/biz/ - Business & Finance

>>56853387
This is the first reply to this thread.

The anon below this post is gay.

>>56853387
The gold shitco portfolio:
>TSXV / OTC / Germany
Nevada Exploration NGE.v / NVDEF / 28N0
Discovery Harbour DHR.v / DCHRF / 4GW0
Cortus Metals CRTS.v / CRTTF
Every turd, especially the dormant ones, will float to the top in a gold bull market. Multibaggers are found when nobody else is looking.

>>56853551
Backed by the Higgs brothers, Nevada Exploration (NGE.v / NVDEF / 28N0) holds a sprawling package of prospective greenfield gold properties in one of the most prolific gold producing areas on the planet -- Nevada. Following years of chasing anomalies in groundwater, Nevada Exploration has disposed of it's old leadership, cleaned up its share structure and is poised to enter the new gold bull run with a clean slate. Noted mining pundit Eric Coffin said Dennis Higgs "is a very good promoter and, yeah, knows where the bodies are buried when it comes to getting a market to move." When the market is ready, and, make no mistake, they will know, the Higgs brothers will pump Nevada Exploration to the moon.

>>56853551
Discovery Harbour Resources (DHR.v / DCHRF / 4GW0) is an explorer backed by mine builder Richard Gilliam, who founded Cumberland Resources which was ultimately bought out by Massey Energy for $960,000,000, and run by expert geologist Mark Fields. The company is currently in negotiations to acquire its new project. Indications are promising that Discovery Harbour is close to pulling off a major coup in the sector, as its share price has risen 80% in recent weeks. Gilliam owns a third of the company's shares and is poised to benefit from the tight share structure once it steps back in to the arena.

>>56853551
A company of the prolific Metals Group, Cortus Metals (CRTS.v / CRTTF) is a prospect generator with a juicy suite of strategically located gold prospects throughout northern Nevada. Cortus began publicly trading toward the end of the last gold bull run, but has suffered on account of arriving too late. The company has been preserving it's capital and laying low, ready to pounce once the inevitable flurry of chasers come looking for a project to lease from Cortus. Their projects include everything from drill-ready to Greenfield's, one of which has recently been joint ventured by a private mining firm. Priced right, Cortus is sure to be a multibaggers in the forthcoming bull market.

>>56853551
Rick Drule on inactive companies: (1/2) "You look for a high quality team of people or a sort of a mining house, a Discovery Group or somebody like that, and you look for their inactive company, the shell that they are reorganizing. It has no property in it. It has no active promotion. Nothing's going on. If you look at the price chart over the last two years, it has the trajectory of a brick thrown off a bridge. It's declined from 45 cents to 5 cents, but you see it start to flatten out, interestingly."

>>56853387
evening all!
looks like the catalog is moving pretty quick! Gold is spiking, interesting things are afoot!

>>56853551
(2/2) "Nothing is going on, but the descent to zero stops. Maybe the officers and directors are loaning it some money to stay alive. This is an age old technique where you put money into the company on a shadow basis and you actually scare the market because they see themselves being behind your debt. Then all of a sudden you put a property in the company, convert the debt to equity (by the way, by Canadian law it becomes free trading equity, not restricted equity), and it's off to the races. There is a group of Canadian speculators who does nothing but look for inactive companies that are in the control of people who know how to make stocks go up."

GUYS????

>>56853922
JPMorgan bros... did we lose?

>>56853922
We're just getting warmed up.

>>56853551
>Silver Jew
Been slurping galleon Goy and Horse. Should of held onto Nicola.

>>56853922
>>56853946
>>56853952
>>56854024
bros, can you feel it?

>>56854158
KwaliT

>>56853551
The real question is do I gamble on Cortus or NGE

>>56854308
Nge has $0.11 paper coming free trading in 2 weeks, but at least it has cash to keep the lights on. Crts is broke but it's sustained by loans from company officers. Are you more comfortable with a drill play company (nge) or a prospect generator model (crts)? Nge is somewhat more liquid than crts. They are both truly shitcos, but for me that's the appeal.

>>56854308
>>56854447
The key thing to remember is that the three shitcos I shill all have backers with deep pockets-- the Higgs bros, Richard Gilliam and the Metals Group.

$2146 was fun for a few minutes, I hate them so much bros

>>56853952

>>56855248
>stealing

Oh fuck i don't think i have enough cash to load up on gold at this last minute

Benton resources is going to 3x in the next few weeks.

>>56855485
very possible

https://www.bentonresources.ca/news/

>>56855769
They're probably going to continue releasing results and good news over the next few weeks to months.
Imagine not holding this right now.

how do you buy shitty mining stocks without dealing with all the pfic stuff?
i feel like most of garbage, non-producing miners are pfic's with very complicated tax reporting
seems you can do it in an ira, but not a brokerage account

Rate my top 5 holdings:
>Athabasca Oil (ATH)
>Denison Mines (DML)
>Soma Gold (SOMA)
>Trigon Metals (TM)
>Surge Energy (SGY)

>>56854139
this meme brings back sour feelings

What's the most interesting part about the upcoming weeks is how will the masses move.
So far the miner sector is basically barren of any real investment, could it be that this time around the normie reddit hype faggots are faster on the uptake than the supposedly smart institutions?
If that's the case, we might see the mania spread really damn far and wide as everyone sees their favorite influencer pull multiples from this sector as the big boys move in, and then everyone and their dog joins in too and we go parabolic.

>>56856437
its going to be really interesting to see if investment finally comes back to the exploration sector, too many people / orgs got burned on promising projects that went under. With gold climbing, interest should spike again, but only for the most proven projects.

>>56856510
I think even the worst projects will get pumped in a bull market.

>>56856806
don't shatter PAN MAN's eternal faith in justice and humanity. His greatest asset is that he's not a cynical old bastard.

>>56853952
that's a man

Damn, gold nearly touched $2150 at open

>>56853630
Is there somewhere I can learn more about this?

I HAVE NO PAPER GOLD OR SILVER HOLDINGS REEE
Haha time for a noose nap

>>56853952
APOLOGIZE NOW

>>56857824
>>56857836
Founders Metals next?

Today's daily candle, that was up about $75, is now up around $3. Probably not the last time we'll see this kind of fuckery on display

>>56858274
damn I wonder what's next for the price level. That's a massive and very quick rise and fall.

>>56855203
I'm glad I wasn't awake for this jewishness

>can trade cfds on my forex broker
>really comfy way to have spot metals exposure on leverage
>be inactive and get email that I can make a free trade up to $300 in losses
>do it, but follow my risk management system and only risk $29 instead of going crazy
>try to claim my rebate
>cant have it due to "system limitations" (i did already have a similar offer applied like 6 months ago)
Fucking nigger, why reach out to me if you dont know the limits of your own system? I know they get money from trades but this is just ignorant and it makes me want to close my account down, since I sure as fuck dont want to deposit more

>euphoria
>newfags
>euphoric newfags
All screams DCH to me. See you at 1990 as they shake out the last few they can

>>56853952
tried to tell my wife the "mouth slightly open" look was hot as fuck and she said she didn't want to look retarded.

why is the price dropping right before market open?

>>56861055
(((they))) have smashed it over $100 now since the $2146 high last night when buying in Asia shot it up

>>56861209
FOMC meeting next Tuesday-Wednesday. No expensive gold allowed. Price will plummet until then, ultimately breaking the trendline and touching the 50% fib retracement at $1988. Tax loss selling will only make this manipulation even easier for the miners.

This will be the final shakeout to break goldbugs' spirits as the banks cover their shorts and then get the fuck out of the way of what we all know is coming.

damn all the junior miners are down today

>>56861370
oops meant for >>56861055

>>56861055
Begins with J rhymes with shoes

>>56861370
>>56861474
this won't last long, everyone knows gold is headed upwards

>>56861484
>everyone knows gold is headed upwards
We've known that for years but that doesn't stop people getting shaken out. Especially as they watch their investments plummet and they think "I'll get out now and buy back cheaper". Sometimes it works but sometimes they end up chasing.

I watched goldbugs selling in November last year saying Gold was going to 1400 and they'd buy back then in time for the moon mission, and again in March saying it's going to 1600. Everyone has balls of steel until there's a pullback.

>>56861552
I'm never selling until I'm a millionaire.

WHAT THE ACTUAL FUCK

>>56861889

(((They'll))) punch it to $1900 before we go back up again.

>>56861649
>>56861889
kek
https://www.youtube.com/watch?v=OmBxVfQTuvI

>>56861889

how far are they going to manipulate it downward?

>>56861889
They are striking back with vengeance

>>56862035
I already told you but if you keep asking maybe someone will give you the answer you'd rather hear lol

Back in the US from Cancun vacay. I really hope you guys sold the Friday green dildos like I did.

Benton Resources

>>56862423
Gold still at $2024, tonight could see big buying again when the gooks open up

Can they keep suppressing the price of gold forever?
What prevents them from being able to do this?

>>56862799
>Benton Resources

>>56861889
>>56861923
>>56863011
We got too cocky once again! It's over!!!

>>56853952
PETE YOU BASTID I TOLD YOU TO STOP NOW LOOK WHAT HAPPEN BLODDY MADER SEX

so apparently two dozen nations singed a pledge last week at the climate summit to triple nuclear power till 2050
anyone think this will impact uranium?

I'm going to have a harem when we make it.

>>56865184
Couldnt care less about women. My goal is to reach 700-800k so I can retire in Africa or Asia before turning 40 in 2030.

A 15x from here more than do that and I'm all-in junior. Refuse to believe I wont do more.

WAGMI brothers.

>>56864629

Doubt it. The time frame is way too big.
Even if they started planning those reactors now, it would be 10 years before they've completed the first ones.
Uranium super bull market is something that's going to happen in a time frame of under 5 years, no reactor construction promises decades into future will impact it in any significant manner, aside from whatever mindshare nuclear may gain from this kind of stuff.

>>56865247
>Retire in Africa
What are you doing mate

>>56865352
Europe and USA are going nuts mate, I'm not eating the bug and these might be the best location to be left alone. Its probably going to be Switzerland for some time then decide really where in Africa/Asia. Depends of how the world change, things are going so fast.

Anyway, lets make the money first.

>>56861889
The fabled middle finger formation

>>56863011
>Can they keep suppressing the price of gold forever?
I was going to fomo in on open and glad I woke up at 3:45 pm, because I got them way cheaper

>>56865247
Despite having long since lost faith in the junior mining sector myself, if anyone's going to make it ITT my money is on you.

>>56853387
OJ bros. where do you think we're going from here?

>>56865582
You gonna need a bit more than 800k for Switzerland bud

>>56863044
Bought today. $2000 posistion.

IRV bros we eatin. I’ve been bottom fishing recently but missed this dammit. They just commenced the drilling program

https://finance.yahoo.com/news/brunswick-exploration-intersects-significant-spodumene-223900434.html

lol, lmao even

Thank god I had the sense to finally leave salt to rest for a while to replenish my fucked portfolio.
It'll probably go down to $.40, that's when there was support last time in 2021.
Worst possible scenario it's going to fill the gap at $.20 which isn't out of the realm of possibility either.
It'll be one hell of an investment when it gets lower from here, but not before a real bottom and when they have found financing and permits.

Sold my Abra today after 30% gain and jumped into weed, because if things work out it's going to pull far faster and greater multiples than any miner.
The weed sector is going through a lot of important stuff this and the next month in both US and Germany.
If it starts looking like that cannabis is going to have an actual shot at legalization or ways of worming it's way to all markets through different legal means, the sector is going to do 50-100x all across the spectrum to ATHs and it'll do it fast.
Someone is currently. buying big and it's not retail, because no one is even talking about this. I suspect it's the insiders and politicians pumping money in there.
Worth checking out if miners look like they'll cool off a while and the powers that be punch PMs down hard.

what's up with schiff bragging about his gold fund? seems like it just tracks the gdx and gdxj, except it's worse

>>56865247
The women are just the nice bonus.

>>56867719
Weed sector sucks dude. You don't want to be in that. I did that whole thing three years ago. You're making a mistake by jumping ship on miners.

>>56867719
Like the other guy said, weed sector is terrible. Be patient.

>>56855248
Agreed

quick bump!

He's selling you guys bags at this very moment

Hmm, no builds at Cushing, OK this past week. That goes to against the bearish WTI narrative as of late

I’m debating whether to start accumulating Newfound Gold or not. Surface level there doesn’t seem to be a whole lot wrong with them financially speaking, but they’re still low compared to their 52 week high. Is there something I’m missing such as their prospects? For context I’m holding

>GOLD
>GROY
>BHLL
>Galleon
>Scottie

Weren't the US strategic oil reserves supposed to run out a few months ago?

>>56853952
>average crypto (literal) believer
how many dinkdoinks do i need to get a woman like pic related

>average goldbug
>actually dates her, will procede to dump her
sad

>>56872250
biden bought some oils

>>56872327
So the price went down?

>>56872542
Production also typically slows down in the winter months. Rigs run into more problems with shit freezing up, fucks with the pressure with completed wells, etc.

>>56873088
Supply is low so the price goes down?

>>56871955
I don't think NFG has even done any deep drilling yet and they have tons of bonanza hits near surface. Sprott is balls deep with something like $300M in. The price probably is on the cheap side with a big shorter with an army or trolls, some say it's the guy from (((CRUX))) Gordon who put out an anonymous hit piece a couple years ago that nobody at CRUX would put their name on

>>56866787
good timing fren

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1171-tsx-venture/bex/152388-benton-intersects-12-30m-of-7-20-copper-in-latest-drill-assays-at-great-burnt.html

>>56873596
God Damn
If would be mooning today if not for gold crashing

>>56874261
that's what I was thinking, it's up 2-3% right now and should be up around 10%. maybe it will have a strong Japan level finish