I’m just giving up
Sounds like despair to me lol

>> No.50324278
File: 432 KB, 1000x750, Polish_20211207_195609230.jpg [View same] [iqdb] [saucenao] [google]
50324278

>2 more weeks till Rana delivers those assays!!!!
How do the poo bros cope with this?

>> No.50324514
File: 1000 KB, 1440x2107, Screenshot_20220713-061929_Reddit.jpg [View same] [iqdb] [saucenao] [google]
50324514

Is anyone talking about the comex getting drained. We a literally months away from shit going down.

>> No.50324695

>>50320846
Gareth solway is saying 2300 and gold will be the best asset of the year. Has said that since January.

>> No.50324728

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3073-tsx-venture/sbmi/124768-silver-bullet-mines-corp-produces-silver.html

Bayhorse type company produces first silver. Haven't looked into the company but may be a better alternative for the silver bugs, at least they are producing lol.

>> No.50324734

>>50321009
>>50321209
Imagine the Indian that wrote this.

>> No.50324768

>>50324089
This is the most bearish I have ever seen the metals sector.

>> No.50324832

>>50323506
Aaaand we're crashing.
CPI MoM 1.3%, Exp. 1.1%
CPI YoY 9.1%, Exp. 8.8%

CPI Core MoM 0.7%, Exp. 0.5%
CPI Core YoY 5.9%, Exp. 5.7%

>> No.50324941
File: 134 KB, 1412x824, Au.jpg [View same] [iqdb] [saucenao] [google]
50324941

>>50324832

>> No.50324952

>>50324768
I know right, it's great. I'm team Savage and think we're at the bottom.

>> No.50324983

>>50324952
Near bottom I should say at least lol

>> No.50325155
File: 130 KB, 1402x816, rigged.jpg [View same] [iqdb] [saucenao] [google]
50325155

we better slingshot up soon

>> No.50325377
File: 379 KB, 1440x1257, Screenshot_20220713-065003_Twitter.jpg [View same] [iqdb] [saucenao] [google]
50325377

>>50325155
Wtf how are they rugging this. Cpi is high as fuck.

>> No.50325445

>>50320500
a lot of these guys are massively overleveraged. they came from spaces like real-estate where its normal to be 100% -400% leveraged in order to acquire properties. for them its a no brainer to turn a 19k down payment into a 400k property and walk away with 150k in equity 2 years later. They only moved into PM miners because they are addicted to large multiples in a bull market. either that or they were spoiled with crypto and saved nothing.

The fucking moment the bank comes calling they have to sell everything to stay solvent.

>> No.50325494

>>50325377
I still think we go green today for both silver & gold, but this is a big ass paper dump by the riggers considering how low PMs already are

>> No.50325598

>>50324983
was gonna say. its possible depending on the charts you read to estimate a $1460 bottom for gold and a $17 bottom for silver.

I would either continue to buy names like SALT (top asset of this cycle), or small cap oil and gas (because they have already bottomed) until things wash out.

I mentioned in this thread to also LONG some stocks with potential in biomedical, Oil and Gas, and commercial real-estate. Holding cash is also very big brain right now.

>> No.50325973

>>50325598
>I would either continue to buy names like SALT
God I have wanted to for weeks but those green candles just stop me in my tracks. I wouldn't even be surprised if it never pulls back but I'd rather keep buying Oil and Gas

>> No.50326122
File: 73 KB, 1077x701, cpi_pedo.jpg [View same] [iqdb] [saucenao] [google]
50326122

Bros...

>> No.50326166
File: 70 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google]
50326166

>crypto

>> No.50326431

>>50288497
Are you bullish salt or just these individual salt companies? I don't know much about it, but wouldn't the expected growth in seawater desalination plants be bearish?

>> No.50326449

> Post-CPI futures point to 42% likelihood of full-point Fed rate hike this month
damn. Don't think they will go above 75 though, economy is clearly slowing down quickly.

>> No.50326534

>>50309711
I own PBR and YPF, got rid of the rest earlier thankfully. More into coal, thermal

>> No.50326650

>>50326431
This is the only salt company.

>> No.50326735

>>50316718
Copper probably suffering from the bullwhip effect, but just like shortages turn into surpluses, surpluses turn into shortages. We are now in surpluses of inventories, in a secular bull, which is when you'd normally buy, but Europe and anyone using energy is so fucked a recession is inevidable

>> No.50326836

>>50317262
Probably the opposite. Last time there was as much volume, iron was crashing. But FX has been turbo volatile this year

>> No.50327050
File: 687 KB, 1440x2260, Screenshot_20220713-075723_Brave.jpg [View same] [iqdb] [saucenao] [google]
50327050

We back boys. They can't smack the price down anymore. It's over for them.

>> No.50327340

*BANK OF CANADA HIKES POLICY INTEREST RATE BY 100 BPS TO 2.5%

*BOC OPTS TO 'FRONT-LOAD THE PATH' & SAYS MORE HIKES ARE NEEDED

>> No.50327454

Azincourt finally got their assays back. I don't know anything about uranium grading but it's not looking too hot based off the stock action. RIP to everyone that was holding pre-split.

>> No.50327900
File: 135 KB, 1400x824, Au2.jpg [View same] [iqdb] [saucenao] [google]
50327900

>>50327050
noice, keep going plz

>> No.50328278

>>50323506
I feel like this is very close to the short term bottom, at least for miners. Some of these companies, take kinross for example, are trading way below their book value. Beyond that, the price to revenue, operating cash flow, etc, is getting to absurd levels. It's crazy that a cashflowing company with very little debt can go so low.

>> No.50328320

>>50327454

Actually it's not a bad update. Could have been better of course but not bad at all.
They're getting signs that they're closing in on Uranium, which confirms they actually have it.

>“The analysis from drill core is encouraging,” said VP, Exploration, Trevor Perkins.
>“The uranium enrichment within the alteration zones is a sign that uranium bearing fluids were present within the alteration system.
>We have the alteration system, and uranium moving around within it.
>The next step is identifying the areas of concentration within the system where significant uranium is dropping out,” continued Mr. Perkins.
>The alteration zones are considerable in both size and scope.
>The results now confirm uranium is present within these alteration zones, which is a significant and critical step in the exploration process.

Sure we all expected them to come out and say "We struck gigatons of Uranium" but this at least shows they have uranium confirmed on their property. Now they just have to figure out where the stuff is.
Also they're starting first drill programs in their Hatchet Lake property.

In short nothing groundbreaking, but results look good. At least they didn't come back in empty.
I guess we'll be looking at a year of more bagholding before we get anything tangible, but the company is fully funded and ramps up their drilling programs so no problems there.
Personally I'll probably keep on loading up on them every now and then if the price stays down or gets fucked even further, because they now only need to identify where exactly the Uranium is and it's go time.

>> No.50328459
File: 695 KB, 1440x2300, Screenshot_20220713-085416_Brave.jpg [View same] [iqdb] [saucenao] [google]
50328459

WE FUCKING MOON GOLD BROS

>> No.50328551

>>50328459
>down $15
>it's over gold is dead
>up $15
>aaaah we're mooning
goldbros get a grip

>> No.50328557

Love it bros. I love it. Going to get a house in the Japanese country side when matic hits 5$ and live like a king.

>> No.50328642

Oil almost hit 91 today. Could be time we bounce back

>> No.50328854
File: 629 KB, 1440x2199, Screenshot_20220713-090848_Brave.jpg [View same] [iqdb] [saucenao] [google]
50328854

Silver bros...
DON'T GET TOO COCKY THIS TIME.

>> No.50329050
File: 624 KB, 672x720, 佐野ひなこ-くびれの女_.webm [View same] [iqdb] [saucenao] [google]
50329050

>>50328854
would a +4% day be asking too much?

>> No.50329380
File: 37 KB, 702x221, 20220713_093124.jpg [View same] [iqdb] [saucenao] [google]
50329380

Bank of America GDP growhlth forecast.

>> No.50329637

>>50324514
That’s what it seems like. Check out platinum too. Honestly I think most people on pmg and WSS don’t really know what’s going on.

>> No.50329705
File: 188 KB, 1125x1390, 20220702_210752.jpg [View same] [iqdb] [saucenao] [google]
50329705

New hedgeless horseman copium for you.
https://youtu.be/bQ45DuedhUE

>> No.50330694

Is buying GDXJ a bad idea? No bully please, I'm kind of new to all of this :((

>> No.50330820

>>50330694
I'm long GDXJ. But only a small position. To me it's like Insurance to catch a huge gold/silver run if one occurs.

>> No.50330837

>>50329637
Can you explain the ramifications of this? Thanks in advance.

>> No.50330855

redpill me on søy

>> No.50330892
File: 163 KB, 1560x1076, søy.png [View same] [iqdb] [saucenao] [google]
50330892

>>50330855

>> No.50330985

>>50330694
I sell weekly puts on it

>> No.50332282

>>50324514
Can I get a QRD?

>> No.50332341

>>50330837
This is more of a theory of what should happen rather than what will happen. Although they can’t do it forever never underestimate the elites ability to kick the can the down the road.
As you know the silver markets price is based heavily on its derivatives which are heavily manipulated. The most well known derivatives are SLV and silver futures on comex. The derivatives also imply there is more silver on the market than is available.
If comex is drained, which is the silver squeeze goal, it will basically kick out a leg of the market that is, in theory, holding the price down. (They have to go through registered and eligible in order to do this. Who knows how many oz there actually exist.) Then the price should rally to a more “real” price and call into question the entire paper silver market.
Recently we’ve seen massive amounts of silver leaving the comex (platinum too).
We’ll see what happens but keep an eye on the amount in comex rather than the paper price.

>> No.50332389

>>50332282
See
>>50332341

>> No.50333307

>>50281744
>entire sector 10x
as in gold or all commodities?

>> No.50333448

>>50320290
this entire fucking general is two more weeks trust the plan. except it's been two years now.

>> No.50333567

>>50333448
you're not wrong but let the current shitstorm play out, anon.
commodities always beat the money printer eventually. some of us just bought in way too fucking early and the rate hikes were always going to affect the entire market negatively. at some point there is going to be a decoupling. if you're already underwater just wait it out.
and don't forget how central banks are buying gold rn.

they can't print energy, they can't print commodities. sooner or later this reality always sets in.

>> No.50333713

>>50281715
what's the point of listening to this halfwit ramble for an hour without saying a single thing that even the lowest IQ tard here doesn't already know?

>> No.50333897

Busy this afternoon but have a laugh with me, the roadheader from the last project i was on up for sale! Quite a bargain! This thing was 1.2 million when I was working around it!
https://www.savonaequipment.com/en/sandvik-ahm105-voest-alpine-roadheader-p1205479

>> No.50333920
File: 39 KB, 500x424, hotrocks.jpg [View same] [iqdb] [saucenao] [google]
50333920

hello fellow irradiated ghouls, glowing rocks retard here. i was balls deep on paladin last year but this year, and only finally now, i've converted my religion to deep motherfucking yellow. 5000 shares @ 0.45USD
they are just about to close on a merger with vimy that creates significant value, borshoff has delivered on every single promise from the past 3 years, and the setup is absolutely choice here. for maximum safety, you would want to wait until the post-july announcement of the outcome of the merger before taking any action (so i'm giving you TWO MORE WEEKS to finish diligence by calling it to your attention now)
>>50313469
yes
>>50317209
i have no response to this i am just touching your dick and honoring your presence
>>50327454
nah, stay away
>>50328320
athabasca is overrated and the canadian government is shit, please do not do anything but speculate wildly. klenman does nothing but start companies, sit on boards, and hold miniscule equity positions like lottery tickets. azincourt has garbage KPIs on its canadian properties and the other one is in peru so just completely discount that. it's a no from me, boss.

>> No.50334060

Can someone explain to me how the NASDAQ is green exactly? This is the fakest shit I've ever seen and I've had two short setups blow up in the past two weeks over this fake shit.

>> No.50334099

>>50333567
This. We were early and underestimated normie stupidity.

Normie zombies haven't had to worry about supply scarcity for fourty years.

>> No.50334198

>>50334060
Market is still in denial about the severity of the incoming recession. Expectation is that we will have a small recession and then the fed will just ease early next year and we will be back to normal with inflation reverting to 2% in spite of the fed easing.
Earnings expectations haven't even come down much yet it's pretty stupid. That should happen soon and then we will probably see another leg down.

>> No.50334568

>>50334198
I'm getting tired of waiting, got thousands sitting in my account ready for the real bargains to arrive.

>> No.50334586

>>50334099
>Normie zombies haven't had to worry about supply scarcity for fourty years.
If you ever try to talk to most of them about it at best you get a "wow that sucks" as an acknowledgement then and immediate digression to something else that's more fun to think about.

The overwhelming majority of people around us have never experienced hardship and can't even comprehend it. They assume we're living in a time above it all just because it's present day.

>> No.50334611

>>50334568
Yeah me too, the market recovering after the initial plunge was very dissapointing. Market is complacent as hell. Still stocks like Tesla trading at insane valuations.

>> No.50335355
File: 274 KB, 463x426, 1647552458488.gif [View same] [iqdb] [saucenao] [google]
50335355

https://twitter.com/SStapczynski/status/1547254794032914432
>Russia hints that it won’t fully resume a key natural gas pipeline to Europe

>Gazprom says it doesn’t have documents to move a sanctioned gas turbine from Canada after maintenance
>Russia had said it was forced to cut Nord Stream flows in June since the part was missing

>> No.50335465

>>50334099
>underestimated normie stupidity
Not only that, we underestimated the stupidity of the so-called experts, like Jerome Powell, Jamie Dimon, etc. The people running central banks, normal banks and hedge funds are complete fucking retards, we've had adequate information to that effect since Jan 2020.
But in a way, like those old sayings, these people are a reflection of the majority. The people get the leaders they deserve.

>> No.50335588

>>50334611
At least we sold off half a percent before close. I would like to see at least 3400 on the S&P before buying, there's no way we don't get there.

>> No.50336426
File: 57 KB, 1280x720, E-8Rk83XMAEAA-3.jpg [View same] [iqdb] [saucenao] [google]
50336426

https://www.myrmikan.com/pub/Myrmikan_Research_2022_07_13.pdf
>We are now seeing the familiar pattern playing out again: costs are increasing,
operating margins are tightening, gold and the miners are being sold off as the world
heads into the next liquidity crunch. We know what comes next. The Fed must print, and
gold and gold miners will respond first and fastest.

>The next innovation will be
to buy stocks, as Janet Yellen has proposed and as the Bank of Japan does already.

>When the world losses confidence in the Western banking system, perhaps as soon
as this winter when Europe will face economic and political collapse because of the
conflict with Russia, the Fed will be forced to print more and faster, and there will be runs
on central banks. There are no liquid assets on these balance sheets that can be sold to
support the currency.

>Gold will trade at a price that balances central bank balance sheets. In order for gold
to back the Fed’s liabilities by a modest one third, it would currently require a price above
$11,000/oz. Since markets always overshoot, $17,000, or half-backing, is a more reasonable
target (the peak price in 1980 resulted in an absurd 133% backing, which today would
translate to $45,000/oz). This assumes no growth in the Fed’s balance sheet.

>> No.50336452

>>50333920
good info. thanks!

>> No.50336759

>>50330694
>Is buying GDXJ a bad idea? No bully please, I'm kind of new to all of this :((

its not a bad idea if you buy it at the right time. the chart on GDXJ looks really bad, i wouldn't buy it right now unless you think gold is magically going to go up for some reason

>> No.50336813

>>50336759
>buy high sell low

>> No.50336874

>>50336759
>bro the chart shape is fucked!!!!!!
Fuck off with the technicals

>> No.50336890

>>50334611
>forward PE: 44
It's relatively normal now. But whipsaw effect of declining sales after investors expect another 2x in earnings will probably force it lower soon enough.

>> No.50336891

>>50336426
Fuck what about silver. Did I fuck up by buying too much silver

>> No.50337034
File: 619 KB, 1812x1652, Screen Shot 2022-07-13 at 5.17.27 PM.png [View same] [iqdb] [saucenao] [google]
50337034

>>50336874
>>50336813

>Fuck off with the technicals
yes because we should invest / trade based solely off of narratives and never think about price, volume, and volatility
it is actually oversold on the RSI right now so i would expect a bounce in the short term but the longer term trend is clearly down and has been for 2 fucking years

fucking clowns

>> No.50337054

>>50337034
Scared?

>> No.50337201

>>50337054
i have physical gold and silver positions, so no i'm not really scared of whatever GDXJ is going to do. go ahead and buy it, i dont care. i'm just saying i dont believe there is a fundamental reason for the gold price to go higher right now

what makes you think the spot gold, priced in USD, will go higher from here?

>> No.50337217

>>50336890
Forward PE of 44 is not normal. Of course you can justify it if expect them to keep growing super fast with high margins, but the cycle is at its absolute peak right now and Tesla still has little competition, soon a tsunami of competition is coming to the market. They are not getting the E from that forward P/E calculation, not even close. They will be lucky to keep earning the $5B they did last year and their mkt cap is $725B.

>> No.50337360
File: 121 KB, 1051x604, ngmidumbretard.jpg [View same] [iqdb] [saucenao] [google]
50337360

>>50337034
>either invest in narrative or meme lines
Anon, I...

>> No.50337384

>>50337360
Based and value pilled

>> No.50337527

Stfu you fucktards, there is a simple reason the price of gold goes up, it's called "people want it".

>> No.50337871

>>50337360
>>50337384
and how much gold does Warren Buffet own? zero. you just checkmated yourself, fucking clown

>> No.50338468
File: 799 KB, 1236x1188, Screen Shot 2022-07-13 at 6.41.01 PM.png [View same] [iqdb] [saucenao] [google]
50338468

Firefox hitting gold in Finland

>> No.50338616

Rick Rule making the rounds on Youtube again. I guess that means his bags are packed and he's ready to get you to pump them... again

>> No.50338632

>>50328278
Missed this post earlier. I do agree that kinross for example is very undervalued, but that's also because I'm bullish on gold price. I believe the market thinks that gold will trend down slightly even in nominal terms over the coming years. Under that assumptions a lot of these miners were very highly valued because you have to keep in mind that they are depleting resources and there are also closing costs and of course all sorts of risks. Miners should trade at much lower multiples than normal companies.
But yeah if gold beats inflation this decade some of these companies should do really well from here.

>> No.50338734
File: 95 KB, 997x529, rr.jpg [View same] [iqdb] [saucenao] [google]
50338734

>>50338616
I did his rankings last year, now he keeps spamming me about his upcoming $699 symposium in Boca Raton. I get the feeling it's not selling well now that he's trying to lure people with a sweepstakes

>> No.50338781
File: 615 KB, 1351x1615, 1574995101488.jpg [View same] [iqdb] [saucenao] [google]
50338781

wagmi

https://nypost.com/2022/07/13/jpmorgan-gold-traders-used-spoof-deals-to-cheat-ex-employee/

>> No.50339163

>>50338734
i just found it - his interview with Wealthion he admits he is "deploying capital"
he is absolutely making the rounds to pump his bags and sell into retail again

>> No.50339683

>>50337034
but of course those are almost all important.
narrative is first, because you have to understand the world you live in. the reality of the situation is the narrative. narrative is not an excuse for you to tell yourself a fantastic fictional story then buy based on hopes and dreams, it's how you raise questions of the form "do i actually know that?" and "is that actually going to happen?" so that you can look into HOW something will become true, not just a weak "why."
price is the last thing to check. you can do all the real work and never look at a chart, and only look at a price once the real work is done, to see if you can get a good deal on what you know is worth getting.
volume is unimportant in a direct sense, but liquidity is important, and that's kind of the same thing. you should prefer liquidity, but you don't need it as a prerequisite until you're buying in $10M or $100M lots. none of us are doing that.
volatility is a trap. what you need to do is study RISK and that is part of narrative. volatility is a bad measure of risks and it's almost a total counter-signal in some cases.
this is all well and true and what your retarded fucking problem is that you think TA has anything to do with it. charts and "indicators" are meaningless.

>> No.50339954

>>50337871
>Value investing means coming to the same conclusion as other value investors

>> No.50340006

>>50333567
>>50334099
there is no way in hell BRICS do not launch a new currency basket and underweight the US in it. it is only a matter of time. they talk about it every single year, sometimes twice a year. right now the worst possible accelerant would be conflict involving iran, even if by proxy. i thought any conflict would set it off, but clearly that was incorrect: ukraine is not important enough. taiwan is probably not important enough either, although i'd like to think china invading taiwan supports this thesis, i have to accept that it probably would inhibit a new currency regime, not spur one on.
still, even if it takes BRICS and the west decades to resolve this problem, even if they resolve it with a currency regime that still continues gold price suppression with paper derivatives, merely arguing over it will create sustained international currency volatility.
that directly translates to fear, and that directly translates to wealthy people grabbing their gold parachutes first.

>> No.50340550

DXY heading back to highs. Fed might hike by a 100 basis points. Gold chart looks like shit. Fucking dollar fags are winning shiny rock bros.

>> No.50341040

Wrecking ball dollar.

>> No.50341145
File: 86 KB, 610x136, peter schiff podcast.png [View same] [iqdb] [saucenao] [google]
50341145

>>50339954
warren buffet was a bad choice to support your side of the argument of buying GDXJ

value investing is fine, but GDXJ is not a value investment. GDXJ is an ETF comprised of gold / silver miners. mining is a cyclical business based on a commodity - it is not really a secular value play because the truth is that people need Coca Cola (buffet owns) more than they need gold. Coca Cola to the average person is a necessity; gold is a luxury - its not needed in average every day life
>inb4 the fucking gold bugs start kvetching about muh hard money

is that fucked up? yes it is, but this is clown world and your idea of "value" needs to adjust to it or you will continue to lose money. you will be like peter schiff

>> No.50341532

>>50341145
When are you going to talk about valuation?

>> No.50341674

>>50341532
>When are you going to talk about valuation?
ok wise guy, whats the P/E ratio on GDXJ?

>> No.50342046
File: 98 KB, 642x357, vaughan.jpg [View same] [iqdb] [saucenao] [google]
50342046

>>50281635
@Vaughan quitting ceo.ca. The site has gone seriously down hill since GoldSpot bought it. @Tommy made out like a bandit.

>> No.50342586

>>50339683
It's 70% charts and 30% narrative. I've been providing oil charts for the last two weeks and I've been consistently right the whole time despite people telling me I was wrong.

>> No.50342634

>>50337034
>>50339683
Technicals are a tool and not using taking them into account if foolish and leaving large blind spots in your vision. For example if you didnt know technicals you'd be dumping gold right now and not realizing its at a technical bottom. You wouldn't have known two weeks ago to get out of oil because it was silver sold.

Technicals aren't the end all be all, but the only people who vehemently shit on them are people who have no idea how they work.

>> No.50342794

>>50342046
lots of people just shit talking on it atm. lots of dispair.

>> No.50343125

>>50339683
i could agree / disagree with all of that but it depends on whether you are a long term investor or a trader. as a trader - volume and volatility are important because you are trading trends. as a long-term investor - these are not as important and vola will actually work as your friend as you can buy more shares for cheaper when people get shaken out

>> No.50344455

quick bump https://www.mining.com/web/collapsing-metal-inventories-clash-with-plunging-prices-andy-home/

>> No.50346093
File: 39 KB, 500x375, 1409564963804.jpg [View same] [iqdb] [saucenao] [google]
50346093

https://twitter.com/oriental_ghost/status/1547460497955364865
>CN Mortgage default update: As of yet, Mortgage Default Wave has covered more than 100 large-scale housing projects, involving 18 provinces and cities. According to Tencent News, there is up to 59 large-scale housing projects unfinished only in Chengdu and not counted in it.
https://www.bloomberg.com/news/articles/2022-07-13/chinese-homebuyers-across-22-cities-refuse-to-pay-mortgages?srnd=premium-asia

>> No.50346112

>>50340006
The problem the brics have is mutual trust in each others currency, this is why I doubt it will be a currency basket. It makes a lot more sense for them to simply reestablish a gold/commodity-based trade order.
That itself will destroy paper manipulation within a week if they did go ahead with it. I believe the Russian economic adviser has spoken about doing exactly this.
https://www.bullionstar.com/blogs/ronan-manly/kremlin-confirms-intention-to-back-ruble-with-gold-and-commodities/
My guess is they (brics) are in talks about this right now.

>> No.50346403
File: 62 KB, 704x396, 1461870683051.jpg [View same] [iqdb] [saucenao] [google]
50346403

https://www.zerohedge.com/commodities/germany-halt-russian-coal-imports-next-month
>"We will be off Russian coal in a few weeks," Kukies said at the Sydney Energy Forum, which is taking place this week.
>40% of Germany coal is Russian
Never seen such dumbfuck holy shit

>> No.50346918

>>50346403
Germany is run by women in a literal sense. They deserve everything that's coming to them x 1000.

>> No.50347023

>>50346918
https://www.bloomberg.com/news/articles/2022-07-13/draghi-ally-to-boycott-key-vote-threatening-government-survival

Shit is happening everywhere kek

>> No.50347049
File: 19 KB, 553x369, BN-EJ835_Kuroda_G_20140904085925.jpg [View same] [iqdb] [saucenao] [google]
50347049

>>50347023
https://www.zerohedge.com/energy/india-rejects-us-eu-calls-boycott-russian-oil

>> No.50347125

check out Libero Copper. Ceo has bought almost 1 million shares last two months... Might be a steal at these prices or we might get JUSTD by the Colombians

>> No.50347669
File: 242 KB, 1284x1279, FXigNVjWAAIZwk3.jpg [View same] [iqdb] [saucenao] [google]
50347669

>>50346403
>>50346918
Germans are too busy jerking off to Green Politic(ian)s with muh nuclear plants evil. I just want to leave that retarded hole

>> No.50348593
File: 7 KB, 272x185, 1624536090724.jpg [View same] [iqdb] [saucenao] [google]
50348593

>>50347125
>Buying a copper company going into a long recession in a country that just elected a commie

>> No.50348696

>>50348593
the world population is growing, and people are going to need more copper and we are not building enough mines. The President is half commie not full and not stupid enough to kill all foreign investment if you ask me.
The CEO has enough confidence to put 300k more of this money last 2 months, you dont see that often if you ask me

>> No.50348719

>>50348593
so many of you faggots just like to criticize, instead of coming with actual investment ideas. instead you try to use 1 sentence refutals

>> No.50348921

>>50348719
I've written several times about being in cash and why.
>>50348696
I know that's a popular narrative but with growing supply from recycling I think there will easily be enough to go around if we really do hit a serious recession/depression.

>> No.50349367
File: 140 KB, 975x1024, 1591969857367.jpg [View same] [iqdb] [saucenao] [google]
50349367

Silver getting absolutely smashed. These already struggling silver companies are in for some choppy waters.

>> No.50349469

>>50349367
More cheap acquisitions for mid/large-caps then. See Hecla's buyout of Alexco a week ago - when the shareholders of the target are kvetching, you know it's good shit.

>> No.50349493

>>50349367
I wish I had 5-10k$ to splash on junior right now, so many bargains, who care if they will go down another 20%

>> No.50349575

>>50349493
>who care if they will go down another 20%

you are looking at alot more than -20%. you're looking at bankruptcy for alot of these juniors

>> No.50349677
File: 8 KB, 221x299, fred1.jpg [View same] [iqdb] [saucenao] [google]
50349677

>>50349575
Can only blame yourself for picking garbage then. I don't buy debt-ridden company. See the light, follow God's teaching and you will be rewarded brother.

>> No.50350021
File: 24 KB, 313x387, silverbros....jpg [View same] [iqdb] [saucenao] [google]
50350021

it's over

>> No.50350068
File: 286 KB, 970x624, 1519932812100.png [View same] [iqdb] [saucenao] [google]
50350068

Only a small percentage will go bankrupt, there weren't mass-casualties when silver went under $12 two years ago. I get my Yamana dividend tomorrow and just moved another 1k over, ready for slurping

>> No.50350161
File: 645 KB, 1284x952, 92089709-5104-43BF-ADC1-E964F86E0BAD.jpg [View same] [iqdb] [saucenao] [google]
50350161

It’s over shiny rock bros. We lost.

>> No.50350215
File: 631 KB, 1439x2252, Screenshot_20220714-071600_Brave.jpg [View same] [iqdb] [saucenao] [google]
50350215

It's over rock bros. We lost.

>> No.50350239
File: 605 KB, 1007x953, 1655130114688.png [View same] [iqdb] [saucenao] [google]
50350239

>>50350161
>>50350215
We fell for a 5000 year pump and dump, didn't we...

>> No.50350289
File: 707 KB, 594x988, 1654976512850.png [View same] [iqdb] [saucenao] [google]
50350289

>>50350215
>>50350021
I admit I never thought we would see those number in my lifetime. Never underestimate bankster and normalfag.

>>50350239
If they go down that much might as well reset the bull cycle. Hope it stay low another 2 months so I can buy more before winter is coming, I'm almost ready for the real bullmarket

>> No.50350330

>>50350215
>>50350021
Meanwhile
https://twitter.com/BernieSpofforth/status/1547468338422587393
>CANADA - Infiltrated by the WEF it’s had morphed those vaccine passports into digital ID from October 2022 starting with Air Canada.

>> No.50350448

>>50350021
>>50350161
>>50350215
>Peak inflation. Dollar milkshake. Recession and deflationary pressures will crash the world economy.
>PMs go down.

>Inflation is accelerating. We're going full Weimar.
>PMs go down

>> No.50350546
File: 283 KB, 1125x1737, FXnXM_kWYAEZXSm.jpg [View same] [iqdb] [saucenao] [google]
50350546

>>50350448

>> No.50350578

>>50350448
Market still think we're going back to normal. But also if you compare gold performance to stocks or bonds we're actually doing pretty well. Check the gold chart in any other currency than dollars.

>> No.50350899

1,6xx gold
17.xx silver
Dollar bros are laffin

>> No.50351321

>>50347125
We have looked at them in the past, their BC projects are pretty interesting to me but their very remote and seasonally difficult to work on. I havent looked at their Argentine or Columbian projects in a while but wasnt the columbian one bordering a national park?

>> No.50351328
File: 1.42 MB, 640x640, 1656954526000.webm [View same] [iqdb] [saucenao] [google]
50351328

What a bloodbath, GDX down 6.5%. Not much activity here today, did everyone rope?

>> No.50351440
File: 647 KB, 1440x2279, Screenshot_20220714-080719_Brave.jpg [View same] [iqdb] [saucenao] [google]
50351440

We are STILL getting rugged.
Silver bros, it's done.

>> No.50351672

silver is fucking dead

>> No.50351698
File: 231 KB, 566x731, 1640723360632.png [View same] [iqdb] [saucenao] [google]
50351698

>>50351440
Comexsisters... it's never going to empty, is it...

>> No.50351845
File: 147 KB, 1060x273, Portfolio.jpg [View same] [iqdb] [saucenao] [google]
50351845

>>50351328
Nope, just wondering which miner will drop the most and if I should add to my positions or open a new one. I will probably open a new one, I don't wanna add to Irving right now.

Golden Sky Mineral, Copaur, Trifecta, Scottie... dont know who yet.

>> No.50351856

>>50351698
Comexchads stay winning.
Physical trannies will seethe and dilate with their physical coin tubes.

>> No.50351943

commoditybros... just give it to me straight. are we destined to DCA all the way to zero?

>> No.50352108
File: 29 KB, 703x331, gv.jpg [View same] [iqdb] [saucenao] [google]
50352108

>>50351440
$18.70 IS THE BOTTOM
>GV 2 days ago

>> No.50352400

>>50351328
No, I closed out all my oil positions before July 4th.

>> No.50352970

>>50351943
>Imagine owning a bunch of phys #Gold #Silver and PM miners and you think YOU have problems...
>How about the other 98%....?

Never lose sight brothers, WAGMI.

>> No.50353095

>>50351943
are commodities still needed?
are there an infinite number of commodities that can be purchased with increasingly-diluted currency?

/cmmg/ needs to start getting on this article and posting it everywhere. imo this strongly ties in to the dollar milkshake narrrative.
>Peter Warburton: The debasement of world currency: It's inflation but not as we know it
https://gata.org/node/8303

>> No.50353150
File: 198 KB, 872x1020, 1642822589370.png [View same] [iqdb] [saucenao] [google]
50353150

>Mfw single uptick in my Vulcan and I'm in the green.

Thank you salt mines.
Keeping me afloat during this red tide.
I'm really starting to think that it might be a good idea to unload 100% of my portfolio into Atlas and Vulcan and ride them up while everything else takes a beating.

>> No.50353211

>>50353095
https://gata.org/print/8303

actually someone should put this in the OP from now on
I'm kind of a tourist here so I'm not the best person to do this

>> No.50354450 [DELETED] 
File: 144 KB, 857x392, vulcans.jpg [View same] [iqdb] [saucenao] [google]
50354450

>>50353150
Vulcan's can't stop winning

>> No.50354485

Can someone explain where we are in the grand scheme and what comes next? Is it still too soon to buy? Are we still going to win in the end,or has the course changed?

>> No.50354678
File: 144 KB, 857x392, vulcans.jpg [View same] [iqdb] [saucenao] [google]
50354678

>>50353150
Vulcans can't stop winning, possible 10x in 6 months

>> No.50354773

>>50354485
Fed capitulates before election. Oil moons sometime between now and 9/30 when SPR dumps end

>> No.50354801

>>50353150
honestly... i put another $1300 into atlas yesterday. Both are such good LONGs. I am bullish on Canadian energy stocks atm. Companies like Prospera and Suncor, Petrus, Prarie Provident are all cheap af right now.

>> No.50354928

>>50328551
>>50328854
>>50329050
oh no no no we better hope 1680 holds.

>> No.50355004

>>50354678
Best part is that it could do substantially more if SALT sells out for something ridiculous.

>>50354801
I have a bag of Vulcan and I'll probably get a bag of Salt next month when I get more money.
The potential is just too good despite the moves they've already done.
And most importantly this moves up when everything else gets fucked. If there's a buyout in a timely manner, it would be the perfect rotation from these stocks to other sectors.

>> No.50355110
File: 145 KB, 1079x1893, salt.jpg [View same] [iqdb] [saucenao] [google]
50355110

>>50355004
based

https://www.youtube.com/watch?v=vCadcBR95oU

>> No.50355498

>>50354485
yeah, like the other anon said, further market burning until a fed pivot before EOY

>> No.50355627

https://www.youtube.com/watch?v=2qTOWuL7Zco

>> No.50355898

Bros, what's this about SALT and Vulcan that I keep reading here? I know that salt is an extremely valuable commodity and that it is used basically everywhere, but is it really that bullish? I wasn't even aware that there were any salt stocks so thanks btw :).
Both stocks have gone up as hell and isn't it already too late? :(
Gonna have to wait for a dip I guess... every fuckin time bros :(

>> No.50355942

>>50355627
great video but i'm not totally sold in his conclusions, especially how the stock market is supposed to sky rocket as people from around the world consider it a refuge against their depreciating currencies. well, didn't he spend the entire presentation arguing that the actual refuge is the dollar itself (before gold)?

>> No.50355981

>>50355898
>Gonna have to wait for a dip I guess
Been waiting for SALT to dip since 1.90. People laughed at me when I said I wanted to buy.

>> No.50355985

https://twitter.com/DeItaone/status/1547626064993669122
>ITALY'S DRAGHI: THE CONDITIONS ARE NO LONGER IN PLACE FOR ME TO CARRY ON

>ITALY'S DRAGHI: I WILL TENDER MY RESIGNATION TO THE PRESIDENT THIS EVENING

>> No.50356086

I'm still wrapping my head around all this. What's a good ratio of physical to stocks to own? I own a couple hundred ounces of physical silver and a few of gold

>> No.50356320

>>50355898
Probably way overbought. AFAIK it's hyped over on CEO.CA as well, hype is generally not a good sign. Plenty of bargains in the market right now, but of course people want to chase winners lol.

>> No.50356398

>>50355898
chasing green dildo is the best way to lose money

Ask people who bought Encore Energy last October when we repeated so many times Uranium was going down

>> No.50356707
File: 150 KB, 820x388, +9.6.jpg [View same] [iqdb] [saucenao] [google]
50356707

>>50355004
>>50354678
>>50353150
>>50355898
Vulcan on fire, live long and prosper

>> No.50356829

>>50356320
>>50356398

I'd say it's fairly safe jumping in even now, because they're creating a spinoff company and they're giving 0.3 free shares for every Atlas share people hold.
The chances of any kind of mass selloff before the free share distribution in my opinion are pretty low.
Not to mention considering they're sitting on a 100 year mine which is located in a perfect place and are worth only 230 mil, it's no wonder they're not dipping.
It's still a fairly under the radar company and if there's a buyout the price will without a doubt be 10x of the current MC considering they have tens of billions worth of stuff in the ground.
I said to myself I wouldn't chase this thing, but decided to jump in anyways because the situation is a bit too good to ignore with them. Especially since they're resisting the greater markets so well.

>> No.50356924

>>50355898
you will get thrown around in the market and lose money if you try to follow timing advice from ceo.ca.

in other news - it looks like uranium might be decoupling a little bit from everything else

>> No.50356996
File: 52 KB, 800x600, vulcan_minerals.jpg [View same] [iqdb] [saucenao] [google]
50356996

who's baking?

>> No.50357216

>>50356829
No offense but all that DD is very surface level stuff. They will divvie out some shares that's great but what are they worth? Lots of companies divvy out shares and tumble in price after because everyone were waiting to sell until that happened thinking they would get something for free.
100 year mine sounds great but AFAIK they haven't even put out any economic studies yet so its pure speculation. 10s of billions of stuff in the ground doesn't necessarily mean much. Lots of gold explorers/developers trade at $10/oz in the ground, that's less than 1% of in situ value.

>> No.50357600
File: 422 KB, 1879x974, mr.salt.jpg [View same] [iqdb] [saucenao] [google]
50357600

>>50357216
Check out some interviews with Mr. Salt. They have the best guy in the world running the show

>> No.50358084

NASDAQ pumping again. This is the fakest shit I have ever seen it's literally the government fucking with peoples shorts. They're crabbing the main indices and allowing everything else to dump, trying to take as much money from everybody as possible.