/CMMG/ Commodities, Mining, and Macro General

[Anonymous No.55249883]

Mexican Edition

Commodities include
>Precious metals
Gold, Silver, Platinum group metals
>Energy
Oil, Natural Gas, Uranium, Coal
>Base Metals
Copper, Iron ore, Nickel, Lithium, Cobalt, Zinc, Lead
>Others
Water, Agricultural, Salt

More information for each commodity
https://pastebin.com/tduUv8Ny
Calculators for DD
https://pastebin.com/TsRtpKHs
Steer Clear List
https://pastebin.com/V571vwse
News Sources
https://pastebin.com/bQFESpBL

>Youtube channels to follow
Palisade Gold Radio, Mining Stocks Education, Sprott Money, Goldsilver pros (Rob Kientz), Finding Value Finance, Gregory Mannarino, Peter Schiff, Macro Voices, Crux Investor
>Canadian junior press releases
https://twitter.com/JrMiningNetwork
>Newsfeed
https://twitter.com/zerohedge

>What is Austrian economics?
https://mises.org/what-austrian-economics
>Austrian economics books
What has government done to our money (Rothbard), The mystery of banking (Rothbard), and Profit & Loss (Mises)

Previous: >>55218958

[Anonymous No.55251227]

bump

[Anonymous No.55251657]

>>55251227
Are those the proud boys?

[PAN MAN No.55251794]

thank you baker!
https://www.mining.com/web/chile-court-extends-closure-of-lundin-copper-mine-over-sinkhole/

[Anonymous No.55252169]

/cmmg/ died with the death of the commodities bull market

[Anonymous No.55252386]

>>55252169
I see this post every weekend

[Anonymous No.55252433]

>>55251794
You got it PM, the beating heart of /CMMG.
>>55252169
Money can be made both ways, up and down.

[Anonymous No.55252549]

>>55252386
It'll be true in two moar weeks tho

[Anonymous No.55253131]

BOOM... DRAMATIC MUSIC... RIOTS, 20TH CENTURY WAR CARNAGE

(WHINY VOICE)
"We live in a fantasy world now, reality has been destroyed"

(CANADIAN VOICE)
"This is the time... that you really need to pay attention"

EPIC EXPLOSION

(BOOMER VOICE)
"The probabilities are -overwhelmingly- on Gold's side"

BOOM, DRAMATIC MUSIC, TRUMPETS
(ANOTHER BOOMER)
"That is the best environment to see Gold increase it's value"

MUSIC CRESCENDO AND FADE OUT
"Welcome to Palisades Gold Radio, I'm your host Tom Bodrovics....."

[Anonymous No.55253195]

>>55253131
https://twitter.com/albertherne/status/1667552157233446914
>be very afraid of cbdc
>don't worry about prepping
>here's why you should buy my bags
>we don't platform anti-semites, nazi

[Anonymous No.55253217]

>>55251227
cananea chads

[Anonymous No.55253367]

>>Bayhorse Mill.
>>Preliminary discussions have been held to process silver and gold mineralization from a nearby third party Idaho gold/silver mine that is in the process of reopening. The Company will provide an update as more information becomes available

Does that mean they dont intend to produce ore themself in the forseeable future??

[Anonymous No.55253418]

>>55253367
it doesn't mean anything. It's a grift. Always has been

[Anonymous No.55253465]

>>55253131
>If you think you understand the junior mining sector, and you think that the participants in the junior mining sector are good people and kind people, hit the bid.

[Anonymous No.55253512]

RIP Uncle Ted.

[Anonymous No.55253696]

>>55253512
Damn I'm gonna miss him
We used to do letters on /pol/ and he even wrote back to some anons. I'm on enough watchlists or I would've written him. Didn't wanna get him in trouble for having correspondence with my crazy ass

[Anonymous No.55253850]

>>55253131
I cant believe I listened to this 2 more weeks podcast regligiously 3 years ago

[Anonymous No.55253855]

>>55253512
Just noticed the nigger on the left holding rake. They shouldn't let niggers on college campuses even if they were still slaves

[Anonymous No.55254028]

It's really funny seeing all of the uranium bulls on youtube yet again being extra bullish after calling for a breakout every week for the last two years.
Will they be right this time?
Part of me thinks maybe, because the chart pattern looks like this could really be it.
But since everyone and their dog is calling for a breakout, a bigger part of me thinks this will be yet another fakeout to the upside, maybe it'll last for a month to sucker everyone in and then we'll see the glowing rocks dump beneath the wedge and fall 50% from here.

Though if we do actually go up from here for real, none of those talking heads have any place saying they were right, because they've been calling for this shit to explode because of shortages and restarts and whatever the hell for so long, that if you listened to them you got fucked hard by the price action.
Only ones who can say they were truly right are people like Rick Rule, who dumped their bags on people at the top. Everyone else has just been running on hopium of not having made a shit investment after buying those bags.

[Anonymous No.55254057]

>>55254028
are we looking at the same chart? This is one of the most bullish commodity spot price charts there is, and to my knowledge uranium prices in practice are a bit higher still because contracts are not made using spot. Unless you're talking about junior shitcos (lol)

[Anonymous No.55254147]

>>55254057

Yes I'm talking about juniors.
I don't care about the spot price that much, because the junior miners ran so hot that the spot creeping up hasn't done shit to keep them up.
Really the only Uranium company that has kept up with the spot and done somewhat well is Cameco.
Even now those juniors are still up so much they could tank 30-50% and the ones who got in 2019 would still be up nicely.
People think that those juniors are going to explode up hard because of the long trends coming to an end, but I wouldn't put it past them to take a final but sizeable shit to the downside before the markets actually go up.

[Anonymous No.55254175]

>>55254147
Yes the juniors became vastly overpriced during the initial uranium peak. They're more fairly priced now due to uranium going up slightly and due to juniors bleeding at the same time. Probably not cheap still though. Cameco and Kazatomprom are a fairly stress free way of being long uranium.

[Anonymous No.55254649]

https://www.wpr.org/wisconsin-frac-sand-mining-electric-vehicle-batteries-chippewa-county

[The Dane No.55255061]

>>55253131
Kek, I heard the voice in my head

[Anonymous No.55255288]

https://finance.yahoo.com/news/jeffrey-epstein-victims-demand-deposition-170411913.html

[PAN MAN No.55256346]

https://www.globenewswire.com/news-release/2023/06/06/2682828/0/en/Fireweed-Starts-Largest-Ever-Drill-Program-at-Macmillan-Pass-Focused-on-Expansion-of-All-Mineralized-Zones.html

Fireweed's getting back into drilling again this season at Macmillan Pass

[Anonymous No.55256594]

>>55253512
F

[Anonymous No.55257336]

https://www.yahoo.com/finance/news/fed-set-pause-assess-effect-200000244.html

They'll never lower rates again. I called pivot almost two years ago I think it was now. It Might, maybe, possibly have been a few days why of two years ago. I have been convinced since then that it will never happen. Its never happening

[Anonymous No.55257652]

>>55253131
OH MY GOD GOLD GONNA GO UP.

[Anonymous No.55257666]

>>55253367
They don't have ore in their mine. Look at their property map. The mine that has the actual ore is to the north and owned by a private party. Bayhorse has the next door one and hoped there was ore there and there isn't.

[Anonymous No.55257678]

>>55254028
Price hasn't broken down. Lobo Tigre said he expects uranium to move before gold. Honestly a win would be fucking nice. I'd really like to see a 3x in my uranium miners by the end of the year.

[Anonymous No.55257691]

>>55254147
But here's the thing people don't realize that Kevin bambrough exposed two years ago. Cameron is fucking morons. They contracted all their uranium at $50/lb. As the price goes up they actually run the risk of going out of business.

[Anonymous No.55257695]

>>55257691
Cameco*

[Anonymous No.55258750]

>>55257691
Cameco makes new contracts at higher prices all the time. The main point is that they're getting contracts that are well hedged and that have some exposure to a bullish uranium price. That facilitates production growth. Their costs are minimal so they're not going to lose money here.


https://www.cameco.com/invest/markets/marketing-framework
>We have a portfolio of long-term contracts, each bilaterally negotiated with customers, that have a mix of base-escalated pricing and market-related pricing mechanisms, including provisions to protect us when the market price is declining and allow us to benefit when market prices go up. This is a balanced and flexible approach that allows us to adapt to market conditions, put a floor on our average realized price and deliver the best value over the long term.

>This approach has allowed us to realize prices higher than the market prices during periods of weak uranium demand, and we expect it will enable us to realize increases linked to higher market prices in the future.

>Given our view that additional long-term supply will need to be incented to meet the growing demand for safe, clean, reliable, carbon-free nuclear energy, our preference today is to sign long-term contracts with market-related pricing mechanisms. Unsurprisingly, we believe our customers too expect prices to rise and prefer to lock-in today’s prices, with a fixed-price mechanism. Our goal is to balance all these factors, along with our desire for customer and regional diversification, with product form, and logistical factors to ensure we have adequate protection and will benefit from higher prices under our contract portfolio, while maintaining exposure to the rewards that come from having low-cost supply to deliver into a strengthening market.

[Anonymous No.55259673]

bump
https://www.mining.com/norway-considers-opening-germany-sized-area-to-deep-sea-mining/

[The Dane No.55260366]

This is bullish for gold

[Anonymous No.55260695]

[The Dane No.55262002]

bomp

[PAN MAN No.55262882]

https://www.mining.com/web/plan-for-one-of-worlds-biggest-coal-mines-challenged-in-india/

[Anonymous No.55263368]

you guys promised Bayhorse was a sure thing and I put all my money into it. Why is it still going down? What about the ocean deal, the cowboy hat, the pure silver ore?

[Anonymous No.55263408]

>>55258750
Yes I'm sure Cameco is right about their positive outlook on their own financial posistion and Kevin bambrough is wrong.

[Anonymous No.55263417]

>>55263408
Cameco who wants to prop up their own Financials versus Kevin bambrough who was the president of a commodities investing firm that analyzes companies like cameco.

[Anonymous No.55263494]

>>55263408
>Kevin Bambrough is wrong
More often than not, this is true. I don't know why people can't see through these shills.

[The Dane No.55263511]

>>55263368
Graeme is deliberately starving the comex for silver to create the short squeze of the century, after which his team of world class geologists will kick production into high gear. Timeline give or take 2 weeks.

[Anonymous No.55263565]

>>55263408
Red, didn't you say two years ago that according to this genius Cameco would be on the chopping block by today? No, I don't think Mr. Bamboorough is right.

[PAN MAN No.55264636]

https://resourceworld.com/manganese-the-forgotten-battery-metal/

Neat article on Manganese, its been sort of forgotten about since last year after stocks of the metal started running out due to chinese smelters going offline.

[PAN MAN No.55264643]

>>55264636
sorry thats magnesium i was thinking about, manganese is interesting too though.

[Anonymous No.55265388]

Concrete and steel broes, it's happening.

[Anonymous No.55265393]

>>55265388
>philadelphia
nothing of value was lost

[Anonymous No.55265715]

>>55263511
I cant wait two moar weeks!

[PAN MAN No.55266668]

>>55265388
what happened here?
vehicle fire gone wrong?

[Anonymous No.55266691]

>>55266668
apparently a tanker caught fire but the contents were spilling and causing dammage and yet I couldn't find what the contents were exactly. A few hours since I checked though so mb something to be found

[PAN MAN No.55266704]

>>55266691
oh lovely mystery cargo on the burning tanker trucks...

[Anonymous No.55266886]

>>55263494
So he's wrong because the stock price didn't go up? Doesn't make him wrong about the project.

[Anonymous No.55266895]

>>55263565
Years not over yet. Just getting started.

[Anonymous No.55267592]

>>55266895
Why does this guy think the company is going bust anyways? Is he just too far up his own ass or does he actually have information that others don't? I'm curious now.

[Anonymous No.55267661]

>>55249883
Are coffee futures good for you?

[Anonymous No.55267781]

[Anonymous No.55268407]

https://twitter.com/oriental_ghost/status/1668178893264801792
>Shanghai closed at 5674, approximately $24.72/ounce. Shanghai silver seems to be getting rid of the influence of COMEX/LBMA. This is the change brought about by the explosion of industrial demand in China.

[Anonymous No.55268486]

>>55266886
>>55266895
>>55267592
MPM doesn't even exist now. It merged witth ITR. MPM was another Jim Jones pick. Both have been serial capital destroyers.

[Anonymous No.55268578]

>>55266886
>>55266895
>>55267592
Again, never believe what company officers and "experts" tell you.
Picrel is what I discussed in previous threads.

[Anonymous No.55268826]

>>55267592
They long term contracted their uranium at $50. Inflation and cost of living will go up and they will lose money on every pound they pull put of the ground.

[Anonymous No.55268838]

>>55267592
He's the former president of Sprott and literally started their uranium investment arm 20 years ago.

[Anonymous No.55268876]

>>55254175
Yeah but how do you even buy kazatomprom?

[Anonymous No.55269139]

>>55253131

[Anonymous No.55269215]

>>55263511
>2 more weeks

[Anonymous No.55269256]

>>55269215
Is it sold yet?

[Anonymous No.55269461]

>>55268826
Considering their cost to pull uranium out of the ground is like $10 I think they'll do just fine.

[Anonymous No.55269469]

Oil gang, why do they hate us?

[Anonymous No.55269474]

>>55268876
What do you mean "how"? Just press the button that says 'buy'

[Anonymous No.55269626]

>>55269461
Wait till uranium is $300 oil is $200 and they're still selling for $50.

[Anonymous No.55269694]

>>55269626
First of all, I don't see how that would make them go under, and secondly that's not even true. You can see their uranium price sensitivity on their own website. You'll notice that as time goes on their realized price goes up.

https://www.cameco.com/invest/markets/uranium-price-sensitivity

But then again I'm not sure if I should even begin to take your argument seriously if you're expecting those kinds of prices to begin with. If you expect prices like that you should go all in on uranium and oil microcap shitters with insane torque.

[Anonymous No.55269774]

>>55269256
I'm balls deep in bayhorse too. I'm just busting your balls.

[Anonymous No.55269942]

No-one here is still seriously in gayhorse, it's just a troll

[Anonymous No.55270020]

>>55269942
there is at least one if his pf screencap is to be believed

[Anonymous No.55270173]

BREAKING NEWS
6/12/23 - JPMORGAN rumored to have paid $290M to Epstein victims
in other news
6/12/23 - JPMORGAN smashes PMs to recover $290M business related expense

[Anonymous No.55270594]

>>55269256
No, but according to the last corporate update he currently tries to rent it out.
Graeme intends to process ore from a nearby third party Idaho gold/silver mine.

[Anonymous No.55270730]

>>55270594
Renting out is a good way to create at least some cashflow. After the failed private placement, he is probably running out of options and money.
I wonder if they are also renting out their floating circuit. I remember bayhorse having problems with the wastewater and wanting to rebuild the circuit or something

[Anonymous No.55270987]

>>55270173
>business related expense
MDGVT

[Anonymous No.55271249]

>>55269626
never happening

[Anonymous No.55272241]

>>55270730
>I remember bayhorse having problems
I remember bayhorse failing at everything, almost like the company is a total scam never intending to produce anything.

[Anonymous No.55273416]

>>55269469
It seems the play was to buy PBR and then EC as a Texas hedge. And tankers as well but it looks like volumes are down now with the OPEC cuts.

[Anonymous No.55274133]

>>55273416
I've been eyeing PBR for a long time. The only concern is political risk for that stock. But it's so fucking cheap that I think I'll end up buying anyways

[Anonymous No.55274208]

forget commodities, next run will be tlt

[The Dane No.55274244]

>>55269469
>buying oil into a recession
shiggy diggy

[Anonymous No.55274414]

>>55249883
>Mexican Edition

get your money out of mining stocks lads, that shit is getting Nationalised

[The Dane No.55274672]

>>55274414
Just get out of mexico honestly

[Anonymous No.55274865]

Does anyone know or remember what happened to CLF (Cleveland Cliffs) bro? I thought of him today and don't recall what the outcome of his investment was, he made a pile of money on paper and didn't sell, giving most of it back right?

[Anonymous No.55274893]

If the BRICS+ trading currency goes forward as planned starting in August of this year, then gold going up greatly is baked in.
Why do you think central banks around the world are buying large amounts of gold?

[Anonymous No.55275319]

>>55274865
idk I like to think he had the brains to sell his in the money calls. I think I saw somebody loading up on CLF calls again about a month or two ago, maybe he's back at it

[Anonymous No.55275523]

anyone here holding natgas? im interested, should i buy or no?

[Anonymous No.55275544]

>>55275523
holding two natty producers but not natty directly. I think it's a decent time to be long. Prices could stay low or go lower though.

[Anonymous No.55275589]

>>55275544
hmmm ok ok, u holding any commodities?

[Anonymous No.55275667]

BREAKING from ceoca: Triple Point Salt Dome Chambers to be filled with Beer to create the worlds largest KEG

[Anonymous No.55275699]

>>55275667
ya know what those hosers can take off for all I care

[PAN MAN No.55276747]

AHHHH fuck I lost two really good gold pans on the highway.
hows everyone else's afternoon been?
https://www.mining.com/appian-sells-nickel-copper-mines-in-brazil-to-acg-for-1-billion/

[Anonymous No.55277679]

Sand bump
Triangle forming in SHLE

>>55276747
That sucks man. Still morning here, finally warm enough to call it summer.

[Anonymous No.55277681]

>>55275699
Bump

[Anonymous No.55278482]

>>55275589
gold

[The Dane No.55278820]

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2659-tsx-venture/scot/143096-scottie-resources-reports-positive-initial-metallurgical-test-results-for-blueberry-zone-with-up-to-97-6-gold-recovery.html

Scottie still chugging along nicely

[Anonymous No.55278928]

>>55278820
>President and CEO, Brad Rourke comments: "One of the primary roles of junior explorers is to reduce risk by answering unresolved questions. These promising initial metallurgical results illustrate strong gold recoveries using multiple extraction techniques and by doing so substantially de-risk the project. With so many advantages to the deposit: high-grade, near surface, on a road, adjacent to high-voltage power – these results confirming the deposit's metallurgy adds yet another positive element."

[The Dane No.55278949]

>>55278928
They certainly have a lot of things going for them, which is why they aren't the cheapest play either. But it's hard to imagine they don't end up going higher.

[Anonymous No.55278998]

Chang contraction

[Anonymous No.55279167]

the old pre-CPI smash, I hate them so much bros

[Anonymous No.55279257]

[Anonymous No.55279588]

>>55279257
DXY -.55, maybe we'll get a good rise in PMs later

[Anonymous No.55280065]

>>55279588
Looks like a nothing burger for PMs, but risk-on for equities.

[Anonymous No.55280668]

>>55274133
Lula won't screw us over, will he?
>famous last words
Perhaps it's better to play it with some offshore services.

[Anonymous No.55280696]

>>55280668
I think the question is rather, how badly will he mess with the company and what are the odds of some kind of black swan. Considering the company is valued at like a fifth of Exxon I think there is a lot of room for "error"

[Anonymous No.55281207]

>>55249883
hi, does anyone have a link or links to that massive short position that got margin called maybe 2 or 3 years ago on silver? or was it copper? i think the person behind it was chinese?

[Anonymous No.55281218]

>>55281207
Wasn't that nickel?

[Anonymous No.55281258]

>>55281218
yes, you're probably right, thanks

[Anonymous No.55281391]

>>55281207
Might be this. Tsingshan Holding Group held the biggest short position for nickel on the LME. It had sold nickel forward on the markets, betting on the price going down, not up. Tsingshan and others had to buy back their contracts or put actual nickel against it. The company now reportedly faces up to $US8 billion in losses

[Anonymous No.55281443]

on that same note, do you guys know what are the financial implications of picrel?

[Jealous No.55281448]

It's fake from here to the coast, is it not?

[Anonymous No.55281460]

>>55281443
lower inventories tends to mean higher volatility

[Anonymous No.55281691]

>>55281460
so a nothingburger

[Anonymous No.55281912]

Gold trend line broken

See you at 1850

[Anonymous No.55281948]

>>55281912
NOOOOOO BUT MUH FAVOURITE CHARTIST SAID IT WOULD ONLY GO UP FROM HERE HOW COULD THIS BE?

[Anonymous No.55282178]

Crescat & Quinton Hennigh special show this Friday with Snowline, Tectonic, Banyan and Rackla