/biz/ - Business & Finance

good evening all!
Fresh bake for everyone, unfortunately i am busy dealing with a very sudden and crushing death of a close friend at the moment, so apologies if i cant pop in to help with anything.

For some new thread material! It appears the Baltimore bridge collapse will be a long term shipping blockage, especially around heavy commodities such as coal and oil products. I am not sure if Iron ore is shipped from the port either, but its current shut down is going to have serious economic effects for the time being.

Anything else going on metals wise i might have missed?

>>58176526
>Exploration Season Edition
So many mineral deposits remain underground that we don't even know it.
It's best not to think of "underground" as just one thing. Rather, there are many, many levels of "underground." Some mines are over two miles deep in South Africa, and if needed, we could dig even deeper.
Then there's also the shallow waters near the shores of large landmasses, and these coastal areas likely contain many as yet unknown mineral deposits.

>>58176546
Thanks for the bake, PAN MAN. You are the best, as always.
I will add some info on coal shipments through Baltimore as I get it.

whitehavensers, we are so back

>>58176555
The Resolution copper project is a great example of an extremely deep, mid grade deposit, that was totally unknown of until 10 years ago. New technology is identifying deeper and deeper deposits, but they wont be all economically viable for the foreseeable future.

Alamos Gold to acquire Argonaut Gold. Goodbye Argonaut, you were shit and now you'll be fodder for an actually good company

>>58176580
I think it's best to think of the "underground" as a three-dimensional world unto itself, which it really is. There are strata, folds, and great depths with different chemical makeups and different properties. It's a whole world down there that's mostly still unexplored.
And necessity really is the mother of invention. When there is a need for ultra-deep minerals, people will figure out how to get them economically.

>>58176566
What happened with Whitehaven?
Australia mines more coal now than the USA does. The US has been at about 590 million short tons for the past two years and, if this year is any indication (though we're only one season into it), US production is set for another steep fall this year.
SAD :(
I will stick with coal till the bitter end, though, and go anywhere I must in order to spend the rest of my life mining coal.
A part of me thinks the government of Australia won't let its coal industry be shut down by the greens because it's just so lucrative. Another part wonders, though, "Are Western governments so ginned up on ideology that they would behave so irrationally?"
So I have no idea what the future hold for coal in the Western World. But for the time being Australia is rolling coal out like gangbusters and is making great business. My company now has many locations there to assist with Australian mining operations.

I hope Whitehaven has a bright future for many decades to come.

>>58176709
Coal production in the USA saw a steep decline year-on-year in January and February. I hope this trend doesn't mark the whole of 2024.

>>58176709
>What happened with Whitehaven?
up 5% today after being beaten down over the past few weeks. has formed a nice looking reversal for us.
>A part of me thinks the government of Australia won't let its coal industry be shut down by the greens because it's just so lucrative.
apparently queensland has upped its coal royalties rate again so that's going to be a damper on the industry
aus has seen a lot of back and forth between pro and anti coal regulations so this shouldn't be too surprising. they depend on the mining sector financially, far more so than the us, so actually attempting to shut it down would be political suicide

>>58176787
Am glad that Whitehaven looks set for a turnaround. Best wishes to you, anon!

Also, these royalties increases remind me of a sin tax. Now that coal is considered bad, the government can charge companies extra to mine it, just like how smoking is taxed to death. The thinking goes like this:
>We'll give you permission to do this bad thing as long as you pay us.
I'm starting to agree with the AnCaps on some things, though remain generally a nationalist who thinks citizens deserve special rights on account of being citizens. I just don't like government sticking its fingers into the pot just because they can.

Why are these threads so slow lately?

>>58177329
most anons got liquidated or bored with commodities and left. They'll be back once we reach euphoria phase, right now we're in the early innings of another bullrun where nobody's around

CONSOL Energy, an excellent and very old coal mining company (going back to 1864), looks like it will have a rough time due to the Baltimore port closure.

>We are working closely with the Coast Guard, transportation authorities and city officials to safely restore vessel access to and resume normal operations at our CONSOL Marine Terminal. However, at this moment, we do not have a definitive timeline of when vessel access or normal operations will resume. We are looking at all available options to us to minimize or address direct and indirect impacts to the Company and its operations.

https://finance.yahoo.com/news/consol-energy-issues-notice-francis-172800215.html

CONSOL produces some 29 million tons or so of metallurgical coal per year, much of it exported.

>>58176546
My condolences

>>58177329
Commodities stink

Quadriga crypto exchange founder was said to have dozens of gold bars in safe discovered by police in Vancouver.. go figure

>>58177517
>CONSOL produces some 29 million tons or so of *thermal* coal per year, much of it exported.
Sorry for the mistake -- am tired

>>58176546
>Baltimore bridge collapse

wakey wakey

>>58178211
Lookin' good

>>58178211
gold says happy easter

Will my miners please do something. Holy shit I’m getting fucked sideways

>>58178296
shitcos, not even once

As suspected, CONSOL will indeed be the coal company most affected by the port's blockage in Baltimore. A lot of their thermal coal is seaborne coal and most of it is shipped from that port.
CONSOL is a great company and layoffs of miners are likely. Fortunately for them, they are union miners and will be called back as soon as CONSOL finds another way to get their coal shipped.

thoughts on west red lake gold?

>>58178548
I own it. It's too cheap to not own desu, they have the ore reserves and the brand new mine infra. Operational risks exist as the Madsen mine bankrupted Pure Gold when they weren't able to produce as planned but the company is focusing on project derisking to avoid the same fate.

>>58178567
watching this right now, thats why i asked
thank you for our opinion

https://youtu.be/tZ7ZEwnNyc0?si=CmaeTkBknfjkNS-I

>>58178307
>>58178296
Should have bought Benton

>>58177536
Do commodities owners stink? I don't shower frequently (once or twice a weeks), I cycle everywhere so I'm always sweaty and I stink. I wear the same clothes for a week (sometimes two or more),I don't put on perfume or cologne and I relentlessly flatulate. Do you guys stink or what? Am I among frens is what I'm asking.

will $2200 hold today? the satanic pedos are working hard to get it down

>>58179358
zoom out

>>58179384

How are my NFGchads feeling?

my miners doing a lil sumpin sumpin

new all time highs for gold again as I predicted yesterday. anon: 1; Gary says: 0

>>58180118
>NFG
Market cap too big so I decided to become a LAB chat, yeah they might not find anything, but if she goes she goes, something she goes sometimes she doesn't, that's the way she goes.

>>58180687
>area play
>that hasn't actually found anything
ishygddt

>>58180759
If she goes she goes brother. it's like 0.5% of my portfolio.

>>58180800
understandable. Turboleverage shitcos can have a small place in a pf but I really prefer to keep away from actual garbage personally. Funny how when I started investing at the height of the 20-21 bullrun all I ever bought were shitcos, now I respect the quality

Shle on the move again

>>58180962
you really picked a big winner on that, congrats

holy crap golds holding past $3k an ounce CAD, fantastic news!

>>58181257
Yeah it's a bull market for sure. And not many seem to be aware, or care, and some are doubtful still. Exciting times. We could not be earlier if we tried.

The tamp team took Thursday to travel to the Tamptons.

Thinking two to three times the typical tamp transpiring Tuesday

>>58180687
I hold both.
They are literally my whole portfolio.
You’re welcome to come party on my yacht next year.

>>58181767
>You’re welcome to come party on my yacht next year.
Thanks.

What happened to Benton?

>>58181830
The guy shilling it realized there isn't enough liquidity for him to get out without pushing the price down even with the shilling, so he decided to push the price down while getting out.

wagmi

>>58177329
>Why are these threads so slow lately?
anons lost everything on CMMG's sure winner - Bayhorse. After the massive shilling and total failure why would anyone ever come to CMMG? Think about it from their perspective - the best and brightest of CMMG pumped Bayhorse presting their "analysis" of mineral resources, business, financing, every aspect and stated how great Graeme and Bayhorse is, only to lose everything in an obvious pump fraud. Gee I wonder why no one trusts the new pump schemes?

>>58180118
>>58181767
NFG Chads are traveling to Japan on anon's yacht, I can almost feel it now

>>58180962
Thanks again bro, it's been lifting my shitfolio from the depths

>>58181910
Just as you said that the price jumped up to 15 cents.

>>58181257
And Canada doesn't have any! AHAHAHAHA

Steel is doing well this week. Some selling pressure in the May, June, and July futures these past few days, but I think we're still going higher.

Anyone know what's going on with OPEC+ and the oil inventories?

>>58182099
>get into... crypto
btc chart looks kinda bearish ngl

>gold making new highs
>thread on page 8
bullish

>>58183920
I'm even seeing complaining about all miner share prices not moving up as much or as quickly as investors expected. Some are saying they're still deep in the red lol. Beautiful sentiment

>>58184311
Most of my shitcos are red and im to poor to buy

>>58184322
Just PLOC it bro :^)

uhhh guys im getting scared

>>58185763
Are you gay?

Snowline Chads can't stop winning

>>58186406
Snowline is a story of a virtuous cycle in exploration and development. I'm looking forward to seeing what the drills pull up from the ground this year

https://x.com/CEOTechnician/status/1773494469578399843?s=20
>The #3 largest #gold producer, Agnico Eagle made a fresh 52-week high close today. $AEM +7.21% on the week.

>Even after this week's rally, AEM still only has a US$29.7 billion market cap. Nearly $2 billion less than #Dogecoin which is up at US$31.6 billion.

>Agnico produces ~3.5 million ounces of gold per year at a ~$1,000/oz profit margin at today's prices. Meanwhile, Dogecoin produces more Dogecoins....
fucking wild how much money is in worthless digital meme tokens and how cheap gold equities are

It has been a good week. Gold up, steel futures up, whoever recommended I look into Warrior Met Coal thank you I'm up 10%. Going to get some good rest tonight, tomorrow going to travel to see a sick family member.

>>58186854
>whoever recommended I look into Warrior Met Coal thank you I'm up 10%.
might have been me and congratulations
>going to travel to see a sick family member.
have a safe trip, treasure your loved ones

>>58186901
thanks anon, on both counts :)

what does /cmmg/ think about SBSW

https://www.mining.com/web/chile-wants-to-double-its-lithium-output-to-avert-risk-of-substitution-in-batteries/

Bum

>>58186406
I cant buy this from my broker in germany reeeeeeeeeee

>>58186854
Warrior Met uses longwall systems in their two operating mines and this makes their coal significantly cheaper to produce than the many low coal, room and pillar met coal mines of southern West Virginia.

>18 watching

Why are the markets closed? What commie holiday is it today?

>>58189438
Good Friday

>>58189284
honestly thought longwalls were very common in the coal industry, well they are common in australia at least

>warrior met produces hard coking coal

the good shit i believe

>>58187048
extremely sold down to the point where the risk may finally be justified. Risks include political risk in South Africa (elections this Summer), high costs (unprofitable atm), and unsustainable divvy (dividend cut possible). I do not own Sibanye but I would consider it a justifiable speculation for PGM bulls
>>58189146
my nigger start using IBKR
>>58189608
yes, they produce the good shit and at some of the lowest unit costs in the industry

>>58189438
good friday.
and with gold at 2233 spot and futures at 2254.8, it is indeed a very good friday.

>>58189608
Longwalls are quite common in the US, but many mines remain CM room and pillar for various reasons (low coal, state law etc.).
Yep, Warrior Met produces some of the good stuff. But I like thermal too -- energy is the fundamental resource.

>>58189608
This article is about a year old, but there are approximately three dozen longwall systems operating in the U.S.

https://www.coalage.com/features/longwall-production-loses-a-little-steam/

>Last year, CONSOL Energy exported 15.7 million tons of bituminous coal or 60% of its product from the Pennsylvania Mining Complex through the CONSOL Marine Terminal.

https://www.coalage.com/departments/breaking-news/bridge-collapse-impacts-coal-exports/

>>58178772
How that one going? I've been locked out of my stock account.

>>58191515
Dropped a bit.
Assay results likely being released early next week.
Extremely good buying opportunity if you aren't retarded.

>>58191515
I hope you can regain access to it

>>58187048
South by South West?
In Austin?

>https://finance.yahoo.com/news/automakers-urge-white-house-oppose-173957540.html
Us steel sale to CLF

>>58193981
weren't the japs trying to buy US Steel just a while ago?

>>58194494
I forgot already. But couldn't happen for national security issues? Iirc

>>58194856
probably yeah. Protectionism and stuff

>>58195053
It's just ideology. Joy Global, maker of excellent underground mining equipment, was sold to Komatsu Mining in 2017 and functions just fine.
The decision to block the Japanese acquisition was political nonsense.

wagmi

They kicked me out of the clinkers thread >>58196851 and sent me here.

>>58196990
Sounds like a fun time. May you find success in your panning endeavors.

>>58196990
ah a fantastic starting off book for the novice prospector. Which region are you in friend? I may be able to guide you to ground.

>>58197290
Hi PAN MAN. I was watching the movie "Legends of the Fall." Even though it takes place in Montana, it was actually filmed in Alberta and British Columbia. The mountain west is stunningly gorgeous and I am glad to be headed back to Colorado, especially western Colorado which doesn't have all the problems of, say, Denver.

Does BC have underground coal mines or only surface mines? One mine I will be spending some time at has about a 24 foot thick coal seam. Only the top dozen or so feet are mined; the floor is coal. I wonder if they can ever retrieve that coal.

>>58197342
ah not actually sure, i think most are surface mines but there were a few underground ones operating in the south east. I ll double check when i get a second.
There were loads of underground coal mines in the Naniamo district on Vancouver island, and a bunch in the Princeton area as well, all fuel coal for the old rail ways and steam ships.

>>58176526
gm baggies!

>>58197385
Oh yes, in the old days underground coal mines (and other mines) dotted the landscapes of mining country, from mom and pop mines just making a living for the family and kids and a few hired hands, to medium sized mines. Nowadays it's mainly just giant mines left and surface is preferred when possible for cheaper costs. I should have been born earlier -- maybe so that I could have mined in the 1950s, when lots of small mines remained, not just biggies, and the days of coal miners being treated like low-value slaves had ended.
I also love the old rail systems that used to haul coal and ore from the mines.

>>58197290
I'm in Calgary, and was looking to head in to the Fort Steele/Wildhorse Creek area but one of the things he says in there is to avoid the places the Chinese went through.
Have you heard anything about the Sheep River area?

>>58197107
Thanks, Anon.

>>58197647
Ah! which Sheep creek / river are we talking about? There are several in BC, and in Alberta if memory serves. The Wildhorse River is currently all staked up for claims so find permission to access or you could be in trouble, though i dont actually think anyone will care if your just playing around. The whole area was heavily reworked by the chinese, they worked it in decade long intervals, each group getting less and less gold per period. Gold in that district appears in two beds, a near surface bed thats been depleted for the most part, and an ancient paleochannel that is over 200ft down in some places thats been sparely operated on. I can point you to maps and some further info, but very little was actually properly documented on those creeks, the info you need is from locals like the guys operating Nip and Tuck Gold mine.

>>58194494
>>58194856
Yes, and recently Joe Biden said he'd oppose it. Trump would also, naturally. A lot of people feel Joe Biden said he'd oppose it simply because he's tight on votes in those states.

>>58194856
>>58195053
Both Biden and Trump are protectionist when it comes to steel. In my view, both election outcomes will be isolationist toward steel production. The peaks and volatility of steel production are always interesting (and financially beneficial), but the real story moving forward of steel is that the troughs will probably be higher. It's very possible that without a major recession, that we don't go below 700usd/st for HRC moving forward. Two decades ago, 15 mills controlled 80% of the US flat-rolled market. Today four steel mills do. Plate and rebar even more so. I think we're going to see higher steel price bottoms.


..
Time for bed, I'm exhausted. Hope you all had a nice day.

>>58197647
as for Sheep creeks, in BC we have the Sheep creek gold belt towards the southern west Kootenay region, which is well known for hard rock gold and silver discoveries. Over 120 small mines operated in the region, and hosted 9 gold camps, most notably Sheep creek its self, the town of Salmo, Jersey City, Hidden Creek, Reno and Yimr to the north. Its unknown how much gold was won from this district, but Yimr on its own produced something like 4.5 million ounces of gold from a single mine, and an uncounted number of ounces from various placer operations.

>>58197677
Sheep River, Alberta, north of the Highwood Pass. I've heard it's one of the rare gold bearing creeks in Alberta.

>>58197737
yes in fact i do have a little bit of info on that region, but not much. Its one of the rivers my mentor Bam worked on off and on with some success. Gold here appears to be glacially transported from the high rockies, appearing in glacial tills and in paleochannels running along some stretches of the river. Rounded well worn pea sized nuggets are reported but not in any notable quantity. Its similar to the sugar gold in the Nordegg river if your familiar with that country. An elderly prospector by the name of Arturo panned the Sheep river and wrote a report about placer lead in the region as well but its limited in scope to a few accessable locations.

>>58197737
https://static.ags.aer.ca/files/document/OFR/OFR_1990_09.pdf
while this doesnt specifically mention Sheep river, it has info that could be of use to you.

>>58197677
>>58197709
>>58197757
Great info, PanMan, thank you. I know of Nordegg yes but have never been there specifically. I believe it was Gold Trails and Ghost Towns where I heard about the Sheep, and as I recall, Barlee said the source was not found (at the time of filming).
You were the one who turned me on to GTAGT a few years ago in PMG, so thank you for that, belatedly.

>>58197797
anytime! now go out and get yourself some of that gold! As a side note, there are anomalous discoveries of diamonds in the Nordegg district, including chunks of kimberlite material with visible diamonds being discovered in the 1950s and 60s, and placer diamonds appearing in gold pans. Debeers staked and explored over 256 square km of territory in the region in the 1970s but found no visible kimberlite pipes.

>>58197766
Very cool. There is gold in the Oldman River, if I am reading that right.

>>58197858
yep in fact it hosted several small dredges at various points last century. fine gold only again though.

>>58197858
this dredge operated on the Old Man River for a decade before moving to the North Sask in the 1930s.

>>58197871
>>58197913
Crazy. I have been camping there often. Coal country. I didn't think gold and coal went together.
Cool pics.

>>58198095
the gold is often far older. One spot i ve staked to explore this season has placer gold, coming not from quartz veins but from a paleo lake shore, now converted to marble. The marble is weathering away, leaving behind a pebble conglomerate with small course gold nuggets. The material is from at least the Jurassic but could be older, it hasnt been investigated much.

>>58197678
>Two decades ago, 15 mills controlled 80% of the US flat-rolled market. Today four steel mills do. Plate and rebar even more so.
that's some insane sector consolidation

>>58198239
All according to plan, In a few decades there's probably going to be one or two companies for the sector.

>>58198901
bullish for steel

>>58198930
Bearish for humanity.

>>58198949
humanity gets abundant low cost patriotic American steel from the most competitive mills. I'm thinking bullish for humanity

>>58199034
Doesn't work that way.

>Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus

>•President Xi has told China’s financial cadres that active monetary policy toolkit must include a controversial means of injecting liquidity into the economy

>•Economist says PBOC has not bought treasury bonds for years because monetary authorities did not want to fuel market speculation of a major stimulus

https://www.scmp.com/economy/china-economy/article/3256967/xi-jinping-chinas-central-bank-restart-treasury-bond-trade-after-2-decade-hiatus
China says: LONG COMMODITIES

It's OVER

>>58199213
AIEEE my gold stocks just got GAYED

Equinox Gold ran in the last week wtf

>>58199374
Alamos Gold too

>>58198198
A lot of western or Rocky Mountain bituminous coals are younger than the Pennsylvanian-Carboniferous coals out east in Appalachia and the Illinois Basin.
These western bituminous coals are Cretaceous age or younger, around 100-40 million years old. Eastern coals are more like 300 million years old.

>>58199034
I like lots of companies in competition with each other. That's the spirit of the free market and leads to a better product at a lower price for the consumer.
Some giant companies are of course highly competent, but monopoly leads to stagnation, intellectual laziness, and decline.

>>58200172
I know a miner who found the fossil imprint of a shark, fully intact, at a Colorado longwall mine. He said it was about 20 feet long and you could see the outline plain as day in the coal face. You could even see the shark's eye from the one-side profile view. That shark may have lived 80 million years ago or so.

>>58200231
That shark may even have lived as recently as 50 million years ago, considering how young those Rocky Mountain bituminous coals can be.

>>58200231
did they manage to preserve that incredible fossil find?

>>58200447
Will ask
Fossils are all over the place in coal mines and get ground up all the time. Often they're probably chewed up before even being recognized. It's a shame, but if you want to get coal out of the ground, you have to destroy a lot of fossils, because coal is loaded with fossils. Sometimes big finds are photographed before production resumes.
The fact that coalbeds bear so many fossils makes me hard to believe coal is not a fossil fuel.

>>58200504
*makes it hard for me to believe

>>58200231
>That shark may have lived 80 million years ago or so
Crazy, one would think it would turn into a fossil fuel by now. How are these fossils preserved for so long? I guess chemistry will answer that question.

whats biz thoughts on the metals company stock?

>>58200185
I was half taking the piss, I know. Consolidation can be a good thing or a bad thing, too much of anything is bad

>>58200717
that's the seabed miner stock I think? Very speculative as seabed mining is still in its infancy and the technical and legal aspects have not been hammered out, and I'd have to check but g&a is probably very high since they have a huge b&d if memory serves me right. But if they can pull that venture off shareholders could be rewarded insanely well. I'm not touching that myself as I know conventional mining is risky enough a business as it is, God knows the last thing I need in my portfolio is more unpredictable and uncontrollable risks

>>58200822
>too much of anything is bad
I'd have to disagree with that one. Common misconception.

>>58200884
more of a truism. Tends to be true but exceptions apply

>>58200667
Not sure about the fossilization process in coal. It's mostly just imprints of the plant or animal: 3D imprints that we see as 2D profiles as we cut the coal face. These imprints must be where the bodies of prehistoric plants and animals fell into anoxic swamps.

>>58200822
>too much of anything is bad
Definitely!
Aristotle's Doctrine of the Middle: too much of anything is a vice, and virtue lies in moderation.

>>58176526
My First Majestic stock has lost nearly 50% of its value since I boughtt in.

afaik they are in zinc, lead and silver mining, and just recently started selling bullion directly from their own mint?

any body got any ideas on where FM might go?
shouldn't it start going up if silver spot continues its upward trend?

>>58200717
interesting in theory, very difficult to actually make their plan economically viable and socially acceptable. Loads of groups have campaigned against them, and their tech while working is unproven at wider loads.

https://finance.yahoo.com/news/uranium-being-mined-near-grand-041513591.html

>>58200447
The shark was at this mine in Colorado, owned by Sufco but now idled.

https://wolverinefuels.com/wolverine-fuels-2-mine/

They took pictures. Perhaps email them for the pics if you wish to.

>>58201338
Here's a news story about a 300 million year old shark fossil found in an Illinois Basin coal mine in Kentucky.
https://www.uky.edu/KGS/announce/sharkfossil.htm

>>58201046
you picked a really poor time to invest and they fucked up on Jerrit Canyon big time, but look at the price action since gold made its new high about a month ago and began the current bullrun. First Majestic will do fine but they'll have to convince the market that they are able to operate accretively again to regain trust. Some other companies that have been sold down similarly need to regain the market's trust after some missteps these past few years -- Pan American Silver, B2Gold, Newmont to name a few -- but I think they'll do well and improve their operations alongside First Majestic.
>>58201032
Aristotle knew. His doctrine of virtues and vices resonates with me. Moderation is key.

>>58201046
With how much attention gold and silver have been getting and AG at multi year lows, I'm expecting them to pop off and hopefully at least double in the next year. I bought Leaps on them recently that seemed super undervalued and I'm already up 15%. I trade based on gut feeling and antisemitism

>>58201975
>I trade based on gut feeling and antisemitism
holy based

>>58201975
>at least double in the next year.
Doubt.

>>58201338
I will try to get the picture.

>Gary says
The cartel is over. No more intermediate cycles, no more attack, and new all time here coming right now.

https://youtu.be/V3JtV4vJWv0?si=adaGeU1l09LcnYbe

No one is panic buying gold it seems. Why not?

>>58202613
>Gary "gold will crab for two weeks based on my expert paid TA" 'says' Savage
why do anons here shill this stupid nigger?

>>58202637
>31pbtid "what jews? markets are fair" anon
why do anons here tolerate this stupid nigger?

>>58202911
>random made up quote
Jews gonna Jew I'm not gonna sugarcoat it. Also markets are unfair I never said it's fair that they abuse the market. All I'm saying is the manipulation is literally irrelevant in any meaningful time frame. It literally has no effect on price discovery.

Do we have any opinions on B2gold?

>>58202629
Just visited my dad and he has no idea about gold
Same about everyone around me, no one knows and mainstream media barely reports and you dont find if you dont look for it

>>58203847
i have a stack. they're a bit of a risky hold in between mali terrorists and arctic weather but have solid finances and should be much more profitable over the next couple of years
market has been pricing in bad news from their new project but assuming they get it off the ground i expect a lot of upside

>>58203953
Most everyone at Easter supper had heard about gold doing well lately, but nobody has an appetite to actually buy.

>>58203966
Had a conversation with a coworker three or four weeks ago about gold and he said that gold is useless and just speculation, without a real use case
He would rather hold cigarettes and alcohol in a mad max environment, well yea thats an extreme situation
And when I told him that gold performed better than s&p in the last 20 years (depending on the date where you compare ofc) he didnt believe me and checked himself

People dont care about gold, people think its dead metal
I was like that too but covid shook me awake and the inflation opened my eyes further
Im not a doomer, i would like to continue this livestyle with the 2% target inflation instead of my little gold that i own go 5x and with that everything else in the supermarket shelves

SUV anon checking in.

>>58203847
good company with a sustainable dividend and strong balance sheet but justly punished by the market for the cardinal sin of doubling the Back River project capex. Their costs this year will be high but next year costs should come back down when sustaining capital investments abate and production begins at Back River. I'm not a huge fan of their two smaller mines but Fekola and Back River are great cornerstone assets to have. Obviously strong exposure to Mali so if you're uncomfortable with that then stay away. I don't own it right now but if I had more cash I would.

>>58203847
>>58204271
also
>we

>>58204281
>wuz

>>58204744
>coal miners

>>58198901
CLF is working on buying US Steel, so that would make it three. The automakers are against this because then they'd basically be buying from one supplier.

>>58198930
Yup. Protectionist presidents + consolidation == higher average prices.

Another thing that makes steel prices look poised for higher prices is that 70% of our steel is made using recycled steel (electric arc furnaces). For optics, recycled steel sounds "greener" than integrated steelmaking, but it relies on a steady supply of scrap steel to be available. As these recycled producers add capacity, if the main input material (scrap) is short in supply, that will also cause prices to rise for steel.

>>58198949
We'll see, said the wise man.

>>58204803
>Daughters

>>58203847
i have multiple friends from Bonanza Ledge working up at B2s Back River project, two of them just got back for Easter long weekend. They seem to have a good crew up there, no issues discussed other than the usual bullshit every project goes through. Great camp by all accounts to.

Confession: I have a deep fear, that keeps me up at night, about coal mining all but disappearing in the United States in the next 5-10 years.
Even met coal could suffer because the US seems to be going balls to the wall against all coal.

Im looking at copper mines and a few ran like crazy in the past
Im trying to get into nickel, copper and lithium

>>58206202
we need some met coal mining to be steel indepedent

Nevada Gold Mines was an absolute shit idea. Have not met one geo from there that knew what they were talking about. Absolute brainlets.

>>58206780
I'm not in a huge hurry with nickel and lithium but yeah I feel like copper is a good long term hold right now. Lots of big producers raking in swathes of cash at these prices yet not a lot of new supply coming
>>58207127
Could you elaborate?

If you like making money grab some call options on Newmont (NEM) for June 21st expiry, stock is finally starting to react to the gold price breaking out. I usually buy 1-2 strikes in the money for balance of low premium and leverage. Sell around 30 DTE since the premium decays hard after that. Thank me later frens.

>>58207127
what sort of issues did you run into? Geos lately have been seemingly getting worse and worse, but thats probably because most are fresh out of school with no idea what their talking about.

soo uhhhhhhh anyone got some uhhhhhhhhhhhhhhh good stocks to buy

>>58208996
Take a seat and let me tell you a story.

>>58206907
Even if some met coal hangs around, that still means some 80% of current coal miners are getting the ax.

>>58206780
Benton

>>58208729
>>58207127
I too am curious about Nevada Gold Mines. I interviewed with them, thinking of jumping to gold for security's sake, a couple years ago. They gave me a bad impression like they looked down on coal and they're better for working in gold. At least that's how I read the interviewers, who kept emphasizing how gold is a hard job, as if coal mining is not. lol

>>58209548
i would almost say coal is the harder of the two professions depending on the operation. Plenty of corporate types have no idea what their talking about when it comes to inter industry mingling.

>>58207744
>>58208729
Yes. The truth is that unless you come from a department with an emphasis on economic geology (i.e. CODES, MDRU, Colorado School of Mines), most of the geos that I have met in industry are brainlets.

They know how to put standards in bags, make an ore call, do a rig inspection, or measure a joint set. Often their job is so compartmentalized that they spend years just doing these tasks. Very little actual geology.

They are not reading papers. They are not well trained in the fundamentals of geology and how to apply them to their job. They don't understand alteration facies nor basic rock identification. In fact, most that I have met aren't interested in learning and improving and often the culture at work doesn't really encourage them to.

So don't get me wrong it isn't entirely their fault, but some of it is. Regardless, I am convinced that the quality of geologists in industry has dropped rapidly over the past few decades.

Most of the intellectual heavy lifting is done by consultants or perhaps one or two exploration geos higher on the totem pole. Even then though, I have met people with these types of jobs who have done exploration for a big company in exotic places and can't even tell you what deposit type they were looking for.

NGM in my experience was especially bad in this regard.

>>58207127
NGM has had a horrible turnover rate not just for geos, but many of the guys in ops. The benefits are worse than when Newmont was running the show and many people are disenfranchised. It doesn't mean the benefits are bad though compared to other places, but you will also have to get comfortable with riding a bus for 1.5 hours each way as part of your salary.

Your mileage may very, and that is not to say that you won't find something good with them. But I would really think about it before having a grand old time in Elko.

>>58206780
Nickel? Isn't Indonesia still hellbent on strip-mining the entire country and will keep prices low? Gotta be hard to run a profitable nickel mine with that macro situation.
For lithium I like SGML and PMET.TO at these prices

>>58209577
The physical work in coal mining is probably harder, like timbering (posting and cribbing), which requires lifting 80 to 100+ pound logs and walking them maybe 20-30 feet to set them for roof control, and doing this for hours on end. This is especially rough in a lower roof mine (say, 5-6 feet) where you have to duck walk constantly. Also, it's rough in a hot, humid mine like an Illinois Basin coal mine in the summer. I've sweated probably a gallon per shift doing this stuff in the past.
The machine operating may be a bit harder in coal since few machines have a cab and you're standing all day (shuttle cars/coal haulers excluded -- you get to sit).
The technicality or brain exertion of the work may be equal, who knows! Lots to be aware of in either kind of mine, coal or gold.

>>58209600
unfortunately there is a scholastic smugness that shows up in a lot of these new geos. They know everything they need to know, if you dont have a degree your stupid, and their simply better than you.
Meanwhile, they struggle to identify basic things, including the commodity minerals their hired to identify!
Exploration geos are far better, and more often better read or experienced than the tech geos that i ve worked with in the past.
>>58209749
i am just imaging trying to do manual bolting in the back of a low coal mine, it makes my body hurt... The timbering aspect is something i hadnt thought of as we dont do nearly as much of it anymore in hard rock, everything is bolting, scaling, screening and shotcrete.

>>58209044
Is this dude Indiana Jones?

>https://ca.finance.yahoo.com/news/nippon-steel-emphasises-deep-roots-170510237.html
Steel news

>>58210076
That looks slightly sped up. Like it was 24fps and then set to 30fps.

>>58210076
>>58210168
It's really obvious with the guy walking in the background at ~16s.

>>58209907
>manual bolting in the back of a low coal mine
It's not fun. Luckily I didn't have to do much of that stuff before I was identified as a future electrician.

>>58210076
>>58209044

Was just thinking about it and I don't believe there will be any major infrastructure renewal or reindustrialization of the West. The elites just don't want it and are actively against these policies. The rhetoric about such things is just that: rhetoric.
What our elites seem to want is restoration of hereditary aristocracy. They want to be Lords and Ladies of the new neufeudal order where they have everything and everyone else is functionally a serf. They will let the West deindustrialize except for the military and maintenance of nukes, just so no other power can invade their turf. But within their turf, they want, as much as possible, to go back in time and reserve modern amenities to themselves so they can stand out and feel superior as the New Nobility.
No good roads for the commoners. In a few years, no reliable electric grid. No good hospitals or schools. Etc. etc.
The elites will have all these things privately supplied just to themselves. The rest of the Western World will be left to rot.
As far as keeping commodities industries alive, our hope is to push for exports to places that still believe in modernity for the masses: Asia, and in the future, Africa. Our elites might permit us to become resource colonies for those places as long as the masses of the West don't reap much of the financial awards and instead most profit goes to the top of society.

That's what I think, anyway.

>>58210868
That's absolutely the plan, but it's ultimately a self destructive strategy, even if they continue to successfully deindustrialise the west in doing so they undermine their own power. A strong military requires a large industrial base, skilled workers, and motivated men, all of which are sabotaged by current policies.
As the elites continue to undermine themselves they open the door wider for other groups to take power from them. Nationalist parties in Europe are growing fast for instance. And we'll see more dissent among the elites from people like Elon Musk who can see the problems with the current trajectory.
I'd put the life expectancy of the regime at a few more decades tops. Not that it's going to be very easy for us in the mean time though

>>58210868
>What our elites seem to want is restoration of hereditary aristocracy. They want to be Lords and Ladies of the new neufeudal order where they have everything and everyone else is functionally a serf.
Democracy is a scheme, the system never fully changed.

>>58211207

>>58211280
Basically this, democracy was a lie from the beginning, the system never changed.

>>58210868
>>58211150
>>58211207
>>58211280
>>58211301
And the cross contamination of threads and boards continues, sadly.

COMMODITIES, MACRO,MINING GENERAL .
how do the dear diary, journal entries relate to the CMMG bake? How do we PROFIT?

>>58211335
Fuck off newfag, we've always talked about off topic intellectually stimulating topics here.

>>58211335
I'm talking exactly about the future of commodities in Western nations. The future is bleak except for exports unless we the current elite are BTFO.

>>58211335
If that isn't macroeconomics idk what is

>>58211150
I think our elites want to be like South American elites but with a big military. They're happy, perhaps, just to supply resources to the world and have a pauperized population. And they're too short-sighted to see how this undermines their own power.
How does this affect commodities? Well, in the West, we have to focus on exports to keep our commodity industries alive while the current power structure exists.
In the future, a nationalist movement could, as you say, take power and rebuild the West, which of course will mean directing our resources inward rather than outward.

>>58211426
*unless we BTFO the current elites/unless the current elite are BTFO
>couldn't decide where I was going with that sentence while writing it

>>58211451
>in the West
You're not thinking like the "elites", they're internationalists, always have been.

Strong out of the gate in Chinkland, this should be a wild week

>>58211335
hey man calm down 1pbtid man it's the weekend.

>>58211335
Also, the main reason I'm even thinking along these lines is because I work in commodities -- a very threatened commodity (coal) -- and I ponder out future scenarios in order to see what I should advocate for my industry. For the time being, exports sounds like our only ticket. And this doesn't seem to apply only to coal, but also, if less so, to other minerals and other types of commodities. Our elites are interested in their FIRE economy (Finance, Insurance, and Real Estate). Commodities are a distant second or third in their list of economic priorities.
I want mining, logging, (good) agriculture to thrive in the West, and would prefer it to thrive by rebuilding the West and, as for agriculture, by supplying us with less contaminated food.
I think for hours each day about this stuff.

>>58211552
thinking about the future or the past too much is a bad habit of mine as well so I try to make a conscious effort to live in the moment a bit more. Hobbies, family, friends etc are very important to this end

>>58211490
That's true, but their power base is the West. They want to rule the world, but that project is failing due to misguided military adventurism and the rise of BRICS. I think they'll settle for being neofeudal aristocrats, Latin American style, and enjoying modern goods and services that are increasingly denied to us commoners.

Also, on another topic, I read articles at least once a week from electric utility operators saying that within this decade we could see regular power outages in much of the U.S. due to two factors: 1) overreliance on sporadically operational renewable power sources, and 2) failure to maintain the nation's electric grids properly.
The emphasis on infrastructure spending has been a big talking point for politicians for 15 years, at least since Obama's "shovel ready jobs." Trump's campaign in 2015-2016 took talk of infrastructure renewal to new heights. Yet there has been minimal progress on this front. That fact bodes ill for commodities in the US unless we rely more on exports. To grow the mining industry, we'll need to export more minerals.

>>58211603
>thinking about the future or the past too much is a bad habit of mine as well so I try to make a conscious effort to live in the moment a bit more. Hobbies, family, friends etc are very important to this end
Absolutely. I do spend quite a bit of time with family, and I love philosophy and history and should probably spend more time reading about those topics just to clear my head.

>>58211552
Now put this way. It is stimulating>>58211399
Without doomer /x/ vibes.

>>58211441
Check
>>58211548
Your right, Check

>>58211451
>>58211552
I work for an IT recycler so a strong mining sector and low commodity prices would probably put me out of a job, kek.

>>58211608
>They want to rule the world
They already rule the world. Although they're still sculpting it in order to reach their goals.

>>58211732
Their position is pretty shaky and they're actively alienating countries on the periphery. Either NATO needs to go full Thucydides before they render themselves completely incapable or they'll be supplanted by BRICS and other such blocs.

>>58211664
I wish you the best. If we really want to rebuild our infrastructure, and Asia and Africa are going to develop anyway, then we'll need recycled metals as well as newly mined metals anyway.

>>58211848
>they're actively alienating countries on the periphery
I can't stress this enough, you need to remove borders from your mind to actually have an idea of how they operate. They're not alienating anyone, they only make at seems as if they are to wage psychological warfare and change policies, something something The Third Reich, the Soviet Union etc...

>>58211897
They've been able to operate like this indiscriminately in the present day but this hasn't always been the case. They need jurisdictions that have legal frameworks that tolerate their behaviour (the US, China) or are too weak to stop them (the middle east, south america).
Historically this pattern plays out with rising regional elites gradually cracking down on the rootless internationalists. Without the hegemonic power of the US behind them they can't stop countries with strong nationalist movements from locking them out. This has happened many times throughout history and I see no reason to think it's different this time.

>>58212067
Idk you're still thinking in national terms... They usually fund the "nationalists".

>>58212098
Sure. There's strategic benefits to playing both sides, but this only works so long as you're strong enough to control them.
For instance the Russian Empire before the revolution funded the bolsheviks, because at the time Lenin and friends were a destabilising force inside the communist movement, and they didn't seriously believe the empire could be overthrown. But it would be ridiculous to conclude from this that the Tsar secretly controlled the Soviet Union.

>>58211608
>Also, on another topic, I read articles at least once a week from electric utility operators saying that within this decade we could see regular power outages in much of the U.S. due to two factors: 1) overreliance on sporadically operational renewable power sources, and 2) failure to maintain the nation's electric grids properly.
The emphasis on infrastructure spending has been a big talking point for politicians for 15 years, at least since Obama's "shovel ready jobs." Trump's campaign in 2015-2016 took talk of infrastructure renewal to new heights. Yet there has been minimal progress on this front.
The prime reason why I don't even consider investing in utilities or midstream oil&gas is the fact that there is a fuckton of capital investments that have stacked on over the years because nobody has bothered to do proper maintenance. Extremely unprofessional, reminds me of the way condominiums sometimes simply decide to not maintain their building and that eventually ends up in bankruptcy or at least major reduction in the value of that real estate and lots of expensive bills for the owners. The renewable energy is also an awful strain on the grid thanks to its intermittency but the big problem in the USA is decaying infrastructure itself, and that could end up very badly. The taxpayer will likely come to the rescue in the end but how much damage happens between then and now will remain to be seen.
>That fact bodes ill for commodities in the US unless we rely more on exports. To grow the mining industry, we'll need to export more minerals.
I wonder how much steel, alumimum and copper alone would be needed to build all the updated infra. Probably best to stay long commodities at least until the end of the decade

>>58212195
>But it would be ridiculous to conclude from this that the Tsar secretly controlled the Soviet Union.
Because most of the funding for the Bolsheviks came from America and Western EU. And after the SSSR collapsed they flew in money from the FED to privatize all the assets for pennies on the dollar.

>>58212559
>most of the funding for the Bolsheviks came from
Jews

the cartel has lost

>>58212666
I mean sure, but there's some Anglos and Europeans on the list as well.

>>58212676
>Gary says
Cartel on suicide watch

>>58211632
Wtf are you checking?

>>58211632
If I give off doomer vibes, it's because I've been reading coal production data from recent months and coal is in the toilet in the USA. Also, electric grid reliability warnings are sounding from utilities who say rolling blackouts could be common across America in the next few years if the renewable energy buildout and shutting down of coal-fired power plants continues apace.
See the chart here
>>58176733

>>58212819
>>58212950

Just made my fill and kill for First Majestic and Pan American, after all this time it looks like now is the time. Here we go boys.

>>58176526
SCHIFF BROS I'M SO HARD

>>58213877
CHECKED, I can't sleep, it's actually happening

>>58212676
>the cartel has lost
Kek

>>58209044
>Take a seat and let me tell you a story.
Is it a story about dilution and fraud?

Why is gold mooning bastard bitches?

>>58218345
>>58218345
2 weeks are here
Asia is buying and westoids dont even know about gold

Good news! I am not in touch with the Russian government about relocating to Russia to work as a coal miner there. In Russia, coal mining will last the rest of my life. In the USA, it might be a dead industry within ten years -- maybe even five, given the rate of schedule power plant closures.

I will forfeit U.S. citizenship if needed in favor of Russian citizenship. I know the Russian language moderately but can learn it much better. I don't care about the danger of Russian mines; I just want to work the rest of my life in the job I love, and if I die doing what I love, well that is infinitely better than living a life I hate.

Russia, to me, is the light of the world today, the hope of the world for a conservative, Christian future for white people, and good relations with all the other civilizations on this planet. I would feel much prouder to be a Russian that I do being an American, for which I feel only shame now.

>>58222982
*now in touch

>>58222982
Let's all move to Russia, bros! Russia, China, and BRICS in general respect the basic resource-based economy and don't base their economies on high finance to the detriment of mining, logging etc.

>China has become Indonesia's top trading partner during the last decade, as its natural resources such as coal and nickel help to power the world's second-largest economy.

https://www.yahoo.com/news/indonesian-president-elect-visits-china-081557233.html

Indonesia now produces more coal than the USA; world's top coal producer is a title America held for more than a century, but now even Indonesia has surpassed us -- by more than a hundred million tons per year, and growing fast!
China and Indonesia are also on my list of places to go. I am sick of watching the industry I love die the death of a thousand cuts here in the USA.

>>58223196
cлaвa pyccии

>>58223857
Words and photos, or "Words from Russia"?
It's been 25 years since I took Russian in college, so I desperately need to brush up.

>>58202613
>>58202637
>>58202911
>>58203186

He's a fucking idiot

Technical analysis is BACKWARD LOOKING. The gold price in April 2024 doesn't care about what happened in November 2023. Trends are only obvious with hindsight. And prices don't care about his shitty cycles model. Gold will go up or down depending on current sentiment and how market participants feel, not some arbitrary cycle period.

Am reading up on Russia's Siberian coal regions

>>58222982

who the fuck gives up life in the USA to work as a coal miner in a shithole like Russia

>>58225895
Someone whose whole life revives around coal mining and who knows, the way things are going, coal's days are limited in the USA.
I also hate the woke, DEI, black-worshiping, tranny-loving modern USA. I am an admirer of Putin's accomplishments and of what Russia stands for in the world today: tradition, Christianity, and toppling globohomo.

>>58226095
*revolves around

Also, Russia is the greatest country in the world for mining in general, while the West, beholden to green communists, hates mining.

slurpy burpies!

>US SPR Replenishment Cost Increasingly More. The latest round of strategic petroleum stock replenishments in the US, totalling 2.8 million barrels in September, has seen the average price hit $81.32 per barrel, above the $79 per barrel threshold that the White House mandated for refilling crude SPRs.

>>58222982
>>58226095
You seems quite deluded. Not like they're closing your coal mine tomorrow and you're out of a job. I'm not sure it's a good idea to move from a $27T GDP country to a $2T GDP one unless you're rich, also there's plenty of wokism in Russia. Seems like Russia is sending those same "white Christians" to die in wars, maybe tomorrow they decide you should join your fellow brothers in the front lines, if you get your Russian citizenship that is.

>>58225895
Miners' Day is an actual holiday every year in Russia. Russia has valued miners deeply since Soviet times, when they were held up as some of the ultimate heroes of labor. That concords with my values, which sees skilled, real workers as the basis of the nation-state.
You can stay in America, I'm not stopping you. You can get your government-funded sex change operation if that's what's keeping you here.
But I hate American culture. I hate the short-sightedness, I hate the mobs blinded by ideology pumped out by the media, I hate the whole kit and kaboodle.
I have tried to be a good patriot of Western Civilization, as I believe it's done more for humanity, by a light year ahead, than any other civilization in history.
But Spengler may be right. As the West enters its next Dark Age. Russia will be the preserver and defender of Western accomplishments.
Look to the East. That's the future.
https://www.youtube.com/watch?v=K8lfFPie7_U&ab_channel=BritishPath%C3%A9

>>58226599
Idk what pills you're taking brother, but Russia isn't what you think it is.

>>58226592
I am willing to fight and die for a country I can believe in. And yes, I am a low level millionaire. I made that money slurping stock in the 2020 crash for pennies on the dollar. My main stock did about a 120-130x before I sold most of it (could have gotten 140x but my timing wasn't perfect).
I don't value my life unless I have something meaningful in it. The United States offers only nihilism, ideology, and hideous unnaturalness in its media and values. The whole Western World has gone this direction.
Yes, Russia sends people to die in war. All white countries did for millennia. Russia is reasserting its power on the world stage and the West is getting its shit pushed in in grand style. Another fiasco for American foreign policy. Russia is no great economic power, but it is the leading geopolitical rival to the USA. With China as its ally, Russia has economic might at its back and can impose the BRICS vision upon the world. The Western world order is not going to last much longer. Things will become very multipolar quite soon.

>>58226658
I care that Russia is the greatest mining nation on the planet and espouses values much more in line with my own. That's all I care about.

>>58226760
>>58226789
Best you go there and live for a while before renouncing your US citizenship is all I'm saying.

>>58226829
I've lived in Ethiopia for a year, and in other parts of Africa. I'm sure Russia is less difficult than that.
And of course I won't renounce citizenship right away. It'll take years to get Russian citizenship.

>>58226760
probably smarter to go over there after the hostilities have cooled down a bit. Not like you'll go out of a job in the next few years desu

>>58230155
I am gathering information, making my case to the Russian government, and making connections there. It's all in preliminary phases.
But I know Russia is a country that values coal and mining and resources and the men that do the work of extraction. Russia also aligns with my values in other ways.
Will America implement a National Miners' Day and give everyone a day off for the holiday? Of course not. Russia has real values that make sense.
I will go when my elderly parents die, which could be months to a few years. Both are in very poor health, and I expect the other to die shortly after the one, as long-married couples often do.

>>58230273
>Will America implement a National Miners' Day and give everyone a day off for the holiday?
That's something you'd find in a communist textbook.

>>58225769
>midwit filtered by TA
lol

>>58230568
Well they weren't wrong about everything. I do think workers are the backbone of the economy.
I hate Cultural Marxism, green socialism, and anti-White leftism though. America stands for all those things.

>>58230881
You should negotiate holidays with your employer, as opposed to the state mandating it for everyone, because you end up forcing people that want to work to go on a holiday. All the labor holidays no matter which industry they're working in are a marxist scheme.

>>58230688
you need context here. Gary Savage is awful at TA himself and consistently loses money for his paid subscribers with his terrible advice.

>>58230273
https://www.yahoo.com/news/russian-officials-end-efforts-reach-105956909.html

They ll leave you dead in a mineshaft

>That daily candle on gold.
The cartel won?

>>58232932
>we're so back
>it's over
>we're so back
>it's over

>>58232932
>>58232970
is Japan cancelled?

>>58230988
Miners deserve a national holiday, and people can work on holidays -- for extra pay even (at least sometimes).
Why the fuck have a holiday for MLK but not for miners? Let alone Juneteenth?
I am what you might call a Blue Collar Supremacist. It's not an idea system I hold, more like just a gut instinct from upbringing. When I see businessmen in suits, I assume even their skin smells weird. They just don't seem right to me, like real people.
Real, skilled workers are real people and human beings, particularly White and Asian ones.

>>58233023
thanks was looking for this webm

>>58233071
No holidays for anyone is my policy negotiate with your employer or better yet if you're self employed you can take holidays whenever you want. Businessmen in suits can create just as much value for the world as a coal miner.

>>58233193
>Businessmen in suits can create just as much value for the world as a coal miner.
Never said they can't. But they don't have as much dignity.
And what I described is more an animal-level reaction to the suits that's been with me since early childhood.
But it's probably based in truth. Different categories of people have different biological characteristics, like particular odors.
Blacks have a certain odor, as so Arabs. My reaction to white collar people is like something at that level. Perhaps it's bigotry, though that's a pretty gay word.
You would also get rid of President's Day and Columbus day, under that reasoning, as well as Veterans' Day and Memorial Day, since those are holidays for people.

>>58226592
>I'm not sure it's a good idea to move from a $27T GDP country to a $2T GDP
Is GDP really $27 trillion? Most of that is inflated real estate claims, inflated medical prices etc. It's hallucinated financial wealth.
Real goods and real skills are the basis of real wealth.

>>58199130
A deflationary death spiral like the one china is drowning in cant be countered by "injecting liquidity" and "controversial monetary tools". The equilibrium between the natural offer and demand is going to be found. In 50 years children will wonder about what "china" was looking at their parents geography books

>>58233528
>You would also get rid of President's Day and Columbus day, under that reasoning, as well as Veterans' Day and Memorial Day, since those are holidays for people.
I wouldn't say get rid off. I have nothing against people celebrating Columbus day, I'm just saying they should negotiate that with their employer if they want to take a day off for that "holiday", as opposed to forcing everyone to celebrate Columbus day by making it a national holiday. That goes with any holiday, although I do not like the message sent by some holidays, but that's alright because I won't be forced to celebrate them in the scenario I described.

>>58233627
idk senpai I think the chinks are going to succeed in getting their economy back up

sold 1/2 my Agnico to pay bills the last 2 weeks, not a good feel

>>58233729
hate it when I have to take money out of my trading account, but hey at least you still have the other half

>>58233606
I get your point, but It's a bit more complicated than that.
>>58233627
You're a bit too bearish, injecting liquidity can "fix everything" as we saw during the GFC.

>>58233729
>>58233766
Do you guys really?

>>58232932
Can't have gold and bonds going up at the same time. Clamp it down!

>>58233899
property tax, insurance, tires, now need a new roof/gutters. you wouldn't expect a cmmg bro not to be all-in would you?

>>58234130
SUV anon was right, that is the /cmmg/ way.

So, if I am bullish on the USA, EU, Uranium, Lithium and industry , AND, bearish on China, what should I buy?

Rio? Vale?

>>58233766
checked, maybe I still have enough to make it when we hit $5,000 gold

>>58234326
>So, if I am bullish on the USA, EU
>bearish on China
These economies are so interconnected, that you cannot be bullish on one and bearish on the other.

>>58233848
The main other complicated is US military power. That keeps US property claims intact and prevents nationalization by, say, China. The US military order also backs up the dollar as reserve currency, though this effort is failing.
As reserve currency status erodes with US military power, we will see further impoverishment of the United States and its allies. What this really means is we'll see the real value of our populations' goods and skills, not their nominal value in a skewed global finance system.

>>58233899
Had to do it one (1) time because of home renovation. Extraordinary capex

>>58234326
>bearish China
>bullish commodities
pick ONE and ONLY ONE

>>58235421
>>58234503
wb India?

>>58235884
bullish, they are at a similar stage as where the chinks were like 15-20 years ago. Look at the GDP per capita charts. India superpower by 2040 sir

>>58233680
What I don't get about this kind of purely contract-based libertarianism is how it leaves no room for culture, nation, and Volk. It's just a rootless Judaical cosmopolitanism that's left. No small wonder, then, that this ideology was crafted by Jews, probably with the goal in mind of deconstructing nations and turning all interpersonal relationships into financial exchanges, which is a realm where Jews thrive.

>>58236584
this is why I constantly tell my friends & family to not worry about every single cent when I do something for them. I don't want to treat giving them a ride or buying them a drink or the like as a financial exchange where they are somehow on the hook. There's room for charity and kindness it's not like we are in a poor country. Hell, in poorer parts of the world people are ready to give more for free

>>58235884
India is a bubble and overvalued af.

>>58233713
They are the millenials and Zoomers ussr
>>58233848
There were no lessons learned and nothing got fixed by QE, the period its going to take to deflate the grand debt bubble cyclus is just going to be more brutal - as for china, enjoy the civil wars of the late 2020s

>>58236584
Well if you had any of those qualities yourself then you wouldn't need the govt to do them for you

>>58233848
>injecting liquidity can "fix everything"
Dumbest shit I ever read

Thank you for that

>>58236584
>Volk
LMAO kill yourself you actual religious cultist

>>58236584
>it leaves no room for culture,
It does leave a room for culture, you can still celebrate whatever you want you just can't force everyone else to do it with you. The self centered Austrian school wasn't conceived by Jews, but by Austrians, although yes I agree a lot of Jews are sympathetic to it.
>>58236886
>There were no lessons learned and nothing got fixed by QE, the period its going to take to deflate the grand debt bubble cyclus is just going to be more brutal
China will do the same kick the can down the road, It's not their first rodeo.

>>58236993
>Dumbest shit I ever read
Why?

>>58236868
>Hell, in poorer parts of the world people are ready to give more for free
It's because they're more communal, with community meaning a lot of extended family.

>>58237169
Culture makes demands of people, it requires that people be on the same page, that they conform to the dominant worldview. The relativistic view of different people just having different cultural traditions, i.e. multiculturalism, is no culture at all.

>>58237089
Yes, the Volk, the nation or people-group rooted in a land and its environs, is a real thing. Why don't you go kill yourself instead.

>>58236898
I have plenty of things and probably more money than you. But I cannot, on my own, have a culture, a nation, a people. Those are collective goods in which the state must play a role, along with the church, in shaping them.

>>58237169
chinas shitcoin is no reserve currency, and its highly unlikely that it magically becomes one with that weird brix marketing and inflating it. No, todays china is done for, even assuming that the top of the 50 year grand debt cycle hasn't been hit and that their is no deflation of it happening, and every central bank is going to drop its interest rate to 0 over night ignoring the inflationary pressure

>>58237370
Yes, and I try to act like they do too. I used to be a huge introvert but in recent years I have started to make a conscious effort to be more social and also more generous. In the city everyone's out for themselves regardless of broader national culture from my experience but that's no excuse to act selfish myself

>>58236868
>There's room for charity and kindness
It's all good when you do this on and individual basis with friends and family, but when you think about it all these virtues of unselfishness that are promoted in todays world requires selfish people on the other side to receive them. Charity has become a scheme as well, but I guess it has it's applications with tax reliefs, better to feed a bunch of homeless kids than to give that money to the government.
>>58237598
Idk how a weaker yuan is bad for china (since they export a ton of goods and services) they have plenty of forex and gold reserves as well. Fact of the matter is todays China is still the largest manufacturing hub in the world and the world needs it's products.

>>58237834
There's other non-monetary ways of helping others that even strangers can reciprocate. And besides charity does not need to be repaid. But I don't give my money to organization like Amnesty or the like because I know that the money goes largely to the wrong people

>>58237610
Very good and positive attitude.
At work and in coal country, I am impeccably polite, helpful, kind, generous, and positive. I just love coal country, coal mines, coal mining, and my job and company.
I too used to be highly introverted and decided just to open up. And guess what? Most people like me quite a bit. I have a certain naturalness and sincerity that people yearn for. Yes, it makes me vulnerable to dickwads, but I've dealt with them countless times and can just ignore them most of the time.
I opened up to my company with my ideas about where, how, and why to expand and they've been very receptive, taking things now into serious consideration, like pushing into Asia.
Humans evolved as social animals; that's why contract-libertarian ideology is unnatural and incongruent with human nature, just as controlled economy communism is.
Be yourself, be chipper and upbeat if that's how you naturally are (I am, and optimistic too, generally speaking), and you'll get a lot of good feedback. Some people will resent you for being happy and open because they're miserable fucks or their minds are polluted with bad ideology, but just learn to ignore them, or if they happen to make a relevant point, think it through and either reject or take it onboard in an effort at self-improvement.
You can do it, anon!

>>58237834
Why is a receiver of charity necessarily selfish? They're usually just needy, which is different from selfish. Wanting to sate a basic need is not a form of selfishness; we are, in fact, entitled to group resources based on our social nature of evolving in communal, familial groups. Families are intrinsically socialist -- functional ones, at least. And nations should be National Socialist, i.e. preserving private proper and great material and moral rewards for those of great accomplishment, but also affording basic decency to the average people and the less than stellar (but still decent) people.

>>58237248
Fiat liquidity only kicks the can down the road

Read rothbard and Moses fren

>>58238028
>There's other non-monetary ways of helping others
I mean this doesn't really change anything unless a person that is a substance abuser is the receiver of the charity.
>And besides charity does not need to be repaid.
Absolutely that's the corrupting side of it, all these "virtuous" ideas aren't so virtuous when you think about it. Usually people end up supporting peoples lifestyles that are unproductive, while the charity donor is somehow virtuous by being unselfish and "sharing" their wealth through monetary or non monetary ways, the recipient is selfish and is corrupted by receiving "things" that they aren't required to reciprocate for. It's very important to be charitable on an individual basis. The only charity I can think of that can be done on a collective basis is something like donating food for feeding homeless children or something similar, although I do not know if this ends up corrupting the individuals. But hey man if it makes you happy do it, I'm just trying to bring to surface some underlying issues with charity.

>>58238326
Yeah exactly my point that's why I said "fix everything", because it kicks the can down the road and the problems are faced at a future point in time at the expense of some and at the benefit of others.

>>58238154
>Why is a receiver of charity necessarily selfish? They're usually just needy,
Well there's always someone more needy than the recipient of a donation, why don't they pass on the charity to someone more in need of the resources they received? The answer is because they're selfish. If the people you're donating to have 4 functioning limbs and a somewhat functioning brain you're supporting their unproductive lives, wasting your capital in the process, and corrupting the recipient of the donation which now expects the "world" to give them capital for free because "they're poor". If no one were to support their lifestyle they'd have to get a job and produce enough to satiate their consumption needs.

>>58237834
A weaker yuan doesn't help and the forex and shiny rock reserves wont cut it either. Matter of facts the world doesn't need the amount of products china needs to sell to get itself out of its communist hole. They can produce as many toy cars, plastic parts and shit as they want, if they don't find the markets to sell them pumping more liquidity into the production wont increase the sales.

>>58238747
All the countries are in the same boat they'll have to devalue their national currencies including the US and EU. There will be quite the demand for chink shit once the FED and ECB start cutting interest rates.

>>58238934
The EU has no other choice with the US having given Germany the deathblow by killing its energy supply and Trump likely burying the corpse withdrawing from nato, the least withdrawing the troops contingents and leaving Europe militarily naked. The US on the other hand doesn't have to, and is going to absurdly profit from keeping it higher for longer

>>58240400
>The US on the other hand doesn't have to, and is going to absurdly profit from keeping it higher for longer
They don't have to if they do some sort of shadow QE program like the BTFP to keep the banking system afloat. Otherwise they're just as fucked as everyone else.

>>58238422
Gotcha I missed that part but in my defense I am retarded

>>58234298
Word up.

>>58240449
Fucking based.

>>58240436
that is what likely is going to happen, if any risks due to higher interest rates occur like last year, its going to be chirurgical interventions, while sucking up everyone else liquidity that desperately tries to restart its economy with pumping in liquidity

>>58237464
Well idk if we need the church or the state
Those are obsolete organs in their twilight despite the propaganda that tells us otherwise. They have no true power, merely the illusion of power.
What would the powers that be actually do if nobody came out to vote? If they simply stopped believing in them

>>58240794
>What would the powers that be actually do if nobody came out to vote?
The true nature of the system will surface, temporary leaders will be installed until the "crisis" is averted, meaning until they convince everyone to vote to keep the illusion going. And no point in talking about alternatives imo, because people will always go and vote like cattle.

>>58234381
>>58240449
king<div class="xa24desu"></div>

>>58240794
>>58240929
Are you chat bots? I read non-understood dogmatic materialism in these replies. The "power" of the "state", "church", [insert random institution] is derived from norms, not from the material representation of those norms midwits call [insert random institution]. The material representations of those norms in form of actors, processes and structures lose power if the norms and material representation deviate too much.

>>58241212
>Are you chat bots?
No.

>>58241289
okay - its just that as soon as textual data has a materialist understanding of reality the chance exponentially rises that its a chat bot not a human.

>>58240794
You're deluded if you think church and state are dispensable to any functioning human society.

I'll bake

Fresh bread

>>58242128

>>58242128

>>58242128

>>58238064
I just try to be more candid and positive in a world of negativity and cynicism. I'm looking around myself and it seems nobody is happy or optmistic about the future. And I get it hard times coming and all, but there's still lots of good things out there. People should just remember to be grateful and enjoy the good moments every now and then. After all what is life but a collection of moments? I think people appreciate genuine expression and physical connection nowadays when everything feels very fake and distant. And I don't mess with popular social media sites, save for 4chinz