/biz/ - Business & Finance

>>25305514
Idolatry

>it's another "pmg posts that paragraph where it says silver miners went up 150x in the 70s bullrun based on speculation and fervor"
Peter Schiff himself said gold and silver speculation will never exist like they used to so long as BTC is around. Anybody wanting extremely risky, leveraged exposure to the downfall of fiat is already holding BTC. If he can accept this fact, /pmg/ should too. Accept the easy 5-10x from gold stocks over the next 5 years but don't imagine you're going to be rich overnight, especially if you're buying anything relating to silver, which is going to suffer the most.
Thanks for reading my blog.

>>25305590
>>25305602
read this >>25299332
Either way, we should discuss this >>25304784 and the numbers to keep it up to date with the links.

>>25305590
FUD

>>25305602

>Peter Schiff himself said gold and silver speculation will never exist like they used to so long as BTC is around.

He never said this. In fact, he recently said that even the large producers would go 5x when gold doubles.

>Anybody wanting extremely risky, leveraged exposure to the downfall of fiat is already holding BTC.

BTC goes to zero when fiat dies. The Asian nations, where the production lies, will demand gold, not BTC, as payment for goods and services. They are preparing to issue gold-backed currencies. Also, BTC is fundamentally flawed, unusable as a currency, pumped by tether, has extremely limited upside potential at $500 billion market cap.

>especially if you're buying anything relating to silver, which is going to suffer the most

Silver will return to a normal 15:1 ratio with gold without fiat money to distract from or suppress it. Gold has to go at least double to reach fair value, so silver is going at least 10x. If silver juniors went 150x when silver merely doubled--let your imagination do the rest of the work.

>>25305514
I invested in all the mining stocks some larper spammed entire August with.
Bought the top. Held it and now finally almost breakeven on some.
Can you guys suggest some more mining stocks that are undervalued rn? Don’t care about buying otc penny stocks just don’t want to buy the top like last time.
Thanks.

>>25305721
>>25305667
Graven images!

Nobody responded last thread so I'll try again:
Anybody here stack base metals?
Copper pennies are well over 2x face value and nickels are back over their face value again too.

>>25305824

Bayhorse Silver, Blue Lagoon, Tinka Resources, Dolly Varden, Callinex Mines, Impact Silver.

>>25305846
Yeah I stack copper pennies and pre-81 Canadian nickels, it prevents me from getting depressed when I don’t find silver in my change (which so far I’ve only found a war nickel, and coincidentally it was the first piece of silver I have ever owned)

>>25305819
>He never said this.
He said this in his podcast about two months ago. I'll go find it for you. His exact words were something like "Yes, okay, BTC is probably stealing some speculation from mining stocks. But that's just speculators, they're not buying gold, just gold stocks, don't sell your miners for BTC because it's a bubble and it's going to 0 etc etc etc". He said this at 17k, which is a classic Schiff comment.

>Also, BTC is fundamentally flawed, unusable as a currency, pumped by tether, has extremely limited upside potential at $500 billion market cap.
I agree with all of this except the currency part. If you're doing cross-border transactions with BTC in the billion dollar range, then an $8 transaction fee is much more reasonable than the hundreds of thousands it costs to securely truck gold to another country. China and Russia are *already* settling cross-border trade with BTC as well as gold, fyi.

>Silver will return to a normal 15:1 ratio with gold without fiat money to distract from or suppress it
Silver is mostly mined by people who couldn't care less about it, usually other PM miners who get it from their waste dirt. Gold fair value is easily a 10x but silver historically has only gone down since about 1600 when paper was invented. If you can have gold-backed paper, you don't need silver coins.

I'm also a gold bull but silver is not going to perform well, because silver is merely speculation. It is the shitcoin of gold. And this cycle, speculative gambling money is not in silver, but BTC.

>>25305846
I have a few rolls of Copper Pennies, some copper scrap and I'm casually hoarding Nickels I get in change.

>>25306000

>If you're doing cross-border transactions with BTC in the billion dollar range, then an $8 transaction fee is much more reasonable than the hundreds of thousands it costs to securely truck gold to another country

Look into Kinesis. You only need to pay a 0.50% fee when using gold-backed cryptos. Gold-backed cryptos are also perfectly usable as currencies. BTC is not unusable, even on the Lightning Network, by more than 0.1% of the world population. When BTC really gets going, it will cost tens of thousands, if not hundreds of thousands, if not millions of dollars to send any transaction, and it will take weeks or months to go through. Nor is raising the block-size a solution, because then one centralized entity comes to control the hash (see Calvin and BSV). Gold-backed cryptos are the future of crypto, because you can have multiple cryptos (no entity controls the hash) storing their wealth in multiple vaults around the world (so also decentralized).

>Silver is mostly mined by people who couldn't care less about it, usually other PM miners who get it from their waste dirt.

Funny, we heard the same arguments from people like IKN when silver was $11. And yet we recently nearly touched $30. Silver is one of the most precious and valuable metals in the world, extremely rare above-ground, mined at a ratio of 8:1 with gold. It is down only because of manipulation, and is going back to a 1:15 ratio when fiat collapses, no doubt about it. The South American nations are likely to make it into money again, probably India too and many other places. "Silver" even means "money" in a large number of languages.

>>25306000

>If you're doing cross-border transactions with BTC in the billion dollar range, then an $8 transaction fee is much more reasonable than the hundreds of thousands it costs to securely truck gold to another country

Look into Kinesis. You only need to pay a 0.50% fee when using gold-backed cryptos. Gold-backed cryptos are also perfectly usable as currencies. BTC, on the other hand, is not usable, even on the Lightning Network, by more than 0.1% of the world population. When BTC really gets going, it will cost tens of thousands, if not hundreds of thousands, if not millions of dollars to send a single transaction, and it will take weeks or months to go through. That's the consequence of having a 1 mb block-size. Nor is raising the block-size a solution, because then one centralized entity comes to control the hash (see Calvin and BSV). "Fiat" crypto is a dead end. Gold-backed cryptos are the future of crypto, because you can have multiple cryptos (no entity controls the hash) storing their wealth in multiple vaults around the world (so also decentralized).

>Silver is mostly mined by people who couldn't care less about it, usually other PM miners who get it from their waste dirt.

Funny, we heard the same arguments from people like IKN when silver was $11. And yet we recently nearly touched $30. Silver is one of the most precious and valuable metals in the world, extremely rare above-ground, mined at a ratio of 8:1 with gold. It is down only because of manipulation, and is going back to a 1:15 ratio when fiat collapses, no doubt about it. The South American nations are likely to make it into money again, probably India too and many other places. "Silver" even means "money" in a large number of languages.

>>25305846
>Anybody here stack base metals?

I have a pile of copper pennies from buying $50 bags at the bank, got the "Cherrypicker's Guide" to look for errors but didn't find anything particularly noteworthy.

I stack pewter which is 92% or higher Tin and worth $10+ a pound on eBay for hobbyists. Super low melting point and easily worked, I buy it cheap when I see it at sales or Goodwill, probably have 120lbs.

I also collect fired bullets from a Bureau of Land Management area used as a firing range, melt em down and stack ingots, probably got 500lb now.

The pewter will probably see nice gainz but the lead collecting is just for fun.

>>25306263
I got salty going to goodwill and antique stores, all they have is silver plate. Though I guess it might be worth it for some of the copper depending on price.

Stack gold.
Stack silver.
Stack btc.

>open silver gold bull
>see this
>almost have a heart attack

It's just a bug though, shit that increase within the day would have been apocalypse tier.

>>25305846
>>25305933
>>25306039
Been slowly stacking base metals, since covid started; I was bored.
Here's what I'm at.

>>25305846
>Anybody here stack base metals?
I own a metals recycling business, does that count? I currently have 5 tons of steel, over a ton of lead, half a ton of copper, about the same of brass and aluminum. Probably a few thousand dollars worth. But I'm not really stacking it since the land it sits on is worth way more than the metal. Come spring it all gets sold for whatever it's worth

>>25306155

Do you have a possible list of gold-backed cryptos?

>>25306320
I may or may not have exchanged a franklin for over 20 pounds worth of nickels at a bank...

>>25306314
wow lol

>>25306354

Kinesis is the only one I know of for certain. But anybody else could do what Kinesis has done. GoldMoney wouldn't strictly speaking count as a "crypto," although it did used to be called BitGold. But any GoldMoney user can send gold, silver, platinum, or palladium to any other GoldMoney user free of charge, or use a PM-backed debit card to pay for anything, which instantly converts their PMs into fiat.

>>25306320
Don’t bother keeping the base metal Canadian dimes and quarters, their face value far exceeds the melt value. Just spend them like regular change

>>25306485

Thanks for the answer anon.

>>25306497
I already know that. Appreciate the heads up, though.
Im not bothered with having $30CAD sitting around. Just speculating on nickels future price.

>>25306292
Back when base metals were higher it was worth buying copper and brass stuff priced cheap for scrapping, and silver plated stuff can be good. EPC for electroplated copper, EPNS is nickel Silver which is good scrap, EPBM is britannia metal which is pewter and definitely good base metal scrap. Be sure to check their bins of dinner knives for sterling handles, and pay attention to less common finenesses like .800, .830, .835 which they might not recognize and squirrel away in the sorting rooms like they often do with sterling. I got a .800 platter from Berlin for 4 bucks in July, $787 melt value currently. Not common but cheap Silver is definitely out there.

>>25306303
Yes
Yes
No

>>25306598
Why speculate on Nickel (a metal sold by the pound) with $30 CAD worth of coins whose Face Value is worth 5x their Nickel Content? It would make much more sense to deposit or exchange them and buy scrap Nickel from a recycler or simply use the money to get Nickels from a bank.

COMEX default on the way

https://youtu.be/1x4ysOBdsmM

>>25306799
Old news

>>25306799
This meme is literally decades old now. It was the original “just wait two weeks”

>>25306829

"We discuss the curious case of the LBMA sending out threatening letters to the rest of the gold trading centers around the world.

Apparently little UAE has upset the LBMA with their whopping $13 billion in gold market trade, because it might come from Artisanal gold mines in Africa.

These small mines produce gold that could be illicit, and come mainly through the UAE. Though this is such a minuscule portion of the overall global gold market.

The problem with the letter is the LBMA has no authority with any other market; they can only impose sanctions. Of which, Dubai has no certified LBMA gold refineries anyway.

The jist of the story is that the LBMA is panicking over 805 new companies registering on the Dubai gold exchange due to better liquidity, technology, and access to critical African gold deposits which don’t go through the LBMA market.

Adding further trouble is the LBMA bullion bank unallocated gold reserves will not count as high quality assets for bank reserve requirements in the new Basel regulations. This could put many London bullion banks out of the gold market.

The spillover effects onto COMEX, for which the LBMA has been supporting in 2020, are that we could finally see just how illiquid the physical gold is on both of the Western gold exchanges.

This could shift physical gold trade East and away from these major gold hubs, putting a nail in the coffin of their shared hegemony over gold trade (COMEX in futures and LBMA in physical).

Might we be closer to a major physical gold liquidity event on the COMEX and in London in 2021?"

>>25306000
>silver is not going to perform well, because silver is merely speculation.

I personally find the industrial/strategic bull case more compelling than the ancient monetary aspect. I'd love to see it remonetized again but won't hold my breath.

>>25305074
>first year of silver bull market.

I completely agree. This IS the FIRST year and it is so GOD DAMN frustrating reading on Kitco when they sling bullshit articles saying that this "bull run" started "five years ago" and it's "coming to an end". Get fucked mother fuckers. Retail investment overtook industrial in November of this year. The mint sold double the amount of eagles in November alone than it did the entire two previous years combined. Get fucked you fake clownworld mother fuckers. You fake news peddlers. You JP Morgan manipulators. God damn you and get fucked.

>>25305824
I did the same thing and am in the same situation. It sucks.

>>25306342
Do you laugh at us pathetic stacker?

>>25307155
yes, every day

stacking is good, but you need to be earning more, not just saving. My business blows more money in a week than most of you will save in a decade.

>>25306342
>>25307200
How’s your wife’s son Bob?

>>25306780
>Why speculate on Nickel
Why not? What harm is it to keep random CAD coins that I've found in my change?
Its more trouble to do any of that, than it is to just keep the nickel coins.
Theyre 99.9% nickel coins, minted by the CAD govt. Which seems more trustworthy than looking at a chunk of nickel of the same purity.

>>25307256
>How’s your wife’s son Bob?
just got a new gaming laptop and some switch games, he's doing good.

He was born a millionaire, what are you?

>>25307284
Has he showed any knack for business yet or does he just do video games and tendies?

>>25307284
>He was born a millionaire
You’ve literally shown zero proof you’re a millionaire Bob, keep LARPing as one from your trailer

>>25306000
>silver is merely speculation
Opinion discarded

>>25305667
>12oz gold
>60oz silver
I know it's historically a 1:15ish/16ish ratio, but that is straight 1:5. Why so low???

>>25307459
video games and tendies all the way. He does have a gf though so maybe he'll have a future. My older son works with me in running my businesses.
>>25307467
>You’ve literally shown zero proof you’re a millionaire Bob, keep LARPing as one from your trailer
I've given you more than enough info to find out. Hell, Pan Man could find me in five minutes if he wanted to. He never has that I know of.

>>25307258
>What harm is it to keep random CAD coins that I've found in my change?
They're worth FIVE TIMES more in face value than they are in Nickel Value!!! Unless they're all very low mintage years it makes no sense to hang on to them.
YOU COULD BUY 5X THE NICKEL YOU HAVE THERE IF YOU SPENT THOSE COINS. Canadian coins other than Nickels are simply not worth saving for the Nickel value!
Are you trying to troll me or something?
If you live in Canada you can deposit those coins and pick up Nickels at the Bank and sort out the pre-82s, if you live in the US you can exchange your $30 CAD and use it to buy Rolls of Pre-82 Canadian Nickels on Ebay!

>>25307616
What about too much trouble do you not fucking understand?
I spend cash, and get change. Im not going further than that, why tf do you not under fucking stand?
Do you have any PMs? If not, fuck off.

Aurcana frens

https://register.gotowebinar.com/register/3358704969437301006?source=ceo

>>25307573
>I've given you more than enough info to find out.
Lmao cope, for someone who likes to brag about the fact that they’re supposed a millionaire you’ve given ZERO evidence that you own anything more than $200 and a few silver quarters. If you were actually a millionaire you’d be shoving it in our faces. You trailer trash really need to stop lying on the internet

>>25307746
you missed the Freeport contract I take it?
kek

>>25307746
You've got pictures of me in Hawaii and Cancun and Grand Cayman and Roatan and Belize but you missed the older pics of my finances. That's funny.

Pan Man has been talking to me for years whether he knows it or not. He has way more dirt on me than you do.

>>25307843
>You've got pictures of me in Hawaii and Cancun and Grand Cayman and Roatan and Belize but you missed the older pics of my finances. That's funny.
So why don’t you post them again if you want me to believe you’re a millionaire? Shouldn’t be too complicated

>>25307573
Your older son sounds like he's got potential, leave him the good stuff

>>25307893
I don't have anything to prove to you or anyone that you can't find out yourself with a quick image search.

>>25307927
They're both bright, and my oldest is greedy so he'll do fine.

I want my kids to do better than me, not just get my stuff and waste it.

>>25307946
>I don't have anything to prove to you or anyone that you can't find out yourself with a quick image search.
There it is everyone! Deflection at its finest! You trailer park trash really are stupid

I'm disgusted by people who are Born with wealth or have not earned it. People who work fake jobs and receive grossly bloated salaries. They tend to have no real world experience and are worthless at just about anything. They have disgusting fat blob bodies because they have never excercised a day in their life. I'm am disgusted. They are like a gross slithery lizard species of human. Not a primate descendant. A gross slithery lizard descendant with a gross blobber body. I yearn for a primitive day when I could kill them with my bare hands.

>>25307893
You know it wont happen, it's a larp meant to derail our thread.
>>25307946
>>25307959
This is not metals related. Fuck off.

>>25307971
>You trailer park trash really are stupid
post a pic of you and three other people on a tropical vacation you paid for, chartering a helicopter.

then you might have a point. Until then Big Bob appears to be wealthier than you'll likely ever be.

>>25308018
I miss the SLV shill who was at least straightforward about his shilling. Now we have a severely mentally ill boomer with delusions of grandeur about being a millionaire who actually believes the shit he spews

>>25308109
nope, I'm a humble mining contractor that has verifiably made millions of dollars while you were shitting in diapers offering an insider's opinion on metals markets and mining stocks

you guys are the ones that derail the fucking thread every time you recognize me.

>>25308156
>he can download a blank template then fill in some characters
Do you want an award?

>>25308215
kek
want it timestamped? that's 10 fucking years ago, I've made another $4,000,000 since then. But I don't post some types of contracts. For reasons you're not big enough to understand.

Have 100 Oz of Silver in ASEs, I really value liquidity and ease of selling in what I stack, should I just keep getting government minted bullion or should I move to something else? I don’t think generic rounds are a good choice but I was thinking either 10 Oz Bars or Junk Silver. I live in New England so I was also thinking about stacking Canadian Maple leaves since I’m a few states away from there

>>25308215
>he can download a blank template then fill in some characters
also for the sake of curiosity

I will legit paypal you $500 right now if you can find and download a blank Freeport McMoRan contract template from 10 years ago. Not because I need one, but because someone that can do that would be very fucking useful.

ah yes another lovely day of usd down gold sideways and gold losing its shit as soon as usd goes up a little bit
LOVE THE FJCKING JEWS

>>25307662
>I spend cash, and get change. Im not going further than that, why tf do you not under fucking stand?
It's too much trouble to spend your money?
If you live in Canada (which I assume you must due to how many Canadian coins you have) you can simply spend this money or deposit it in any bank.
If you live in the US you can roll those coins up and take them to a currency exchanger. Even if it costs $5 in gas to get there and they take 20% you'll still come out with $13 USD which you can use to buy more Nickel than is contained in those coins and more than you'd make in an hour at minimum wage in most states.

>>25308235
>want it timestamped?
Yup, and you won’t do it because that means your whole LARP will come crashing down. But it’ll be funny to watch you make excuses for not posting a timestamp

>>25305885
Newfag here.
Why Bayhorse Silver & Callinex Miners?
These two are the riskiest out of the ones that you mentioned, and it seems Callinex is financially the worst.
Also, how can you label them as undervalued?
Is it based on expected future cash flow?
Their PE ratios are all negative. Does it not matter?

>>25308378
I'm going to block my business name, you decide what I block it with. I have $100 bill, a roll or Ritz Crackers, or my sunglasses

>>25305824
>>25307106
DYODD

>>25308442
Sunglasses AND the $100 bill

Alright I'm posting the silver chart and just got done making a gold chart but keep in mind its very amatuer so do some more research on it or if your great at math correct my chart.

>>25308574

>>25308416
P/E matters for producers mostly, and even for those it's not that important at current commodity prices as the expectation for bulls is that metals will go up. For explorers and developers, you'll have to do different valuation calculations like EV/Resource; free cash flow estimates; P/NAV; TAC. Look into the miner pastebin for details on the industry and the diffetent ways to valuate these companies.

Take everything written here with a grain of salt btw. I never accept statements like "they're undervalued" without doing my own DD and math if there is enough data for that. Sometimes you will have to speculate because there just isn't enough information to do accurate valuation calculations.

>>25308518
I already snapped the pic, you got $100 bill and my silver lighter. Hope this satisfies.

>>25308328
If you think you have enough 1oz for spare change purposes then you can try larger bars for lower premiums

>>25308460
I did.

>>25308650
Then there shouldn't be a problem. Buy more and enjoy.

>>25308347
>>25308235
Authorization of Extra Work Templates aren't exactly hard to find or make yourself. Nowhere on yours is anything that would distinguish it from a generic one that you just filled out.

>>25308731
KEK larp confirmed

>>25308731
give me one exactly like I posted on freeport letterhead and I'll make you a job offer

>>25308624
Look man. I get it. You want to be recognized or admired. I get it. I post pictures of myself on here all the time because I look amazing and have a legendary body. I'm the type of guy should be in movies. A godly physique and so good looking it's a crime. I want to be recognized just like you want to be for your success. The thing is nobody gives a shit though. You have your money and I have my looks but it's all just temporary and doesn't mean anything. I would even argue that the money means less because money doesn't mean anything. An undeserving retard can have money. Like your son for example. A gross retard who's "already a millionare" like you said. A gross retard being raised by a degenerate dad who browses 4chan and takes pride in the fact that his loser worthless son has a girlfriend, a personal fuck toy, and encourages that. A degenerate loser who hands his worthless son everything he wants. Gross.

Me in the other hand, that's a sign of discipline, perseverance, and a moral compass. You don't get to look like I do without extreme discipline. Unless you push yourself to the limit every single day. You don't get to squat 450 pounds unless you are dedicated and motivated towards that eevery day for years. Any worthless retard can have a million dollars in a month and fuck some random pig that spits out a worthless nigger brained child.

To actually look so good though that people stop you in the street or that women fight to get your attention? That's something nobody can take away and one that majority of people will never know. To be better looking than Bradley Cooper, Tom hardy, Johnny Depp, Jason mamoa Chris's Pratt or another celebrity of that caliber? Man that's something really special. A fat wife, two retarded kids and money is not something to be proud of. I respect you for your business though so I will not take that away from you. Running a business is a noble thing.

So what I'm saying is it's all meaningless and nobody cares dude.

>>25308684
OK mom.

>>25308684
Because nobodies ever done DD and still had investments go to shit. Wish I lived in your world.

>>25308839
>>25308839
this is really good pasta
if it's not pasta it soon will be

but it's true, none of that matters. Anon demanded proof and I posted a bit.

>>25308854
>>25308873
I actually don't understand qhy you're complaining. You've done your due diligence, you understand the value of the companies you invest in. And since you've done proper value estimates, surely you've bought undervalued equities. Therefore you should be happy the stock price is down, you'll be able to buy more. I for one would love it if my favorite miners stayed down. Bloody hate it when they pump

>>25308574
Chart is cool but flawed since it only takes into account .999 bullion.

>>25308917
I remember that was the issue with the silver chart and it didn't account for lower purities either and espeically like sterling silver. Tho for the gold it seemed like it was more of a theoretical guess on how much gold was made thru human history. they don't discuss purity and how far back they went but regardless even if you factor in lower purities all it would do is raise the ceiling for an individual to make it into the 1%

>>25308574
>mfw proud top 0.2% silver Chad

Why is the dollar getting slaughtered so much?

>>25309207
Fear of the $2K stimulus i guess? Not sure either, there are so many reasons why it should go down the gutter it's hard to pick only one.

PGM Chads, we made it.

>>25309478
I'm not a shareholder anymore but congrats to everybody who is! Toast!

>>25306000
>I'm also a gold bull but silver is not going to perform well, because silver is merely speculation.

what a fucking retard

>>25309207
So many reasons, the primary one would be the anticipation of the upcoming stimulus, which is inflationary, and the biden presidency looking almost certain.

Im definitely expecting the DXY to go to new ATL's in 2021.

If that globalist puppet gets in the dollar will continue to shit itself indefinitely.

>>25308839
the only question you gotta ask yourself is if you're stacking metal,

is it better to stack with $2k per month income
or $20k per month?
or $200k per month?

that's why I laugh at all you pathetic silver stackers. Not because you stack silver, but because you're so fucking bad at it. Stop concentrating on stacking silver and worry about HOW MUCH MONEY YOU FUCKING EARN. That's what decides the size of your pathetic stack. And once you make a quarter million in a month you won't care about silver or gold anymore. You'll know that the KNOWLEDGE OF HOW TO EARN is what matters. They can take your silver or gold but they can never take your knowledge. This is beyond most of you though. Because you've never gotten rich and you probably never will.

>>25309478
Why is that gold bar look like it's missing a chromosome?

Deflation fags are you ok? Will you tell us, if your ok?

>>25309754
purified incorrectly, poured cold, molded terribly, blicked early, tempered horribly, and finished for shit.

a child could pour a better bar in playdough. But maybe that's its rustic charm. But to be frank the ancient egyptians, greeks, and phoenecians all poured better bars.

>>25309754
Hastily poured to meet their Dec 2020 goals and maybe a lack of experience with their mill. Should improve over time.

>>25309807
no

>>25309858
Based Big Bob proving his professional knowledge once again

>>25309905
The Hussein bars are the worst pours

>>25309935
Nice stack anon

>>25309478
looks like a dark age copper ingot desu
Fucking bearish..

>>25309685
I know some forex fags that are stuck in a bad usd trade that’s getting worse by the day, I told them to get out and accept the loss but they are convinced a reversal is coming soon

>>25310019
on what basis? forex niggers are the dumbest people in this space. so dumb even /biz/ doesnt have a forex general

>>25309935
Roughly how much money is in this picture?

>>25310019
I could see a reversal tbqh. Nothing goes down all the time, even the dollar has to take a break at some point. No way it's going to go up in a while though because of the helicopter money

>>25310043
Pure hopium, they won’t admit the DXY is trending down. Yeah forex is the big banks territory you will never out compete them

>>25310019
The short on the dollar is immense. Even a temporary spike upward could cascade into one hell of a short squeeze.

>>25310053
In the billion range i'd adventure to guess.

>>25310077
>In the billion range i'd adventure to guess.
same
>>25309933
>Based Big Bob proving his professional knowledge once again
thanks. I have poured a few gold and silver ingots for fun and money

>>25309807
All you precious metal bugs are gonna eat your words when DXY goes to 200 next year. My savings are gonna be buying twice what they would right now and there's nothing you can do about it

>>25310138
>My savings are gonna be buying twice what they would right now and there's nothing you can do about it
most of the silver bugs itt doubled their money in the last 12 months. Get gud

>>25310138
i really do enjoy laughing at all you pathetic silver stackers. i own a savings account and i've been in the wageslave business for years. you will never make it no matter how many worthless assets you own

>>25310192

>>25310138
>>25310192
You boomers rub your shiny rocks with graven images that you can’t eat since it isn’t as tasty as stonks, bonds, crypto and real estate, all owned by the jews who manipulate the price so you only have slight price appreciation for stupid metal that has no intrinsic value that can’t be instantly transferred internationally and probably just faked with tungsten anyway even though it’s not an investment since deflation is totally going to take the price to $4oz. and wouldn’t even be worth anything in my hyper specific mad max scenario since there’s no historical record of gold being valued in a world without technology and will be rendered pointless with asteroid mining considering it isn’t even money but just a relic commodity with no real uses in a pointless hope that there will be a return to a metal standard even though the dollar is the strongest currency ever to exist and has no way of ever failing while paying schlomo 38% for physical premiums instead of buying SLV and GLD and missing out on the crazy returns from crypto.

>>25310222
>that you can’t eat since it isn’t as tasty as stonks, bonds, crypto and real estate
>he doesn't have a homemade eternal lollipop made out of a 999 pure silver coin taped onto a stick he suck on after each meal to kill germs and bacterias in his mouth and keep a lasting fresh breath
ngmi

>>25310222
C-checked
The memes are just stacked on top of each other lol

>>25310192
>>25310222
kek

>>25310288
Would this actually work?

>>25310192
>>25310222
>>25310222
>>25310293

>>25310331
Of course, where do come from the expression
>he's born with a silver spoon in his mouth
to your opinion?
It doesn't mean you are born wealthy, it means you never get sick.

>>25310163
>doubled my money in dollar terms but not in my local fiat currency
t-thanks

>>25310379
yeah sorry
in your world the dollar just went down
but that's good too

>>25310379
I mean imagine you wanted to vacation in Alabama (nobody does) or buy american products (we don't make any). Now your local fiat buys a better american service or product (which you don't want).

congratulations, you're alabama rich!

>>25310379
>he can get more silver bang for his bux and still complain
Jesus...

>>25308603
This is the last thing I'm posting tonight but got bored and wanted to see what the global debt would look like if it went to PMs Standard

>>25310524
Looks very bullish for silver!

>>25310524
you understand when global debt inflates any repayment in comodities deflates by 1000's X, so nobody who owns debt will ever allow that to happen, right?

debt will never be monetized in a single group of assets without absurd levels of violence because no banker in the world wants that.

>>25310565
>blocks your path

>>25310648
you got it

they're not demons or devils though. Just people that got rich off one system and will spend all their riches to keep that same sytem.
stack gold against the illuminate/jews/shadow government all you want.
they can afford to hire your friends to kill you. Not saying they will, but they certainly can.

Just placed an order for 500 oz silver. Taking some profits from btc run. Is this going to 100$+ an oz?

>>25305514
Can someone explain why the gold prices of gold are barely moving with all the money printing?

>>25310722
Probably not tbqh

>>25310918
mostly thank JP Morgan for the cheapies

>>25310918
Because 1 toz = 1 toz

>>25310995
Explain pls anon

>>25311039
Makes no sense, bitcoin is exploding while this boomer rocks barely move. I think I will just capitulate and sell this crap.

hi, im the guy who bought 80oz yesterday, i see regularly some of you fuding btc and saying it will go to 0. there is often no arguments with that, im aking you please to not be jealous or whatever, silver will reach crazy prices i believe it, so do Bitcoin will, someone said there is no intrinsic value in it because it doesnt serves to anything, yet gold utility % is low compared to its mcap that it doesnt even matter so thats not an excuse, for me BTC serves to lock value easily and safely, nobody can print more btc, prove me wrong

>>25311045
dont listen to every retard here, you probably will have more oz than he ever had, he is trying to stop u from buying it

>>25311067
well gold mcap is simply too big too expect that big gains, silver or btc is the way to go, gold is for keeping ur wealth stable

>>25311076
Deflationary currencies don't work. No one will want to wait 30 minutes for their transaction to go through on getting a cup of coffee.
BTC is basically people buying for digital entries on a privately managed public ledger. Most of the bitcoin mining is being done in China

>>25311112
i just told you that its role is to store value, not being used as a mean of payment, that fud is 3 years old cmon

Idolators

>>25311165

>>25311142
>i just told you that its role is to store value
No it isn't because of the volatility. The loss of bitcoins over time will mean no one ever wants to SELL them for anything.
There are other crypto projects better suited as actual stores of value or for high transaction speed. BTC is a boomercoin in a fundamentally technology space.

>>25311201
Imagine if you get dementia and forget your wallet passphrase

Silver miner anon and Pan Man: have either of you looked into Starcore International Mines in Mexico? 15m market cap, gold and silver properties, producing and exploring, and according to the (active) CEO chat, no debt and cashed up. The sentiment seems positive on management. I would love to read both of your thoughts on this company if you don’t mind.

>>25311201
yea its a low cap field, the volatility is there so what ? prices will stabilize someday just like gold,
>The loss of bitcoins over time will mean no one ever wants to SELL them for anything.

yes thats how the rich thinks, they keep the majority of their net worth in tangible assets, not fiat, only poors think already to sell it, nothing is going to replace it, its the numba one, the only who is being accumulated by the institutions

So what the fucks happening with vangold? when will it start trading again?

>>25311410
I’ve read ten business day, or “sometime in January.” So we may have a few more days to wait.

>>25311390
>yes thats how the rich thinks, they keep the majority of their net worth in tangible assets
BTC is not a tangible asset
> only poors think already to sell it, nothing is going to replace it, its the numba one, the only who is being accumulated by the institutions
Treat it as the speculative asset it is that has as much backing it fundamentally as any alt coin does. It is a stock with no underlying. Do not be dumb enough to treat it as a store of value.

>>25311410
Will start trading again once TSX gets their bureucracy done

>>25311464
>>25311659
i dont even understand why trading had to be halted, even with the announcement.

>>25311249
Relevant comment on Starcore from CEO chat:

“According to the last year's result, they produced about (229,830*30.49*0.5436/31.1035=)122,000 ounces of silver and (229,830*1.82*0.8767/31.1035=)11,790 ounces of gold. That production result can reasonably support a 100 million C$ of market caps. It is 2 dollars a share already.

They produced over ten times more ounces of silver than gold. The coming silver bull market will be a strong tailwind behind Starcore. The current silver recover rate is only 54.36 percent, which means there is a large space for improvement.

If the management keeps cutting the cost and improving the efficiency and step-out drilling for new resources, Starcore can be another ten bagger.”

>>25305667
That makes no sense... either its wayy to much gold or way too little silber.

Daily remember, it's easy to find silver junk near spot. Every old coin is a piece of history

>>25308156
Hey guys, its the arrogant person who only comes in to brag about how rich he is, had months to provide a picture of some silver/gold but never does post anything but a piece of paper!

the ppt is going to defend the 52 week low with everything its got today

>>25311249
Never heard of that particular company but i ll go have a look for sure.
>>25307843
Mornin Bob hows things?

>>25309478
best feeling in the world seeing the first gold leave a mine!

>>25312568
4chud is a cool place where everyone is a millionaire by the age of 30 and wonders why you aren't too, meanwhile in the real world the richest parts of the USA average maybe 150k for a 4 person household with average parental age of around 45.

But I don't think anyone would come on the internet and lie, that would be immoral!

>>25309478
nice! how many ounces is that bar?

>2500 shares sitting tight

>>25313071
You also realize that US has like 20 million millionaires (in USD)? How hard is it to believe that one of them is posting on a business forum?

>green on ccw after 4 month
Based, I bought the top in September. Was so pissed at the lack of news from management I didnt add to my position anymore, guess I'll do it even higher, stupidity has a cost.
>penny stock went x160 in the 70s
Do you guys consider penny stock as under 0.10 ? Or something like say Impact Silver at 1.05 with a 130 MC ?
>Dolly Varden is the best and cheapest call on silver
Isn't Defiance silver the best one ? QH/Bob say this regarding defiance, old mine, near a big vein etc etc.
>>25311076
>im aking you please to not be jealous or whatever
I'm glad you're buying, I'm not jealous. It is going to zero. I'm happy your stupid kind give me more time to get cheapies miners. Sucks to be you at the end of the story though. Thanks for helping me getting my financial freedom !

>>25310648
Weird Al knows

https://www.youtube.com/watch?v=urglg3WimHA&list=RDFOPsfaQRcbk&index=8

>>25306497
Melt value of 1 cents coins is now 3 cents. Melt value of 5 cents coins pre 81 is now 10 cents

>>25313282
They are disproportionately all boomers whose millions lie in their expensive house they bought for cheap 30 years ago.

Also since we both know you aren't one, I don't see why so many goldneet frens feel the need to defend fake millionaires.

fresh of the printing press for all real metalheads, silverchads, minerbros and even the stacklet starters - WAGMI

>>25312068
>>25311249

I'm looking at the mine reserves of San Martin Mine; I see only about 2.5 million ounces of silver in resources? Bayhorse has 7 million. (Although @fasttrack says "Also, oz in ground is misleading in San Martin's case, as processed ore has been progressively replaced through in-mine exploration for 20+ years.") Somebody says that the only problem with Starcore is that it is "has all the usual risks associated with miners that have a single producing asset in a non-tier-one jurisdiction." Seems that I'd rather buy Bayhorse in a tier-1 jurisdiction. Same market cap, and it should have all the momentum behind it soon. (as @silverguru says, "Most people only go by the narrative and momentum, the stock chart and what market commentators like a John Kaiser or a Bob Moriarty say in a write-up.") @fasttrack makes a point which I often do that, in a bull market, miners can trade at 30x cash flow. ("A well-known analyst told me today that Starcore would never trade anywhere near a 10x multiple due to the small size of the mine. So I looked at the history of Starcore's multiple during the 2016 gold surge. If you take the 80c share price it traded around for several months, and compare that to earnings for the relevant six month period (annualized), you actually get a 29x multiple. Today, it's trading at about 1.9x forward earnings.") BHS is also at 2x forward earnings if they would only prove production. I will take the chat's word for it that Starcore is undervalued, it looks like a really good stock, and unlike Bayhorse is a definitively proven producer, although I will continue to buy Bayhorse at an equivalent mcap. I see also that Starcore has run up 233% since Jan., whereas BHS is neglected at the same price.

>>25312068
>>25311249

I'm looking at the mine reserves of San Martin Mine; I see only about 2.5 million ounces of silver in resources? Bayhorse has 7 million. (Although @fasttrack says "Also, oz in ground is misleading in San Martin's case, as processed ore has been progressively replaced through in-mine exploration for 20+ years.") Somebody says that the only problem with Starcore is that it "has all the usual risks associated with miners that have a single producing asset in a non-tier-one jurisdiction." Bayhorse on the other hand, is, at least, in a tier-1 jurisdiction. Same market cap, and it should have all the momentum behind it soon. (as @silverguru says, "Most people only go by the narrative and momentum, the stock chart and what market commentators like a John Kaiser or a Bob Moriarty say in a write-up.") @fasttrack makes a point which I often do that, in a bull market, miners can trade at 30x cash flow. ("A well-known analyst told me today that Starcore would never trade anywhere near a 10x multiple due to the small size of the mine. So I looked at the history of Starcore's multiple during the 2016 gold surge. If you take the 80c share price it traded around for several months, and compare that to earnings for the relevant six month period (annualized), you actually get a 29x multiple. Today, it's trading at about 1.9x forward earnings.") BHS is also at 2x forward earnings if they would only prove production. I will take the chat's word for it that Starcore is undervalued, it looks like a really good stock, and unlike Bayhorse is a definitively proven producer, although I will continue to buy Bayhorse at an equivalent mcap. I see also that Starcore has run up 233% since Jan., whereas BHS is neglected at the same price.

>>25313706
Great insights here as always, thank you. Correct me if I’m wrong, but a well-managed gold and silver producer, that is also exploring, has no debt, and is valued at a 15m market cap is rare situation, right? Obviously there are better companies to invest in for levered gains, but unless I’m missing something (which is highly probable), Starcore belongs in the conversation of viable juniors worthy of an investment. What’s puzzling to me is why Eric Sprott has been reducing his position.

>>25313936

At a glance it seems that you have found a real gem here. Only thing I am not sure about is Starcore's reserves. @fasttrack is claiming that they always replenished them. But if you run out of silver, it obviously doesn't matter how many ounces you produce. The 1.9x trading multiple and 120,000 silver ounces per annum, plus gold, are both obviously extremely attractive. Only questions are, can the management keep getting new reserves, is the management competent, are there any problems with the locals or the place. Those are questions which I can't answer, because I'm not a mining insider, simply a speculator on these companies with quite as much knowledge as you have.

>>25313936

At a glance it seems that you have found a real gem here. The 1.9x trading multiple and 120,000 silver ounces per annum, plus gold, are both obviously extremely attractive. I am not sure about Starcore's reserves. @fasttrack is claiming that they always replenished them. But if you run out of silver, it obviously doesn't matter how many ounces you produce. Other questions are, can the management keep getting new reserves, is the management competent, are there any problems with the locals or the place. Those are questions which I can't answer, because I'm not a mining insider, simply a speculator on these companies with quite as much knowledge as you have.

>>25314092

>I am not sure about Starcore's reserves.

Although I suppose, on reflection, that they do have 1.2 million proven and probable silver ounces, which at 120,000 of production per annum is sufficient for a ten-year-long silver bull market.

>>25308910
Because this markets totally not manipulated. Surely proper DD will shine through.

Any reason for dxy bounce besides ppt?

Gayhorse mooning

>>25314179
Star Core seems different than other mining companies which own massive properties with multiple old mines, but they seem like a well-run organization. The combination of producing and exploring is enticing. Thanks again. This one is definitely on my watch list now, in case the price dips to a point that looks irresistible.

>>25313936

As far as why Sprott would sell Starcore, perhaps a small producer with few reserves isn't as appealing to him as it would be to us? We could make a fortune on something like Starcore, because we don't begin with billions, but Sprott might be looking at the limited amount of production and supposing that his upside is comparatively limited. He seems to like investing in these enormous packages of land (Mountain Boy Minerals 350 square km, Genesis Metals 275 square km, Silver Sands, which you brought up the other day, 600 square km), and then as the drilling results show more and more promise he invests an increasing amount of money into the company.

>>25313936

As far as why Sprott would sell Starcore, perhaps a small producer with few reserves isn't as appealing to him as it would be to us? We could make a fortune on something like Starcore, because we don't begin with billions, but Sprott might be looking at the limited amount of production and supposing that his upside is comparatively limited. He seems to like investing in these enormous packages of land (Mountain Boy Minerals 350 square km, Genesis Metals 275 square km, Silver Sands, which you brought up the other day, 600 square km), and then as the drilling results show more and more promise he invests an increasing amount of money into the company. People often say that he isn't in BHS because BHS is "only a small silver mine." I also remember Sprott saying that he enjoyed investing in First Majestic because he could really sink a lot of money into it.

Peter schiff is a conman

>>25314742
yep thats Sprotts strategy, he invests in projects that have massive land packages to build them up to a proven reserve than either cashes out or continues to a producing mine which than generates royalties for him.

>>25314868
>>25314783

Thank you Pan Man, glad to know that I wasn't imagining something.

>>25314726

Thank you very much for introducing it and for your valuable thoughts.

>>25314824
>father dies in prison
>clearly a cia asset
Wow it's almost like at a certain point you enter into mental gymnastics that require you to say that any evidence that contradicts your point of view is fabricated by an invisible force. I wonder if someone has made a name for this pathology.

>>25314925
its what he was trying to do with BGM before he started getting fed up with the management in Quebec. Frank Callahan built a massive land package of claims for an incoming investor to help pay for exploration work on, than he got booted and Sprott came in to upgrade the project. This worked for a while, but corporate in Quebec wanted faster results all the time and never even visited the project so Sprott cashed out most of his investment in the project and moved on, but still visits from time to see how things are progressing.

Kek, I sold Eloro (would be up 50%) because of socialist Bolivia and put the money into Silver One (up 9%)

>>25308762
You already owe him $500 pal.

>>25315115
You may be right in the long term.
>>25314925
>penny stock went x160 in the 70s
Do you guys consider penny stock as under 0.10 ? Or something like say Impact Silver at 1.05 with a 130 MC ?
>Dolly Varden is the best and cheapest call on silver
Isn't Defiance silver the best one for this ? QH/Bob say this regarding defiance, old mine, near a big vein etc etc.
thanks.

>>25315020

Thank you for the interesting story. I remember that, in the middle of this year, he unceremoniously dumped a stock called Gran Colombia Gold, citing issues with the management. Made the stock price crash at first, but, surprisingly, it has now completely recovered.

>>25308376
>It's too much trouble to spend your money?
Wha youre explaining is MUCH more effort, than just collecting the change handed to me.
Why cant you understand that? Are you fucking retarded? Its not worth my time to even bother with doing that.
Literally kill yourself.

>>25315173
from my understanding he only ever leaves a project if the management in corporate are an issue to getting things done, usually when hes getting situated on the ground in a project he will go through, ask the staffers on site about issues and such in confidence than clean house of any trouble makers. Than he basically goes hands off and lets people he brings in get things on track and checks in once in a while to make sure things are still progressing smoothly. Again he did this with BGM after the Callahan departure and it basically saved the project. He axed all the useless yes men and brought on new people.

Yall bought CLF right?

>>25315454
Nobody wants your bags, fag

>>25315170

Impact Silver is too expensive to go 150x at $50 silver, but it would probably go 150x at $400 silver. Impact should be thought of as an explorer, not a producer, but, even so, I did the calculations on their meagre amount of production (600,000 silver ounces per annum), and found that they would go 40x at $300 silver simply on the basis of that production alone. I mean without any production-upgrades or pricing in whatsoever of their enormous exploration-potential. I believe that VGLD will probably have gone 100x at $100 silver, when measured from the point where I was telling people to buy it. It's trading at only 1x projected cash flow as of the time of this halt.

>>25315170

>Isn't Defiance silver the best one for this ? QH/Bob say this regarding defiance, old mine, near a big vein etc etc.
thanks.

Instead of buying a piece of every $100 million+ Mexican silver explorer I prefer simply to go with Impact Silver, because of its size and venerable history. As a call option on silver I prefer Dolly Varden, mcap is still $60 million less than Defiance, silver territory is extremely historic, and company is located in a better jurisdiction. I'm more sceptical of DEF because it's listed as "Biggest" in the Silver Sitfolio, which makes me price in a pump. Although granted, DV has done a lot of advertising also.

>>25315402

Haha, thanks for the story. Yes, I remember your talking about this probably six months ago. You were explaining to people about the surprise visits which Sprott would sometimes make to the mining sites, striking fear into the heart of the management, and how he would try to set things right.

>>25314824
Peter Schiff is a CONMAN? holy SHIT! my whole investment thesis has just gone out of the window! IM FINANCIALLY RUINED

Why is 1890 and 26.50 being defended so hard? Kinda weird numbers

>>25315758
yea he loves doing quick little surprise visits to places to catch people off guard. A couple months back he did that to BGM again, managed to sneak himself and some guys up to the Bonanza Ledge. It took security 15 minutes to notice lol.

>>25316431

Haha, it makes me happy to hear a story like that which is so recent, must have been amusing for him and it amuses me to hear that this sort of thing is still going on his age. I've been very worried about him because of his situation with his sick wife, hope that things turn out all right for him.

>>25316431

Haha, it makes me happy to hear a story like that which is so recent, must have been amusing for him and it amuses me to hear that this sort of thing is still going on at his age. I've been very worried about him because of his situation with his sick wife, hope that things turn out all right for him.

FCX is exploding today. I’ve made so much money off this company and it just keeps going. Rumors that Barrick is looking to takeover this year.

>>25316538
that would be a massive takeover. Barrick is already one of the worlds leading miners.

>>25315454
I shorted it because you shilled it.

I had a limit buy order on FWZ for .95c dated until late Jan.. looks like I might have to be greedier and lower it to .90c

Is there a comprehensive document/video detailing JPM's silver manipulation? I don't care if it's 3 hours or whatever, I want a thorough explanation though. It's something I have taken on face value up until this point just because "they have short positions."

>>25316671
Yes it would. There were rumors of it a couple years ago, but Rick Rule recently hinted that it’s back on the table.

wtf, who would sell Scottie? down 3% today, getting tempted to buy more

>>25308156
Did you never have any assurance when you were a kid? Neglected a lot? Need strangers to help boost your ego?

>>25316538
I’m always on the wrong side of a takeover. FML

>>25308442
>ritz crackers
The literal cracker of the gay interracial Christmas. Pic related is you.

>>25317475

GATA gives some of the most in-depth research. Three good places to get an overview are,

Arcadia Economics, "Andrew Maguire Explains Gold and Silver Manipulation on COMEX" https://www.youtube.com/watch?v=bKLQGJ_GGZk

In this video, Andrew Maguire explains how he conclusively proved silver manipulation as a whistleblower.

Arcadia Economics, "Bart Chilton Confirms Silver Manipulation and JP Morgan Short Position" https://www.youtube.com/watch?v=ShZrgZEq1Yo

Bart Chilton, Commissioner at the CFTC, did this interview shortly before he died, probably as a death-bed confession. He explains exactly how the manipulation is done, and who is responsible for it.

See also

Craig Hemke, "When shorting stops, silver pops": https://www.youtube.com/watch?v=9EOPKizJ_Y4

See also any news article which deals with J. P. Morgan's $1-billion-dollar fine.

See also "Deutsche Bank Trader Admits To Rigging Precious Metals Markets" and the leaked conversations involved.

https://www.zerohedge.com/news/2017-06-02/deutsche-bank-admits-guilt-fraud-conspiracy-rig-precious-metals-markets

>>25306303
caveman tier but potentially genius

I was late for Klondike now I'm late for Nicola. Fuck my life. Hope it dump soon a little bit with Silver consolidating at 26.

>>25313398
>best
No such thing, everybody can come to their own conclusions. Many great plays around to choose from

You bought CLF right????????

>>25313654
I get the Renaissance vibe you're going for. Kind of crowded and busy as an image but I like the effort

>>25317950
Also late for eloro. +61% in 2 weeks.

>>25317950
I bit the bullet and just got some at 0.135CAD
Bought half of what I'd have bought had it stayed at 0.11, but at least I got some

>>25318014
Wiener

>>25317950

NIM is neutral today, some strong gainers are Eloro (+13%), Impact (7%) and Genesis Metals (7%).

Everybody seems to be flocking into Genesis Metals now and discovering how undervalued it is, I think that it's going to take off soon. Feels as if everybody on ceo.ca is choosing it for the stock contest.

>>25318014
Stop shilling the top of your dog shit stock.

What's in your poorfolio /pmg/

>>25318128
Meanwhile the NIM channel on CEO is barren.
When people start talking on there is when it's truly late

>>25318155
I bought CLF this morning, up almost 4% since the opening bell. He might be a shill, but like the UUUU guys, he's made me a little money.

>>25316671
>>25317515
What effect would an announcement likely have on Barrick stock?

HE DID BUY CLF RIGHT????

>>25314438
Weakest cope ever lmfao

>>25317820
Awesome, thank you.

>>25318174
dollar amount is not exact since I just converted from my national currency in my head
>B2Gold Corp $500
>Barrick Gold Corp $3200
>Cameco Corp $800
>Global Atomic Corp $1200 (didn't buy much originally but up 162%)
>Newmont Corporation $700
>Rio Tinto PLC $200
>Uranium Participation Corp $300
really hope uranium dips a bit so I can accumulate more before the 1000x moonshot
all in all pretty comfy tho

>>25317950
>Nicola
it's unchanged today fren, and only up 21% since based silver miner anon brought it up recently, seems like it has a lot more room to run

>>25318190

I think that most people must be scared off by NIM's debt. I wish they still had their old name, Huldra Silver. Treasure Mountain has so much potential. I looked at their 2012 report and counted 30 million ounces of silver, extremely high-grade. And the mine is permitted, as is the mill. It's so rare for a junior miner to be ready to produce in an instant, without any legal troubles. Once people get over the fear that NIM won't produce cash flow, and will dilute their shareholders forever, or go bankrupt, I have to presume that the stock will soar.

>>25318174
>1k5 IPT
>1k VGLD
>500 CCW
Next buy for febuary, 1k5 IRV. Then 1k DV in March. Don't know what's next, LIO and ELO are on moon mission, probably too late. Will have to find something else at that time.

>>25305514
Do you think MUX could be a good buy currently? Is there any upside potential there after all those setbacks or is it just buying a bag at this point?

>>25318049
what's you exit strategy with Eloro? I'd watch an explorer in a socialist country closely so you don't get rug pulled

>>25318489
Looks like a very solid major folio!

>>25318666
I own it and keep buying. Might not move for a while, but I still expect it to 3-4x at some point.

>>25318715
thank you sir

>>25318704
no exit strategy, betting on the fact it won't get Staline'd. I'm living in a country with 30+% on capital gain, you don't get out of position for no reason. I plan to hold my portfolio for 5 years at least. If Eloro keep mooning, won't buy it, I will however probably bite the bullet for Lion One.

>>25318624
You'll have to look for many miners if you're thinking about what to invest in in April. Share prices will have changed a lot then so it's good to keep an eye out for new bargains too.

>>25318704

Even Canada and America aren't necessarily safe. Canada is going to hyperinflate earlier than any other country, and America might descend into secession and civil war. Mexico is also treating miners unfairly lately (see what just happened to Almaden Minerals--it was absurd). One reason why I own my Eloro shares is precisely because I want to diversify, and not have everything in the USA, Canada, and Mexico.

>>25318794
I have a small capital to work with, 10k, so the company I can invest into is limited if I want interesting gains. I will get DV, BLLG and IRV before they moon. If LIO and ELORO pump too high, I will indeed have to watch out for new company or just take some from the uranium side since I don't have any.

>>25318128
>>25318568
I'm trading penny miners from Canada on FRA stock exchange so its delayed, Nicola is up 20% today... It's funny because it dipped lately to 0.065 euro which is 0.10 CAD while it bottomed at 0.11 CAD on TSX

>>25318666
They diluted their shares recently to fund some discovery work. What they find will probably be the make it or break it for this stock going forward. God knows I've been bleeding enough money on them.

I have seen a lot of posts, especially recently, where people have commented that just because a smallcap mining stock has gone up 3 to 5X in the past year or so means they have missed out and should not invest. I don’t really understand that mindset. These mining stocks are still very undervalued and the large majority of investors are not looking at this space at all. There are still enormous gains to be found in the juniors by investing in solid companies with proven assets in the ground. The number of sub-30m market cap miners that actually have potential is already very small and is shrinking. We still have a lot of room to run even in some of these larger companies. I just don’t want people getting discouraged trying to be among the very first to discover an unheard-of penny stock.

>>25319080
I understand very well your post. I mean, people are still putting their money in teck stocks and crypto, we are kind of the smart money. But it is still offputting when you see something like LIO at 235 MC or Eloro going 60% in two weeks, you feel like you missed out honestly. You're right though, we should bite the bullet since its still very early in this bullmarket. Complaining about not getting in a sub-200 MC, a luxury in todays clown-world, looks childish.

>>25319080

I completely agree with everything you say, the gains in this miner bull market will be enormous even in the well-known producers. But I'd add that the attraction of looking for the few worthwhile microcaps is that they _do_ still exist, and afford enormous opportunity. There will be a time when the ridiculously cheap opportunities don't exist any more. If you bought Klondike at a $10 million market cap, you will make 10x when it goes to $100 million, but if you get in today, you only make 2x. When it goes to a billion-dollar market cap, you will make 100x, but the person who bought today only makes 20x. Still a lot of money, but I'd rather hunt for the 100x than the 20x. Or again, I'd rather make 1000x than 200x.

>>25318424
Idk why but Barrick is pretty beat up, it owns all the best mines in the world. Must be some Jewish shit going on

>>25310138
>DXY goes to 200
LOL. The USD has never doubled in purchasing power, not even the days when it was strictly backed by specie. In the post 1971 era, you'd be lucky to get ~30% which only happened during the span from just before the 2008 crash to years afterwards.

Did any of you buy StoneX silver? I'm considering buying lots right now.

Metal detectorist hits the jackpot
https://www.youtube.com/watch?v=BG1XOwOLbyI

any book recommendation to learn about mining stocks?

>>25319315
Excellent points here. I just have experienced, in trying to find additional viable microcaps, that you can get frustrated when you continually encounter shell companies, bankrupt companies, questionable management, outright scams, or companies with no permits, poor territories, etc. I am surprised that, for the few times I happened to stumble on a Starcore or Pacifico, there were many more companies that seemed all risk and no reward. There are still diamonds in the rough to be uncovered but it takes a lot of time and effort to find them, which can be discouraging for some.

>>25319330
>it owns all the best mines in the world
it's mines are drying up. if they don't find new sources soon then they won't have anything. people have been beating up barrick for this problem for over a decade

>>25313398
made an entire wall text, retains only the emotional part of it, tells you everything about the anti-btc, stay poor

>>25320590
Everyone's mines are drying up though. It was going up until people started fudding them over geopolitical risk. And nobody from outside wants to invest in any of these juniors so the only company that has cash on hand (because their mines yield like double their input costs) and is going to use it is Barrick.

Mining investors act super strange IMO. They put all their money into overpriced growth stocks and not into micro/small cap projects or reliable producers.

>>25320325
Wow, epic find. I wish there was a close up of the coin at the end

>>25320574

I don't know of very many "sure" microcaps which are left; if I did I'd share them with /pmg/. I remember your asking me a couple of months ago about any other microcaps I knew, and I told you that I did know of a lot of microcaps, but I didn't know of any ones which were better than what I already owned. (See screenshot.) So I chose to concentrate myself heavily and put 10% in Vangold, 10% in Klondike, 10% in Eloro, etc., which turned out to be the best decision. I have brought up BHS a lot lately and made the strongest case for it I can, because I really believe in that stock. Also always defend Silver Spruce, even though I qualify it as being more of a gamble. Starcore looks promising. But I feel as if, soon, the only things that will be left are $20-30 mcap drilling companies like AZS and MTB, which are just as much gambles as neglected value-investments.

I always speak of a few positions as being "core," SVE, DV, IPT, because I know that those can always be depended on to react to the silver price, and I know that they are sound junior silver companies, despite not being microcaps.

>>25321285
AUNFF has done me good but AOTVF is really outperforming my expectations. Bought in at 87 cents and I'm almost 50% in gains.
WHY DIDN'T I BUY MORE THAN 1000 SHARES AHHHHHHHHHHH

>>25318014
Wow you’re back to where you were a week ago before the dip and when you had to average down. Lol. You will not be a millionaire from that stock, I’m sorry to report.

>>25320908
yet barrick is only losing me money, no matter if gold go up or down, all the stock does it going down, i'm so tired of holding this shart company fren...

>>25320590
pic rel, it's a global trend no one can stop. We simply depleted the planet out of it's gold and there's almost nothing left. It's even looking worse for silver.
I can't tell if it's bullish or bearish for miners... Both i guess, the only winners will be the ones with the best concessions. Gonna be full casino.

>>25308574
>>25308603
>>25310524
Thanks for this anon.

Once more they head to 1900, refusing to kneel. JP Morgans dismissive annoyance fades for a microsecond revealing abject fear, quickly replaced by fury. How dare they..

>>25321391

Buy Ascot's neighbor Scottie, still a bargain, and approved by based Pan Man, and has a Sprott position

>>25305514
Are there any mining companies that pay their dividends in physical gold or silver?

>>25321717
What trading platform are you using? Is it think or swim?

>>25321285
Can you look into OTSO and see if I'm being bamboozled?

They recently got US$11m equity financing which should allow them to restart a previously operating mine in Finland. They are trading and issuing shares & warrants at C$0.05 each. They planned to open it last year and were stopped (they say) by covid not allowing auditors to travel to Finland to look over the books and equipment/facility. They since have claimed they have the financing to restart the mine and have worked out agreements to delay debt repayment (debts owned by shareholders, the equity of which was obtained by previous management fuckups). They seem to be continually working on drilling programs and a mine plan.

The thing about this property is it's produced gold before, it has on-site equipment and materials, the proper permits to operate, and a refining facility but it seems like they are cleaning up a lot of the previous mismanagement and these VC sharks keep coming in and making shylock-tier loans that eat up a bunch of the equity. In the most recent one, some Russian guys out of Cyprus bought close to a majority stake in combined common shares and warrants. I checked Sedar and the outstanding paper (after Russian investment) at C$0.04 (current trading price) makes it valued at C$37,089,060 and all the cheap paper is being sold at C$0.05. Both are valued less than the actual assets in their recent financials. Their current yield estimate is they can mine and process 1.54g/t at 600t/day for decades. Finish royalties are negligible, AISC estimates were around $1000/oz IIRC

What worried me is the management keeps making financing/deals where they win no matter what. They are getting top up shares and big yearly compensation and so on.

>>25319008
There are plenty more greats out there ;)
I'll list some more that you might want to look into, it's always good to have options.
BRC, DEF, ME, MGM, AOT, NHK, GRSL, MAW, LAB, NGLD for example.

Look into some of them, maybe you'll find something you like!

>>25321888
I can't take credit for making the Sprott screenshot, I just circled Scottie, don't know if the Sprott pic came from think or swim

What's the next move for silver (SLV) I'm starting to get bored with the lack of volatility

>>25319080
This is entirely true. The mindset of avoiding stocks that go up is for people who don't know how to do valuation.

>>25306000
>Silver is mostly mined by people who couldn't care less about it
I know I hate it when I’m pulling dollars out of the ground but also getting cents

>>25322197
From the average trading pattern, down. No doubt about it unless something triggers a bull pattern up since it was trading in range fr the average to go up.
Is there any uranium resources for me do harvest? I have 155% gain on UUUU and I need some resources to know when I can pull profit to go back in again.

>>25321944

I'm not a mining insider like Pan Man, so it might be dangerous to ask me for an opinion, since I only have access to the same public knowledge that you do. All I can say is, people seem absolutely disgusted with the management, and it isn't whining about enthusiastic misdirection either, as in the case of BHS after their acquisition of the gold properties. It looks as if people are accusing the management of being predators. I remember one reason why @oldbanker really likes Silver Spruce is that the management are frugal with money and "don't splash out on salaries etc." There is another company called Monarca Minerals, a silver junior, which he got out of, citing these as his reasons:

"I am gone here. Company has no cash and wants to finance"

"With north of 200million shares outstanding, this thing has not enough resources in the ground to have a substantial rise. High cash burn rate (god-like salary).. nah, not my kind of stock."

"What a dilution machine this has become! Insiders dumping, naive imvestors buying... Ouch."

"I was right, the insiders are laughing all the way to the bank. I see no real potential here. Massive dilution, Tejamen chances are at around 0% and San José was bought very very cheap recently... Compensation for CEO is stellar... Nah... I warned you."

The very fact that you have doubts about this stock might be a reason to drop it. If I really thought that Frank Basa (for example) was a predator, I'd drop CCW; it's only because I believe that the people in the chat are whiners that I continue to hold.

>>25322197
To the moon.
Investing.com just published their articles for what they believe to be bullish for 2021.
Silver was literally on top of their list..
Imagine the millions upon millions of NPCs and robinzoomies who will read this article.

https://www.investing.com/analysis/outlook-2021-part-ii-usd-depreciation-bullish-commodities-recession-risk-200548969

Pulled profits. Waiting for a dip back since it is consolidating.

>>25322426
>>25322253
based, how much of your PF is in uranium ?
>>25322112
thanks, will keep this on the side and look at it.

>>25322302
What's the deal here

>>25322311
When everyone is bullish bear patterns have a tendency to come out. Unless you're referring to physical silver/gold stacks, maybe real estate, I will never be 100% bull on anything long term positions.
>>25322253
I don't deal with resource companies a lot, I hold a bit of CLF. But from what I can tell your call on UUUU consolidating (>>25322426) looks to be a solid idea. There's not really a lot more up potential and the low volume is off putting.

>>25322463
1.53x. Fantastic trade. I have some Sqqq as a long short covering with overall short position.

>>25322574
This giant green candle stick is getting me real worried on the 1 month, and I am waiting for it to be pulled down to at least $3 to load up.

>>25322577
sorry but I didnt get your answer. What's the % of uranium in your portfolio ? I may be retarded.

>>25322656
153%

Look at that split lol

>>25322521

SSE has an $8 million market cap (barely above a shell company). Their flagship property is called Pino de Plata, which literally translated into English means "Silver Spruce." Presumably a name which was given to it by the locals because of the silver there. "The geologist who conducted the field work and wrote the NI 43-101 estimated the potential as being up to 120 million ounces of silver (and additional amounts of gold, lead, copper and zinc)." The stock is down only because of a dispute to do with land-ownership and drilling, but it looks as if it will get resolved soon. The stock is fairly derisked, because SSE also owns several other promising properties which would already justify the market cap, especially El Mezquite and Melchett Lake. But if they really can prove the existence of 120 million silver ounces, it's going 10x. I believe that it's an educated gamble now, which is why I have established a large position, although if it doubles or triples in anticipation of drilling-results, I don't think I'd recommend buying it any more.

>>25322708
Might bounce off of 4.17. Seems like it is hovering between 4.83 and 4.07 on the fibonacci in the 4hour. If it hits 4.17, on the moving day average and goes below it, look at fibonacci level at 3.62. If it falls below it to 3.24 or $3. Buy hard.

>>25306263
you still scouring BIN listings for sterling? I used to get lucky with that method but after this recent run up in silver I find it nearly impossible to find shit for $20/oz (before factoring in refining fees)

>>25322869
in terms of options would you recommend $4 Jan. 15 puts?

>>25322253
I've some U companies in my backlog, I can list some for you. Up to you to DYODD of course
PLU, EU, FIND, NXE, SYH, UEC, AZZ, DML, FCU for example

>>25323326
>EU
>not mentionning UEX
ngmi.

>>25323097
Not much lately, been more focused on filling bags with miners but I still gobble up deals here and there. You got any nice scores to share?

>>25323326
Gotcha.
>>25323283
I do not option call. I am not an expert in this field or good with timing the market. I am looking at the pattern and where it can go. My sentiments are like >>25322574 with the commodities super cycle. I just feel like short term in the intraweek trading. Going past $5 for UUUU is too soon.

>>25321944
Hi, Finnish anon here. I don't usually spoonfeed much but since this is on my home turf (probably up north in Lapland) I can make an exception for you. I'll get home in about an hour or so, I can skim through the company then. The quotes posted from ceo.ca that silver miner anon (>>25322302) posted don't really consitute as enough evidence for me, I like doing my own work. I'll get back to you, hang on for about an hour

Its not too late to buy CLF

>>25323512
>Twitch
>Robinhood
>No candlestick analysis
>No moving day average
>Range trading
Sure.....You do you.

>>25323377
These are just companies in my backlog, haven't done DD on any of them yet because I focus on pm's right now. Also I'll do my own research instead of just looking at comments by the ceo.ca guys.

>>25323512
how much higher is CLF even going to go? Seems to be running low on steam.

>>25323474
Thanks fren

Don't worry guys. I got the next bread.

>>25323633
> how much higher is CLF even going to go?
It’s going to dump as soon as you buy it because the faggot is looking for someone stupid enough to buy his bags

>>25323912
Jokes on you I've already bought

>>25323790
We are in good hands guys

>>25323950
Kek you’re going to be holding those bags for a long ass time

Again, if you want to get first on the next one. Refresh like crazy when you see page 7. It is always customary.

Shill me your best junior

>>25324370
Bill 'Buy the dip' Mitchell. Such a meme.

>>25321477
Barrick still pays an OK dividend. It has plenty of cash on hand for acquisitions, so it may be smart to hold barrick and juniors for double profit taking

>>25318119
>c u t e
she could hold my weiner, if you know what i mean

>>25321477
I think when we get gold back around $1950 the money will flow into Barrick, Kinross and other top gold miners bigly and we'll see a quick 20-30% jump

>>25324370
Come on at least be humble when you beg

How many countries make silver coins? I've thought about trying to buying one from several different ones, especially ones you don't see as often on the bigger bullion sites.

>>25321944
Right, I'm home. Before I go into the company, mind telling me why you're so interested in this particular one by the way?

Oooh first majestic silently mooning today, by far my largest position.

>>25325492
Nice, glad to see they're finally getting back from their tax pit

>>25325492
>Oooh first majestic silently mooning today, by far my largest position.
Yesterday too. My limit order didn't fill yesterday ;_;

>>25325722
It is all about knowing how to time the market.

>>25325434
>How many countries make silver coins?
Depends on what kind of coins your referring to. A lot of countries made Silver coins for circulation that never made any modern bullion coins and a lot of countries make modern bullion coins that never circulated any Silver.

Did you guys capture some profits here? Seems like miners have been pumping while metals are crabbing, are miners just leading metals?

>>25325722
You should've anticipated the pump yesterday, US exchanges were open in Monday and many miners pumped. CA exchanges weren't open on Monday and the pumps were expected

>>25325460
I stumbled on it randomly last year when I was looking at juniors to invest. The appeal is that all the capital required to get the mine running and refining the ore into metal has already been sunk into the property by previous investors/management and it was running at one point. The mine failed due to too much debt. The idea is that with the debts now renegotiated and a new mine plan to mine the more profitable grades first it will be able to get ahead of it's debt and be a reliable and profitable producer, making the property worth far more than what it's trading at right now. It's trading at about C$40m when you take into consideration all the full potential dilution of the equity.

>>25325907
They do at times. Think of it like silver volatility 50x to gold,

New bread

>>25325979
>>25325979
>>25325979

>>25325907
I'm doing pretty good today thanks to SILJ, up over 4% total.

>>25325933
I'm glad you know something about the company already. I like helping people who do some DD of their own. I'll skim the company and see what I think of it.

>>25326026
I would just like to note that despite my ID, I have never used a pawn shop before