/biz/ - Business & Finance

What are you holding boys?
The dawn of a new era is finally approaching

>>49618886
dam threads get 404ed fast, to the anon from last thread i hadnt seen much news out of Spey Resources recently, i ll have a quick look and get back to you.

>>49618966
>What are you holding boys?
Extremely heavy bags

>>49618886
alright so what goes on in these generals, do you guys actually make any money?

>>49619267
I hold all commodities beside PMs so yes

whats everyones thoughts on the near term for copper? The price of copper is dipping due to all sorts of economic threats, do you guys think were going to see copper hard crash or just level out in the next two weeks?

Iron ore seems to be heading for the same situation but due to china and covid, not directly due to any dire economic outlooks.

>>49618966
FIRST MAJESTIC
JAGUAR
PAN AMERICAN
BARRICK
AGNICO EAGLE
KINROSS
POLYMETAL

>>49619070
>>49618966
Teck resources and Arch resources.

>>49619532
Copper and iron ore are mostly at the whim of china at the moment you're right. My Ideal case for now is crab above $4 while china is closed and just hold my major names. Copper broke its uptrend as well so we'll see.

>>49620101
i am hoping that copper stabilizes so my favorite explorers can have a bit of a chill season, but its probably not happening. Recession is looking like its nearly here.

Anyone with exposure to agriculture? I'm a leaf thinking of buying either COW.TO or DBA

>>49620844
I have GUNR for broad comms and agri, potash is probably done for the season, WEAT and CORN etfs for the fall

>>49619588
Do a lot of people hold polymetal here?
Thinking about buying a small amount of this with the potential after the war.

>>49620844
look at the holdings of those. They're dogshit. GUNR IMO is the best ETF

>>49621873
wanted to but got kiked out of it.

>>49622086
Just checked and apparently my broker seems to still have POYYF listed.
I'll probably dip my toes in tomorrow.

Anyone get a feeling that the commodity bull is going to last a lot longer than people anticipate?
Because I can't but help and get a feeling that everyone is expecting it to be some kind of a quick spike that occurs over the next couple of years and then we're back to gambling on equity stocks.
If there's really a big money rotation into commodities, then this isn't going to be a quick process by any stretch of the imagination, but might instead go on for a decade or longer.
Not to mention the West is kinda fucked when it comes to anything related to commodities, due to so many restrictive green politics being in place.
Only thing I can really see calming down the commodity market is a massive demand destruction that gimps the everliving shit out of the growth and even then I don't think that global energy demand is going to radically go down, or hell it might just keep on going up as shithole nations keep on slowly modernizing.

Are we FINALLY going to get cheap metals and energy stocks?!?

I want some fucking gold bullion and all I have are these silver shitcoins and some GDX.

Some good news from Benchmark Metals up past the Golden Triangle!
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1431-tsx-venture/bnch/122956-benchmark-increases-overall-gold-ounces-by-44-and-77-in-the-measured-indicated-classification-with-expanded-mineral-resource-estimate-further-derisking-the-gold-silver-project.html

Lawyers will be a mine once more, now we just have to wait and see how big it will get.

wow biz moving tonight.
https://www.mining.com/lynas-awarded-120m-dod-contract-to-build-commercial-heavy-rare-earths-facility-in-us/

Have small 500$ stinkbid on IRV @1CAD, aiming for a 10% correction

If today is a repeat of yesterday, I might become greedier and change the stinkbid to something way cheaper like 0.80CAD

>>49619267
>make money
The federal reserve system makes the money. Accumulating it to secure in hard assets before the music stops should be the chief objective
Owning and securing aren't the same thing. Not everyone agrees, but that's ok

bump for the night, has anyone looked into any good nickel companies lately? I am still looking at explorers for it like Garibaldi resources, but are there any producers we dont talk about working with this metal?

whats a good uranium stock if i believe japan will turn back on all their powerplants?
is it possible to buy anything that was part of their supply chains before they shut them down?

>>49622131
Most of the people I've spoken to since /cmmg/ started are expecting close to a decade long bull market.
I've not seen anyone suggesting we're going to have a quick spike and that's it done except maybe a handful of newfags recently who are just looking for a quick pump. You're right that once things take off we're in for a long ride

>>49624678
How many shares of Irving would it take to apply for a Japan Investors Visa?

reminder, hedge funds going long gold, CNBC hack "journalists" who are WEF operatives losing their shit

fucking shit, my ID is AOC

>>49619532
I don't know where the prices will go but I'm keeping an eye on copper especially. If it goes down say hello to recession

>>49622131
>>49629015
Surprising how people still have the sentiment that commodities haven't been booming and making all time highs already these past two years.

>>49629659
Yeah that's true I shouldn't have implied that we haven't already begun the bull market, there's been plenty of gains, but we're in the early stages still and far from done is my stance.

>>49629736
I was more talking about the "commdoitty bull happening wen" people

https://www.reuters.com/article/uganda-gold/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore-idUSKBN2NP17M

>>49622131
I expect the commodities bull market to go on for at least a decade. Until we come out of this era of chaos (if ever).

I think a major depopulation event would be bad for commodities in the long run since the remaining population would have greater access to land, resources and remaining capital goods. So I would be bullish on commodities generally as long as the population doesn't crash (which I suspect it will) and global markets are still functioning (which I suspect at some point they might completely collapse. In the event of a collapse of global markets and a population collapse, how valuable a commodity is will be dictated by geography and ability to trade with outside entities.

The collapse in fertilizer production means a 50-80% reduction in crop yields, rising energy prices means that what food is produced is harder to distribute, the mass vaccination campaign in the west is a potential blackswan, for obvious reasons it is not possible to know the LONG term side effects of the vaxx so there is no certainties about what is going to happen to people that participated in that particular experiment (most of the population of the west.)

The future I imagine is going to be like that old game frontlines: fuel of war

>>49630155
Oh I see, yeah there's going to be more and more as the crypto refugees flood in. Easier to convince yourself that it hasn't started yet rather than accept you weren't early enough I suppose, even if there's still gains to be made.

>>49630301
>the unvaxxed will be screwed out of gains by the vaxxed all dropping dead
I hate it, but I can believe it.

>>49630704
I don't know about the unvaxxed all just suddenly dropping dead. That would actually be the best case. Rather a decrease in fertility, a increase in the rate of death and a massive increase on the strain on our health care is going to be much worst than if the vaxxed just all collapsed dead.
Having people that don't live as long, but still hang around, are crippled physically and mentally, but still must be fed. Is much worst for society in the long term. Of course this is just speculation.

I don’t dare ask her out

>>49630786
Yeah that really would suck, just another excuse for us to get taxed to oblivion.
>>49630808
Wrong thread? Either way man up and do it. A question unasked is a definite no and if there's one thing that will dry a woman up like the sahara desert it's a lack of confidence so don't be a little bitch

>>49626443
Rio and Vale, but they're large caps.

>>49622131
Yes, I've been so surprised by people in here unironically asking if it's already over every time silver drops 50 cents. This isn't just a cycle, we are seeing the collapse of society in front of our eyes. Either commodities becomes the next big thing for 20 years as the world recovers from what's currently happening or Klaus depopulates us all and chips whoever is leftover.

>>49633046
Even when I see society crumble in front of my eyes (or on 4chan, at least), I remember how humans are very resilient and willing to put up with a very shit world as long as their own comfort is guaranteed.
It's not what some anons want to hear and people have given me shit about it on /biz/ and /pol/ but yeah it makes it tough to predict a bottom for silver and other commodities.

Well, gas stocks just crashed, so what's a good ETF to buy?

>>49622131
Whenever there is three consecutive years of la nina there has been the beginning of a supercycle. Trust the sun.

>>49635094
>didn't anticipate terror attacks on American LNG facilities destroying American LNG capacity in this tense geopolitical climate.

You should've gone with Yurope gas buddy.

>>49635098
Oh I trust the sun alright.
The esoteric money makers have timed the monetary markets on the astronomical cycles for hundreds of years now.

>>49635244
Weird non sequitur answer, as expected from an amerimutt.

Down 50% on Blue Lagoon looks like it’s over for me lads, hope your picks don’t turn out to be worthless garbage stocks

lol even nat gas shitting itself doesn't stop Trillion getting slurped hard

Chariot up 9% today feels good man

Gas bros I am down 50% in a day... is it over? Should I pull out and go into gold or something?

>>49629356
Where can I get this triple extreme moon indicator.

>>49628064
You don’t have to believe anon, it’s actually happening

>>49637758
Yes you should sell low and buy something with loads of big green candles

>>49629356
Wow look at all the different coloured words, exclamation points, and italics!!! Amazing!!!!!

>>49637758
Down in what? I'm looking for gas stocks that have gone down but are still worth holding.
Energy stocks crashing during a global recession is fucking retarded and I intend to make bank off Wall St faggots being retarded.

thoughts on PDBC commodity ETF?

Is now the time for fear?

>>49639687
you vill eat ze bug

>>49629176
I dont know and I honestly don't care that much. First target is 5k shares before late August. That would put me at 10% portfolio in IRV.

Diversification will be then put on the table, do I kind of all-in with IRV and go towards 20-30% ? Or diversify in other interesting plays. No doubt I'll probably go japan all the way...

We need oil to tank for our metals to prosper.

>>49619338
Pretty much this.
I am Prepping the BHLL and tickling a gayhorse as my asshole gets strectched bigger nad bigger. thnak jeebus and hal-lah i put 30% of my 3 ports into USOI late winter 2021

>>49639434
BOIL
>>49638884
I have held enough things to much lower lows thank you very much

>>49621873
How are you planning on buying? Which broker are you using?

>>49640059
When/if oil crashes it's time to buy the dip & diversify into gold

https://twitter.com/quakes99/status/1536762994545201152

>>49619532
Balls deep buying companies

>>49641379
Thank you hedgies, dump more so I can get some UUUU for $3
This is a gift from heaven, giving us all late comers a late 2020 tier entry to the markets.

>>49639475
GUNR has actual holdings which you can look up and track whereas pdbc is all government bonds.

>>49633046
Reading Hot commodoties atm, Jim went through an 18 year bull run. I think theres a few years of stacking to be done, especially through the high chance of a recession. Any good good comm/ energy stock books i should be reading while im hoarding?

what the fuck is up with this Uganda gold news?? can we get some discussion on that, seems like a pretty big deal, massive supply increase

>>49642886
Go back

>>49642886
>ore
yawn

>>49642365
Jims got some quotes in here. Disturbed by visions of their children living in a future stantytown in a deserted area once know as wallstreet, the Goldbug's solution is to buy more gold at any price. 18 years old but a good read

>>49641379
explains why I'm bag holding UUUU

>>49643369
i got the same bag. feels bad.

>>49639475
I hold some PDBC for futures exposure. What >>49642315 says about the holdings is true. But the reason is because the treasuries are necessary collateral for the futures. They have a balance of oil/pm/ag since it's actively managed. It benefits from contago where they buy layer dated futures which become more expensive due to shortages and rising near term prices. My PDBC position is relatively small compared to my XOP, XOM, and DVN, but I've used it as a ballast against falling equity prices and as an inflation hedge to good effect. I got in late after the Rus-Ukr conflict and am up 10%.

I like GUNR and am not recommending against it as a catchall commodity producer etf, but I hold the other positions specifically for the yield and targeted oil/gas exposure.

i am financially devastated by uranium, gold, and silver miners
i hate all of you

>>49642886
>Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore.
wtf? That's equivalent to about 10.29 BILLION troy ounces of refined gold. That number doesn't make any sense. Not even Bre-X claimed to have such amounts of gold. Who was the retard that wrote that article?

>>49618886
>30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

>>49644220
How do I invest in housing going up like Andy told me?

>>49643954
look at this retard actually buying commodities
you thought you knew better than everyone else in the financial system? thought you could beat the hedge funds?

>>49644460
I'm stacking cash and waiting for a 35% reduction from the retards taking massive loans and going underwater.
Been waiting 3 years.

>>49642886
Bre-X tier scam.

What do you guys think of blue lagoon?

>>49644460
just buy a house loooooll

>31 million tonnes of gold found in Africa waiting to be mined.

So what are the financial implications for my Barrick/New Found bags?

https://youtu.be/jCXtKI3Oplc

Mannarino
"ALL ON THE LINE WITH COMMODITIES"

>>49618966
Horse, lagoon, and Irving

>>49646285
>>49618966
I'm not timing shit, I'll buy IRV every month with my paycheck and average down until there is no float

>>49646308
Based I'm loading up on some Irving as well.

https://fee.org/articles/central-banks-are-purchasing-gold-at-record-highs-why/
"Central Banks Are Purchasing Gold at Record Highs" at the same time as these nigger paper contracts bringing gold to close to the 17 handle. Fuck off for real. Fucking hope these bastards are dragged out by rioting chuds and burned alive.

>>49646343
Where is your bid at ?

I've put mine at 700shares@1CAD. I'm 1 cents away from being filled. I might lower it, greed is powerful

>>49646401
Whenever I get by paycheck I'll see. Lately poo has been pretty cheap so I bought some this week. Hopefully Irving can stay under $0.80 USD.

>>49646476
Indeed, that's my price too (.80$ = 1cad). A 65 MC for IRV is a very good entry.

On another note, good RR interview:
https://www.youtube.com/watch?v=oxbUwJeJYJU

After the last rate hike there was an immediate rally ("the market likes certainty" narrative), there's a good chance we'll get similar tomorrow.
I'm not gonna buy though, just saying its the wrong time to sell at a loss.

https://www.zerohedge.com/markets/hedge-funds-just-sold-stocks-fastest-pace-record-surpassing-even-lehman-liquidation-spree

>>49646068
31t of ore and supposedly over 320,000t of gold which would be over 10B ounces. It's bullshit.

>>49640830
A leaf broker, questrade. I can't buy it with the account I currently have, and am opening another one to buy.

>>49647346
>320,000t of gold
Isn't that more than the theoretical maximum amount on Earth?
Imagine believing anything a hominid-enriched individual says.

>>49647419
>load ze infinite gold fud

Novo Resources just shut down production, estimated for 12-18 months until they have permit for the next stage. Don't think that was the intention. Stock has already gone from $4 to 60c, damn.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1226-tsx/nvo/123177-nullagine-gold-project-operations-update.html

Bump

>>49646654
Me on the right

>>49648982
thank God Novo wasn't heavily shilled here, hopefully no bros opened a big position, might be a long wait

Is blue lagoon still worth holding?

>>49649532
yes fren!

*AHEM* Bayhorse.......

>>49618886
>>49643954

new liberty out. dude has been on fire with his calls. he says buy here and fade the fed

>https://www.youtube.com/watch?v=aWgX8CDkUFM

We should all start vaporware Ugandan gold mining companies based on the gold printing glitch the Ugandans discovered. The company will never produce anything of value and hemorrhage money but still outperform Blue Lagoon somehow

>>49644203
>>49644203
>>49644203
>>49644203
>>49644203

It's really crazy how many explorers hit amazing drills this year, had their SP get a huge bump, and are now trading lower than they were before all of that.

>UUUU dipped to lower half of $5.xx
>Want to get more, have the cash to do so
>Expecting the FED to announce 75 or 100 bps and the market to rally because fuck you, clown world
Well, either way, I hope there's a hard market movement tomorrow. If it's up, I'll sell more CCs, if it falls into the $4 or even $3 range, I'm going on it hard

>>49648982
dam thats a shame but that companies had some really shady stuff in the past.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2907-tsx/gmtn/123190-gold-mountain-provides-corporate-update.html

Gold mountain results just dropped. They had some grade control issues, but it doesn't seem that bad looking at their cost per ounce considering it's a first quarter of production. 1900 ounces produced, how much were they supposed to deliver per year in phase 1?

>>49653356
are they trucking ore to New Afton or moving it by train? That will make a lot of difference with the price of fuel this year.

>>49653421
I believe they are trucking it and yea the diesel prices must be hitting them hard. I think they have to truck it pretty far, more than 100 km I think it is. They mentioned looking into concentrating in the release as well.

KOLD bros ... we're back.

What happened, encorebros?

Oh, noes, Irving bros.
You bought the @RocketRed pump.

Libero lads, what happened?
I thought $0.80 was just the beginning.

EMO chads, what went wrong?
Was it too much of the @DrJimJones koolaid?

Who was pumping PEGA last week?

I want to buy energy stock but they seem expensive. Is there any opportunity in metals? Be honest with me, did I miss the commodity supercycle?

>>49654654
Is it better to buy GDX or individual stocks?

>>49653493
a concentrator or ore sorter would be best but the cost right now might not make sense. Using trains would be the better bulk shipping method right now, trucking is too expensive.

>>49653356
Not caring after they did that dilution. Fuck 'em.

>>49643954
Still up 20% on PEN, what are you talking about lol
In fact if it drops a few cents more I'm loading up

>horse at .03

it's gonna get delisted, isn't it?

>>49657558
Yes
:gigalassen:

>>49629356
Finkle is Einhorn

quick bump!
https://www.mining.com/web/us-and-partners-enter-pact-to-secure-critical-minerals-like-lithium/

Got my Irving order filled at 0.99 CAD

750 shares slurped. 2k7 shares position. I'll suck the float dry.

Would like to see a break of 1680 this time.

>>49648982
I thought you meant Nova royalty for a second. WHEW.

>>49654654
no it hasn't even started yet. and yes just buy gdx or gdxj if you don't know what you're doing.
energy just got a beating (uranium and gas down like 10-20%) so now isn't a bad time but there could be further downside.