/biz/ - Business & Finance

I'll miss all the comfy thread we had boys. Hopefully you guys have been loading up the bags before the crypto refugees come here. We have been preparing for this day and WAGMI.
Now we just wait till our commodities give a pump and let the normies roll in. We have done the DD and know what will play out.

This fucktard OP couldn't even link the correct previous thread. Consider roping yourself faggot and never post a /cmmg/ again.

Once Bitcoin hits under 20k and silver gets to $30 we will see the real action begin. We have seen consumer confidence hit all time lows. Last time this happened we have seen a dramatic PM bull in the 1980s.

>>49579401
Lol, these threads have been dying because of crypto crashing. Idgaf anyway.

>>49579330
Based and it's been a pleasure suffering with you all for the past couple years.

lmaoing at my IRL friends who were telling me to get into Bitcoin at 60k but I'm glad they weren't all in on crypto and listened to me enough to take small positions in things like Rio Tinto at the very least.
I'll make it enough to be able to help the people around me who I care about and who need/deserve it. Hope you all do the same.

>down 27% on 2x wheat ETF

>>49580240
Do you think it's too late to take a small position in Rio Tinto now?

>>49579267
Anyone like FCEL? I think hydrogen will be big in the future, and I think producing it with natural gas or biogas from waste is better than producing it with solar

>>49580572
no. its dividend paying so you kind of win either way. That is assuming inflation actually slows down in the next 2 or so years.

Its the alpha generators that will be the most successful. Like why would I be selling PRQ right now when my math suggests I could easily see another $3-$4/share? because I have rules and sales targets. I'll take profits at +120%.

the game never stops.

>>49580572
A quick glance at the chart looks like a decent pullback sitting around support levels so you're hardly chasing green candles if you buy now.
Personally I don't even hold it because my metal positions are all much smaller companies as I have a higher risk tolerance. I'm hedged with my "safer" positions in other commodities so even if all of my risky metal miners shit the bed or just don't move for a while longer I still won't sink. I'm way more bullish on energy in the short term.

If I was interested in majors I would be looking at Rio and Hecla, two of the favourites here, but I'm really no expert so please don't take my words as financial advice. If you don't know anything about any of these companies and don't plan to look into them then ETFs might be a safer bet that isn't straight up gambling. There are much more informed anons that I at both the fundamentals of these companies and TA in general so hopefully they can help you more, and take anything I say with a pinch of Atlas salt.

What aggregate companies do you like? Is vulcan the best choice to go long concrete? A small concrete recycling plant just resumed business near me. They only fire up when they can actually make money so it seems like a good indicator

>>49580982
That’s a good strategy. I have a slew of risky ones (AZURF, BLAGF, ENCUF and NFGC) and some HL and GOLD just to provide some stability as far as mining exposure in case the riskier ones. The biggest unknown with the smaller ones is that you never know when they’ll drop any kind of news regarding what kind of findings they have and most of their money they have is basically in the form of stocks sold.

>>49579401
>This fucktard OP couldn't even link the correct previous thread. Consider roping yourself faggot and never post a /cmmg/ again.
he linked the correct thread
take your own advice and neck yourself for being retarded.

Crypto bros it's over.

>>49579330
Silver will probably benefit the most from crypto carnage. Although I doubt crypto kiddies will have the money to buy it, but perhaps inflows will improve.
Also some copium about solar panels using more silver
https://twitter.com/wmiddelkoop/status/1536019361873670146

>>49582747
Holy shit. 110% there is no stuck transactions, absolute lies. Even if there were, it wouldn't prevent transfers. Then again, if the crypto exchange fractional bitcoin reserve scam is revealed, it might be good for bitcoin on longer term

Will we immediately go up are are we going to drop a little more with everyone else first?

>>49583699
Gold will go down, but less than the market. Miners could catch a bid though, that is where the specs move the market

This is the calm before the storm for oil right? Is there a single reason to NOT expect an oil crunch here? Where the fuck is the oil going to come from? China is coming back online. Opec isn't going to increase production (nor can they). Anti oil Western policy endured that Western oil production isn't going to come back into play. Biden thinks that we can meet European natural gas needs (LOL). Summer is just going to be getting started because Europe is going to get fucking cold in the winter and why the fuck would we build on oil reserves right now instead of drawing down inventory??? Please tell me what I'm missing. How the fuck can oil not skyrocket to 140 by August? I guess if the economy recesses by August oil could go down as people lose their jobs and livelihoods and consumerism dumps but even then.

>>49584134
>I guess if the economy recesses by August oil could go down as people lose their jobs and livelihoods and consumerism dumps but even then.
What do you mean "but even then"? If we have a serious economic crisis (we will) then oil demand is going to drop like a rock like it has done every single time in the past that that has happened.
SELL, SELL FOR YOU LIVES

>>49584134
Sleepy Joe is about to start a war with Iran for Israel and send oil to $200/barrel isn’t he?

>>49584243
Unless the economy is going to go into a depression I just don't see oil demand dropping fast enough to account for the third largest oil producers oil no longer being accessible. Sure. Dip is in the books. But even in a recession I don't see global oil demand dropping nearly at a rate that means oil isn't going to continue higher. Unless it does but then I think we're more fucked than you and I can even comprehend. Bullish for gold if you're expecting that scenario I think

>>49584274
Man I just don't think anywhere in the world has the capacity to meet this. If the west 360'd on their green energy shenanigans NOW and signaled a favorable shift on oil for the longer term do you think we could bail ourselves out of this mess by 2023 or are we basically fucked? I know they won't but it's a thought experiment I've been having as to if trump would be dealing with this better or not

Discuss concrete please.

>>49584570
Russia didn't stop producing oil, they are just selling it elsewhere. In 08 oil dropped 70% in a matter of months. The economic slow down inc could be even worse. And we also have the secular trend of moving to electric. Mid to longer term oil price will be under a lot of pressure, which is why companies don't want to invest, they know. The demand imbalance is only temporary.

>>49584805
big economic slowdown means construction way down -> concrete price will plummet.

>>49584834
Sure. I know they are still selling but. But fact remains that the west isn't getting it and even if they proxy it to us then it's gonna be hella expensive. Oil production is still under 2019 as well. I am wondering if Europe capitulates on sanctions. Bad look for the US if we do. Ukraine isn't worth the fucking trouble.

Bought gold. Gold is clearly being suppressed. I wonder why. There is absolutely no reason not to buy a ton of gold at the moment.

>>49584871
So you’re saying I should buy cheap concrete

>>49582356
Agreed. I'm feeling safe with ATH and TCF as my main positions. I'm confident they'll both give me good returns and if there's ever dividends on the table then even better, so I'm happy to have all my PM miners as moonshots

>>49585014
I just bought an oz

is it too late to get into natural gas?
also how are we looking polybros?

>>49585290
Depends on your outlook on whether or not Europe will buy natural gas from Russia again in winter. My guess is no.

>>49585608
no fucking way they will, but i just don't know if all of that is priced in.

what are the buys? LNG?

>>49585014
I don't think it's being purposefully suppressed so much as the market is waiting and seeing what becomes of the FOMC meeting. Although I don't think it matters at this point.

I did hear on macro voices last night that there could be some forces at play telling people "don't try to squeeze gold and silver with a bank run or else we will come down hard on you" but either way i am starting to believe the gold trade. I'm a little too over exposed to crypto and don't know if I can stomach getting out at this point so I'm not sure what I'm gonna do but I think a gold pump is very imminent.

>>49579267
Should I just kill myself? I'm way down.

>Japan countryside temporarily delayed

>>49586466
checked, we have to go down before the 10x. Big Jap Booba awaits those who can stomach a temporary loss on paper and are able to hold through it

i feel really good today, despite being down. i mean the situation hasn't changed, this is just people dumping ETFs and stuff because they're having liquidity problems.

what is this pattern called

>>49587138
The Thai getaway

>>49585014
If you compare to bonds, gold has done very well this year in the face of mooning dollar index

>>49587138
It's called buy the dip

>>49580736
One could take the gas for energy in the first place. I know there are different opinions and a lot of advertising, but personaly I don´t believe in hydrogen.

>last Friday

Is there any safe haven?

>>49588540
In a long time horizon I think gold and assets will do well. US housing I think is better than Canadian or Australian housing, so that depends on where you live, but even if there is a pull back in the US I think over the next ten years it'll go up bigly. We printed a lot of money, it has to go someplace.

Oil and natural gas it's hard to say how badly those stocks are going to get cleaned out by margin calls, but long term that's another good spot it seems.

>>49586479
I'm fucking pissed. I was trying to buy land this week.

I don't like looking at my portfolio today.
I'm going to log out now so the losses are gone.

>>49584134
this is why only a complete fool bases business decisions on their own political views.

your views are wrong so you are wrong.

Luckily for you, how markets behave has nothing to do with the narrative you try to give them. Oil may very well go up and you could still be retarded. Or oil can go down and you'll be retarded. But in only one of these cases will you actually learn that you're retarded.

>>49584134
Literally impossible to tell what'll happen in my opinion. Demand destruction is a real risk to the downside that seems difficult to factor in.

>>49585608
>>49585643
Germany absolutely will keep buying Russian gas, as will Hungary and Italy and Turkey

>>49589919
Next month is when I start taking profits on oil. I think late summer is going to be a peak. Even if it keeps going, I'm up 60% so i'm already being greedy. That's my start point because of peak summer travel, I don't think we hit real demand destruction, inflation adjusted, until maybe 180/bbl.

>>49590048
I need to do more research on this but even if they don't completely, they're totally going to go full throttle on liquified natural gas imports to minimize it. Russia could also cut them off. That said, I just don't know how much of this is already priced into things and also there are so many speculators (like me) I wonder when their other investments getting tight causes them to sell.

>>49588105
if bhs dropped to 0.01, ie the tick size, but its financials were as solid as they are now, surely that’s a safe bet? unless the company was about to go under

>>49590308
>I need to do more research on this but even if they don't completely, they're totally going to go full throttle on liquified natural gas imports to minimize it.
Yes, and coal and oil imports
>Russia could also cut them off.
Unlikely

>>49589745
How in the fuck are my views wrong here? Or did you just want to be a smugass? PLEASE tell me where the west is going to get their oil and natural gas from as this year rolls on if this Ukraine shit doesn't resolve. Maybe if more dominos fall and the sanctions collapse (Germany already in a grey area and if people start freezing I doubt they will continue sanctions) but your post reeks of "heh I have no strong convictions so I can never be wrong" kys.

>>49589919
>>49590048
I agree to be honest. I just don't know right now what the future holds. Gold and silver are looking very attractive to me currently given the situation. Europe abandoning the sanctions is bullish for gold because I think that's a very bad sign for the influence of the US and dollar. Inflation showing no signs of stopping is probably bullish for metals. I don't think the fed can raise rates fast enough to make gold an unattractive trade. I think oil is a high risk high reward play however that politicians will let their people freeze to save the heckin Ukrainian people

Not like this, uraniumsisters.

>>49590454

Yes, keep buying my stock, I need the extra cash from losers...uh I mean investors ..to remodel my penthouse - those ladyboys made a bit of a mess. Just review that incredible DD silver retard and that actual retard posted here over and over to know the mine is the best silver mine operation in the world, and in just two more weeks we will start mining even though we don't have a mining permit, and shipping the concentrate to Ocean.

>>49590777
Checked. Bearish for uranium

>>49584274
We need to send $69billion to our greatest ally.

buy into Chile
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/810-tsx-venture/tuf/122950-honey-badger-to-acquire-100-of-the-cachinal-silver-gold-project-in-chile-with-16-3-million-ounces-of-indicated-and-2-5-million-ounces-of-inferred-silver-resources.html

get out of Chile
https://en.mercopress.com/2022/06/02/chilean-president-wants-full-ban-on-gun-ownership

wtf

>>49579267
Oil is green

>>49588406
Always a good indicator of a dump when people like him, patrick karim, and lawrence lepard get over excited.

I have everything else down nicely, but I need some exposure on PMs.
I keep on seeing Lion One being thrown around and they do look pretty good. Others I've been thinking are Scottie and Guanajuato.
Any suggestions on PM picks?

>>49593913
Just buy a major like NEM or a royalty like WPM don't take anon's junior mining advice here

>>49593961
If I was throwing around 6 or even 5 figures per stock I'd go with a major without a question, but I don't really do shit with something that's going to go 5x or slightly more if it's lucky, so it has to be one of these juniors.

>>49594105
That's what everyone says to justify their poorfag investments. Average junior is down like 50-70% since early 2021 whereas majors are either flat or up 5-10% in that timeframe.

>>49594522

Of course the average junior is down.
Juniors on average lose like 98% of the time, which is why I want to go for something that's clearly onto something rather than a pure exploration play that's just peddling promises about maybe finding something.
I don't even like the PM sector to begin with because it's so saturated with absolute shit, but it's going to have a future and they're now fairly cheap.
Good thing is that at this point we can start looking for companies that have produced some kinds of results to try and avoid the riskiest of plays.

And again I don't really do a damn thing with a stock doing those small numbers that the majors have done.
I can invest 500-1.5k per month and considering I have to keep on growing all of my positions, it's simply not feasible to focus on one gold major for the next year.
We're running out of runway with commodities to make the large multipliers too, so to think of investing into these as a multi year thing isn't even feasible, because in 2-3 years the entire commodity sector is going to be full of people who are now buying Bitcoins and monkey pictures.
Throwing 2-5k on a stock and seeing it possibly do 5x or maybe just 2x is fuckall, when with slightly more risk the multipliers can easily be in the +10x range.
I have no need to try and go for the riskiest of plays, but still something that's not a major valued at +30 bil already.

What are ya'll buying right now?

kek at cnbc

>>49587138
Karen&Tonto

>>49594956
Lion One is one of the most solid junior project you can get your hands on.

>>49596029
I've put some stinkbid but not buying anything yet. Try to find your strategy and focus on it. I like to focus on junior producer and near-term producer.

>>49596035
ohnonono ! you can't recommend Gold ! They need to buy our paper !

>>49593913
Just buy something that is cashed up. Scottie is good

>>49596482
Days like this are a gift for people with deep pocket and cash

Too bad I'm a poorfag unable to profit from these dips

>>49596029
I just got whitelisted for the Equilibrium public offering. It's a DeFi project that gives out loans at the lowest collateral requirements.

>>49596029

>>49596035
>Eisen moderates a World Economic Forum discussion in 2020
like clockwork

>6% 30 year loan to buy 1 million dollar house.
Good thing housing is going to crash so poorfags can get into the housing market... Right guys...?

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

Unexpected live update from Michael considering everything is crashing

>>49597416
mad jelly
what will you be making wood/metalbro?

>>49596482
>>49596114

Yeah I'll probably get Scottie and Lion, they seem like pretty solid choices as far as juniors go.

>>49597858
Solvent traps

>>49596029
I don't have much money, so I'm probably done for this year. It seems like the best play is to just wait until even normies start seeing the writing on the wall. Once they panic, that'll be the time to buy everything. Maybe I'll just add to my physical stash until then.

>>49591710
Based Cramer telling us in high IQ cryptic messaging what's not happening

>>49596029
Every 2-3 weeks, if UUUU dips into $5.xx range, I buy 100 more and write a CC against it when it pops past 7

>>49599346
That can't be real bro. It's too over the top
Even for sad money Cramer

>>49599571
>That can't be real bro

Trillion's financing might have closed early. Big volume today. The anon who pre-emptively bought the financing dip should be green now.

Before this market insanity started last month we were in a beautiful trading pattern. Stocks were declining. Commodities were going up. It was bliss. All of our research was being validated and then a fat fucking turn got thrown right into the fan.

>>49593913
GOAU

>>49601719
The trend is your friend until the bend!

Something is breaking...

>>49601389
I think you're referring to me, my buy order was for roughly $10k at 0.34 on the financing news. My broker still thinks it's sitting at 0.335, for some reason it's always behind on a select handful of stocks kek so showing red till it catches up but yeah really I'm green as fuck

>>49602358
>US 10-year yield surges to 3.35%, highest since 2011.
https://twitter.com/disclosetv/status/1536418940028600320

Man I've been out in the sun all day swinging from trees in the park and I get home to see Trillion surging and Oil back above $120. Feels fucking good man.
WAGMI energy bros.
Hope you're all keeping /fit/ as the world goes to shit.

>>49597739
>Michael Oliver admits he was wrong with timing with PM.
We are just meant to suffer.

>>49602358
Things are going to break very soon. I don't even know how long they can do this?
Are they going to drop rates again? If they do they will have massive inflation. But if they don't the government won't be able to borrow any more money.

>>49603435
>>49603536
>Odds of a 75bps rate hike on Wednesday just hit 85%.
https://twitter.com/zerohedge/status/1536437367891976195

No shame in being wrong, he almost had all good calls until now. Sometimes you just can't predict what 3+billions will do. In this case, they ignored inflation, fucking dumb normies.

Bought 4,800 shares of poo. I'm still waiting for the inevitable PM pump to launch my portfolio to the moon.

so are we still expecting a comex default anytime soon or was that always just a meme?

>>49603556
https://www.zerohedge.com/markets/panic-yields-soar-after-wsj-fed-leaker-says-odds-rising-75bps-rate-hike
>Well, panic it may be, because moments ago, the WSJ's in-house Fed leaker whisperer, Nick Timiraos, who has repeatedly been used by the Fed to strategically leak key guidance to the market, just unleashed hell when he warned that the "string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week."

>>49603659
Congratz. Have 13k shares and might add more if we dip for another couple of month. For now, I consider it a full position.

>>49603873
>if we dip for another couple of month
Bro how much more of a dip do you need? Are you waiting for them to hand out shares when you buy a pack of gum?

>>49603769
Yes we are still waiting for the comex to be drained. Seems like every few weeks there is news about a big player moving significant amounts out of the vaults. Last big one was 2 weeks ago and someone took 10% of registered silver.

any polymetal bros around?

>>49596029
More Uranium at open. Athabasca seems like a gamble, might look for a position later in the week.

>>49596029
DBC & GDX ATM calls Jan 20 2023
Thinking about shorting the Yen, nothing personal Japs

>>49604665
Short JPY/long NZD was a staple forex strat for years from what I've heard

>>49604680
I don't really trade forex just stocks, dosent look like there's an etf equivalent of NZD

Just curious /cmmg/ -- what's your take on previous metals right now? ETFs fine or are we trending towards a real possibility of collapse? I can't talk to /pmg/ those doomer faggots are room temp IQ who just buy coins to post for clout. I'm of course talking about valid etfs like the sprott ones. I just want a take from one of the least retarded threads on this board.

>>49604013
>Bro how much more of a dip do you need?
Who told you I need dips ? I have all my position ready if we moon tomorrow. In fact, I would be very happy if it happen.

I'm just saying I would need a big dip to justify being overweight BLLG when I can buy IRV instead.

>>49591710
i think thats a fake tweet

>>49605003
Speaking of Mannarino.
https://youtu.be/gUJGF-H5X9w

Its unironically over. Buy fucking commodities NOW.

>>49604956
Silver is kinda shit I'll never trade it.
Gold is kind of weird since it competes with the dollar and tougher the feds are on inflation the stronger the dollar gets despite inflation remaining relatively high
I hold I bit of GDX but I'm mostly in commodities DBC, DBA I think PMs are gonna mostly crab

>>49604956
precious metals are for wealth preservation - the safest way to play them is to buy and hold physical bars and coins. i think most people here own at least some gold and silver. it's a tough sector to make money in; the mining industry is shit and gold/silver are manipulated as shit, usually to the downside

if you want to buy some paper gold, like GLD or the Sprott ETF, thats fine if you just want price exposure, but you dont really own any gold. physical gold in your possession is the only way to truly own gold. i dont really buy into the whole "societal collapse" scenario from the doomers, but i have physical gold, silver, and guns just in case anyway

in terms of trading right now, it's tough to say because we just had a pan sell-off. and the debt market is going haywire. i am sitting in a lot of cash right now just kind of watching to see how this plays out. i would rather own cash over more gold right now. i prefer cash over just about everything except oil and natural gas. if the market continues to tank, cash is actually the best performing asset for a temporary period of time, even though its losing to inflation. you just have to eventually buy the dip at some point and deploy that cash to start to realize those gains when the market recovers

>>49606697
>>49604956
>>49605639
>PMs
I view gold as a metric of a country's wealth, with silver being the "real" currency that purchases should be made against, since currencies are widely manipulated. I mean metals are too of course, but silver is a good standard to measure that.
Likewise, I wouldn't trade it, but consider it as the base price of something when you're doing valuations.
This isn't expert advice by any means, but it's something I was considering research into

>>49604956
I keep hearing that once PMs moon, the big miners will take off first, then the mid tiers and juniors will take off after some time. This means that you will have time to pick the right juniors. That sounds better to me than putting your money in a dead sector right now, and hoping that these crappy little companies can survive the next 6-18 months without going bankrupt or diluting excessively.

With rising energy prices, rising wages, and supply chain issues, how many of these juniors are actually 'good picks' right now? It's not their fault, but none of them are safe until gold and silver go back to ATH and energy costs go down

Sentiment in gold explorers is crap. I'm actually worried about assays coming in from my holding because even decent hits will sell off in this market.

>>49596029
alphamin resources, UAN fertilizers, and coal

>>49604314
Da

Afternoon all! been busy, here's a link!
https://www.mining.com/web/sibanye-to-restart-south-africa-gold-operations-after-signing-wage-deal/

quick bump!
https://www.mining.com/web/red-hot-lithium-boom-pits-wall-street-against-the-wonks/

I was listening to the metal investor forum over the weekend and the CEO of Brunswick Exploration mentioned that they were going to announce another property package today. I guess it was moved back to later this week.

>>49611871
Anyway, the point is that pegmatite lithium deposits really only have one characteristic, unlike gold deposits, so they were able to stake a huge portfolio of eastern Canadian land with these characteristics and over this and the following summer they will run some quick and dirty field work to identify which of these actually contain lithium. It's going to take a long time before they prove a resource but they are definitely an interesting early stage lithium explorer.

>>49610746
are you still a fan of Spey Resources?

Another Mike Coyle failure is St-Georges Eco-Mining. It's in the flavor-of-the-month club with interests in nickel, PGMs, gold, lithium extraction, battery recycling and crypto. And guess who's the president of one of its subsidiaries: none other than Paul Pelosi, Jr.
If Mike Coyle is involved, don't walk, run! Just look at his last two pump jobs, Newrange and Walker River, both spectacular failures. Mike Coyle is the ultimate Vancouver whore.

You guys did slurp the PMET dip today, right?