/biz/ - Business & Finance

>>49675140
Morning all! Fresh thread up, heading off in a minute to go for more gold.

Sorry for the poor pic, phone posted this, i ll be back later.
Some bad news for Kinross watchers this morning!
https://www.mining.com/kinross-gold-sells-russian-assets-at-half-the-agreed-price/

hello guys, I'm buying oil calls. wish me luck

>>49675140
thanks for baking

Morning/Afternoon PAN MAN, thanks for the bake
Bump before I head out to enjoy the sunshine and daydream about Bitcoin crashing

https://twitter.com/9NewsAUS/status/1536986118670917632
Quick, dump your energy stocks.
They can't make money if the power goes off!

https://www.cnbc.com/video/2022/06/15/why-jim-cramer-invests-in-gold-amid-rising-inflation.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1655302900

>>49677505
It's over, go home everyone.

>>49677505
This must mean the Uganda gold story that was getting shilled yesterday is in fact real and gold is going to dump, but silver and platinum will rise.

>>49677505
God dammit.

Still took some time today to DCA some on what I’ve got. I’m thinking of getting some lithium exposure but not exactly sure where to start other than a basic ETF.

>>49677098
Top kek, people getting exactly what they voted for with these green feelgood bullshit politics.

>took some profits, have 8k sitting in my account

I'm torn between slurping more POLY or going after Uranium.

>>49677956
I tried polymetal with the muh russia shit a few months ago and that bag is getting heavy. Could have sold, but now burgers still can’t rebuy.

>>49677505
who is this guy and why should I care about him buying gold?

>>49677815

Barely green on USO and down 4% on IEO, how are other oil barons faring?

>>49677505
gg no re

Slurped another 750 shares.

Time for another crash.

get ready, here we go

https://www.youtube.com/watch?v=Gq4ZvZOoPfI

>>49680555
see you on the other side lads

>>49680555
>>49680992
https://twitter.com/zerohedge/status/1537132850385936385
>Fed Hikes 75bps

75bps raise; market doesn't even care

>>49679248
If Cramer says to buy something don't.

https://www.youtube.com/watch?v=V9EbPxTm5_s

>>49681069
75bps was the expectation going into the meeting. It moved up from 50 to 75 after the high CPI print.

>>49681069
>>49681352
I bought 10 UVXY to hedge slightly against the announcement expecting the market to be mispriced. Boring.
Might as well hold it until Monday in case something happens (I shouldn't sell it same day because lol TFSA)

75 confirmed

Asked this in SMG but I prefer CMMG anyway.

Guys, what's your plan for the recession? How do you plan to stay afloat and prepare for the next bull run?

My job is fairly secure so I should be kept on fortunately. I'm planning to DCA into blue chips once they've reached a certain price whilst building my professional skills for getting other jobs when the opportunities come up.

uhh beef bros???
>>>/pol/382463494

>>49682991
muuuuu:DDD

>>49683063
imagine being the dude that has to dispose of 10,000 rotting beef cows in 100+degree weather
they already look like theyre going to explode from gasses
conceptulize the odor

>>49682991
>futures markets confirmed NOT REAL

I think Powell completely denied the market any lasting rallies by mentioning 100bps or more isn't off the table.

>>49682927
Tech is dead and the money is going to rotate into hard assets.
If you want to play it extremely safe, then just invest into the largest multi metal mining companies and ride it.
If you want to make a lot of money then dump all of your wealth into Uranium miners.

>>49683259
He should just dynamite each carcass and call it a day.

Commoditiesbros...

So when the stock market finally crashes due to all these rate hikes, oil and gas producers and miners are all going to crash too, right? I wanna scoop the cheapies after the crash. But if commodities-related stocks and ETFs are just going to rise, I should buy now.

>>49675140

>>49683515
> Uranium miners.
I already have some but my biggest stake is in UUUU, which I am bagholding like a motherfucker right now.

Will probably start to buy gold now though.

>>49683259
I work for private engineering firm and a lot of our clients are meat processing. The smell is atrocious and can be smelled for miles when driving around some of these sites.
But we make the shit that streamlines going from animal -> food. Super strict with taking pictures of the “kill floor” so PETA doesn’t get up their ass.

why is Patriot Battery Metals down -20%?

>>49683606
What's your cost basis and holdings look like? You just holding long?

>>49682991
>>49683376
Someone in the comments posted that Bill Gates has been known to buy up farmland after mysterious circumstances bankrupt a farmer.
Remember how Microsoft did this to competitors during the 80s and 90s? It's the same strategy, just a different industry. Think about it, you had hundreds of companies die during the dotcom bust and a consolidation into FAANG-like stocks (MSFT, GOOG).
Why can't the same thing happen again in the agri industry?

>>49684069
My average is around $9.30, so bagholding pretty badly right now. I bought into uranium late but planning on holding long.

>>49683723
ok but thats processed product
imagine the waste/smell of a full unprocessed beefer, days away from slaughter
reminds me of that pig cull in korea
https://youtu.be/Gd1utPjcYFk

>>49684468
My average is around $6.50, 400 shares or so. I'm looking forward to it hitting $2-3 at some point so I can go hard on it. I don't think it's a bad company. I write CCs against them on the upswing; considering some protective puts for the long haul too

>>49684700
Nice one, I am jealous about that average but good for you. I have about 20k spread over uranium and hoping to hold until 2024 at least. Now I am debating building a position in gold/silver.

>>49684700
>>49684537
UUUU??

NEXT is worth looking into as well, bought in at 2 something

>>49684994
Yeah, UUUU.

>>49685231
nice i was balls deep last year in slca and uuuu but i dumped slca before they dropped and went full UUUU with some NEXT and sitting nice.

>>49685346
Hoping it'll pay off in the long term as I am pretty heavy into UUUU and I came in late to uranium. We shall see.

>>49685346
>SLCA
Were you the anon that I discussed sand with? I'm still holding HCMLY, not selling it anytime soon. My only contention is that it's not optionable.

>>49685587
no, i bought back in early 2021 and never talked to anyone, i am a concrete/masonry contractor, so i follow sand and steel religiously

So what do we do next after this shitty do-nothing rate hike?
Double-down or wait for the market to burn even further?
Because commodities are still correlating pretty hard with the s&p. The main takeaway from this was that the inflation will just rocket up from here because they can't hike rates past 3%. So we eventually just get hyperinflation but that's still a ways off. So maybe just stay out until the July Fed meeting, that's probably what I'll go with.

>>49686137
>i am a concrete/masonry contractor, so i follow sand and steel religiously
Do you know where I can find more information about the costs of sand? Usually it comes from construction aggregate companies, but sand itself used for concrete and masonry has doubled in price over the last 10 years iirc

>people make money in market
>we lose money
>people lose money in the market
>we also lose money
Kek, we are the biggest losers of /biz/ and I have come to revel in it.

I'm proud to be an American, where at least I know I'm free.

>>49684415
Because FAGMAN are consumer facing for the most part where in agriculture a lb of corn is always a lb of corn. Under FAGMAN each service is competing for customer attention. In agriculture it isn't like you have different corn to sell, everyone sells the same corn.

>>49687708
pfft. Gas trends directly with oil prices.

https://twitter.com/ThHappyHawaiian/status/1537178141965242369

OHNONONO the bond kind is a little bitch who delete his wrong forecast

>>49677505
We're screwed

Wtf happened to crude and brent?

>>49689140
The fed beat inflation through hiking and Biden wrote a letter to companies telling them to fix the prices, so they will.

>>49689262
Time to pack up and go home then I guess.
It's been fun boys, party's over

>>49675140
tqqq rose 7% in one day while gold just sleeps.

>>49688017
>What is Brent, what is WTI

quick bump, back from the bush with some gold but my hole flooded out. Guess i ll have to bring a dredge in.

>>49691263
what are the coordinates so I can look at the satellite photos

>>49692393
I ll give you a clue, headwaters of Lightning Creek.

>>49685439
5 year hold

>>49689882
I thought we were talking about agriculture. That oil has different amounts of certain elements in it (like sulphur supposedly just from googling) which make them different products.

>>49692777
Oh, we were, sorry, I was just making a gentle shitpost

Mike Coyle, aka @Mikeymike426, aka @Insidexplr, is the shittiest pumper of all.

>>49693831
Mike Coyle's litany of garbage:
WRR - Walker River Resources
DLTA - Delta Resources
BRAU - Big Ridge Gold
PUMA - Puma Exploration
ACP - ArcPacific Resources
SX - St-Georges Eco-Mining
SHL - Spruce Ridge Resources
CNC - Canada Nickel Company
NRG - New Range Gold
BMK - MacDonald Mines Exploration
RJX - RJK Explorations
KRR - Karora Resources
NOB - Noble Minerals
WIN - Windfall Geotek

>>49685439
Don’t feel too bad. I bought at 3 when it was first memed and sold once it hit 6. I’m definitely hoping to get back in under 4 but may bite the bullet and start slurping away regardless.

>>49689262
>crude and brent are right back to where they were.
guess that was a nothingburger?

>>49683993
Pullback from a 6 month hot run, thin bids, chart gap, and a short attack all came together.

>>49689262
They just going to build an addition million barrels per day refining capacity when all the current infrastructure is old and of which many is primed for decommission. They gonna drill more horizontal wells in the Permian that cost a bajillion and decline faster than an Asian hooker after 30? LOLOLOLOL

>>49693831

if I wanted to bet on food commodities should i bet on $CORN/SOYB/WEAT future ETF's? thinking calls out to jan 23rd trying to throw 2k at it but I'm not sure which is most promising

>>49687708
>FUCK YOU GUYS WE ARE GOING TO COMPLETELY PHASE YOU OUT FUCK YOU FAGGOTS MY GLOBAL WARMING
>GIVE US A DISCOUNT AND LOSE MONEY FOR ME YOU FAGGOT OR YOU ARENT A REAL AMERICAN
does anyone have any loyalty left for this shithole? you cant even define an american anymore outside of "piece of paper that says so" lmao I live in ohio and the rolling blackouts currently happening are reminding me of 3rd world countries thank god we shut down our energy independence

>>49692473
>Lightning Creek.
"Lightning Creek is a waterway in Oklahoma City, Oklahoma. Much of the city's Southside lies within its watershed. It is a tributary of the Oklahoma River."
ok thanks

>>49696303
https://www.youtube.com/watch?v=piQhsmDmXhM

>>49679574
up 200+% on hugoton royalty

>>49696012
Anon in smg suggested a good stockpile of wheat exists and that corn and soi were the better plays. I thought more soi was planted for nitro fixing but I guess the lack of eg sunflower oil imports from asia/eu means less veg oil to go around?

last post for me tonight!
https://www.mining.com/marathon-gold-receives-mining-leases-for-newfoundland-project/

bumperino

I'm thinking of picking up some AngloAmerican shares on this dip, Anything I should watch out for? I'm guessing rising energy costs are going to be cutting into their margins.

>>49696092
This country can't even make a commercial with a white man in it and you expect me to care if it falls apart?

Bump

Good morning sirs

>>49702595
Shut the fuck up

So. What are the chances the supercycle doesn't happen? What if after the bear market all the people who were buying cheaper apple and MS make bank?

>>49682927
Stacking cash and planning to go buy some gold. Working and saving money where I can and also stocking up on basic necessities. When it seems like the market has decided it's time I'll begin buying resource stocks more

>>49704118
>What are the chances the supercycle doesn't happen?
What are the chances that a bunch of mildly schizophrenic social rejects and russian shills making market predictions based on racist, doomsday, and antigovernment conspiracy theories turn out to be wrong?

frankly it would be an amazing coincidence if they happened to be right.

>>49705050
It's more like, how can we be wrong? The world is going through serious upheaval and commodities have been shorted to oblivion for a few decades. Energy shortages are real, check out Australia's news just fucking yesterday about how they're running short. Add to that some stupid fucking boomers kneeling to a dumb cunt Nordic teenager. No, I doubt we're wrong but I'm open to hearing how we are.

I guess oil is fucked.

Here's a little something for you goldbugs too.

https://www.cnbc.com/2022/06/15/take-advantage-of-golds-impending-comeback-with-this-best-of-breed-stock-cramer-says.html

>>49705724
it's a healthy correction

>>49705724
Cramer is an obvious counter-signal, but I think he's been so discredited by his recent retardation that people are questioning his sanity.
If anything, he might want to be the first normie media guy to call a gold bull market to restore a small shred of credibility. or maybe he just doesn't care either way and is throwing shit to see what sticks. I remember some anon had a good take about how he effectively created an exit ramp for his Wall St masters in 2008 and for that reason they'll never get rid of him.
Either way, there are going to be other normies calling for gold because they have clearly run out of options and they always eventually return to hard money when shit gets as ugly as it's about to.

>>49703755
Very rude sirs. May your cows be eaten by leapords

>>49705050
>based on racist, doomsday, and antigovernment conspiracy theories
That's a lot of synonyms for "correct". Anyway, thanks for the bait, it's appreciated on slow days like today.

>>49706269
The tech trannies and other stock investors are seething that the money is moving into real things.

>>49702595
good morning sir

>>49682991
Heat shock. Notice they are all black and there is no shade.

>>49689140
Apparently Russian production surprised to upside or something
Here is the copium
https://twitter.com/AndurandPierre/status/1537384567019032578
>By the end of the year we will lose a significant amount of Russian oil and there will be no more (or at least a lot less) strategic stocks being released. In order to balance the market we will need either a massive recession/financial crisis, or rationing being implemented 3/5

>>49706618
When will we see that though? I really wanted to quit my job since I've been funneling into commodities and I cannot stand not "feeling right"

But on the upside, SOXL poster must be suicidal about now.

>Mfw I see everything tank

Fuuck please fall further and for longer.
I really hope we go and visit those lower resistance points in Uranium and other stocks.
Makes it absolutely piss easy to get +10 baggers all over the place if we get entry at those levels.

>>49708658
This. I'm not panicing this time.

Did everyone in alphamin really get fucked by some random gunfire 100's of miles away or did I miss something? Not invested in them just curious.

Fucking hell that market open

>>49708772

I'm down over -40% because I got in so late to this game, but I couldn't be happier.
I want to see my portfolio get absolutely fucked to -80% or even lower, because I want those cheap stocks.
This commodity market isn't a matter of if but when and these entries are going to be ridiculously good as we still haven't decoupled from the wider markets.
Best part is that the Fed pretty much said that they're going to follow the data and we know the data is going to force them to be even more aggressive because their small raises do fuckall to curtail the inflation, so there's no lasting rally coming to this market for now.
If we're lucky the lows might actually crab for a while and let us accumulate comfortably.

i'm losing a lot of money

The beatdown continues. It might not be long until Gold Mountain eclipses Bayhorse as the shittiest performing favourite.

What happened on June 7? Most stocks did a pretty significant rally and then started going red ever since

>>49708658
>>49708772
Waiting for UUUU to hit about $4.60 and I'll probably get 200 more shares... ideally below $3.50
Seriously if youre gonna baghold, get something that pays divvies or is optionable

Its only gold stocks. Gold itself is flat on the day believe it or not

Is everything just in a massive fucking bubble except for fiat and PMs? I don't get it. I thought energy commodities weren't so exposed to this but I feel dumb now. What is going on. How can uranium be tied to the stock market?
About 50:50 URNM and UUUU. Wtfwt.

>>49679574
USOI>USO

>>49709935
Of course the markets are tied. We have barely started the process of decoupling.
The markets have been completely filled with total retards for the past 15 years, who have never even seen a slight downturn and we're about to witness the repetition of the insane situation of the 70s.
These morons are jumping all over the place and causing volatility.
Also there's the fact that everything is operating on debt. People are selling their assets to cover their asses and stuff like this will cause even inflation resistant things to get fucked initially.
Things are only going to calm down when everyone has been shaken out and when the big money has rotated itself into hard assets.

Just treat it all like a massive buying opportunity. There hasn't been any kind of a breakdown in fundamentals. If anything they're getting stronger by the day, because you simply can't print energy or real production.
Now is just the shakeout period where all frightened money gets kicked out and the really big boys are loading up behind the scenes in all silence.

>>49710314
Based, commodities aren't expensive, they just went up with the liq. in 2021 decoupling is absolutely necessary

>>49705566
>The world is going through serious upheaval
Compared to what? This is business as usual during an incredible age of peace and prosperity. You just got old enough to watch the news so you think the first 18 years of your life were the greatest times ever.
>and commodities have been shorted to oblivion for a few decades.
bullshit
>Energy shortages are real, check out Australia's news just fucking yesterday about how they're running short.
You seem to have enough energy to post here.
>Add to that some stupid fucking boomers kneeling to a dumb cunt Nordic teenager.
oh no
>I doubt we're wrong but I'm open to hearing how we are.
you only hear things that support your worldview while denying things that disagree with it. You narrow your scope to a small set of facts and say to yourself, "There, see, we are right!"
just outside your view you're completely wrong.

Mannarino is all in in commodities

>>49710794
>uhh actually you're a dumb teenager
>uhh that's wrong just trust me
>I have a potato, therefore there's no potato famine and never will be
>I could tell you why you're wrong but I'm too smart and you're too dumb
lol
lmao

>>49711269
Good

>>49711367
If you ever want to be right about anything you have to first consider the possibility that you may be wrong.

you have no doubts about any of your beliefs, so you're almost certainly wrong. The really funny part is when you guys lose all your money and then wonder what the hell happened. How could everyone else be so wrong? kek

clownworld is just what you guys call it when you're retarded and want to blame everyone but yourselves.

>>49710314
If it's still crashing then why tf would anyone buy le fucking dip?

>>49694329
>>49692560

I'm not going to sell unless the fundamentals change significantly anyway so it's all good. Just got to keep my eye on it and maybe average down unless I find better sectors to buy into.

>>49712066
Because you can't time the bottom retard

>>49710794
>You just got old enough to watch the news
Ah, a boomer who watches MSNBC and FOX to get both sides

>>49712675
>watch it go to zero
>pull the trigger
You're welcome

>>49712675
>I can't time the bottom retard

Here fixed that for u

>>49711880
This is what hard projection looks like

>>49709935
Start thinking before buying, it pays off

>>49709414
Its becoming more and more interesting honestly, I'm quite tempted to slurp.

>>49709935
Because you're late in the game. We shilled Uranium mid 2020. Lot of stock already did x10. How many times do we have to say it, lot of gains still to be made but remember, you are not early. I repeat, you are not early.

>>49714620
Japan lost its fight against yields...

Something is breaking.

>>49713477
>a boomer who watches MSNBC and FOX to get both sides
I don't watch news, it's depressing shit carefully selected and presented to depress you.

you faggots clearly watch news though. You think the world is going to shit because that's all the news is paid to tell you.

>>49714789
It's not just depression porn, that's simply one aspect of it being complete propaganda. I don't watch news, that's why I know Ukraine isn't winning

>>49714834
>I don't watch news, that's why I know Ukraine isn't winning
why would anyone expect Ukraine to win? Russia's army is performing like a pack of monkeys fucking a doorknob, but at the end of the day Russia is huge. Innept, stupid, poorly equipped, disinterested in fighting, but huge.

>>49714911
>why would anyone expect Ukraine to win?
Because a large percent of the country are TV watchers, and the TV tells them either nothing or pro-ukraine propaganda

>>49714951
nobody expected Ukraine to last a week against the russian military. We're all just sorta impressed they still exist.

also absolutely dumbstruck about how terrible russia's war machine is. It's embarrassing we were ever scared of that clusterfuck. I'm guessing the state of Alabama alone could defeat Russia.

>>49715091
>he thinks Ukraine lasted against Russia
>he thinks Russia war machine is bad
You are not better than normies, equally retarded.

>>49715091
>It's embarrassing we were ever scared of that clusterfuck. I'm guessing the state of Alabama alone could defeat Russia.
It only turned into a paper tiger after around 2005 or so. You can track their economic downturn and directly correlate that to their current state.

When will it be our turn?

>>49715164
>You can track their economic downturn and directly correlate that to their current state.
agree. That's what me and the guys at work decided after checking the age of the equipment russia was fielding.

>>49715091
At this point the Russian military has more modern combat experience than the entirety of NATOs bookworms

>>49715574
kek
that's true, but so does Ukraine by now

>>49714620
Over $18M in the bank, may be worth the bet if it goes lower. There was some chatter on CEO that shipments were barely going to New Afton which lines up with the latest NR that something needs to be "fixed" with the mining. They may not be profitable either, we'll have to see.

>>49714752
what impact will this have on the market for big booba Jap QTs?

>>49717180
Buyer's market wagmi

>>49717350
sweet!

So which is more likely, will the market go and stay down except for commodities which will then rocket? Because I was planning on riding commodities but am second guessing and wondering if this is a buying opportunity for "normal stocks". Give me hopium.

>>49715185
Unironically when Bitcoin gets obliterated after Wall St dump it back to fuck-all and the baggies use their remaining money to buy the true money like they always should have. Crypto was a red herring that appeared at the worst possible time.

Buying more oil kek

>>49719012
Every overvalued tech/"innovative" stock going down is freeing up cash to go somewhere else. CMMG thinks a decent amount of this cash will flow into commodities, especially in high inflation since sitting it cash isn't a good strategy, bonds will blow up, what else is left? Especially will crypto blowing up, commodities are about to gigapump unless the system actually collapses in on itself in which case hopefully you have your bullets, food, gold in hand.

What is up with some PM miners? Novo resources up +40% '(explained by just pairing losses from a flash crash), Eloro +13%, Eskay +18%
>>49717350
Surely for foreigners, yen has tanked

>>49720933
>What is up with some PM miners? Novo resources up +40%
Management probably reassuring some big shareholders that everything will be ok so they slurped the dip. Only half a million leaf dollars traded.
These stocks can get very volatile especially when crashing. Magna Gold also had some extremely vol lately. Looks like they are having some trouble getting to profitability. High oil prices probably not treating them well with their low grade OP heap leach mine.

BLUE LAGOON CHADS REPORT IN, THIS IS NOT A DRILL

>>49720526
Yeah, you're right. God damn, please let this be my ticket to freedom.

>>49721421
wtf happened ??!

>>49721421
>>49721542
not the only one, someone must have leaked or pumped it

>>49721542
Some nigger had 100k shares sitting at $0.42 for days thinking they can flip it, now they got cleaned out and asks Ran away. Get boned TD.

>>49721631
So false alarm?

>>49721455
>Yeah, you're right.
no he's not

commodity prices are almost entirely decided by commodity producers and the industries that consume them. Not you, not me, not investors.

in fact commodities markets are 'rigged' by producers and industrial consumers so that investors CAN'T move the price significantly.

>>49721915
No, someone cleaned out the asks, they think they know something.

>>49721421
104k shares checking in. Are we finally gonna make it? Who else is in 100k club for poo?

>>49722914
>100k club

>>49722097
What are derivatives for $300 Jerome.

I believe Syscon is going to do a 10x real soon. Next month's projection shows that it specifically appears to be a bullish month where all altcoins would pump fast. This wouldn’t be an exception.

>>49723381
>What are derivatives for $300
derivatives are a financial instrument that requires both a buyer and a seller.

they're also the method commodities producers and consumer hold the price steady no matter what investors do. Unless an investor can afford to buy up the entire market inventory for the next year, ten times over, they have affect on price.

Unusual options for today: someone wrote 100k calls between AAPL, NVDA and AMG, either atm or slightly otm, with 1dte
This tells me that someone is expecting bearish price action tomorrow (quad witch). I'll probably grab some SQQQ if it opens green

https://www.mycariboonow.com/81705/featured/bonanza-ledge-mine-near-wells-put-into-temporary-care-and-maintenance/

well i guess thats over with for a few years. Oh well.

>>49726019
Sorry to hear that Pan, I almost took a job there a few years ago... Any rumours on why they are stepping away for a while?

>>49726235
Cost over runs for shipping ore to the mill, too much ore stockpiled on site at the mine and mill, and a list of other issues basically killed the project. I am glad i got out when i did. It sounds like their down for about 3 years but it could change with new management. Its going to hurt a lot of friends.

bump

>>49722914
530k, not selling a single share until we see $4.xx

quick bump!
https://www.mining.com/bhp-to-shut-mt-arthur-coal-mine-as-buyers-walk/
interesting as the price of a tonne of coal has never been higher.

>>49729330
https://finance.yahoo.com/news/bunker-hill-closes-pend-oreille-110000483.html
The after we were bullshitting and you asked me about the mill they answered your question Pan. kek
Still Prepping the BHLL and getting fucked by a Gayhorse....you still have miner/gambler confidence on Surge Copper? Nothing has swayed you negative? I took a little nibble months ago after you told us about them

>>49729760
Surge seems solid for this season, they hired about 50 people for a massive on the ground exploration program so their seriously interested in building up their project. Also, great to see Bunker hill working to get their mill dismantled and moved to the new site, seeing bunker hill operational again would be sweet.

I'm catching up on some Andys and laughed because people saying the housing crash is coming really pisses him off. He lost his temper a bit and said people calling that are retarded.

>>49714752
Quick release more oil from the SPR! That'll fix it!

What are some solid companies that are optionable?
Other than like, VALE and GOLD?

>>49682991
Why didnt they just plant trees or build tents? Seems like it could have been avoided for years

>>49730991
no water available for livestock was what really did these poor animals in.

>>49721421
goddamn it go back down, I'm not done slurping

I think that uranium is close to decoupling, red ASX today but EL8 is green. Also UEC outperformed the indices only being 1 percent red.

>>49730991
Looks like something to do with water.

I thought I'd post some additional observations about the purported gold finding in Uganda. Uganda claims that it has a deposit of 31 million tons of gold ore with an estimated pure gold extraction of 320,000 tons. I think that right there pretty much confirms what I suspected rigth from the start: It's a fraud.

Unless I misunderstand the terminology about what gold ore is, Uganda is claiming that approximatley 1% of the ore is pure gold. Put in other terms, for every 1 ton of earth they dig up, there are 10 kilograms of gold. The typical mining reports I see have mines yielding 8 to 12 grams (0.008 to 0.012 kilograms) per ton of ore processed.

The Uganda numbers are ridiculously high.

Panman: Do I misunderstand what gold ore is?

Why isn’t lithium mentioned here?

>>49734685
its mentioned a lot honestly, but right now a lot of the major lithium producing countries, especially in south / central america are looking at nationalization efforts to control their resources better, including lithium. Mexico just did this for example. Lithium is critical to "green" technologies but were probably going to see serious issues with private invested projects and governments going at it to figure out ownership or royalties.

>>49735208
>>49735208
Cheers Pan Man. Thanks for the response. I've got a decent amount in LAC and started a position in LTHM a few days ago. Plan is to DCA over the next little while.

With what you mentioned in regards to these specific countries creating hurdles, do you think the potential impact is enough to be cautious long term? Any advice in this space moving forward?

>>49735723
its difficult to say but yes i think in the long term were still going to be seeing serious issues with nations and private companies around lithium and the rare earth elements. It will heavily depend on how stable nations remain though, Peru for example has been seeing a lot of localized uprisings to do with resource extraction, what happens to companies who sign agreements with a government but than the nation gets overthrown and a new government or limited government comes in? do you setup a new deal or simply leave?