/CMMG/ Commodities, Mining, and Macro General

[Anonymous No.57909091]

Waiting for a pull back edition.

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

More information for each commodity
https://pastebin.com/tduUv8Ny
Calculators for DD
https://pastebin.com/TsRtpKHs
Steer Clear List
https://pastebin.com/V571vwse
News Sources
https://pastebin.com/bQFESpBL

Youtube channels to follow
>Mining Specific
Kitco Mining, Crescat Capital, Mining Stocks Education, Crux Investor, Metals Investor Forum, Resource Talks, Vancouver Resource Investment Conference, Rule Investment Media, Hedgeless Horseman
>Market Commentary
Peter Schiff, Liberty and Finance, Finding Value Finance, Commodity Culture, Palisade Gold Radio, Sprott Money, Rob Kientz, Mike Maloney, Macro Voices, Decouple Podcast, Saxo Market Call
>Twitter Pages for Mining News
JrMiningNetwork, JuniorMiningHub, KitcoMining, MinerDeck, MiningVisuals, Mining

>What is Austrian economics?
https://mises.org/what-austrian-economics
>What has government done to our money? - Murray Rothbard
https://mises.org/library/what-has-government-done-our-money
>The mystery of banking - Murray Rothbard
https://mises.org/library/mystery-banking
>Profit & Loss - Ludwig Von Mises
https://mises.org/library/profit-and-loss-0
>Must Read: Gary Allen, "Hunt for Silver"
https://s3.amazonaws.com/camppictures/CampArchive/Economy/Hunt%20For%20Silver.pdf
>How to play the exploration stock
https://www.youtube.com/watch?v=DxxZOA403dY [Open]

Previous >>57854977

[Anonymous No.57909125]

Which one is it anons?

[Anonymous No.57909198]

my order to sell my gold back to the gold company has been accepted yesterday for pickup on tuesday

But now I dont wanna sell

Can I still cancel? I just sent them a mail asking to cancel. But imagine they get mad and never buy from me in the future for that reason

I hate myself always doing impulsive shit and then panic

What do

[Anonymous No.57909313]

>>57909198
Why did you place the sell order in the first place? You know why you bought the gold in the first place, right?

[Anonymous No.57909409]

>>57909313
Why are you answering to a retard selling his gold right when we breakout ?

[Anonymous No.57909472]

>>57909313
>Why did you place the sell order in the first place?

To get money to gamble on crypto


>You know why you bought the gold in the first place, right?

To protect me from myself and not gamble it all away

[Anonymous No.57909485]

>>57909198
>cancel order
>lol sorry im just gonna sell it to you right again but now with higher prices

[Anonymous No.57909487]

>>57909409
Because the idea of swingtrading physical is so baffling that I can't help myself. It's like slowing down for a car crash (sorry Lassen)

[Anonymous No.57909553]

>>57909472
RIP dude. You got to learn to chill

[Anonymous No.57909577]

>>57909487
Let him drown in his shit, this kind of people dont deserve a (you).

>miner are waking up
Finally.

[Anonymous No.57909621]

Maybe I should sell it anyway and go all in on gold mining stocks

[Anonymous No.57909681]

>>57909577
True. There'll be a lot more of them soon. I've said it before, but I really think the comfy threads are coming to an end this time.

It's been an honour to wagmi with you lads.

[Anonymous No.57909728]

>>57909472
>to gamble on crypto
ngmi

[Anonymous No.57909966]

>for any jugular frens

[Anonymous No.57909977]

just added more BHS, AEM, PAS and CHX stocks to my positions,

[Anonymous No.57910086]

When do i buy into agri, do i need to wait until deere crashes?

[Anonymous No.57910155]

>>57910086
>deere crashes
doubt

[Anonymous No.57910214]

>>57910155

[Anonymous No.57910236]

Jesus christ

https://finance.yahoo.com/news/costco-earnings-beat-big-on-the-back-of-sales-of-gold-bars-and-silver-215824555.html

[Anonymous No.57910238]

>>57909966
>Goes all in on one company.
>Black swan event happens and lose everything
>"I should have diversified"

>Spread money across multiple companies.
>One of them 10x
>"I should have gone all in."

[Anonymous No.57910254]

>>57909198
>But now I dont wanna sell
You're an idiot, sell and buy mining stocks.

[Anonymous No.57910268]

>>57910236
>Main stream media is trying to get normies to buy gold.
Okay guys, they differently got their position and going to allow it to ripe now.

[Anonymous No.57910353]

What the fuck happened to Uranium?

[Anonymous No.57910436]

>>57909977
>BHS
lol

[Anonymous No.57910456]

>>57910353
You were 5 years late

[Anonymous No.57910470]

>>57910353
it reached incentive price. >>57910456 is unironically right.

[Anonymous No.57910563]

>>57910436
>>57909977
why the fuck are there still shithorse shills here now?

[Anonymous No.57910643]

BTFP ends on Monday. Not good for anything but the dollar.

[Anonymous No.57910649]

>>57910563
Greame needs his stock options to get in the green! He's got a flat in Thailand booked with lots of ladyboys

[Anonymous No.57910682]

>>57910643
won't that just result in these banks failing, leading to the fed to print more money to bail them out?

[Anonymous No.57910697]

>>57910353
convince me not to slurp anon pls I need more uranium

[Anonymous No.57910704]

>>57910682
Yeah but between here and there, It's bad for everything but the dollar, unless they extend the program which means we're continuing QE.

[Anonymous No.57910720]

>>57910697
One look at the Cameco chart should be enough to get you to put off those thoughts. Seems like lower lows to me and needs to pull back more.

[Anonymous No.57910738]

>>57910353
i feel like uranium is very complex and a lot of the people in it don't know about the market beyond the bull inventory theory. I mean it can be a fun thing to roll into with play money, but with serious money, I think about how much time I've spent on my steel autism and I have barely cracked the surface of the knowledge needed. I imagine there are people who really do know a lot about uranium markets and do have a good idea on how they are moving, and it's not a guy making youtube videos.

[Anonymous No.57910762]

I believe uranium has a few more years to gain in price but until then there will be pull backs which are expected

[Anonymous No.57910830]

>>57910762
There certainly is still value to be had in uranium, but the easy money has been made a long time ago. Right now the easiest money is in gold and silver stocks obviously

[Anonymous No.57910844]

>>57910254
>You're an idiot, sell and buy mining stocks.

Yeah you're right brah. Am going through with the sell bcs and also I dont want the gold company to blacklist me

[Anonymous No.57910873]

>>57910844
Trust me, get it over with and invest in mining stocks.
Do you have a tax free account in your country? Use that account and buy a variety of juniors. It's incredible how under valued they are right now.
Also buy Benton lol

[Anonymous No.57910906]

>>57910844
hope you'll at least keep some ounces for the sake of prudence. Every portfolio should have a bit of gold.

[Anonymous No.57910934]

>>57910873
I trust you brah. I sent another mail to the gold company saying I was confused with something else and they can collect the gold as agreed

Time to go to the big times: gold mining

[Anonymous No.57910945]

We obviously couldnt close at 2200, weekend would have been too perfect for us...

[Anonymous No.57910953]

>>57910906
It was 2 x 1kg bars so I cant keep a few ounces

Pretty insane I bought 2x1kg bars right

[Anonymous No.57910970]

>>57910945
>We obviously couldnt close at 2200
End times

[Anonymous No.57910990]

>>57910953
Do you have 1kg bar of silver or gold?

[Anonymous No.57911000]

>>57910934
Based, you're gonna make it

[Anonymous No.57911032]

>>57910945
Trust the plan, just two more weeks.

[Anonymous No.57911039]

Today I threw 1600€ into:
Pan American Silver
First Majestic
Sibanye Stillwater
Anglo American Platinum
Impact Silver
Blue Lagoon

All of them near covid lows

[Anonymous No.57911046]

how the fuck are you suppose to know what will go up? sprott urananium doubled for me, but uranium royalty corp is down 10%. two companies literally doing the same thing.
should i buy first majestic?

[Anonymous No.57911075]

>>57911039
>Blue Lagoon
That one is a 50/50 lottery ticket based on if their permits get approved or not.
They've been waiting a long time.

[Anonymous No.57911080]

>>57911046
>should i buy first majestic
the answer to that question is always no

[Anonymous No.57911082]

>>57910953
Yeah ballsy buy. Well you can get a couple ounces if you feel like having physical. Anyways the miners are indeed braindead cheap

[Anonymous No.57911093]

>>57911046
BUY BEX
https://www.youtube.com/watch?v=qxhDTptsX8Q

[Anonymous No.57911100]

>>57911080
Some anons keep talking about buying AG and some are staying away
How is First Majestic Silver so controverse?

[Anonymous No.57911107]

>>57911075
Yes that's why I just throw 100€ into it every once in a while

[Anonymous No.57911127]

>>57911039
Pretty ballsy with Sibanye and Anglo American Platinum, I don't want to touch South Africa. Shit can go very wrong there this election year, I mean more wrong than it is already. Impact and Blue Lagoon are garbage imho but a silver bullrun probably won't discriminate. PAAS and FR are good.

[Anonymous No.57911146]

>>57911100
They've been losing alot of money but since it's the poster child of silver stock's it has alot upside potential
Just see how the price has developed between 2020 and 2022
Any producing silver company is a good bet
Once we get silver at the high $20 mark these companies with high input costs will make money and the stocks will blow up

[Anonymous No.57911154]

In a land not too far, where the sun always shines, Lived a group called the Fondleboys, with their precious metal mines. They bought and they held, they fondled with glee, Their gold and their silver, as shiny as can be.

But little did they know, in a corner nearby, Lived another group, with a twinkle in their eye. The owners of junior mining stocks, they were called, Their dreams were big, their ambitions enthralled.

The Fondleboys laughed at them, with their stocks so small, “We have gold and silver, the greatest of all!” But the juniors just smiled, for they knew a secret so grand, That would soon change the fate of this precious metal land.

As time went by, the market took a turn, The prices of metals began to churn. The Fondleboys panicked, their metals losing shine, While the juniors saw an opportunity divine.

For in times like these, when metals lose their charm, It’s the junior mining stocks that can cause no harm. With exploration and discovery, they held the key, To riches untold, for those who could see.

And so it came to pass, in this whimsical tale, That the Fondleboys learned a lesson without fail. That it’s not just about buying and holding what’s old, But about investing wisely in what’s yet to unfold.

So remember dear reader, as this story ends, In the world of investments, it’s not just about trends. Take heed from the juniors, with their stocks so bright, For sometimes it’s the underdogs that win the fight

[Anonymous No.57911156]

>>57911100
First Majestic has had its share of misfortunes and it was way overpriced back in 2020/2021, leading it to dump perpetually ever since. They're a pretty high cost miner too with AISC at $18-22/oz AgEq. So people have grown used to hating it. Personally I'm interested in buying.

[Anonymous No.57911170]

>>57911127
Yes but the upside potential is just so good and they pay good dividends the stock is up. I own some physical platinum too but I can't resist buying more shares at these prices.

[Anonymous No.57911174]

>>57911046
>uranium royalty corp
There was nothing bullish about that stock that's why.

[Anonymous No.57911186]

>>57911154
Beautiful poetry anon. I do love physical gold too though

[Anonymous No.57911213]

>>57911170
That dividend will get cut most likely. But yeah good upside for a PGM turnaround and you'll make it out like a bandit if South Africa sorts itself out

[Anonymous No.57911249]

>>57911156
>>57911146
Yea, I see, im holding AG since january 21 and bought 2 more times since then and im down 54% right now, ive been through worse

[Anonymous No.57911303]

>>57909487
No apologies necessary fren
On the bright side I've developed a pulmonary embolism and shingles

[Anonymous No.57911352]

>>57911249
I was telling everybody not to buy it back when /pmg/ and /cmmg/ were in their formative years, seeing how stupidly expensive it was. I've also been consistent in talking down shit like Bayhorse, Blue Lagoon and Impact. First Majestic is now finally looking like a buy. Those others I still consider bad companies but ironically it's the shitcos and the literal scams that can perform the best during face-ripping bullruns. I don't want any part in that bullshit though as I'm content with lower gains if it means I don't have to hold the shitcoin pump&dump equivalent of mining stocks in my portfolio

[Anonymous No.57911408]

>>57911352
Thank you for your service
I might throw 800€ into AG but i planned to have some cash on the side as gun powder for unexpected dips

[Anonymous No.57911490]

>>57911408
Miners might do a bit of a pullback, but I think the consolidation is going to be mostly on the way up, i.e. higher highs into higher lows into new higher highs etc. Some miners have hit resistances and have been forming wedges which I think will end up breaking up.

[PAN MAN No.57911521]

>>57909091
Give me that $3K CAD!!!
Its going to be a wild summer exploration season if we keep going higher!

[Anonymous No.57911564]

>>57911521
Frosted Flakes!

[Anonymous No.57911566]

[Anonymous No.57911647]

>>57910990
Gold. You need to pay VAT on silver do you lose a lot of money

[Anonymous No.57911665]

>>57911303
Your arm is fucked...

[PAN MAN No.57912108]

I am busy but whats silver's price doing right now? Gold's going nuts, any chance silver spikes too?

[Anonymous No.57912164]

>>57912108
Silver is taking its time going more or less sideways. It will play catch-up probably. Eventually.

[Anonymous No.57912333]

they really are showing a lot of chutzpah to still be shorting so much with gold breaking out

https://www.mining.com/pdac-2024-junior-miners-see-short-selling-epidemic/

https://www.youtube.com/watch?v=tQI7ZXQdUjg

[Anonymous No.57912415]

>>57912333
they're willingly providing gold at a lower price for all the buyers. That's very considerate of them. With the jews, you win!

[Anonymous No.57912552]

>>57911303
Ouch...
Hang in there brother
>shingles
Get your vitamin D and C
https://www.youtube.com/watch?v=gPR_O6ooM7A

[Anonymous No.57912566]

>>57912333
Checked. I don't really like people calling for regulation, because it doesn't work.

[Anonymous No.57912917]

>>57912566
>>57912333
Is naked short selling legally fraudulent?
Is it like fractional reserve banking?

[Anonymous No.57913068]

>>57912917
No I don't thinks so the naked short seller is taking large risk for a large reward. He could get burned very easily.

[Anonymous No.57913082]

>>57912917
Probably depends on the regulations. But do consider that the bigger the position the higher the risk

[Anonymous No.57913121]

>>57913068
I don't know much about it.
People say the shares they are shorting are fraudulent? How true is this and how does it work?

[Anonymous No.57913152]

>>57913121
Yeah, It's kind of shit that they're borrowing your shares without permission I get that part it's fucking fraudulent. Either way I think they can easily get burned.

[Anonymous No.57913259]

>>57912552
Thanks. We're on a town run so I'll watch it afterwards. My prostitute nurse has been feeding me all kinds of supplements. And antibiotics. Painkillers. Dude I take a dozen different pills during the day

[Anonymous No.57913282]

>>57913259

[Anonymous No.57913334]

>>57913259
>My prostitute nurse
...tell me more

[Anonymous No.57913404]

>>57913259
Town run?

How are things now that you've been settled back home for a couple months? Improving?

>My prostitute nurse
Silver lining

[Anonymous No.57913484]

>>57913259
>antibiotics
I don't think those help with shingles (unless you have a bacterial skin infection because of them), you need some acyclovir for the shingles.
>>57913282
Holy fuck... that femur is fucked up.

[Anonymous No.57913522]

>>57913282
Your bones are fucked up? Are you taking your K2 supplements properly?

[Anonymous No.57913989]

why did my uranium shitcoin explode so much recently? are the really little guys going to catch this too? should i take a bit of profit? I'm 100% up right now.

[Anonymous No.57913997]

I'm getting some pressure and encouragement from people I know to continue my crusade for a big ramp up in American thermal coal exports to Asia and even Africa. I can do that, however, from the comfort of this metallurgical coal mine I am applying to; after all, the company which owns this mine is also a big thermal coal producer. So it's not Alpha Metallurgical Resources or some other pure play met coal company.

I will continue the crusade, as it just makes so much sense. East, meet West, and we'll build a golden bridge. The East needs huge quantities of coal and America has huge quantities of coal. Fast growing countries like Nigeria could even burn coal so as to free up more of their own petroleum for export, which is more valuable on the global market, but I have much less hope for that plan bearing any fruit, as it's complicated and Nigeria, despite its explosive growth, remains very poor and lacking in investment funds for big projects, unless wealthy Western or Asian powers were to coordinate the project for them.

In any case, I will still be mining coal, and after my mother passes -- which could be a few months to a few years, depending on how the course of this cancer goes (her case has the oncologists perplexed, since this is a very deadly cancer yet hasn't grown much in over two years) -- I may go back into thermal coal. I just want to be heard more by the c-suite, hence my flirting with the idea of getting an MBA. They have the power -- the vision I have would need to be okayed and executed by them. As I've said, coal executives have shown no broader vision to save coal in these past fifteen years of decline where 50% of production has been wiped out.

[Anonymous No.57914055]

>>57913997
The USA should be burning a billion tons a year of thermal coal just for our own use, and exporting another billion tons. This new tech craze is very energy hungry.

>>>/pol/461130435

[Anonymous No.57914058]

>>57913989
Probably want to sell, looks like uranium is cooling off for the time being
Unless they're actually profitable and PEG<1

[Anonymous No.57914128]

>>57913989
do you know anything about this shitco? No? Fucking sell, it's free +20%

[Anonymous No.57914148]

>>57914128
>>57913989
or better yet, you have doubled your money.

[Anonymous No.57914174]

>>57911039
>First Majestic
>>57911156
>>57911156

WAGMI
https://www.youtube.com/watch?v=QRLP-CePIhc

[Anonymous No.57914188]

>>57914174
I love how unashamedly schizo the CEO is

[Anonymous No.57914426]

>>57914058
>>57914128
>>57914148

i bought for purely sentimental purposes. I loved Rush growing up and this co's name and red/back logo remind me of many Rush album covers.

[Anonymous No.57914438]

>>57914426
i can respect that but it's not the most robust investment thesis

[Anonymous No.57914454]

>>57914426

[Anonymous No.57914467]

>>57914438

it was twenty CAD, not the family farm.

[Anonymous No.57914477]

>>57914426
times really must be good huh. I envy your carefreeness with your hard earned money

[Anonymous No.57914578]

salient point by Goldfinger/CEOTechnician. A lot of noise, frustration, impatience and negative emotions in miners despite good performance in both gold and GDX. Don't get distracted.

[Anonymous No.57914588]

>>57913989
because of this video https://www.youtube.com/watch?v=sqmPCLoWt3s

[Anonymous No.57914751]

When will you sell your PM miners? When the gold/silver ratio looks frothy?

Some people will make fortunes, others will be left holding the bag, coping, seething, moaning about market manipulation.

I think 60 to 55 silver ounces to gold ounces, I would be dumping. And I'd be OK with being early. At $3k gold that would be $50 silver.

[Anonymous No.57914890]

>>57914751
when the miners start looking a lot less cheap. Basic plan would usually be to take half on double and ride the wave, but these miners are extremely oversold and the move up will be massive. Otherwise it depends on my investment thesis for each company.

[Anonymous No.57914990]

>>57914751
I'm looking at the xau/gold ratio
It's a long way to go from 0.05 to 0.23?

[Anonymous No.57915003]

>>57914990
almost 5x actually.

[Anonymous No.57915170]

>>57914588

thing on the right looks like a tranny unfortunately

[Anonymous No.57915254]

>>57914588

That's an extremely kiked channel, not that anyone with eyes has trouble realizing that fact.
Last I checked she seemed to boost the absolute shittiest of shitcos, that then quickly double in price after appearing there, because their MC are under 5 mil.
Don't buy anything she's peddling.

[Anonymous No.57915439]

>>57915254

damn, i guess i'll sell maybe half my position on monday.

[Anonymous No.57915553]

>OECD’s Anthony de Carvalho warns of widening gap between global steelmaking capacity & demand, w potential for a 158 mmt/year increase in capacity over 2 years, far surpassing demand growth. Most expansion employs high-CO2-emitting technologies.

[Anonymous No.57915684]

>>57915553
Let's roll that coal, baby!
We're gonna need so much steel for this green transition that we'll end up using coal from the Pittsburgh seam once again to make coke.
Lately, Pittsburgh seam coal has not been used for steelmaking, since better steelmaking coals are found elsewhere and preferred.
But if we have to ramp up steep production as much as the green agenda demands, then yes, even "lower quality" coals will be needed, just with better scrubbing processes to remove impurities from the coke.
Let's fire up the coal engine and get this green steel made!

[Anonymous No.57915698]

>>57915553
I don't have the source, but I came across some analysis a week or two ago that said the world will need to produce several times as much steel as the world uses in a year, and keep this up for years or longer than a decade, to make the West green.

[Anonymous No.57916635]

At least our thread isn't as dead as it used to be.

[Anonymous No.57916669]

>>57916635
I think we're at a pretty good combination of excitement and comfiness. Thread is active enough and there's something to look forward to, but thankfully not a lot of newfags and other spoonfeedees around yet

[PAN MAN No.57916817]

>>57916669
things are pretty chill watching gold slowly creep towards $3k Oz here.
I hope everyones evening is comfy!

[Anonymous No.57916863]

That 1 oz gold coin I bought back in 2021 during that retarded silver squeeze phase is actually worth something now.
>I made it

[Anonymous No.57916895]

>>57916863
I sold all of my silver at a loss last year and bought gold instead. Got some tax loss credits for the later gains I'll make, and I now have a proper asset for long term savings. I'm up like 30% on the gold I think, managed to more or less time the bottom. Not that it matters that much, it's savings moreso than an investment

[Anonymous No.57916969]

>>57916895
>it's savings moreso than an investment
Same with me. I have enough liquid cash to live for maybe 10 years, rather modestly
My silver, gold, and platinum, but especially the gold, is for savings. It's a form of security.

[Anonymous No.57917408]

>>57911647
Damn, 1kg of gold is crazy
Im mirin

[Anonymous No.57917811]

>>57913334
Super long story
>>57913404
Every day is a new adventure
>>57913522
I have capitulated. I eat anything she hands me now

[Anonymous No.57918548]

>>57917811
Are you the anon who had the bad car accident?

[Anonymous No.57918690]

>>57917408
2 x 1kg bars means 2kg

[Anonymous No.57918710]

>>57911665
Pretty sure he already knew that

[Anonymous No.57918726]

Still I feel so bad that I sold right at the point it is breaking out after holding for over a year and onky getting a 1% return after buy and sell premiums on physical

Feels bad man fucking loser kys motherfucker

[Anonymous No.57918844]

>>57918726
Lol
Live and learn
Who cares

[Anonymous No.57918927]

I hope it crashes next week si I can pretend ir was a
Smart move

[Anonymous No.57919049]

told to bring this here from /pmg/
>standard lithium just found highest lithium concentration in east texas brine @ 663mg/L
>salton sea averages around 204mg/L
>being compared to a second spindletop
>East Texas Natural Resources (now trinitylithium?) gets incorporated in 22 and is also now buying up brine leases throughout east texas and Arkansas
>Exxon/Mobil catches wind of this chicanery and wants in, buying brine leases in Arkansas as well
>Tesla breaks ground on Lithium refinery on Texas Gulf Coast

bros, Texas is gonna be a lithium giant soon.
Invest in one of these three and I'm betting you'll make a nice profit.

sources: https://www.standardlithium.com/investors/news-events/press-releases/detail/156/standard-lithiums-east-texas-drilling-program-delivers

https://www.news-journal.com/spindletop-for-the-21st-century-has-the-east-texas-lithium-race-begun/article_c8a9fc14-cc38-11ee-8d7d-6fbc0dc07fd0.html

[Anonymous No.57919787]

>>57913997
>As I've said, coal executives have shown no broader vision to save coal in these past fifteen years of decline where 50% of production has been wiped out.
Some find it unseemly for me to criticize the executives in the coal industry, seem to think it's not my place to do so and that I lack their knowledge, but nonetheless, when 50% of your business vanishes since 2009 and you don't halt that, despite there being enormous demand for the same product across the ocean, then I think something is seriously wrong, even with the whole corporate structure.
Of course I believe in competition for the sake of better products and prices for the consumer, but corporations need, in instances like this, some way to produce a united front, rather like when the Greek city-states joined together to repel the Persians even though they liked to war with each other frequently.
There must be a way to crack this nut and revive the thermal coal industry. As I've said before, coal is the easiest fuel to store, transport, and use, and its cost is quite stable compared to other fuels. This is why it's so good for a developing economy and even for developed economies. It's reliable in every way. Gas pipelines are relatively easy to hack and shut down nowadays, but trains or barges loaded with coal can be switched back to manual operation much more easily than a pipeline.
There are many arguments for coal's virtues as an energy source. I will not, and probably never will, give up the fight for thermal coal to regain its place in the fuel market.

[Anonymous No.57919799]

>>57914751
>When will you sell your PM miners?
When the market capitalization enters into the hundreds of millions, if I think there's a recession or when we enter another rate hiking cycle.

[Anonymous No.57919822]

>>57918548
>the anon
It's Lassen you newfag nigger he's the reason /cmmg/ even exists and the carcrash was his divine reward. God is laughing at us.

Learn your history.

[Anonymous No.57919904]

>>57919822
Sheesh, you could have just told me in a decent manner.
And fuck you for being an asshole.

[Anonymous No.57919916]

>>57919904
>Sheesh, you could have just told me in a decent manner.
Brother you are on 4chan.org what did you expect?

[Anonymous No.57919945]

>>57919916
That's true. But usually /cmmg/ is better than other parts of this site.

[Anonymous No.57919958]

>>57919904
Chill out man that was a gentle ribbing. It means I like you.

>>57919945
>But usually /cmmg/ is better than other parts of this site.
You clearly haven't experienced peak weekend /cmmg/.

Don't h8 the hazing brother, embrace it

[Anonymous No.57920078]

>China's CNOOC makes 100 million ton oilfield discovery in South China Sea.
Does anyone know how this translates to BOE? Why the fuck do they measure oil in tons instead of bbl...

[Anonymous No.57920098]

>>57919799
What's the total mcap of all mining stocks? is there a chart somewhere?

[Anonymous No.57920144]

>>57920098
>What's the total mcap of all mining stocks? is there a chart somewhere?
I haven't seen a chart but It's probably between $500B-$1T.

[Anonymous No.57920200]

>>57919958
That's fine then. I can forgive someone who doesn't actually bear ill will.

[Anonymous No.57920623]

>>57920200
Of course not. I'm the guy that suggested fasting to you last thread.

I'm also /cmmg/'s official gatekeeper and I routinely shit on newfags to keep the threads clean. You've been here a while now though and provide a lot of value to the thread so I respect that, and seem like a decent human so I only call you a nigger with love. I call and have been called worse by people ITT I consider friends. I'm just a bit of a bellend m8 but it's all bantz, usually.

[Anonymous No.57920761]

>>57918844
I really hope it doesnt blast to 5000 right after I sold

[Anonymous No.57921603]

>>57920761
>can't handle the volatility of gold
>thinks he can handle gold miners
shiggydiggy my niggy

[Anonymous No.57922024]

https://twitter.com/garysavage1/status/1766457784621740301
>They can and probably will test the 2020 highs
>There will be minor corrections along the way but the next intermediate degree correction, one lasting 6-10 weeks won't be due until June or July.

Very well worded, our time will come very soon brothers. A good x5 before Summer and the next correction will be a dream come true, allowing us to upgrade our PF's foundation.

[Anonymous No.57922137]

>>57922024
Its crazy how far the miners came down from the 2020 high

[Anonymous No.57922195]

>>57922024
>our time will come very soon brothers.
>>57922137
Not crazy when you look where interest rates went, considering 90% of the sector losses money.

[Anonymous No.57922303]

>>57920623
Keep doing God's work and keep on keeping the spirit of the 4chinz alive. OGs like you are few and far between these days

[Anonymous No.57922370]

>>57922137
Yep, testing 2020 high might not seem great, but we're coming from such low valuation, its easy x5

[Anonymous No.57922389]

>>57920623
Based, the rest of the OG like us can just keep a blind eye to your doings

win win

[Anonymous No.57922675]

Here's the link to the chat before all the normies come in and ruin our thread.

https://pastebin.com/HAMphhJu

[Anonymous No.57922712]

>>57922675
what the fuck is this man. This shit is gay. Fuck this offboard non-anonymous hugbox bullshit

[Anonymous No.57923165]

>>57922675
>Thomasthetrain.jpg

[Anonymous No.57923363]

>>57921603
Im still thinking maybe I shouldnt sell. Pickup planned on tuesday. Imagine gold goes to 2500+ on monday

[Anonymous No.57923399]

>>57923363
dude. You don't have to think it's like an all or nothing trade. If you have too much gold for your taste and you feel more risk hungry but also feel like you don't want to not have gold, why not sell only a portion of your gold?

[Anonymous No.57923451]

>>57923399
Well I have only 2 bars of 1 kg each. So it was either 50% or 100%

I was thinking to put it in gold stocks but now I am thinking I will fuck it all up since I suck at trading

[Anonymous No.57923713]

>>57923451
Just diversify and hold with what you feel good with
If you can fall asleep with youe portfolio and dont wake up at night because you are worried you lose all your money its all gucci

[Anonymous No.57923719]

>>57923451
What's stopping you from buying some 1oz bullion immediately after selling thr bars?

[Anonymous No.57924299]

gold miners should give investors the option of being sent physical gold in lieu of dividends
i don't want more lousy fiat i want a quarterly bullion delivery

[Anonymous No.57924342]

>>57913997
America has like 3 Trillion tons of inferred Coal, time to get that shit mined. Assuming it’s 100% recoverable and economical, it could power America (at 2022 4000 TWh pace) for 6100 years.

[Anonymous No.57924694]

>>57924342
>it could power America (at 2022 4000 TWh pace) for 6100 years.
You're being a real chud right now... Can't you see there's an energy crisis?

[Anonymous No.57924900]

>>57924342
Math behind this:

3 trillion tons of coal = 24406666 TWh/ 4000 (4000 TWh being annual consumption) equals 6101 (years).

[Anonymous No.57925363]

Fucking depressed. Should have never placed a sell order

[Anonymous No.57925381]

>>57925363
No refunds

[Anonymous No.57925435]

>>57925363
its called darwinism

[Anonymous No.57925494]

>>57925363
dude just buy some ounces immediately after selling
>b-but muh coin dealer takes a 1% premium
don't care just do it retard

[Anonymous No.57925506]

>>57924299
logistical nightmare. Just buy gold with the fiat you get

[Anonymous No.57925532]

>>57925506
Kek this. But I guess there's no dividend tax then?

[Anonymous No.57925608]

>>57925363
Quit being indecisive.
Just sell your gold and buy miners and be happy.

[Anonymous No.57925625]

>>57925608
This but unironically

[Anonymous No.57925712]

>>57924342
Yeah and what about its impact on the planet?

[Anonymous No.57925881]

>>57925712
hey buddy i think you got the wrong thread
coal is gigabased

[Anonymous No.57926001]

I can't wait for the scrap numbers to update on Monday. Nothing was traded end of the week, hoping we at least bottom or start to see a rise.

Seeing some demand drop though. Automotive looks really bad to me. January 2024 saw auto production falling in Germany by 4% y/y. Meanwhile December 2023 marked the end of Germany’s BEV subsidy scheme leading to a 59% drop in BEV sales from December 2023 to January 2024, even sharper than the 42% drop across Western Europe as a whole. That's massive. I know the EVs are piling up in America too. Not the end of the world for steel pricing, but, it's a sign of weakness in economies.

[Anonymous No.57926195]

>>57923719
Double digit IQ

[Anonymous No.57926312]

>>57925712
Kys

[Anonymous No.57926488]

>>57920623
Fair enough

[Anonymous No.57926919]

>>57924342
It gets even better for coal,

>“We think there are between three trillion and 23 trillion tonnes of coal buried under the North Sea,” explained Dermot Roddy, former professor of energy at Newcastle University.

https://www.worldcoal.com/coal/31032014/coal_discovered_in_north_sea_674/

And there are very likely even more of these offshore deposits, yet undiscovered.

[Anonymous No.57926929]

>>57925712
what about it?

[Anonymous No.57926946]

>>57924900
The whole world has thousands of years of coal left at current levels or even much increased levels of consumption.

>>57925712
Coal is good for the planet. We are at very low CO2 levels as compared with most of the history of complex life on Earth. More CO2 in the ocean-atmosphere system means more plant life, which means more animal life, which means greater total biomass and a more diverse biome. Getting CO2 levels back up to, say, 1000 ppm in the atmosphere would literally make the planet more alive.

[Anonymous No.57926957]

>>57926312
I'd prefer to educate this fellow on the merits of coal and other hydrocarbon energy sources.

>>57926001
Steelbro, if I get this met coal job, then our interests will be quite aligned. Let's make a lot more steel for the world. We need an infrastructure overhaul anyway (but not a green energy transition).

[Anonymous No.57926980]

>>57926919
With the convertibility of coal into liquid fuels, Earth's coal supply could even power solar system exploration and settlement for a very long time. Energy isn't the bottleneck there, but rather the need for new technologies to allow humans to survive longer in space and the difficulty of sending up enough tons of material to build colonies for human settlement.
But fuel isn't a constraint. We have plenty of it if we're willing to use it.

[Anonymous No.57928166]

Bump

[Anonymous No.57928176]

>>57926957
We can form an autism alliance for sure. I'm very interested in met coal and have much to learn about it!

>Let's make a lot more steel for the world. We need an infrastructure overhaul anyway (but not a green energy transition).

I think we absolutely will. In fact, I think there is no choice. India's steel requirements alone will be massive. The Biden Infrastructure bill here in America will require massive amounts of steel to accomplish. That's before we get into onshoring and the protectionist policies that both presidents support (Trump may be more protectionist, but Biden is no slouch). There is no electrification without a huge influx of steel. That said, we'll have to watch the demand levels versus output levels - there is a lot of American capacity coming online, these steel companies have gotten a lot of capital over the past years and are growing. I believe eventually this will cause a fight for scrap, which, may help integrated mills. Met coal will be greatly needed imo.

I have a /cmmg/ book recommendation: "How the World Really Works" by Vaclav Smil. I think just about anyone here would enjoy it. I want to read more books by the author, they are very much on the pillars of civilization. How the World Really Works goes into steel, ammonia (for fertilizer), concrete, and plastics. It's also very approachable and easy to read, I wasn't overwhelmed (although it did send me on some rabbit hole researches but that's kinda the idea).

[Anonymous No.57928513]

>>57928176
I've read some books by Smil, particularly about 10-15 years ago. I think two of them were called "Inventing the 20th Century" and Commercializing the 20th Century," or something like that.
One was about the period from 1867-1914, when a huge number of inventions were created that would go onto alter human life fundamentally. According to Smil, the only recent invention to rival what was developed in that period is the internet.
The second book was about making those basic inventions available to the masses.
I think we might be living through a similar period now, where there is enormous fundamental technological change, but much of it hasn't hit the public, commercial market yet, and its commercialization will require a great increase in average spending power, as happened in Western societies after World War II. So we'll need a re-enriching of the middle class for today's technological innovations to hit our lives. But it's just a guess or theory of mine that this period is similar.

Vaclav Smil is an awesome writer and I will get back into his works. Yes, we can combine our autism into a great alliance. People ask me why I got so interested in coal. I just found it really cool as a kid, since it was used to run steam locomotives like the ones my dad took me on for fun. There were still excursion steam trains in our area. And coal is black, and black was my favorite color as a kid, because the old steam locomotives were mostly black, so coal being black made me like it even more. LOL
Weird stuff, but yeah, I guess I'm a bit of an autist. Though in public and at work I come across quite normal and usually very positive and easygoing.

[Anonymous No.57928566]

>>57928513
The main Vaclav Smil books I remember reading were "Inventing the Twentieth Century," "Transforming the Twentieth Century," and "Energy and Civilization."
That last one also helped launch my adult interest in coal and energy sources in general.

[Anonymous No.57928597]

>>57928566
Well, my adult interest in coal started earlier, in the 2000s, during all the talk about Peak Oil and Peak Energy, which turned out to be false. But many Peak Oil writers got a lot of things right, for example that energy is the master resource, needed to use any other resource.

[Anonymous No.57928640]

>>57928176
This book looks like a good one:

"Power Density: A Key to Understanding Energy Sources and Uses"

>In this book, Vaclav Smil argues that power density is a key determinant of the nature and dynamics of energy systems. Any understanding of complex energy systems must rely on quantitative measures of many fundamental variables. Power density—the rate of energy flux per unit of area—is an important but largely overlooked measure. Smil provides the first systematic, quantitative appraisal of power density, offering detailed reviews of the power densities of renewable energy flows, fossil fuels, thermal electricity generation, and all common energy uses.

>Smil shows that careful quantification, critical appraisals, and revealing comparisons of power densities make possible a deeper understanding of the ways we harness, convert, and use energies. Conscientious assessment of power densities, he argues, proves particularly revealing when contrasting the fossil fuel–based energy system with renewable energy conversions.

>Smil explains that modern civilization has evolved as a direct expression of the high power densities of fossil fuel extraction. He argues that our inevitable (and desirable) move to new energy arrangements involving conversions of lower-density renewable energy sources will require our society—currently dominated by megacities and concentrated industrial production—to undergo a profound spatial restructuring of its energy system.

[Anonymous No.57928680]

>>57928640
I remember taking an ecological anthropology course in college, where I got to know the professor quite well. He worked with a research team in Kenya/Tanzania. In one of his projects, his team produced elaborate flow charts of virtually all the energy used by a pastoralist people in that region, measured in kilocalories (iirc), and flowing from the sun, to the plants, to the animals, into meat and milk, into daily activities etc. It was very impressive.
Making a similar flow chart of the energy uses of a modern civilization would be a tremendous undertaking and an astounding feat. But it's amazing that people have quantified and charted all the energy used in a relatively primitive human social system.
Sunlight, of course, has very low "power density." Same with wing. Nuclear and hydrocarbons are where the real power is at.

[Anonymous No.57928730]

>>57928680
*Same with wind

[Anonymous No.57928739]

Why are goldfags so excited over a 10% gain?

[Anonymous No.57928789]

>>57928739
you need to understand first that different markets move differently, and this is an unusually bullish move.

[Anonymous No.57929149]

>>57928566
I will check those out, thank you! I plan on reading a bunch of his books, I really enjoyed How the World Really Works.

[Anonymous No.57929219]

>>57928640
Yes, this looks very interesting.

>>57928680
I think the main thing is just that the scale of energy use is not really intuitive. It takes studying. A lot of the assumptions (including my own) are inaccurate when the math is done, and that's where we get into unreasonable expectations about electrification, reduction of fossil fuels, and so forth. One thing that really stood out to me was that half the nitrogen molecules in our body are man made because of use of the Haber Bosch method, which takes immense energy. Without that process, we would not have the fertilizer needed to feed much of the world... in fact half the world would starve. So while some of the green initiatives may be noble, a lot of them are completely impractical and would cause mass starvation until we have some huge technological advances. No matter what governments do or what people protest, there are certain limitations.

[Anonymous No.57929521]

>>57929219
>So while some of the green initiatives may be noble, a lot of them are completely impractical and would cause mass starvation until we have some huge technological advances. No matter what governments do or what people protest, there are certain limitations.
This is exactly right and illustrates why I am against social engineering. We should just have a free marketplace of products, ideas, technologies etc. Let the choices of the billions decide which tech is used, how many kids are born, and what direction different societies and the world altogether take.
Central planning is no good except in certain circumstances.

[Anonymous No.57929691]

>>57929521
but the unwashed masses are just not smart enough to do what's right for the greater good /s

[Anonymous No.57929868]

>>57929691
:)
In aggregate, I think people's decisions, based on their own pursuit of happiness and needs, lead to the best outcome overall. Let the marketplace of ideas, tech, products, services, and everything else decide the course of the world.

[Anonymous No.57929894]

>>57929219
Yep, I remember Smil describing the importance of the Haber-Bosch method to growing the human population past certain constraints (can't recall the estimated carrying capacity without this method). Billions of people are literally alive today because of the technological explosion that occurred between roughly the end of the American Civil War and World War I. Without the technological leaps made in that age, the world population today, for better or worse, would be much smaller, and hydrocarbon energy was a giant part of those technological advances.

[Anonymous No.57930489]

>>57928739
It's price crossing a key area where it's likely to go higher. Ie, why any trader is ever excited about any move.

[Anonymous No.57930664]

>One in four children live below the poverty line in West Virginia, the state with the highest rate of opioid overdoses. In some school districts, more than 70% are being raised by grandparents, other family members or guardians because their parents are unable to take care of them.

https://www.yahoo.com/news/west-virginia-bill-letting-teachers-041305510.html

West Virginia got fucked so hard by Big Pharma the damage is incalculable.

[Anonymous No.57930758]

>>57930664
>by Big Pharma
I don't think it's big pharma causing this, It's a side effect of excessive currency creation which lead to a decline in the standard of living especially for the youth, because they have little to no assets and their wages aren't keeping up with inflation, they have to cope somehow: drugs, alcohol etc...

[Anonymous No.57930817]

>>57930758
That doesn't explain why West Virginia in particular is so hard hit compared to other places, though. But West Virginia was indeed targeted hard by Big Pharma for opioid prescriptions.

>Was It 'Reasonable' To Ship 81 Million Opioid Pills To This Small West Virginia City?

https://www.npr.org/2021/07/30/1021676306/was-it-reasonable-to-ship-81-million-opioid-pills-to-this-small-west-virginia-ci

Personally, I think West Virginia was targeted for cultural and societal destruction. What's happened here even makes me think the inner city blacks in other states were targeted for the crack epidemic by intelligence agencies or whoever wanted to break those populations and make them dependent.

[Anonymous No.57930900]

>>57930817
Or at the very least, the population of West Virginia was seen as disposable by the pharma industry and the federal government.

[PAN MAN No.57930920]

>>57930664
wasnt West Virginia part of the "pill mill" scandal? The amount of evil that caused the US is insane.

[Anonymous No.57930921]

>>57930817
>That doesn't explain why West Virginia in particular is so hard hit compared to other places, though.
Well, I haven't looked into West Virginia specifically, but I'm pretty sure if you look into it the cause will be economic in nature, and the abuse of opioids is just a coping mechanism.

[Anonymous No.57930971]

>>57930921
>I'm pretty sure if you look into it the cause will be economic in nature, and the abuse of opioids is just a coping mechanism.
I'm sure you're right about this. There has to be an environment of human misery already in place for a drug epidemic to take hold. And with that environment in place, West Virginia got targeted hard for opioid prescriptions.

>>57930920
>wasnt West Virginia part of the "pill mill" scandal? The amount of evil that caused the US is insane.

Absolutely! West Virginia was the very center of the pill mill scandal, especially Huntington, WV. It's fucked the state pretty good. Many parents are addicted, AWOL, and seemingly permanently dependent on government handout, while grandparents, other relatives, and foster homes are raising the kids. This is ultra-common in some areas of more southern West Virginia, and the human toll is just nuts.
West Virginia is one of the most beautiful states there is, and the population have traditionally been very hard working for relatively low pay (for most of modern history, coal mining was not a very highly paid job like it is today). West Virginia has always been poorer than most other states, but the people had a lot of pride and a work ethic. Now there are entire areas where businesses larger than a gas station or corner store can't set up shop due to opioid addiction in the local population.

[Anonymous No.57931021]

>>57930971
West Virginia, along with far southwestern Pennsylvania, are my adopted homes -- my homes by choice -- and are where I have done most of my work in coal mine maintenance: around the Pittsburgh seam of southwestern PA and northern WV.
I was born in Illinois and raised in Colorado, both of which are historically very productive coal states, but I adopted "northern Appalachia," as this region is called in coal mining, as the place where I have put down roots. We have the biggest concentration of longwall mines and panels here of any place in the United States. And luckily, northern WV isn't as hard hit by the opioid/fentanyl craze as other parts of the state.
Nonetheless, what's happened here, and the corporate criminals behind it, just enrage me. I love the land, the people, the history, and of course the coal culture, which is deeper here than anywhere else in America. It pains me to see what's going on here with so many families.

[Anonymous No.57931071]

>>57931021
And of course it's not just West Virginia, as the other anon says, that has the environment of human misery in place for a serious opioid/fentanyl problem. The working class across America has been hollowed out by hostile economic policies over the recent decades. Other parts of Appalachia are suffering, but so are many big cities and everything in between -- even suburbs often have opioid problems nowadays.
As something of a "Blue Collar Chauvinist," it bothers me terribly that this has occurred. We need a big infrastructure rebuild to re-moralize the nation, create real jobs with real future, and give the younger generations genuine hope. That would go a long way to fixing this situation, I believe.

[Anonymous No.57931090]

>>57931071
Anyway, I'm off my soapbox now.
Anyone with other thoughts on this topic, feel free to chime in. I'm curious about other perspectives.

[PAN MAN No.57931092]

>>57930971
that scandal seems really similar to our own opiate epidemic in northern BC, where addicts are now openly trading in the "Safe supply" product issued by the government to gangs in exchange for fentanyl. Its pure evil plain and simple, a demolition project against the working population.

[Anonymous No.57931191]

>>57931092
>Its pure evil plain and simple, a demolition project against the working population.
That's what I tend to believe.
Maybe West Virginia was targeted so hard because it was a bastion of very hearty, very nationalistic Whites.
And Safe Supply might be the solution to those who are addicted beyond the point of every quitting. By all means, those who can break the addiction deserve all help in doing so, but for those unfortunates who can't, perhaps let them live out their lives in a mild opiate haze in a regulated environment.

[Anonymous No.57931203]

>>57931191
*hardy

[Anonymous No.57931237]

>>57931090
Not entirely the same thing but related, I think the amount of unhealthy substances in our environment is extremely worrying. I recently learned that teflon pans and other kitchenwear and other items with non-stick coatings for example contain hazardous chemicals (PFAS) that are linked to many adverse health issues, and this stuff along with microplastics accumulate in the body, finds its way to the air, soil and the seas and into the very ecosystem and food chain. In the Victorian age people were getting poisoned by lead, just a few decades ago we had asbestos. I wonder how the substances in widespread use today will be viewed in the far future, and what kinds of long term effects we all may be experiencing inadvertently. It's pretty hard to live healthily.

[Anonymous No.57931334]

>>57931237
Totally agree
For example, everyone pretty much agrees nowadays that mining companies need to clean up whatever messes they make, and mine companies work to address these issues nowadays. Even surface pits are often turned into nice (if quite deep) lakes that attract waterfowl.
Yet there seems to be no industry or political will to address the kind of environmental toxins you mention. Instead, scapegoats like mining and smoking are conveniently blamed in the official narrative for what's wrong with people's health, while culprits that are likely a far bigger problem in this day and age go unaddressed.
There is, however, growing public awareness of the dangers of Teflon and microplastics and industrial herbicides and pumping livestock full of antibiotics, so perhaps there is hope for some changes in the not too distant future.

[Anonymous No.57931392]

>>57925608
Miners charts look like a total disaster

[Anonymous No.57931402]

>>57931334
I think there is some will. There's agencies like the FDA and the EPA, and European agencies have also made it a point to ban certain substances with what I believe to be bigger stringency. Of course though, money muddies the waters and sometimes other kinds of utility goes before health as well. Plastic for example has revolutionized the materials industries the world over but we know that plastics are very troublesome both environmentally and health-wise. I'm glad there are hard working and innovative people trying to make substitutions to some of the potentially harmful products we have but they are often lacking in certain properties or more expensive or more difficult to produce, or all of the above.
>There is, however, growing public awareness of the dangers of Teflon and microplastics and industrial herbicides and pumping livestock full of antibiotics, so perhaps there is hope for some changes in the not too distant future.
I think so too. Ultimately I think humanity is developing and progressing for the good of all. I don't subscribe to all the doomsaying that seems to be so in vogue nowadays, but I do know we are faced with lots of issues both known and yet unknown

[Anonymous No.57931422]

>>57931392
It seems to me like you're having a hard time balancing risk and greed with safety and fear. The best advice I still have is, you can have both. But it depends on your risk averseness and greed.

[Anonymous No.57931758]

>>57931402
>I think so too. Ultimately I think humanity is developing and progressing for the good of all. I don't subscribe to all the doomsaying that seems to be so in vogue nowadays, but I do know we are faced with lots of issues both known and yet unknown
Agree 100%
Human ingenuity has kept civilization chugging along despite environmental degradations, giant wars, pollution etc. for thousands of years. I don't see why the problems we have today are insurmountable.
And it's a simple choice, really: We either innovate our way out of our problems, or we sink back to a much lower standard of living (like some greenies want -- or they don't even realize this is the consequence of what they're promoting). Given that choice, I opt for seeing this thing through -- the only acceptable way out of our problems is through them, not to run from the,.

[Anonymous No.57931834]

>>57931758
*not to run from them
Arnold Toynbee was a great British historian in the earlier to mid 20th century who wrote about how civilization succeed or fail.
His theory was called something like challenge-response theory. It states that civilizations are confronted, at certain key points in their history, with existential challenges, and they either rise to the occasion and succeed or they slink back, try to ignore the problem, and end up failing in due time.
We are perhaps at such a point in the history of both Western and Modern-Industrial Civilization. We must either rise to the challenge and prevail or else shy away from it and fall in due course.

If we define this civilizational struggle we are in, make people aware of the issues we face, and work together to solve them, then we can re-moralize the population and perhaps succeed, leading us to a higher stage of development and improving our lives on the whole.

What are the challenges we face: environmental degradation, of course; kleptocracy; malaise and even nihilism among the population; amorality or people not seeing reason to be moral if there are no benefits to moral behavior and consequences for immoral behavior (belief in God and afterlife consequences used to motivate people to behave morally); and the civilization-hating eco-communists. We must define these challenges, make people understand that success and progress are possible and desirable, and fight to win in this struggle. In this manner we can ensure the future of our civilization and our way of life.

[Anonymous No.57931991]

>>57931834
https://en.wikipedia.org/wiki/Arnold_J._Toynbee

https://en.wikipedia.org/wiki/Arnold_J._Toynbee#Negative_views_of_Jews_and_Judaism:_The_%22Toynbee_heresy%22_and_the_Jew_as_%22fossil%22

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

>Toynbee argues that civilizations are born out of more primitive societies, not as the result of racial or environmental factors, but as a response to challenges, such as hard country, new ground, blows and pressures from other civilizations, and penalization. He argues that for civilizations to be born, the challenge must be a golden mean; that excessive challenge will crush the civilization, and too little challenge will cause it to stagnate. He argues that civilizations continue to grow only when they meet one challenge only to be met by another, in a continuous cycle of "Challenge and Response". He argues that civilizations develop in different ways due to their different environments and different approaches to the challenges they face. He argues that growth is driven by "Creative Minorities": those who find solutions to the challenges, who inspire (rather than compel) others to follow their innovative lead. This is done through the "faculty of mimesis." Creative minorities find solutions to the challenges a civilization faces, while the great mass follow these solutions by imitation, solutions they otherwise would be incapable of discovering on their own.

The Creative Minority, according to Toynbee, become, after a civilization gets too rigid and complacent, a Dominant Minority that rules by force rather than leads by innovation. The modern West is perhaps in this state of things. We need to cast off our domineering leadership and reopen society to creative minds with new solutions.

[Anonymous No.57932076]

>>57931991
>Historian Carroll Quigley expanded upon Toynbee's notion of civilizational collapse in The Evolution of Civilizations (1961, 1979).[7] He argued that societal disintegration involves the metamorphosis of social instruments, set up to meet actual needs, into institutions, which serve their own interest at the expense of social needs.
The transformation of social instruments into self-serving social institutions is very difficult to reverse. Look, for example, at the environmental lobby and various "non-profit" organizations. They develop hierarchies where excellent pay and benefits accrue at the top and even when the problem for which they were founded is solved, new problems must be found to justify the structure's continued existence and therefore the continued benefit of those working within the structure.
Eisenhower's famous "Military-Industrial Complex" speech identifies an example of a major social instrument becoming a social institution, in this case, the broad military-industrial infrastructure developed to pursue the Second World War.
Stiff institutions and bureaucratic bloat, as well as an all-powerful state (the Universal State in Toynbee's parlance), are among the great challenges the West faces today.

[Anonymous No.57932884]

>>57931422
Shit fucking sux. Gold is mooning now bcs my sell order has been accepted

[Anonymous No.57933066]

>>57932884
don't be a crybaby, if you think gold is going higher buy a top tier gold miner like AEM. I'm up over $2k in less than a month and clear a $134.30 dividend next week after Justin from Canada steals 15%

[Anonymous No.57933096]

Insert I'm not a CMT disclaimer, but this candle from the DXY on Friday looks like the DXY could level out shortly. I still think we're going down to support, but, if the DXY bounces a bit on Monday we could see some commodity price drops short term. Will be interesting to see what happens.

[Anonymous No.57933143]

>>57932884
Yeah and you can buy some ounces back if you feel like you're selling too much

[Anonymous No.57933150]

>>57933096
Looks a lot weaker on the weekly. Any bounce should be sold.

[Anonymous No.57933273]

>>57933150
ah yeah for sure. How do you decide to look at daily versus weekly?

I'm mostly hoping DXY goes down to that support to give us a nice little push upward in commodities priced in USD.

[Anonymous No.57933407]

>>57933273
I'm not much of a technician, but I like to look at the longest timeframe that doesn't lose too much signal. Weekly is my favourite for most things. I've been burned too many times by looking at daily too closely. At the very least, comparing momentum between timescales is a good idea for figuring out if there's a real trend reversal or confirmation.

[Anonymous No.57933496]

>>57933143
No bcs 6,5% premium

[Anonymous No.57933509]

>>57933066
>I'm up over $2k in less than a month
How much % roi?

[Anonymous No.57933586]

>>57933407
I would like to find a good youtube channel to learn technical analysis, but a lot of them are kinda slimy. I saw some people read the CMT textbook, but that's like 150-200 dollars on Amazon and I can't find a good PDF for it.

[Anonymous No.57933643]

I'm all in UGL right now. Is there some better ticker for buying and holding for several months?

>JNUG
too much decay

[Anonymous No.57933761]

>>57933586
A number of folks here swear by Ira Epstein. I don't get too much into the weeds myself but I do find his approach to slow stochastics and Bollinger bands to be very useful. His system is summarised here:
http://studyofcycles.blogspot.com/2015/11/paraphrase-of-ira-epsteins-rules-for.html
He has a youtube channel where you can see him talk through his reasoning daily while hawking his trading course.

[Anonymous No.57933891]

>>57933761
Thank you, this is very helpful. I'll read through this and watch some of his videos. I imagine TradingView has a lot of these so I can graph them.

[Anonymous No.57933902]

>>57933509
sadly, I had to sell some shares last week at only a $200 profit to pay a credit card, but here's my current position

[Anonymous No.57934679]

>>57933902
based

If I had a bigger portfolio, I would def have a position in Agnico and Gogold. They're easy play.

[Anonymous No.57935104]

>>57933902
neat. I really hope I can 4 or 5x that 120k€
if I do then I can take a few weeks off work and just chill out home like that comfy frog meme

[Anonymous No.57935126]

>>57933643
That picture is disturbing mate

[Anonymous No.57935130]

>>57933496
oh no it's the end of the world you're losing out on a 6.5% premium. Your bad for buying fucking kilogram bars to begin with, take it as a tuition fee and make that money back in investing

[Anonymous No.57935168]

>>57935126
>>57933643
standard 90s/early 00s room with random shit and conflicting colors all cobbled together. Peak comfiness

[Anonymous No.57935177]

>>57935130
Yeah man you are right. At least I made 1% positive return after all was said and done so I didnt lose money. Just a full year of opportunity cost.

[Anonymous No.57935194]

My ultimate dream life is not having to work anymore and be the comfy frog. While potentially still working just not as hard anymore and being less stressed out

[Anonymous No.57935205]

>>57935177
That opportunity cost ended up pretty good for you considering the gold miners are at the most bullish inflection they have been in years. Opportunity cost can be bad if you're missing out, otherwise it's an option for times like these. Many here have bought dips (or tops) all the way down and you've sat on the sidelines without losing a dime.

[Anonymous No.57935234]

>>57935205
Yeah I was also trying to protect myself from more -95% shitcoin investments. Thats one of the reasons I locked it away in physical gold. And of course I hoped that gold would moon to 3000 ngl i drank the coolaid

[Anonymous No.57935266]

>>57935234
I have some gold myself, about 15% of my pf and its job is to just sit there in case of a rainy day. Sure I'm up 20-30% on it but that's not the point. The money is made elsewhere. Gold is insurance and savings for me.

[Anonymous No.57935304]

>>57933902
>>57935104
>>57934679
based

[Anonymous No.57935337]

>>57935304
This comfy frog meme is really my dream life. It just doesnt get any better than that.

I've also put up my fancy car for sale. Really I dont even want fancy thing anymore. It all leads to stress. Comfy is all I want

[Anonymous No.57935367]

>>57935266
I was just retarded to buy 1 kg formats. Thought it was real smart bcs they were relative to their weight the cheapest. Didnt think it through bcs when selling them back they are also the cheapest so there is zero advantage lol what a moron

[Anonymous No.57935411]

>>57926980
That's the thing. Are we willing to use it? Many coal burning plants in the US have been shut down, or converted to natural gas facilities. Combustion turbines and RICE engines are the vehicle for the alleged overhaul to renewables. Exports look great from burgerland for coal. Everyone wants it, but us.

[Anonymous No.57935431]

>>57935304
My comfy frog bedroom with ethernet wire to my smartphone bcs wireless internet and cell service causes cancer. Deactivating airplane mode not even once

[Anonymous No.57935444]

>>57935431
200x200cm bed is very comfy

[Anonymous No.57935445]

>>57935337
You're a smart dude. Frugality is the key to wealth, remember that
>>57935367
Yeah 1oz is the standard

[Anonymous No.57935492]

>>57935445
Yeah thanks brah. I bought a bmw 7 series to show off but it just brought me insane levels of stress and I realized all of it is fucking slave cope. The comfiest car is the one I bought for my gf (but I mostly use it) for less than 5k€ years ago. A beatup 2010 mercedes a class and it drives really well despite damaged bodywork and off centered steering wheel from collisions probably

Fancy cars = stress

[Anonymous No.57935496]

>>57935445
>Frugality
I take home $3,500+/wk and sleep in the back of a 25 year old SUV.

[Anonymous No.57935634]

>>57935304
>>57935337
same. I actually made this image a few years back.

I agree on the cars also. I work for a guy now who has 32 cars and they keep me pretty busy. I'm constantly working on them, sending them in for service, keeping batteries charged, etc. They are mostly fairly modern cars too, which in some circumstances makes it easier and in other ways makes it harder. I always wanted a sports car collection or something but this experience has made me want to just have one decent car and not worry about it. Don't even get me started on boats...

[Anonymous No.57935694]

>>57935634
Seriously cars are a huge mistake. Would never do again if I could go back in time

[Anonymous No.57935764]

>>57935694
Where I live you can't even drive them really. I mean there is tons of traffic and not really any good roads. Lots of people just collect them or whatever, and some of them have made money doing that, but the overhead costs of keeping them is huge. I sometimes go to car shows and such and people will say "yeah that guys car collection has doubled" or whatever but they leave out that the guy probably has 10k a month in rent just for the warehouse he stores them in, at least 1-3k per year per car in service/maintenance, insurance, tax, overhead of paying someone to care of them, etc. Also for every one car that goes up a bunch, a lot of them go down. The amount of time I spend on tags and toll passes for them is a whole other story....

[Anonymous No.57935813]

>>57935496
I haven't taken it this far as I've got kids and shit but I completely understand the sentiment, it boggles my mind how normies flush all their cash down the shitter CONSOOMING depreciating assets instead of stacking net worth, thus becoming independent of Mr sheckelburg.

[Anonymous No.57935937]

>>57935496
holy based. The Jew fears the SUV-goblin

[Anonymous No.57935967]

>>57935492
For me it's my 2003 Peugeot 306. No AC, and I need a separate heater for Winters. But it has served me incredibly well for like 8 years. Have had to do maintenance on it from time to time but it has been much cheaper than buying a new car. And It's pretty economical to drive too.

[Anonymous No.57936034]

>>57935496
>take home $3,500+/wk

Holy fuck. You mean net income? What is your profession?

[Anonymous No.57936196]

>>57936034
>You mean net income?
Yes, net.
>What is your profession?
Welding inspector.

[Anonymous No.57936265]

>>57935634
>I actually made this image a few years back.
a classic, ranks up there with this one

[Anonymous No.57936641]

https://www.yahoo.com/news/french-president-emmanuel-macron-47-132000773.html

French anon....for you

[Anonymous No.57936813]

>>57933273
>head and shoulders
>after a correction
That is called a diamond bottom

[Anonymous No.57936868]

>>57936813
Indices need to pull the fuck down, that would push the DXY up.

[Anonymous No.57937355]

>>57936641
Fuck him and his tribe, I've no intention of dying for these fuckers

[Anonymous No.57937506]

>>57931392
yes
that means theyre cheap
buy low sell high

[Anonymous No.57937589]

>>57936813
Thanks, I will research that. I'm learning about RSI and Bollinger bands today. Much to learn!

[Anonymous No.57937877]

As soon as my 120k€ gold money is in my account im going all in on barrick gold

[Anonymous No.57937925]

>>57937877
According to my eyeballing of the chart it can do a 4 to 5x within 5 years

[Anonymous No.57937936]

>>57928513
Steel, Concrete, plastics and ammonia are basically the four pillars of our current advanced society according to Smil. I think oil is represented by plastics, cause you could argue it’s just as important as the four main ingredients

[Anonymous No.57937976]

>>57936196
Mirin

[Anonymous No.57938026]

>>57937877
>>57937925
You will sell it all at a loss on the first red candle

[Anonymous No.57938042]

>>57938026
I dont think so. I practiced diamond hands with my crypto portfolio

[Anonymous No.57938072]

>>57938042
>impulse buys and panick sells physical fucking gold and cries about it all weekend
>diamond hands
see
>>57921603

[Anonymous No.57938090]

>>57928513
Steel, Concrete, plastics and ammonia are basically the four pillars of our current advanced society according to Smil. I think oil is represented by plastics, cause you could argue it’s just as important as the four main ingredients

[Anonymous No.57938101]

>>57938072
Hater

[Anonymous No.57938150]

>>57929894
Without Haber-Bosch, we could only support 75% of our current world populace since 25% of all agriculture is mostly/ entirely dependent on ammonium-nitrate fertilizers. At least that’s what I recall without actually looking it up again.

[Anonymous No.57938183]

>>57938101
Nah mate just lulzing at the fact that you're a flakey, unstable crypto shitflipper moonboy who thinks life begins when he can finally wagmi under a comfy blankie with millions like the cute frog.

Do yourself a favour and ctrl-F your ID and read all your posts ITT as if it's some other random anon and honestly ask yourself what kind of "trader" that person sounds like. Your posts are unstable as fuck and the fact that you can't even stop yourself fomoing in and out of physical fucking metals is hilarious and a sign that you need to reassess.

Don't be mad. I'm doing you a favour instead of shilling you my bags, or telling you that you're smart or gonna wagmi like the other retards ITT.

You're welcome, friend.

[Anonymous No.57938231]

>>57938183
Im unstable but I am a master of diamond handing let me tell you

[Anonymous No.57938251]

>>57931237
Yea I think in Manchester, England around 1860s the average life expectancy of a male was like 17 or some insanely low number because it was the onset of the second industrial revolution and coal use spiked literally through the roof. Everyone was using charcoals or actual coal to heat homes and especially the booming industrial factories would be billowing with coal 24/7, leading the main industrial cities like Liverpool and Manchester to become vexed with a permanent plume of coal residue and smoke. This lead to a huge uptick of pneumonic diseases and other related maladies. Chimney sweep boys were like 5 years old since they were small enough to fit up there and they would work long hours and die young.

As an aside, never eat anything packaged with styrofoam or drink with those cups. There is confirmed particle migration from the styrofoam that can cause and perhaps enhance endocrine disorders.

[Anonymous No.57938314]

>>57938231
I've heard that one before, but hey maybe you're different right?

Judging by the rollercoaster you've went through over two days of no price action, I'm sure you are.

[Anonymous No.57938327]

>>57937877
never go all in on one stock

[Anonymous No.57938360]

>>57938314
See >>57938042

Still hodling

[Anonymous No.57938377]

>>57938042
You didn't sell at all after that huge runup when you could have made a million bucks?

[Anonymous No.57938423]

>>57938360
>Still hodling
See >>57909198
kek

[Anonymous No.57938482]

>>57938377
He diamond handsded all the way to the top of the pump and then all the way to the bottom. He is a professional.

[Anonymous No.57938555]

>>57938377
It was a rug I couldnt sell they were presale tokens that were still locked when team was duming but that is not the point

Point is still hodling

[Anonymous No.57938594]

>>57938555
>can't sell
>still hodling
Fucking lmao
You deserve those trips you lil retard

[Anonymous No.57938676]

>>57937877
All-in with globohomo Barrick seems kind of ballsy fren. I'd at least get some AEM or even GDX, although GDX can be very irritating in that the money changers have it rigged to mostly track Comex silver.

[Anonymous No.57938701]

>>57938555
weird that you literally can't take profits on the way up. Cryptos are weird, I don't really understand that market

[Anonymous No.57938730]

>>57938676
>although GDX can be very irritating in that the money changers have it rigged to mostly track Comex silver
that's not how it works

[Anonymous No.57938780]

>>57935411
As of now, there is mainly just a shrinking domestic market for US thermal coal. We export a little bit, but not nearly enough to save the industry with the scheduled coal-fired plant shutdowns in coming years.
We need to be doing more to export our coal to Asia and even Africa, but we aren't.
Sad!

[Anonymous No.57938838]

>>57937936
That list of ingredients sounds right as the ingredients of modern living. And yeah, petroleum is the feedstock for the plastics industry, though coal could be substituted if that were ever needed.

[Anonymous No.57938929]

>>57938251
The early Industrial Revolution was a living hell. We hear about how bad things were in the late 19th century and early 20th century, but in the mid 19th century and earlier, it was in fact much, much worse for workers. From the latter 19th century is when the labor movement was getting big, so our popular images of workers date from that time or later.
I saw a documentary once about some miners -- not coal miner, but I think slate -- who got three days off per year, worked 12+ hours a day, and basically live in and at the mine. Similar working conditions existed in mining from the late 1700s to the late 1800s in Britain.
There is also some famous old sketch from about the 1830s of a woman crawling on her hands and knees in a low coal mine, pulling out a wheeled basket of coal like a mule would. That's what the *early* Industrial Revolution was like. People's lives were short and brutal.

It was rather like the early days of the Agricultural Revolution, when lifespans likely dropped precipitously due to the spread of animal germs to humans. Later on, both the Agricultural and Industrial Revolutions made life much nicer, but the people who had to suffer the worst of it in the early days had lives that truly sucked.

[Anonymous No.57938958]

>>57938730
anon, your homework for the next 10 days is to watch GDX track Comex silver with a 90%+ correlation

t. former 2 year GDX hodler

[Anonymous No.57938974]

>>57938929
The woman in the sketch was doing this work in the early 19th century. I can't find the exact sketch, but it was in an old high school text book.

[Anonymous No.57938989]

>>57938974
I believe this is the image I saw back in the 90s in that textbook.

[Anonymous No.57939015]

>>57938958
that does not mean GDX (or silver) is being rigged by anybody. The manipulation narrative is the most cucked defeatist narrative in investing I know of. Nobody controls a market that size

[Anonymous No.57939129]

>>57939015
Kek

https://www.reuters.com/article/jp-morgan-spoofing-penalty/jpmorgan-to-pay-920-million-for-manipulating-precious-metals-treasury-market-idUSKBN26K325/

https://www.thenationalnews.com/business/markets/former-deutsche-bank-traders-convicted-of-trying-to-manipulate-gold-and-silver-prices-1.1083535

https://www.cbc.ca/news/business/scotiabank-spoofing-fine-1.5692117

[Anonymous No.57939161]

>>57939129
>bu-but the spoofing!
that does not mean the whole market is being rigged and run by a big ol' banking cartel conspiracy. Spoofing is illegal though mind you. But nobody controls this market. Otherwise why would gold and silver go up during panics like the GFC or the coof? It's all about capital flows.

[Anonymous No.57939573]

I'll bake up the next thread

[Anonymous No.57939617]

Fresh bread

>>57939609

>>57939609

>>57939609

[Anonymous No.57940119]

>>57939161
It's been going on since Babylon but because you are alive they aren't doing it anymore because you're so fucking smart they knew they couldn't get it by you