/CMMG/ Commodities, Mining, and Macro General

[PAN MAN No.56286805]

Underground Edition

Commodities include
>Precious metals
Platinum, Gold, Silver
>Energy
Oil, Natural Gas, Uranium, Coal
>Base Metals
Copper, Nickel, Zinc
>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), 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
>What has government done to our money? - Murray Rothbard
https://mises.org/library/what-has-government-done-our-money
>The mystery of banking - Murray Rothbard
https://mises.org/library/mystery-banking
>Profit & Loss - Ludwig Von Mises
https://mises.org/library/profit-and-loss-0
>Must Read: Gary Allen, "Hunt for Silver"
https://s3.amazonaws.com/camppictures/CampArchive/Economy/Hunt%20For%20Silver.pdf
>How to play the exploration stock
https://www.youtube.com/watch?v=DxxZOA403dY

[Anonymous No.56286815]

>>56286805
Wagmi uranium bros

[Anonymous No.56286886]

>>56286815
hoping for a delayed launch so I can buy more cheapies

[Anonymous No.56286955]

>>56286805
Cool picture of a mine!

[Anonymous No.56287171]

>>56286815
Me on the right

[Anonymous No.56287190]

Gold looking like it's maybe recovering after all

[Anonymous No.56287290]

I have access to very good data on commodities for you guys. I have about 8 spreadsheets i'd like to share. How can I do so?

[Anonymous No.56287347]

>>56287290
Export to CSV, put it on pastebin.

[Anonymous No.56287348]

https://www.dropbox.com/scl/fo/7szjkccnb2rzbfj06k07u/h?rlkey=qlfyya9qtlbu99fk7ai73bbio&dl=0

[Anonymous No.56287417]

>>56287290
>>56287348
Cool cost curve charts anon, sadly these don't account for capital expenditures though so the 'true' cost of production is probably higher

[Anonymous No.56287459]

will reupload in a sec. These are only cash costs on property level

[PAN MAN No.56287476]

https://www.cbc.ca/news/canada/north/vital-metal-closes-sask-plant-1.6985346

well thats a shame, costs of operating in Canada caused this project to stall and crash. Thats a massive blow to REE projects in Canada, their processing plant was planned to operate as a toll mill.

[Anonymous No.56288017]

https://ceo.ca/@goldfinger/a-cheery-consensus-cruises-for-a-20072008-redux

>The parallels between the year 2007 (the last time the yield-curve looked anywhere close to what it looks like today) and today are too numerous to recount but I will try to point out a handful:

>In 2007, equities remained resilient despite cracks beginning to form in the subprime housing and financial sectors.
>A cheery consensus began to form in 2007 that "subprime was contained" and that a soft landing for housing was on the way.
>Uranium made a blow-off topping move in 2007.
>Crude oil was on its way to over $140/barrel by June 2008, just in time to deliver the final blow to an ailing consumer.
>The junior mining sector began to roll-over in a big way during the summer of 2007, and failed to budge much to the upside even as the gold price remained buoyant throughout late 2007 and early 2008.

>To be clear, I'm not calling for a 2008 repeat. However, I am pointing out that there are some eerie parallels between the 2007/2008 period and what I am witnessing across markets and the economy today.
>Markets don't repeat exactly, but they do often rhyme. Call me crazy, but I see the risk of a major credit event and/or economic downturn far outweighing the risk of a resilient economy that remains above trend.
>I have a strong urge to fade the cheery consensus that rates are headed ever higher. Please let me know your thoughts, or better yet, tell me why I am wrong.

[Anonymous No.56288145]

>>56288017
Oil both moves markets and indicates them
gold doesn't really move markets, but it does indicate trends

uranium and jr. miners don't move markets or indicate trends. They're almost completely disconnected from the economy as a whole.

So yeah, he's tossing one of the main causes of the 08 crash in with a weak indicator and a couple completely irrelevant tickers. Oil is probably the only one that mattered then and matters now. Gold isn't consistent enough to always predict downturns, though it's worth looking at. The other stuff simply doesn't matter.

[Anonymous No.56288297]

can someone recommend an undervalued gold miner on the asx with a good p/e ratio to slurp?

[Anonymous No.56288299]

>>56288145
uranium probably just follows oil, they're both energy. Jr miners were not mentioned so I'm not sure what promted you to talk about those

How are treasury yields a weak indicator?

[Anonymous No.56288378]

>>56288297
GDX

[Anonymous No.56288423]

>>56288378
I want the wheat from the chaff

[Anonymous No.56288443]

>>56288423
I don't give a fuck. You're not going to get it.

If you're "shill me" posting then you obviously don't have a fucking clue what you're doing, therefore you're better off with an ETF. Even if you had the slightest idea what you're doing you're still probably better off with an ETF. Suck it up and you'll thank me in the long run, if not then I'm sure someone here will have a cowboy hat to sell you.

[Anonymous No.56289160]

Snowline's "Valley" must be around 12M oz and keeps getting bigger

https://ceo.ca/@accesswire/snowline-gold-further-extends-primary-mineralization

[Anonymous No.56289261]

>>56286805
Someone please explain to me as a noob: how is it that the oil price shot up and then shot back down very quickly over the last couple weeks?

[Anonymous No.56289409]

>>56289261
Because lines don't always go up, nor do the always go down. Even in trending moves there are always pullbacks. People sell at resistances and buy at supports, and in situations like recently where markets crash, people panick and take profits so they aren't lefting holding the bag, causing even bigger moves in price.

What's happening in oil is a standard intermediate decline, it's being going up since June, and even after the recent pullback it's still up massively. It touched the 93 dollar resistance and people started taking profits. Intermediate declines usually land somewhere within the 38-50% fib retracement, meaning it's likely due to find an intermediate bottom sometime soon along with the rest of the markets. This doesn't mean it will then definitely go on to surpass the recent highs.

Anyone panicking now about oil price likely bought the top because they saw so many green candles and thought that it'll never stop going up, instead of waiting for an inevitable pullback, and are now holding the bag, ready to sell to people who are anticipating the next move.

[Anonymous No.56289525]

>>56289409
Good explanation anon, thank you.

[Anonymous No.56289625]

What does Gary say?

[Anonymous No.56289708]

>>56289160
Lassonde curve.

[Anonymous No.56289886]

>>56289708
kek

[Anonymous No.56290490]

>>56289625
For the first few days he kept saying GOLD IS SNIFFING THE BOTTOM ALREADY, then after like 4 days of saying that he stopped. Last thing he said was we aren't going to 1600 and that's stupid. He also isn't going to be active until Monday according to him.

[Anonymous No.56290634]

>>56290490
Yeah gold keeps looking scarier by the day. It might stage a big recovery but that is seeming less and less likely.

[Anonymous No.56290723]

You now remember the silver jew. Lol.

[Anonymous No.56290764]

https://news.yahoo.com/former-coal-worker-uses-drones-190000346.html

[Anonymous No.56291233]

Man, Trading View really are fucking jews. First they lower the amount of tickers you can watch without paying to fucking 30, then they reduce the indicators you can have to fucking 2.

Anyone use any good alternative sites? Preferrably one with a darkmode.

[Anonymous No.56291671]

>>56288423
Sounds like you want another gay horse silver. When will the fagz learn?

[Anonymous No.56291688]

>>56291233
I want one too.

[Anonymous No.56291892]

>>56291233
Yahoo doesn't have dark mode but everything else is unlimited but you already know that I m just dropping it for the lurkers

[Anonymous No.56291960]

>Bloodbath phase
GAAAAAAAARRRRRRYYYYYYYYYYYY

[Anonymous No.56291971]

Hopefully the coming assays live up to expectations

[Anonymous No.56292016]

>>56291971
>coming assays

[Anonymous No.56292142]

>Thursday hopium

[PAN MAN No.56292192]

>>56291971
>>56292016
that core from the supposed feeder section looks really tasty!

[Anonymous No.56292931]

>>56287476
https://www.youtube.com/watch?v=GZGaEy755-I

The history of Bre-X was fucking amazing, very entertaining to hear

>>56292142
he better be right i'm tired

[Anonymous No.56292979]

https://twitter.com/RadarHits/status/1709958757172523239
>Metro Bank shares plunge 27% just today.
>Down -62% in the last month as it tries urgently to raise £600m.

[Anonymous No.56292990]

is it true that the price of gold/silver is artificially being kept down through derivatives?

[Anonymous No.56293019]

>>56292990
there is extensive short term speculation with those and you could argue there is day to day manipulation, but no amount of futures market shenanigans can truly affect price discovery

[PAN MAN No.56293031]

>>56292931
there are some wild stories about Brex out there, loads of big names in the industry were involved at one point or another. One of my ex bosses worked for Freeport during the beginning phase of the "discovery". He was head of underground OPs at Grasberg, loads of bits of hearsay filtered his way back then.

Hes pretty sure that rumors about Michael de Guzman buying placer gold were showing up on site back then, as loads of local Irianese were working there and had family as placer miners.

[Anonymous No.56293141]

>>56292990
The price of everything is being kept down through derivatives and subsidies. Historically most of the posters here would've starved to death. Now they can afford all sorts of stuff their ancestors never would've earned in 10 lifetimes of work. That's the power of derivatives and taxes/subsidies.

[Anonymous No.56293210]

where the hell is /pmg/

[Anonymous No.56293481]

>>56291892
I remember you mentioning that one a while back but actually forgot the name, cheers. Might have to just use it during the day lol

[Anonymous No.56293627]

Thoughts on Palladium?

[Anonymous No.56293671]

>>56293627
held back by decreasing auto sales

[Anonymous No.56293738]

NDM/NAK

November 27th is the upcoming revision of a revision on a revision that was revised over the course of a decade which is to be revised on the 27th of November.

State of Alaska has also stepped up to tell the EPA to fuck off. Developing slowly.

[Anonymous No.56293799]

>>56293738
straight up not touching this shit with a ten foot pole until all regulatory bodies are aligned in support of the development of Pebble. Simply not worth the stress and the uncertain odds.

How's your SBSW position doing? Still holding happily?

[Anonymous No.56293822]

GDX closing strong as fuck with what looks like a swing-low. Bottom might just be in, lads.

[PAN MAN No.56293864]

>>56293738
is there still a legal battle against the Pebble project? Its an incredible resource, but the enviros really dont want to happen.

[Anonymous No.56293878]

>>56293822
let's see. Important days for precious metals, but also the markets in general. Copper and Russell 2000 holding at support. Oil retracing to $80?

[Anonymous No.56294049]

>>56293878
>Oil retracing to $80?
I think so too. Or not far above it. I drew the fib wrong in the pic I posted earlier but the 50% retracement is $79.30 so unlikely to go below that

[Anonymous No.56294315]

Who is the guy in the last thread interested in pure play coal mining companies to invest in?

This is a topic we should have a conversation on.

[Anonymous No.56294563]

Goldcucks on suicide watch

[Anonymous No.56294603]

>>56294563

[Anonymous No.56294661]

>>56293019
>He doesn't know about nickel
Lol. Lmao

[Anonymous No.56294752]

>>56294315
AMR for scale & stable exposure to the underlying, they are slurping their own stock every chance they get
HCC for growth & good margins, hard to find growth in good names in coal

met coal sector breakeven should be about $200/t

[Anonymous No.56294772]

>>56294661
>some billionaire gets margin called trading nickle
>stop the count, no more trading today - coomex
>akshually we changed our mind, today's trades never happened - coomex
>here's your $10B back sir
Nope, no manipulation in these markets

[Anonymous No.56294834]

>>56294772
that was LME not COMEX

also kekking @ LME, recently some of their nickel was actually bags of rocks these guys are just incredible. And JP Morgan is the lucky owner of said rocks now. You guys would probably call that a stroke of karma
https://www.reuters.com/markets/commodities/return-london-metal-exchanges-nickel-curse-2023-03-21/
https://economictimes.indiatimes.com/markets/commodities/news/jpmorgan-owned-the-lme-nickel-that-was-actually-bags-of-stones/articleshow/98855375.cms?from=mdr

[Anonymous No.56294836]

I dipped my nuts hard into HL jan 25 calls today, and bought shares of JNUG. Within a few months this will prove to be free money

[Anonymous No.56294843]

>>56294772
>Rotherdam warehouse sends some nickel out to fill an order for LME.
>Oops. Just a bag of rocks

[Anonymous No.56294853]

Ffs. Thought this year was the year of stacking and move on to new things next year. The grind continues. Is the stacking forever?

[Anonymous No.56294869]

>>56294853
keep a close eye on gold, see where it goes from here. If it breaks down enjoy stacking some more. If it goes up that'll be swell

[Anonymous No.56295543]

>>56294869
9 consecutive red days, my bet is it's green Friday

[Anonymous No.56295934]

if only we had listened to Louis and Billy Ray

[Anonymous No.56296012]

I think the natural diamond industry is finally almost dead
>de beers has cut rough prices on the most popular stone types by half
>manufactured diamonds are exploding in popularity
>less people are buying diamonds to begin with
>every prospecting mission recently has been a dud
>public opinion is now that diamonds are retarded

De Beers can finally rest in piss

[Anonymous No.56296130]

>>56296012
but RocketRed said he had a great diamond that would 100x

[Anonymous No.56296136]

>>56294869
up, up and away, soon

[Anonymous No.56296142]

>>56296130
Kek is he still around on CEO?

[Anonymous No.56296307]

>>56293799
The EPA 404'd it
Alaska went to Supreme court to veto that motion.

I've put a $1,400 stack on it 2 years ago at 0.45 its just kinda sits at 0.30-0.45 all the time.

>>56293864
Legacy battle? The decision on the 27th will be separate from Alaskas appeal to the Supreme court about EPA over reach. Not sure what you're referring too. Long muddled articles everywhere.

[PAN MAN No.56296662]

>>56296012
people are just not interested in Diamonds anymore, there are so many better options for gems on the market, at reasonable prices. The gem market other then diamonds has been booming.

[PAN MAN No.56296671]

>>56296307
i havent had time to keep track, but there was a separate legal battle between Serra Club and the project over salmon habitat loss. I ll see if i can find out what happened to that case.

[Anonymous No.56296739]

Guess my PAAS position takes a hit Friday, maybe they'll restart soon. I can see it now, down 8% Friday, announcement restarting news release up 1%

[Anonymous No.56296761]

>>56296739
No winning allowed yet huh
Tired of coping by averaging down

[Anonymous No.56296809]

>>56293738
He's not the Sibanye anon, I am. Slowly investing more sidelined cash. Been slurping a lot of Golden Ocean & Diana Shipping too, I really like BDI now. Slurped my fill worth of uranium miners, going to let them just ride. Slurping more Sibanye in another account but only have 30-50 shares there. Going to slurp more NAK when we retest below $0.25 again.

[Anonymous No.56296840]

>>56296761
I'm tired bro, I just want $28 silver so I can sell around 75% of my miners

[Anonymous No.56298250]

>>56296739
All miners are jokes. Take the ETF pill

[Anonymous No.56298542]

This just in: Exxon is reportedly buying Pioneer for $60B, according to leaks.

[Anonymous No.56298958]

https://www.sprottmoney.com/blog/everything-is-being-stretched-to-limit?

[Anonymous No.56299493]

https://ceo.ca/@newsfile/founders-metals-drills-4579-m-of-406-gt-gold-at
>Founders Metals Drills 45.79 m of 4.06 g/t Gold at Antino Gold Project, Extending High-Grade Gold Zone by Over 80 Metres
>Already 150% up
First 3 bagger in 2023 soon.

[Anonymous No.56299809]

here we go again

[Anonymous No.56300297]

>>56299809
>GDX already recovered
>Silver joining GDX in forming a swing
Bottom is in
>>56299493
Congrats dude. I wonder if anyone else got in when you first brought them up

[Anonymous No.56300420]

>>56296671
Ty for info, seems like a group of environmentalists took action against the EPA. Which is odd because the state is also in a Supreme court suit to veto EPA decision.

EPA getting hit from all sides lmao. Not sure if the Clubs lawsuit has finalized or ongoing. Most articles are about it beginning in 2014 and it carrying on through administrations.

https://defenders.org/newsroom/groups-sue-epa-paving-way-hazardous-industrial-mine

[Anonymous No.56300990]

it gives me hope nobody believed the fake jobs reports today

[Anonymous No.56301091]

>>56299493
Nice hit

[Anonymous No.56301114]

Slurped some Vul when it dumped, am I gonna make it to Japan some day?

[Anonymous No.56301172]

>>56300990
Anyone not buying is making a mistake in my humble opinion.

[Anonymous No.56301356]

>>56301172
I'll wait for confirmation. If it doesn't break down I'll probably miss out on some profit but I'm more concerned about risk in this market environment

[Anonymous No.56301372]

>>56301356
Fair enough as long as you're careful to not miss the big move.

[Anonymous No.56301425]

>>56301372
I will not FOMO and the road to $4000 is long.

[Anonymous No.56301447]

>>56301172
Saving this for future use.

[Anonymous No.56301997]

>>56301447
Uh oh let's see it. Peter has been wrong for 15 years straight.

[Anonymous No.56302544]

>>56301997
He's a multi millionaire
His father was a patriot of the highest order who died in prison writing books about the current fiat regime
And you are nobody....

You'll die broke and alone, just like you lived

[Anonymous No.56302690]

>>56301997
>winning

[Anonymous No.56303169]

nattybros ww@?

[Anonymous No.56303380]

>PETER SAYS

[Anonymous No.56303584]

The prophecy is coming true
>Gary says Bloodbath into screaming higher
>$5000 gold

[Anonymous No.56303679]

>>56303584
looks like a breakout yeah. Next stop $1,875 I think

[Anonymous No.56303771]

2020 pmg favorite Fortuna just had a big Q3

https://www.northernminer.com/news/seguela-drives-fortuna-to-record-gold-production-in-q3/1003859323/

[Anonymous No.56304235]

>>56289261
>how is it that the oil price shot up and then shot back down
the market is rigged, played by producers, hedge funds, government intervention...and more. "experts" can give you thousands of explanations but its literally a war waged by governments, producers, hedge funds. sometimes they agree, sometimes they fight. Russia can press release a statement they are cutting production by 1,000,000 and actually increase production, how would you know? You think Russia, or SA, any producer, is going to tell you the real numbers? I used to have first hand info on oil and gas production from some operators and they always lied about production numbers. Same for any major market like precious metals, pork, wheat, "rare earths." The main stream media is the worst place for news

[Anonymous No.56304293]

Read the following and then contemplate about all of the poor souls who don't have uranium miners in their portfolio and how fortunate you are that you do.

https://twitter.com/QuixoticQuant/status/1710170523383267690

[Anonymous No.56304309]

>>56299493
pretty nice hit, how many shares did you get anon? fdr has a good share structure

[Anonymous No.56304536]

>>56304293
>Canada
Ah, so they will never get built then.
We would rather freeze in the dark than actually advance projects, no thanks.

[Anonymous No.56304599]

>>56304536
I'd say Canada is much more permissive of mining than their Southern neighbor. USA has two major copper developments in limbo, and their entire nuclear energy sector has also similarly been in stasis for decades.

[Anonymous No.56304794]

>>56298958
>David Brady

Disregarded.

[Anonymous No.56304808]

>>56302690
Imagine being 70 l, livong in puerto rico and getting to fuck a piece like that. Nice.

[Anonymous No.56304824]

>>56304808
And being wealthy.

[Anonymous No.56304835]

>>56304293
Now if only SMR would go up.

[Anonymous No.56304900]

>>56304835
Look at the big fat green candle.

[Anonymous No.56305096]

>>56304835
SMRs are really interesting and I hope they become a thriving technology but I don't have the understanding or the cajones to invest in them.

btw that you Red? I hope you're long o&g right now, I think next week will be fortuitous to energy and gold

[Anonymous No.56305263]

>>56305096
Yeah and I am. Still invested but focusing on the mushroom farm.

[Anonymous No.56305277]

>>56305263
WOW you're going all out! I did some small scale shroom farming with my much more knowledgeable friend too, but you have like an entire studio apartment sized laboratory environment! That venture is going to pay you well I think, provided you find your market. I'm assuming you're farming magic shrooms

[Anonymous No.56305868]

>>56304808
>>56304824
>what Mike gets

[Anonymous No.56305881]

>>56301114
>>56304808
>what we'll get

[Anonymous No.56305911]

>>56305868
>filename
kek

[Anonymous No.56306030]

NILI getting dumped

[Anonymous No.56306126]

>>56305277
This is only the intermediate step. Next month I'm moving to an 1100 sqft space for commercial production.

[Anonymous No.56306141]

>>56305881
>what I've got.

[Anonymous No.56306349]

>>56306141
not bad...

[Anonymous No.56306808]

>>56306141
>tattooed
disgusting. i would rather be single

[PAN MAN No.56307633]

>>56300420
I tried finding the exact case that Sierra Club was involved with but its hard, they seem to be involved in a number of ways through multiple cases / entities. Thats typical for enviros though.

[Anonymous No.56307640]

>>56306141