/biz/ - Business & Finance

>>26027703
Yes.
Gold bugs will tell you they are great and they found the secret sauce mining stock but in reality majority of them just crab and the few low cap stocks that get pumped and dumped underperformed compared to other penny stocks or the shittiest shitcoins

>>26027703
Mining stocks are cyclical pump and dump schemes, every professional gold investor and insider will tell you that.

>>26027968
>>26028144
I feel like I got played, desu. I'm in some now which I made some modest gains on, but had I just gone all in on some other stocks I had strong convictions on, I'd be up so much more. I realized this more and more as people in /pmg/ started posting photos of their portfolio and they have a fuck ton of different miners and like $5k total invested. REEEEEE

>>26027703

>>26028886

>>26027703
I put 20% of my net worth into mining stocks in july because of that autistic mining stock anon who was making thr rounds back then. Have lost out on hundreds of thousands of dollars of potential gains because I fell for his bullshit instead of just buying more bitcoin.

>>26028961
Never listen to those retards when it comes to investing your money, all they will ever be good for is buying shiny boomer rocks

>>26027703
There's going to be hyperinflation tomorrow nerd
And every woman on the block is going to fall down to their knees and suck me off because I have some silver in my mattress.

>>26029326
>There's going to be hyperinflation tomorrow nerd
You silver faggots have been saying that for decades now, it will never happen

>>26029326
Eh, guess I should wait "2 more weeks" to sell, eh?

>>26029398
You WILL apologize one day

>>26029398
Already happened/happening faggot. You're watch social cohesion break down as we speak.
>>26027968
>>26028961
Cryptofags are grifters off all the arguments goldfags have been saying for decades. Only by shilling their faggotry with the backing of MSM, they're just prolonging the failed system. They deserve the rugging they're gonna get.

Long AEM. You're welcome.

>>26030114
can you include: "car note" on this, too, please, negro? I'm tired of the sky is falling narrative peter STIFF and others have been talking about for years. I fell for the bait now I'm holding a previous generations' bags who got sucked in last crash.

>>26027703
they kind of are, and kind of aren't. I've seen some pretty good returns on paper over the last year of silver and gold juniors, with shares and calls both. But much of the issues I've had comes with learning how to buy and sell properly. I figure these are valuable lessons, and I'm basically at breakeven over the last 7 months.
The thing is, the thesis of a macro pivot away from risk-on assets to commodities and precious metals makes sense, no matter what way I look at it. It seems like I've been learning how to play in a crazily over manipulated market where long term bullish sentiment keeps me in the game and where I learn how to trust my thesis for 6 months against all evidence to the contrary, losing a few percent a day, and then boom breakout for a few weeks and wow I just 2x'd, and then oh shit, I didn't sell and now the manipulation is back in force.
I'm in this to learn how to speculate effectively, because I believe that will give me the best returns in the long run. I learn the most when I lose. Precious metals and juniors and all that offers significant opportunities for both, and I'm learning to be much, much more conservative and long-term than I was with crypto. Really important stuff; I believe this year, though my portfolio is down (let me check), yeah, down 10% on the day, will be a great year, and that I've been really blessed to have the experiences over the last year that have come with the metals market. Dudes, so much learning, it's great.

>>26030236
It's not my fault you're retarded. If you believe in ratio trading and asset cycles, you should have recognized what's overpriced hype, and what still has runway left to fly.

>>26030329
this is an interesting take. thanks for sharing, anon. how many ounces of gold to subscribe to your newsletter?
>>26030542
when the (((banks))) control the gold and silver markets, it's a bit hard to get the edge up on them, now is it? I guess "trading" these stocks makes more sense than buying and holding.

>>26029916
>>26030114
If I say “Hyperinflation” enough times, it might just come true!

>>26031072
>>26029398
>>26029699
It's almost too late cryptofag. Peter Schiff was right in 2008. It would've crashed but federal reserve banks started exporting inflation with swap lines. Now the reckoning has arrived. You have been warned.

>>26030866
Yes, the Banks are in control of PMs, and weaponize it against the government. That's one of the greatest secrets people don't understand, and actually another reason I'm bullish on the price going up much higher this decade.
https://www.zerohedge.com/news/2020-12-17/gld-10-k-omits-critical-gold-holdings-data-gld-cfo-leaves-1-day-financial-year-end

Right now the European Central Banks are challenging the London Exchange (and by extension the Comex) on the validity of their Gold supply, and were granted a extension to 2023 to audit themselves.

Here's a dip for you fucks

Buy Aurcana silver corp or stay poor

>>26027703
I hope one day I can own a bar of gold. I know I won't get pussy anyway so at least I want to hug my bar of gold.

>>26031252
fuck aurcana. I held that shit and sold for barely any profit after they diluted. absolute shite company, and not pumping your bags so you can exit.
>>26031211
checked. what kind of miners do you hold?

>>26030866
bullshit's always free.
Two major factors currently drive gold & silver markets, and commodities only deal with one of these: 1) near-state market makers dictating sell pressure to the market, and 2) supply cliff.
If you play in the first, you trade. If you play in the second, you hold. These are not mutually exclusive options. After about a year, the timing of number 1 has become somewhat predictable just because of its inevitability. There's a retard huge short position getting dropped 1x/month, and usually some nonsense from the gov't that the market takes as a sign 1x/month. Between these, the gains of 3 weeks of continuing buy pressure are almost entirely erased. Buy some calls after the red dildos when IV takes a breather, sell after a couple weeks before the next retard run.
If I'm right this time around, I make 2x by valentine's day. If I'm wrong, I lose what I've allocated to options. The profits go to increase cash holdings and stock.

>>26031186
>It would've crashed but federal reserve banks started exporting inflation with swap lines.
Ah yes, here comes the schizo theories to explain why your shiny boomer rocks aren’t $999,999,999,999 an ounce

>>26031271
Based

>>26031439
Can you read a graph?

>>26031617
Nobody gives a shit about gold anymore so that graph is meaningless

>>26031670
>USD is worth almost nothing in terms of gold
>Nobody gives a shit about gold anymore
>Gold has done better than the stock market

>>26031670
>https://www.kitco.com/news/2021-01-12/Russia-s-gold-reserves-surpass-its-U-S-dollar-holdings-for-first-time-says-country-s-central-bank.html

You mean US treasury is forced to sell their gold reserves to keep up their scammy and shady monetary system? Then you are right. Gold will be always be #1 fiat hedge.

>>26031252
WOW what a shit company. You are literally a fat faggot climbing up the first tiny hill you see and going "this is where I'll make my stand" meanwhile everyone else in tribe is miles ahead of you and climbing bigger mountains and a shit storm is about to rain down on you.

>>26031412
GPL, Ascot, McEwen (bag holding) to name a few.

>>26031417
>The profits go to increase cash holdings and stock.
which? just a total market fund?
>>26032609
I'm holding GPL as well but either they dilute after this purported "merger" that's in talks or they moon. I'm probably thinking it's the former though.

Hey this could be Mining Stock General /msg/
What do you think? Seems like there's enough interest