/biz/ - Business & Finance

first

Natty broes, are we winning yet?

>>54375123
>globohomo metal
>lithium bubble pop

>being this entrenched in your own ideology while trying to make trading decisions.

>>54376054
Works for me, bruv.
Everything .gov touches turns to shit. Battery metals are no exception.

>>54376297
What is it with you morons and being unable to comprehend anything outside of a narrow black and white perspective?

You do not have to be all in any side of this. If you truly had half a million dollars, you could have positions on both sides of the issue and still be making money.

Having six figures doesn't make you smart. You're betraying yourself to be a fucking idiot.

>>54376351
kek
I started with five figures in 2019. I don't want or need your retarded advice.
I made my money by going against popular NARRATIVES which didn't conform to reality. I take money from those who buy STORIES rather than apply mathematics and economics.
Battery metal fags are going to be in a world of pain, and I'll be the one waiting to collect, just like I did with natty.

>>54376469
>mistakes a bull market for brains

Many such cases. Catch you on the way down, moron.

The fact you respond to me as if I'm as retarded as you but on the opposite face of the coin is extremely telling of your IQ.

>mistakes a bull market for brains
Wrong again, retard.
I made most of my gains by shorting bull markets and bubbles.
I welcome more female brains to the marketplace as they are the ones moved by stories and narratives rather than by logic, mathematics and economics.
These boards are useful in that they reflect the degree of emotional involvement of the participants. You become my marks.

I bought $6 puts on jdst yesterday at market open. Does the commodities council approve on this exposure to pms being bullish?

>>54376672
Remember me in 10 years when you're living in poverty.

>>54375936
getting into a pretty attractive price for buying perhaps. Recession concerns weigh though.

>>54376297
The world needs batteries and lithium isn't the only metal. Idk how lithium because such a meme since it's not even the best metal for batteries
The green retards think the govt can fix any old problems they may have but the govt is completely inept, always which will undoubtedly lead to more nationalization and subsidies which will only create more retardation surrounding the ev meme

>>54375936
They keep drilling more rigs!

>>54376755
Yeah, good one.
I already have two houses, hundreds of acres of raw land, zero debt and a stash of tangible assets.
I'll wave when I pass your .gov nursing home that your kids will send you to once the bank forecloses on your single-wide trailer.

>>54376297
one day I'll have a big portfolio too. Got any advice to give?

>>54376847
Playing pretend like a tranny, I see.

>>54376865
>Got any advice to give?
Don't follow anyone, assume that all narratives are bullshit until proven otherwise, and always do your own due diligence.

>>54376917
so basically keep doing what I've been doing so far. Got it thanks. I think I've done pretty well so far but maybe it's just beginner's luck. The next two or three years will probably tell me whether it was just luck or not

EIA Beeg draw.

Serious question, where do I move my mining stocks so even if major banks collapse I still have access to them and can buy/sell? I am on schwab brokerage.

>>54378538
You don't lose stocks/bonds if a bank goes bankrupt. Lenders have no claim on those assets. It's only cash you can lose (over a certain amount, and even that is often bailed out as we just saw with SVB).

https://www.lewrockwell.com/2023/03/no_author/peter-schiff-this-is-a-sequel-to-2008-and-like-all-sequels-it-will-be-worse-than-the-original/

>>54375123
Thoughts on Oroco?

>>54381624
decent copper project, waiting to see what the feasibility study says

>>54378538

Your mining stocks have nothing to do with banks. Even if your brokerage went bankrupt, your stocks in your account are covered by SIPC insurance (up to $500k).

>>54382320
>your stocks in your account are covered by SIPC insurance (up to $500k).
*if you're a burger.

>>54382320
You're saying it's possible to lose stocks/bonds held at a bank/brokerage that goes bankrupt? Pretty sure that is not the case.

Canagold just filed an initial project description, which is an initial step towards permitting. Skimmed through it, not really any new info. They confirm project is expected to be around 1ktpd and 100koz/year.

>>54383597
comfy being a canagold bro. faggot rana should take note.

>>54383671
It has been pretty comfy lately ngl, curious to see the new resource. Should have added a couple hundred koz on top of infilling.

>>54383597
sweet i ll take a look in a bit!

https://www.mining.com/web/mexican-president-proposes-tougher-mining-laws-shorter-concessions/

Looks like bad news is headed for Mexican based miners, the government wants tougher regulations and shorter concessions.

Mountain Boy changing their retarded name

>>54384050
https://projects.eao.gov.bc.ca/p/63fe919f30ceae0022e0ca28/project-details

You can find it here if you weren't aware. It's not on their website.
>>54384965
Yeah Mexico has been going downhill for a while, like the rest of LA. Argonaut gold is guiding for a shutdown of two Mexican mines because they can't get the permits to keep them going. Those have been in operation for many years. It's pretty bad. And you don't even get a big country discount for Mexican plays.

>>54384965
I wish the metals run started already. The first ones I want to take profit on are any central south american ones. I have no confidence in holding them longer than necessary.

How much ore did Graeme mine this month? Is he still clearing out the big dog zone with all that high quality silver ore? I bet any day now his financials will show significant revenue, eh?

>>54385784
Same here, I probably need $28-$29 silver and $2100 gold to clean up the dogs of my portfolio and then let the best run

anyone know wtf happened to coal in the last few months?

granted it was getting silly when it hit $400 a tonne. china has been buying coal of us again too (ausfags). ive been using newcastle futures to track prices, is there a better futures market for coal?

>>54378538
DRS like the GMEtards do

>>54386029
We are heading into a recession, coal is going back below 100.

>>54385353
i saw that earlier too, shrinking the name so its easier to find.
>>54385397
mexico as a state is going down hill fast, eventually were going to see them implode.

>>54386656
Yea and like half of the US is basically colonized by Mexicans too, they will meet the same fate.

>>54386720
They will assimilate just as the irish and italians did

>>54386799
Fuck off bob.

if you won 20 million usd in lotto today, how much would convert to phyical gold/silver?

>>54386895
About 3.50

>>54386864
kek

>>54386895
Couple milly

>>54375123
opinions on Aurus Precious Metals? some anon has been shilling non-stop and it seems like a good way to earn some gold and silver

>>54388925
>>54388925
After about seven seconds of looking into it I am prepared to give you a thorough, concise assessment; and while being a somewhat abbreviated synopsis, you should consider it's weight heavy and it's consequences dire.
If you do not hold it, you do not own it.
Holding precious metals in your hand is an unparalleled experience. Divorced, inconceivable, and unfathomable to modernity and it's shapeless progeny of programmable consumers, boomer rocks are simultaneously completely devoid of value beyond the walls of nursing homes and farmers markets despite the value derived from executive orders outlawing it's ownership and marauding gangs that would happily rob or even murder suspected owners of such worthless items. PMs are so worthless that governments and criminals would seek to take them from you by force.
If you have crypto they can't take it from you. I could just die with the code in my head and they'll still be poor

>>54386720
You know we didn't just send them all elsewhere after the Louisiana purchase and annexations further west, right?
No offense here m8 but do you realize how fucking huge the US is? It's just silly. Some of these people were here before Europeans sailed westward. They're not leaving.
Without social welfare programs we'd have to build a fence to keep people in. The government is the problem

>>54386029
It was a combination of the winter season missing and being mild and extra supply coming from developing nations. It does seem like we've passed the bottom for now. Holding WHC for the last few months has been a rough ride though.

>>54389609
Actually you did throw them out. I believe even as recent as the 50s, all the mexicans living in texas were expelled. All sources say you were close to 90% white in 1960 with like 1% being hispanics, there is no reason why they would lie about this.

>>54389609
>>54391168
Y'all getting educated by a Dane about your own country.
https://en.m.wikipedia.org/wiki/Mexican_Repatriation

>>54391168
>close to 90% white
Is this true of any country these days? I'm so sick of seeing niggers bros

>>54391608
We are still 90% white. Eastern European countries are generally 99-100% white still.

>>54391956
Day: brightened

Oh, noes, natty broes!

Argochads rise up.

>>54385942
Why not clean them up right now and acquire better assets instead? Never understood the mentality of needing to break even on terrible positions.
>>54386029
The way I rationalize it is recession fears, lower energy prices (also seasonality) and maybe increased production in Indonesia/India/China but I don't have data on that last point. It is getting to a level where I'm more interested in buying again though
>>54386895
Probably no more than 25%. It's insurance and as Rick Rule puts it, volatile liquidity.
>>54394029
Surely this is the bottom!

>>54394029
Not anymore please.

Morning all hows things?
https://www.mining.com/web/australia-risks-losing-pole-position-in-critical-minerals-race/

>>54395533
Nice double dubs anon. I was thinking if I'll be able to find an unvaxxed girl to get married to. I'm ngmi.

>>54395707
Aren't you the Indian? didn't think many indians took the clot shot

>>54391288
God morgen dansker anon.

>>54395757
Yeah, I know only one person, 18 year old qt who is unvaxxed, rest all are vaxxed.

It’s literally happening. Gold is going for it. Two years of comfy posting with renewable Dane fag and pan man are over bros. Hold on tight

>>54395825
Nein, I'm not done stacking.

>>54395765
Good morning, sir.
>>54395791
That's crazy. Maybe the overall vaccination rate is just low because the low castes didn't get it. I'm a pureblood too, hopefully I can also find a non clotted female to impregnate.

>>54395825

>>54391168
Texas isn't the entire country. If we're cherry picking data then picrel is my cherry picked data of lassen county where I live and have never seen more than two niggers at the same time.
But hey whatever helps you sleep at night duud

>>54395877
Yagmi anon, you'll find an unvaxxed qt.

>>54395900
Won't be long until you get BEANED too

>>54395948
Again, without the government handouts the likelihood is zero or maybe even lower. I'm sorry you have to see niggers everywhere you look, even the mirror. The handful of beaners I know here have been here for many generations. Long before California was a state so they're not going anywhere anytime soon. I know you want me to believe your maps instead of my lying eyes

>>54396037
>Again, without the government handouts the likelihood is zero or maybe even lower
Cope. They would still come because the wages are higher. Cali is shit now because of non-white immigration, that is a fact and there's no way around it. Sorry it doesn't fit into your ideology.
Also whiter than u

What's this pattern called fellas?

>>54396103
>Wages
What jobs are a beacon in lassen county? Kek
>Whiter
Dead give away that you aren't white at all
If you were white you'd stop using nigger logic. As a socialist, your ideology is far worse than mine. I don't worship the state as nothing good ever comes from the state. Without government socialism to hand out blank checks we would have to build a wall to keep people in this country
I don't intend to kill the government I intend to kill people like you that worship the government. So be sure to stay in your own nigger filled hell begging the state to do things for you. I'm sure it'll be grand

>>54396109
Wrong pic
Fucking joke isn't funny now damnit

>>54396236
>What jobs are a beacon in lassen county? Kek
Plenty of Mexicans that want to live like you do. You think Lassen county was always 80% white? it was probably 95% white just 20 years ago. In another 20 it's going to be 60% white.
Do you know the concept of realpolitik? you are still living in fantasy land where pigs can fly. The only way you can have your ancap dream is in Africa. But for some reason I'm guessing you don't want to move there. But it has nothing to do with race, right? kek

>>54396317
I bet the prison (the government) has a lot to do with that. It's rugged country up here and flat lander faggots would never make it for more than a few hours
>Anacap dream
Yeah I better start licking boots and worshipping the state or those beaners that the state is importing is going to take us over
Fucking idiot

https://schiffgold.com/key-gold-news/tennessee-governor-signs-bill-authorizing-state-gold-and-silver-reserves/The passage of HB1479 sets a foundation for sound money in Tennessee.
From the article
>It also takes another step in the process of abolishing the Federal Reserve system by attacking it from the bottom up – pulling the rug out from under it by working to make its functions irrelevant at the state and local levels, and setting the stage to undermine the Federal Reserve monopoly by introducing competition into the monetary system.

In a paper presented at the Mises Institute, Constitutional tender expert Professor William Greene said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it would effectively nullify the Federal Reserve and end the federal government’s monopoly on money.

Gold man says gold gongo up

NAT GAS SISTERS
NOT LIKE THIS

>>54376713
This has done fairly well, I might let it exercise and carry a naked short for a minute since gold is doing well

>>54396109
Cock'n'balls pattern.

Impact silver up almost 20% today
Is this just a reaction to spot price?

>>54396957
Nothing to do with spot price. There is just no more physical silver left so price goes up.

>>54396955

>>54396957
Impact bros have a lot of winning coming, it's been cheap for far too long

>>54396753
Honk honk

>>54397665
This is the second clown girl pic I've seen in an hour and now I'm nurturing a desire to fuck a girl in clown makeup.
I hope a good nights sleep cures, also I kind of hope it won't

>>54397686
Clown fetish is practically harmless. Thankfully you are not me.

>>54397758
>practically

>>54395533
hey Pan Man, did you get the chance to look into western copper / the casino mine?
I double checked with my source. All I can say is that people from an environmental assessment group will be spending a period of time on their land during the next quarter, which I assume means things may start to get rolling soon.

Thoughts on coal?
Seems like a decent investment what with the energy shortages.

>>54398276
sorry no i ve been busy but i saw a bit of the older work from around the 2010s that i remembered. Casino is a solid property, its been looked at for ages, I am more surprised it hadnt become a mine by now. I am waiting for ground to come open today, once thats done i ll have a more serious look at Casino for you!

>>54398521
Coal's been climbing over the last few years due to energy demand but i have no idea how long that will last. Coal plants across north america are coming up to their due by date, and its not really known how many will be worth putting the money into continuing to operate them. Asia is different, their still building new coal fired plants, as well as other power sources. Coal isnt going anywhere but its not going to be as lucrative down the road.

>>54398577
Gotcha.
I was thinking to diversify into some commodities since the general western economic outlook overall doesn't look so good.

Guanajuato en fuego, if silver goes to $50 what can we expect here a share?

https://www.lewrockwell.com/2023/03/jon-rappoport/the-geniuses-who-believe-ownership-of-private-property-and-wealth-are-crimes/
Based rappoport destroying the commie narrative

Jervois halts construction right near completion for to low cobalt prices.

https://missoulian.com/news/local/construction-stops-on-idaho-cobalt-mine-about-to-ship-ore/article_a902c284-ce6d-11ed-afd9-2f05ae9d45fa.html

>>54391168
>there is no reason why they would lie about this.
because telling the truth would get them deported

holy shit you're dumb sometimes.

>>54375123
What are the best uranium stocks sers?

>>54398546
cool, I'm looking forward to your take on it. In the mean time I'll do a bit more stacking

I haven't seen Red or Gary Savage since last week.

>>54400435
i didnt get the ground i was after, but was pleasantly surprised by a visit from a friend who dropped off an ancient Edison miners lamp. Weathers great too, so i may be a while.

>>54400536
Gonna need pics of that lamp

>>54400702
one moment! The head lamp its self is in a pretty sorry state and will need rewiring, but here is the battery pack. Its I think 1930s or 40s, i ve actually never seen this version before, but its from a local old timers house thats being cleaned out. I ve already removed the ancient battery cells, they were leaking some very unpleasant stuff. I think i ll rewire it with a modern lithium ion cell setup. Its too cool to not reuse!

>>54400702
these were lead acid batteries, they had fill caps that make me think their very early, the tops of the cells were leather cased, with rubber internals. All the rubber was turning to a thick gel, so very out of order.

>Gold mooning apparently
Doesn't matter, just need silver to outpace it

>>54398521
Hard to say whether coal has found a bottom here or not. It's still rather high relative to recent years so I tend to think there is room to the downside

>>54400286
Kazatomprom and Cameco, the former of which is fundamentally better and cheaper but less favored by generalists. Nexgen has the best development asset but permitting is taking its sweet time. Others worth looking at are Denison; Global Atomic; Encore

>>54400495
He literally sold the bottom and went short and lost like 20k and then blamed it on jews
>muh TA

>>54401572
Was he the one doing the whole
>I traded right but the entire system conspired against me!
posts?

https://www.youtube.com/watch?v=mhfxB2XcqnE

>>54400085
thats a shame, i was reading about how far that project got before they stopped. Hopefully prices pop back up soon.

>>54401568
Thank you kind ser

If you divide the price of Gold by the M2 monetary supply, you might notice a couple things.
One is that the spot price has been trading sideways for eight years in real terms. Another is that for the first time in a couple years we have a monthly close above the 200 wma, assuming the bottom doesn't drop out tomorrow.
Idk, just kind of interesting.

Textbook breakout, retest, resumption triggered. That's interesting.

Textbook breakout, retest, resumption triggered. That's interesting.

>>54404474
>the spot price has been trading sideways for eight years in real terms
brainlet here but isn't that exactly what gold is supposed to do over time? holding the same relative value in the face of currency debasement, such that it can still be traded for the same amount of stuff even after a lot of inflation happens

>>54396260
The JP Morgan shuffle

>>54404811
the context of real terms in his post is the amount of money in the system which will lead to dilution of that currency
are finite resource like gold cant keep up to infinite printed money

>>54404811

Looks like most of gold / silver mining is taking off, last moment to load up gents.

>>54405181
Please, sirs, my Poo Lagoon...

Thungela is paying out almost 20% of its current market cap in a couple of weeks. Ex-div April 19. Obviously not sustainable but it's great yield nonetheless.

IM KNEE DEEP IN THE NIGGER LAGOON

>>54401568
Dennison Mines is a hilarious rollercoaster, down to $1 or 0.95c one month, up to 1.30-1.60 the next two. I keep buying in at $1 and holding until Ze Final Swingy comes and I avoid the (rope)

>>54405781
Please be respectful of other cultures, it's POO LAGOON sirs.

Hello sirs, yuropoor here. I'm thinking about spreading about 15k EUR over the following 10 assets by the end of the year:

-Glencore
-BHP
-Rio Tinto
-Newmont
-Freeport McMoRan
-Sprott Uranium Miners
-Vale
-Rock Tech Litium
-Hecla mining
-VanEck Gold Miners ETF

Any remarks about these picks and should I consider dropping some of them and replacing them with something else?

>>54375123
https://youtu.be/1sFyrfqTdcg

>>54405197
>>54406131
Poo is my only metal position that is currently red. Everything else is doing 5-20% daily. What gives?

https://www.mining.com/australian-man-finds-giant-gold-nugget-worth-160k/

big nuggy

>>54406608
Quite a heavy iron ore allocation with each of the big three (RIO, BHP, VALE). Also no oil exposure since BHP spun off their oil segment a while ago. Maybe add Exxon idk

>>54406608
I have HL, even thought the dividend isn't much now, it's nice to be paid something to wait.

>>54406608
I have HL, the dividend isn't much now but it rises as silver price increases, and it's nice to be paid something to wait.

Check out some of those drillholes from Collective Mining broes

>276.3m @ 2.95gpt AuEq from surface + first 33m oxides @ 4.87gpt AuEq
>359.15m @ 3.32gpt AuEq from surface + first 35.30m oxides @ 8.06gpt AuEq + final 47.85m @ 5.58gpt AuEq starting at 318.30m until end of hole
>384.7m @ 2.46gpt AuEq, incl. 109.80m @ 4.14 gpt AuEq from surface, of which 42.35m @ 5.08gpt AuEq is oxides from surface

and so on. Quite insane how low this is valued and how it doesn't move with results like these. These results are recurring too, newest release was yesterday. They just closed a C$30M bought deal financing as well. How this company is trading almost 50% below Snowline is stunning upon first glance to me. I would consider these results better!

>>54408690
Nice short mate!

>>54408544
>Colombia
I'm surprised these guys are alive to drill

>>54408544
>>54408865
Yeah I'm not investing in Colombia.

>>54408865
>>54409004
Yeah and they grade smeared too so let's forget that ever happened

Looks like Galleon is on track to start test mining as soon as Q4. If gold price stays up they could do really well.

Anybody gotten any further with the lundin list? I contacted dick drool but got nothing back yet. One anon said he was also waiting to hear back.
>Green day after a month of bloodshed
Cartoonist bounce from source energy services up >17% today on no news
I'm gonna go thru the lundin list one more time but sadly I don't know that much about any of these companies

>>54409504
Checked sedar, as of Nov '22 Galleon had cash of $517,218. Financing is required to get rolling but at around $2k gold they should get it.

>>54396957
Just bought 850 shares thx

>>54409642
>the lundin list
the what?

where short NVDA for a long hold $289? I don't care if I have to hold for a while

>>54410230
hey buddy I think you got the wrong general. The Lum club is two pages down

>>54410203
A few threads back a list was dumped here for dig in. I brought them all up to Rick rule but haven't gotten a response this was maybe 10~ days ago
Sorry I don't have a link for ya to the other bread but the archives will help you
I'm busy this wkend. Got that butcher board finished finally. Building a router sled to make mirror finishes. Slaughtering pigs and roofing too!!
Fun shit!

>>54404859
What happened ~2015?

Q1 top 10

What do I fucking buy?

Are other Gold/silver bullion hedges other than PSLV safe? What should I look out for? I'm looking at iShares and SPDR.

>>54409504
>>54409750
>my body is ready

Anyone want to guess which juniors will post their bad news Friday evening?

>>54409504
Is Galleon finally a buy?

>>54411682
mine too, Galleon went up this week, now .20

>>54412195
could be, I think they're waiting on permits that should be easy in Timmins, then they raise money to test mine. they could turn a nice profit at $2k gold if everything goes well

>>54412195
It was a buy, but now it's way overbought.

Well friends thats it for me, bought puts today if we dont dump in the next 2 mo my account goes to zero and Im done trading options

>>54412609
if gold blasts through $2k and is $2100+ when they test mine Galleon Chads will WAGMI hard

Seriously is Red dead? Also Gary Savage disappeared.

>>54413186
havent seen the guy in a while, hes probably busy.
https://www.mining.com/barrick-gold-png-ink-new-deal-to-restart-porgera-mine/

Barrick's finally restarting their cursed Porgera Mine in PNG, I wonder how thats going to turn out.

Had a botched gold/silver pairs trade that lost $40, then a good trade that got me about $60, minus fees I'm ahead by $40. Felt pretty comfy the whole time, metals tend to trend pretty strongly.
Ended up exiting because RSI on the ratio dipped below 30, and the last time it did that, it was December and it had two giant fuck-you candles that would've erased my gains

YOU WILL OWN NOTHING AND BE HAPPY

>>54412336
>>54412609
if Galleon was shit at Gold 1800, what makes you think it's a screaming buy at 2000? it's a shitstock thats only good for speculation, not that there's anything wrong w/ speculation

Bought 3000 galleon

>>54413655
All the central banks be speculating in rocks while the goys put their monies in fiat.

I don't like Galleon Gold at all.

Just reached 1600 on lichess. I'm always going to be a midwit loser. How do I escape mediocrity? GSR is back to 80. Ahhhhhhhhhhh!

>>54414637
Always found chess boring desu

>>54414637
A good first step is stop playing chess for any other purpose other than entertainment. Ranked chess is a waste of time where both players repeat moves and situations by the book for 90% of the time. And besides the game is already "solved" anyways

>>54411715
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1082-tsx/fr/138911-first-majestic-announces-2022-mineral-reserve-and-mineral-resource-estimates.html

Not sure if it's worse than what people expected, but I noticed they only have 6 years of reserves. And they are losing money. And they are expensive even on a P/S basis. If anyone is in this dog, use this recent bounce to gtfo.

>>54413655
Galleon management was claiming 3 Moz in interviews, then the MRE came out barely 1.5 Moz. Their 50 000m drill program added a mere 300 Koz to the previous owner's PEA..

>>54414804
what a crap setup for such a large company. They are terribly positioned. I wonder why they havent done anymore exploration work, or looked for ground from other juniors?

>>54414943
I think management is pretty bad tbqh. Recently demonstrated by the absurdly terrible acquisition of Jerritt Canyon.

>>54414983
Jerritt Canyon screams corporate fuck up, a massive shame over all, because First Majestic does have a lot of potential.

>>54414804
Is there no way they will make it? I recall when this place loved the ceo for being anti comex.

Bump for lithium gold silv stonks

>>54415210
If silver goes way up and stays there they should be making decent money, but even with silver at $25 they will be making peanuts, if anything compared to their mkt cap. There are probably other silver stocks that are better, although silver stocks in general are expensive.

>>54415393
>>54415210
I haven't run the numbers, but I doubt they will even make their market cap in profits if silver went to $30 tomorrow and stayed there for the remainder of their reserve lives.

>>54414933
>Galleon management was claiming 3 Moz in interviews, then the MRE came out barely 1.5 Moz. Their 50 000m drill program added a mere 300 Koz to the previous owner's PEA..
exactly. fuck Galleon

>>54415414
Their mkt cap is $1.9B. They have 60Moz of silver in reserves (also some gold and base metals), they would be able to convert resources to reserves at higher silver prices, but if we just look at reserves they would need to earn more $30/oz in NET PROFIT per silver ounce produced to make their mkt cap in profits before reserves run out. That is like $45/oz in pre tax profit. Right now they are making $0/oz in profit.

Bumping

>>54416121
Awesome, bro. Glad you didn't get fried.

>>54414933
Not exactly true, might have been a director that talked up the ounces. Less than 10% of the property is explored and it's open in all directions and at depth. They can drill a lot more once they get that first 22,600 oz of gold and sell it at $1900+ so they could end up way over 3Moz

remember when people said gold would be the last commodity to moon in a commodity cycle?

does anyone here know when will the worldbank release the macro economic data for 2022 like global gdp...etc and those figures for each country now its still only 2021 stuff

>>54416320
Iirc silver trails gold in hyperinflation. Weimar off the top of my head

>>54416938
there is no hyperinflation now
there will be more drastic disinflation in the upcoming months

I have 500 to invest, what do I buy?

>>54417613
dude weed n shrooms

>>54417879
>>54417613
You joke but I previously had a position in TRUFF thanks to /smg/ shilling it, but I suppose that if it hits the shill/mania phase you get burned (lost about $300 on it, nbd).
Anyways, I rotated what I had into a position in PSYK today.
It crossed my baseline, had two confirmations, and the RSI was overbought and heading upwards.

anyone want to have a look at this company?
https://recyclico.com/

I am pretty sure they used to be known as American Manganese. Their sitting on some ground i want in the Skeena district, known as Roche Dedule, I have no idea if their actually interested in the mineral rights still or just focusing on lithium recycling now.

>>54418408
>American Manganese
Well what happened to them?

>>54418554
it appears they dumped their old junior mining plans and switched entirely towards lithium related ventures. They hold a lot of ground still, but dont seem to have any plans for the near term future on their ground, perhaps their looking for a buyer for the territory.

>>54414983
not surprised considering Keith got married twice. I guess losing everything once isn't enough

>>54389499
Chances of government confiscation of PMs even though there's no gold standard?

>>54418582
But like, any buyouts, name changes, change of CEOs? I looked at both companies on sec.gov and found nothing, though obviously one is (((Canadian)))

>>54417339
>disinflation
A fellow MSNBC enjoyer I see
>>54418962
Basel iii
It's coming so prepare for it
>>54417613
A bolt action rifle and one brand/load of ammo. Once you learn your rifle you should be able to hit a pumpkin at 500m regardless of windage
$400 for a Remington 700, Ruger m77, or Browning x bolt. PanMan swears by the savage axis which has a similar Mauser style action as literally all the other flagship models I mentioned just now, so I'm certain that rifle is as reliable as the units I listed.
I hope this helps you out desu. Time is short

>>54419178
>Basel iii
What is this in relation to PMs? Wikipedia doesn't mention gold, qrd?

>>54419213
Special drawing rights have been global currency for decades now. Basel iii is just a narrowing or consolidation of banking globally in this regard. I would do a qrd of SDRs and Basel iii. It could dogggs me tho

>>54419320
I don't know what any of this means, I just like buying shiny rocks because my life is hollow and they bring me warmth. Please grace me with your knowledge if you can find a safe way to do so.

>>54416163
Me too. Turns out that lots of ways to skin this cat. But the glue is burning before the wood. So I'm gonna have to find a way to increase a) the surface tension of the water or b) the overall amperage of the work between the poles.
I don't want get hurt I just wanna build nice, useful things.

>>54419375
>Shiny rocks
Ask anyone itt and they'll tell you the same thing: shiny rocks are perfect for poorfags like you and I. Buy it and forget it. You won't have to check spot price, share price, trade volume, nothing. You buy it and you sit on it. Fucking easy. If you have to go hungry to buy PMs then you don't need them. If you have a couple months salary saved then stack away schizo prepper shit.
What good are metals if you don't have the supplies necessary to survive long enough to spend them?
/pmg/ can help you
/pol/ has some prepper threads
/diy/ is worth gleaning as well

You won't get rich if you can't survive

>>54419375
My understanding
>It's not fair for USD to be the sole international currency, due to centralization or other risks inherent
>SDR is a basket of intl currencies
>Cannot be used by private entities, each country receives an amount by IMF, basically tickets to help out of tricky spots, with big countries having little use (can't trade them) and small countries getting the most help
>Instead of using USD to settle intl trades, it is suggested to use SDR units
-
>Most central banks have gold backed assets, which ripples through the country's banking system via fractional reserve banking
>With SDRs backing a digital currency, the implication is that money is entirely electronic and tracked, with no pesky things like people hoarding gold

>>54419470
Noted, currently my threshold of fiat is 10k minimum, and I got payed so I have 11k. Live with parents so no expenses and nepotism improving my job prospects, I'm not particularly concerned about complete collapse since I live in Canada and it's a mafia state. I'll make sure to look into some basic prepping stuff though.

>>54419488
So cbdc type shit?

>>54419488
Well yes but
>Basel iii no longer considers paper silver or gold as the same tier of asset as actually gold or silver
>SDRs are a way to act as a ballast, as you mentioned, but forward looking (which you implied but didn't specifically state)
>SDRs become a manner to suppress inflationary boil overs at a national level minimalizing the risk of subverting trade agreements and capital flight measures
This is the principal component that both cryptofurries and stonkfags simply cannot grasp. By the time you need to flee your mother's basement with 7000 Bitcoin and 25k shares of gme, there will be nowhere to run.
Personally, I wouldn't take the advice of some coke fueled schizo pot farmer giving free advice on a Paraguayan eyebrow threading image board.
If you're wealthy enough to be impacted by these changes in the banking system then I'm genuinely terrified you don't know this is looming.
Bottom line is you know enough to be here asking questions so you aren't exactly desperate, you're just befuddled.
Metals are for what comes after a collapse. Beans and bullets will keep you alive to spend your bullion
YAGMI anon. Invest in yourself. Independence. Sovereignty. Integrity.
Nobody can take these from you

>>54419535
It sounds dumb but it's always preached here
>DCA
Dollar cost average
I walked into a sporting goods store years ago and they had a half off sock sale. I asked if this included smartwool brand socks.
"Yes"
I told her to ask a manager to verify. The manager was standing beside her and confirmed it. I went to the sock display and got every pair that was my size and the same color, even sent one of them back to check I had bought every last one in the store while I coaxed the manager into checking inventory at other locations.
Now I only wear smartwool brand socks and they all wear at the same rate and they can't get mismatched in the wash. Sounds dumb but I haven't thought about socks for seven years and counting and none of my socks are wearing thing.
Don't buy it unless 1)you need it B) it's on sale 3)you can pass the cost to a customer down the line
Bobs meme is true: you want some meaning in your life? Start a business
I'm grateful for my failures. Without them I wouldn't have learned to succeed

>>54419748
I don't spend money on anything except silver and booze. I'm 19 and I have some ideas I'm just bogged down by uni (debt free)

>>54419835
Well don't waste your time here. Cultivate your interests and hobbies into skills, combine those skills to gain a skill set, and use combinations of skills and skill sets to carve out your place in your world.
They can't take away your knowledge or experience so try to accumulate those

Mount Doom is coming up the pipes soon.

It's almost time for the big dive.

Hopefully the morons don't force nuclear reprisals.

Bitcoins gotta be worth at least $45,000 in a a year or so.

>>54420410
Thanks for the update James

>>54420718
I think 4chan is being raided by...
um
4chan.

>>54420781
Check the date

>>54420811
Oh I forgot
Thanks

>>54420811
Damn I guess I forgot about April fool's
The entire site will be unworkable
:gigachad:

My nephew gets baptized soon and I'll be his godfather
As a gift I've been thinking of creating a silver fund for him where I buy 50€ (1 or 2 ounces) every 2 months maybe? until his 18th birthday when he will be given the silver and can do with it whatever he wants
But I'm unsure how much I should I should be buying each year because I have my own PM purchases to make too...

>>54419213
Basel 3 reclassified gold as a tier 1 asset. Other than that IIRC Basel 3 tightened banks' reserve requirements (how much they have to hold in tier 1 assets / "pristine collateral" against their liabilities)

>>54420850
Buy the nephew some Sprott Physical G/S ETF and some select shares like Franco Nevada which will do very well over the extremely long run

>>54421103
Good idea but he needs some physical too and I'm not sure if I can manage some online portfolio for so long

>>54421113
I don't think you would need to manage a portfolio like that. My granny had bought me some bank shares when I was born, and only once I came of age did I even learn of them. I think my bank informed me of them can't quite remember. It wasn't much but they had done fairly well.

>>54418554
>Well what happened to them?
Larry croaked.
https://ceo.ca/@accesswire/recyclico-battery-materials-founder-president-and

>>54411100
I still haven't a clue about what you mean with "the lundin list" and I don't care enough to dig through the archives. Anyways, not sure if Rick answers those emails himself or not but he said in a recent interview that he just came back from a three week holiday. Said he was spotting pumas.

>>54418974
their news page doesnt work right now, but they are likely under new management. I ll keep an eye on them for down the road.

https://www.cbc.ca/news/canada/saskatchewan/first-nations-lay-claim-to-all-critical-mineral-rare-earth-minerals-1.6795871

Did anyone else see this? Good luck laying claim to the whole provinces mineral wealth.

I like SGML

>>54422540
kek, the grift never ends

>>54422540
They have a bigger chip on their shoulders than niggers. I suppose they expect whitey to dig out the minerals for them.

>>54422540
How else would they get money for booze and new casinos?

White man stole da resources from us !!

>>54422569
>>54422662
i get the feeling land acknowledgments are going to slowly go quiet after shit like this. No natives you dont own what you never used, so fuck off.

https://www.mining.com/web/un-to-start-taking-deep-sea-mining-applications-this-july/

Big win for deep sea mining, the UN is planning to start taking applications for mining operations in July this year.

>>54423912
Whats the takeaway here? All I know about is deep sea Manganese because of the (((Glomar Explorer)))

>>54422540
Sounds like REEs are going to be extremely relevant in the future. What happens if China goes nationalistic and stops exports?
Saskatchewan has a ton of energy abd metals. I'd call it a smart move by the natives but its extremely unrealistic. Could also be a globalhomo thing where they taper off
>sorry goy, no EVs for you after all, we cant get the materials we need, you'll have to spend $400 to fill up your gas or just take the bus now keh heh heh
On the other hand, clownworld schizo investing tells me to go long on REEs because it is the sound autists make and we are on a funny frog board

>>54423912
I thought deep sea mining was a meme? Does this show the shortage is real? Long term is it not bad for pm prices?

>>54424253
>>54423962
deep sea mining is still probably a meme right now, the tech isnt quite ready yet to work, but that doesnt stop developments. It may become viable in shallower environments, like off the coast of africa with placer tin, gold and diamonds. Also yes, most of these deep sea miners are looking for nodules, mostly manganese cobalt but also ones rich in copper nickel. Some are looking for VMS halos around deep sea vents, but thats yet to be figured out if its viable.

As for Sask and the native issue, its not likely to actually hold any water in legal senses. Natives are just being petulant as usual. Saskatchewan isnt going to hand over total control of its natural resources because some band management group is whining.

>>54424631
>its not likely to actually hold any water in legal senses
I think US and Canada both dealt with this over a century ago when we ruled that minerals don't necessarily belong to the land owner, they belong to whoever will harvest and sell them.

>>54424768
basically the natives are claiming that the old treaties they signed have a clause called below plow level (i am simplifying this its so much more convoluted). The idea is that anything below the plow level was "shared" resource between the government and the natives, but no one ever actually solidly clarified this, later treaties had a more solid base splitting the surface and land rights but the original treaties still have some power so its a headache.

>>54424870
Interesting
I think in the US the government acts as a clearinghouse for mineral claims, but doesn't technically own any minerals and can't legally engage in mining or exploration.

meaning they can't jointly share a resource they don't technically own. But that creates the same problem Canada has- since we don't really own our own minerals, pretty much any foreign country or company can come over here and mine them.

>>54425389
its similar for most of canada, you dont usually own the resources below your land, you have to get a free miners certificate and stake it to own them if no one else already did.

>>54424768
mineral rights may also belong to the surface right owners, usually not the company that comes around to drill a wildcat

quick bump!
https://www.mining.com/chart-demand-is-soaring-but-global-mining-is-not-expanding/

>>54426401
>mineral rights may also belong to the surface right owners,
yes, if the property ownership exists because of mineral rights ownership.

this is how my main house is. The land I live on was originally a mining claim, so when I bought the land I got the mineral rights as well.

but if I want I can sell the mineral rights and keep the land. I'm not going to do that because then whoever owns the mineral rights can knock my house down to mine under it, but if I wanted to I could do that.

In a lot of places that's not true, and we have cases in Colorado of oil wells and even mines going in people's back yards because they don't own the mineral rights.

either way, the natives didn't necessarily get mineral rights under US law when they got land allotments. This has caused problems in the past, e.g. the Homestake gold mine in the black hills is staked on Sioux land and that caused some wars.

>>54428123
>the Homestake gold mine in the black hills is staked on Sioux land and that caused some wars.
Paha Sapa to the Lakota/Dakota/Nakota and their affiliates and allies. Custer and friends died very directly for the Homestake mine. They're not the only ones.

>>54423962
>>54424631
It also wouldn't surprise me if some chinks tried to collude with natives to try and pull this shit for a kickback, to help control the price of REEs

>>54428353
If it's like the US, the natives can already claim up any minerals they want or buy out the current owners with casino cash

I live in traditional Ute country. The Utes put up casinos, made billions of dollars, and have begun buying back their old land.

>>54428353
or to simplify, they don't need the chinks to do this.

if the tribes legalized hookers and blow they'd probably be able to buy up the entire US and Canada in a weekend instead of our GDP going to mexican cartels every year.

obviously the airlines, mexico, and US christians wouldn't like this much, but if....

>>54421868
I'm sure some kind anon saved it

>>54428389
i am sure it will all get sorted out soon enough with enough bribes.

>>54430072
>i am sure it will all get sorted out soon enough with enough bribes.
when I first started working for the gov one of my bosses "jokingly" asked me for a bribe

I ignored him. He got fired. Not sure how often that happens.

>>54431021
He should have been skinned alive like the rest of you fucking commies

>>54431047
instead he got retired with full benefits for stealing your tax dollars

justice isn't real lassen

if justice were real you and me would both be dead
painfully

>>54431055
I pray very bright for a nuclear asteroid to take this pla rt out before it infects the rest of the universe

>>54431076
no worries, there's no way this infection is spreading

>>54431096
I'm in bed been sick all damn day. It was pretty here too. Left my bourbon at the ranch so I think that's what got me. Out of blow too left it at the missus and she found it so it gone forever now

>>54431106
sorry to hear it
a woman with blow and no dick to fuck is just a waste

>>54431125
Well maybe she'll commit suicide somewhere on the security camera so I can sell to YouTube and buy a river boat
Love from Kazakhstan

>>54431134
women rarely succeed at suicide despite lots of attempts

one might almost think they're incompetent.

Is this real?

>>54428123
>but if I want I can sell the mineral rights and keep the land. I'm not going to do that because then whoever owns the mineral rights can knock my house down to mine under it, but if I wanted to I could do that.
This I think is the main reason why the surface and mineral rights often don't belong to the same owner. Properties have changed hands and over time some owner has decided to sell only one or the other. Surface right owners get the short end of the stick when it comes to extraction so definitely a smart idea to hold onto those mineral rights

I find it highly suspicious that both Gary Savage and Red have been mia now two weeks.

>>54432351
Gary still posts daily on his premium sub. No idea where Red is, maybe one of the crazy tinder whores finally knifed him in his sleep, but he was the only person here leaking Gary's paid info.
As seemingly the only other sub ITT I would occasionally post addendums or corrections to said leaks but personally I'm not big on it.

New day, new ID.

Also I'm pretty sure Red has posted already ITT a couple days ago, you niggers just lack pattern recognition.

To the anon asking Rick Rule about the Lundins, he mentioned the Caserones acquisition by Lundin Mining in a recent Kitco interview. He said that he is slightly worried about the low grade of the deposit but that he thinks it will be accretive if they can reach nameplate capacity. He also said that the Lundins have had a good track record of value-adding acquisitions in the past. Probably doesn't answer all your questions though

>>54432435
RR also talked about lundin recently with that jason youtuber

>>54431866
No it is fake :)

>>54432416

>>54432388
Is he still saying it is gold time?

Did OPEC just launch a big "fuck you" to the USA?

>>54428389
Can natives claim mineral right in Canada. I know that private mineral rights only exist if they were grandfathered in prior to its incorporation as a province. Is it different for the natives? Can they claim them from the state?

>>54434361
We're fighting at the 2k resistance, volatility in Silver and the miners, but ultimately yes, Gold is the place to be.

>>54434281

>>54434361
>>54434642
>Gold is the place to be
Silver too obviously lol
Here you go

https://www.youtube.com/watch?v=fUjvs6ykU1c

>>54434657

>>54434768

>>54434858

>>54434972
woops, broke the chain
>>54434889

>>54432416
Insane get, checked.

>>54434858
He's just like me...

>>54434972

>>54434581
yep
https://www.zerohedge.com/commodities/saudi-arabia-makes-voluntary-cut-500000-barrels-day-may
>In the latest in a long series of slaps on Biden's face, on Sunday OPEC+ unexpectedly announced an oil production reduction of over 1 million barrels per day

>>54434642
I watched Gary's video. Been lacking on iras class so I need to step it up

>>54435553
>>54434581
Is this bullish for my ATHOF?

I've heard copper is expected to come up biggly. I've never invested in metals, so I looked up COPX and it's up 30% over 6 months. Is this ship already sailed?

>>54435587
The WCS-WTI diff has been decreasing all year. Hopefully they focus more on their Hangingstone and Leismer assets instead of all the other garbage they've dipped their toes in as it hardly covers their diluent costs.

>>54434701
What does his SMT newsletter look like and how much does it cost cause he is saying I can buy in

>>54435688
He just said $75/month, kek. Okay, is there a sample of what is included?

>>54435618
Hasn't even started yet if the govt is to heave shovels of shekels at it then you can be assured it'll be well financed by the absolute stupidest people alive

>>54435728
Watch the video bluesmonke posted earlier and fucking lurk more. Read ever lost in this general if you wanna even tread water here nigger nobody is gonna hold your hand

>>54435751
Post*
Stupid autocorrect I'm already drink too

>>54435587
>ATHOF
Pumping next week, followed by bleeding back.

Saudi opec cutting production. Sic. Sucks if your not into oil but if i get close to my targets thats my fuel paid for the year

>>54435618
In 5 years i think it's prob looking the best for a long. Wouldn't trade it at the mo, if society collapses then might as well start stripping everything you can and hoard it. Chip abit in here and there but at the mo it shouldn't be your mains. Nothing should be. All these retards on the gold and silver... try to be realistic. Are all these countries that are fucked like Argentina and Turkey buying shit with pmz. Not really, $ is still king. Gunz and ammo is much better if this situation arises. Steal peoples beans and gold. Until then try to buy stuff that has use

>>54435751
I just want to know what the premiun newsletter has. Is it info earlier or more in depth, just want to know.

>>54435688
>>54436605
It's near daily written (occasional video) updates on charts the overall market that you can comment on and discuss with other subs/Gary, and a weekend video report. Basically his free stuff in more detail and more regular. He only trades ETFs and occasionally options so don't expect any info or advice about individual stocks, just big picture stuff.
It's not a lot of handholding, and there's a lot of chart shit to read if you want to actually understand what the fuck he's on about when he talks about daily and intermediate cycles etc.

Right now he's mostly just beating everyone over the head saying don't fucking sell your metals on volatility or resistance like a dumb retard (paraphrased)

>>54383551
It is possible. Firstly, the brokerage may engage in fraud and then goes bust. Obviously, in such a scenario, the customers of the brokerage are in trouble.

However, another way a customer can lose his equities (I am less certain about bonds) in a brokerage is if he has a *margin* account. With a margin account, the brokerage can lend out equities that a customer owns for the purposes of allowing others to short-sell the stock. If the brokerage somehow gets into trouble somewhere down the line, the equities that were lent out might not be replaced.

About the surest, sane* way to protect yourself is to have the equities in a cash account where the equities are registered in your name, not the brokerage's name. There might be an extra fee for this. For some companies' equities, you can go through ComputerShare and I believe that is free.

* The somewhat insane way is to buy equities and demand delivery of the certificates. That practically eliminates counterparty risk but it incurs extra cost and it's a real pain in the butt when you want to sell the stock. I think even if you lose the certificates, you're still safe although you'll have to go through the trouble of proving your identity to get replacement certificates.

>>54376847
Nice, ive been investing boomer healthcare recently. Fucking up 30% on that bs in a week. Now im back. What we saying on oil, i think $97, just shy of goldmans not getting 100 this year

>>54437349
Yeah my healthcare is doing better than silver my next performing shit. When your paying for your healthcare with your rocks i should be in an ok situation

>>54376839
Lithium isn't going anywhere soon. The future is prob more than less but again i wouldn't go balls to the wall. Imo one should have as many fingers in all sorts of different pie as poss. Try things out, seek new experiences, prob will work out better than going to see a tranny prozzie and getting bummed like a few stories ive seen on chan over the years

>>54435906
How does this impact the likelihood of them being taken over?

>>54405546
Good to see another Thungela poster here. I agree the valuation is very low. I personally think coal prices will be higher for longer as mines in western countries shut down from environmental pressure.

It's like a reverse SPR release.

>>54398521
Be very careful when investing in coal mining companies. It operates in a politically charged sector and the government could do things to bankrupt the coal companies. [Natural gas, so-called "green" energies, and even nuclear power will be given preference over coal.] Peabody Energy shareholder got wiped out during Obama's presidency. History has shown that there is nothing particularly wrong with Peabody Energy and that there is still a need for coal. However, shareholders were still zeroed out.

Interestingly, if you've ever read The Millionaire Next Door, one of the professions mentioned in that book is owner/operator of a coal mine. It's something that a good owner/operator can become wealthy doing but it has busts that are absolutely gut-wrenching. I would imagine the gut-wrenching times are even worse for investors who don't have a way to influence the operations of the company.

>>54435553
>>54434581
with these OPEC cuts it would be prudent to keep in mind that they have been unable to meet their previous production targets, so the real impact to supply is likely not as high as it may seem.

>>54435618
Copper will likely make sustained highs in the next 5-15 years, though the supply shortfall may be alleviated by a global recession or depression. Still, at these prices copper companies are raking in nice margins. Do note though that some of them have lots of capital expenditures to make in that same timeframe. Rio Tinto looks very good for now but their reserves will need refilling within a decade or so.

>>54438298
same anon here, ID changes every now and then. Thungela seems cheap yes but I'm cautious about the price of coal. It seems to have found some support in the current range but if it goes back to low levels, Thungela will not be a great place to be. Their cost is about $80/t. At current prices the margins are still great but nowhere near what they were last year. It follows that the dividend they now pay is not going to be recurring, I also did the math on that to make sure. They are paying a large part of their earnings back to the shareholders which is nice though. Transportation remains a problem with regards to the railway chaos over there so there is also that risk. For now I'm long, if only for the dividend. But I'm keeping my eye on it, frankly not enthused about holding it that much. I may be more inclined to invest in one of the Aussie coal miners but first I need to research those companies.

>>54438969
i noticed tin isnt expected to blow up like it was before, due to demand from the tech sector caving in. Tin will have its day in the sun soon, but it needs tech to support it.

new >>54441060