/CMMG/ Commodities, Mining, and Macro General

[Anonymous No.57723353]

Biden Letter Edition

A couple months ago, I emailed the White House about what they're doing to protect coal miners' jobs and arguing that the United States should be exporting great quantities of coal as a way to make other nations, particularly Asia, dependent upon us for a vital portion of their energy needs. This, I said, would be geopolitically wise for the U.S.

A few days ago I received this email back from The White House. Read it and weep.

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

>Mining for Noobs (MUST READ)
https://pastebin.com/5uWth6eG
>Ore Deposits 101 Series (MUST WATCH)
https://youtu.be/e1voF9XxBPQ?si=1O4QKVGRizNhFuPc
>How to Value Mining Stocks
https://youtu.be/qk6Z3WINuSQ?si=RGcOWBIFCvl0WBXG

ETFs
>General Commodities
GUNR
>Metals and mining:
GDX, GDXJ, SIL, SILJ, COPX, REMX, PICK
>Oil and gas:
XOP, OIH, PSCE
>Uranium:
URA, URNM, URNJ

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
>Mining Specific
Kitco Mining, Crescat Capital, Mining Stocks Education, Crux Investor, Metals Investor Forum, Resource Talks, Vancouver Resource Investment Conference, Rule Investment Media, Hedgeless Horseman
>Market Commentary
Peter Schiff, Liberty and Finance, Finding Value Finance, Commodity Culture, Palisade Gold Radio, Sprott Money, Rob Kientz, Mike Maloney, Macro Voices, Decouple Podcast, Saxo Market Call
>Twitter Pages for Mining News
JrMiningNetwork, JuniorMiningHub, KitcoMining, MinerDeck, MiningVisuals, Mining

>What is Austrian economics?
https://mises.org/what-austrian-economics
>Austrian economics books
What has government done to our money? (Rothbard)
Previous: >>57674390

[Anonymous No.57723369]

I had to remove the part on Austrian economics to fit my introduction all within 2000 characters.
Here is that portion:

>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), Profit & Loss (Mises)

[Anonymous No.57723581]

Biden's White House is just tone deaf to reply to a coal miner with those talking points in 2024 when the "Green New Deal" is already faltering.

[Anonymous No.57723694]

Base Resources taking a fat shit today with h2 earnings

[Anonymous No.57723727]

>>57723353
So invest in silver, then. You know what are a complete scam? Solar panels and EVs. You know what they need a lot of? Silver.

[Anonymous No.57723762]

That nigga is not reading or writing any fuckin letters

[Anonymous No.57723788]

>>57723762
Yeah, it's just probably form letter pablum written by some aide.

[PAN MAN No.57724394]

this is how far the Canadian Mining sector has fallen...
Begging the feds to force national pension funds to buy into mining.

https://www.mining.com/feds-must-force-pensions-to-fund-canadian-mining-lassonde-giustra-say/

[Anonymous No.57725140]

[Anonymous No.57725720]

>>57723353
t-thanks Joe

[Anonymous No.57725732]

>>57723694
expect more dumpening, their only operational mine is ramping down until it closes and goes into rehab by end of year. As for their other mineral sands project, last time they tried to develop it the locals thrashed and burned down the project site

[Anonymous No.57725762]

>>57725732
>locals burned down the project site
Lmao really
People really suck at colonialism these days

[Anonymous No.57725805]

>>57723353
Brother geopolitics is theatre for the masses.

[Anonymous No.57725812]

>>57724394
This is criminal. Pension fund should not be invested in speculative mining stocks. Fucking commies man.

[Anonymous No.57726003]

>>57724394
If it can potentially fuel “Trudeau in trouble with miners” headlines I’m all for it. This is how SNC Lavalin all began. They were a big part of Quebecs pension

[Anonymous No.57726014]

>>57723353
Very cool, but it seems like a generic boilerplate response they give to anyone who emails them about energy, nowhere does it specifically mention coal. Pretty cool nonetheless, something to show the kids.

[Anonymous No.57726317]

Hey faggots, apparently a Rothschild died.
Had a few profitable forex trades up and now theyve all moved to JPY pairs. This might be a good top signal, bought some VIX just in case

[Anonymous No.57726396]

>>57725762
https://news.mongabay.com/2019/11/madagascar-suspends-activities-at-controversial-base-toliara-mine/
>This week the Malagasy government indefinitely suspended activities of the Base Toliara mine project, the third-largest mining project in Madagascar. It cited friction between the project and local communities and a “lack of clarity” about its potential benefits for the government and the country as the reason for its decision.

>The decision was taken during a council of ministers meeting on Wednesday and a press release from the government described incidences of violence and conflict with host communities as a key reason for the suspension.

>The government issued the company a mining license in 2012 and an environmental permit in 2015. Base Resources had planned to commence construction activities this year and production by the second half of 2021.

>Discontent among local communities has been brewing over the years but it came to a head this April when a band of forty people allegedly burned and vandalized the mine’s exploration campsite. Nine of them were arrested in May and charged with arson, destruction of property and forming a mob. They were convicted only on the count of unarmed gathering without permission but released in June after their six-month sentences were suspended.

>In an emailed response to Mongabay, James Fuller, a Base Resources spokesperson, downplayed the importance of these events and suggested that the company considered the issues driving the opposition to be resolved. “While there were some early community protests, these have dissipated with an extensive communication program better explaining the project and the opportunity it represents,” Fuller said. “The few more recent localised events have represented illegal actions by a small minority that were dealt with by the Malagasy legal system.”
TL;DR literal 40-man mob came and fucked up the project site and set office spaces on fire, government backed off

[Anonymous No.57727342]

Lads, I just sold part of my physical gold ETF and bought more of the gold miner ETF. I do this when the ratio on a 1 & 3 year lookback reaches tenth percentile extremes. I don't look at moving averages or chart patterns of any of that shit, just the ratio.

When the miners get a bit exuberant vs gold, could be a couple of years time who knows, I'll rebalance from them back into physical gold. If I was any good at Excel I could backtest this strategy, it probably does quite well.

[Anonymous No.57727461]

>>57727342
>gold miner ETF.
Can't you stockpick you can probably do even better and sometimes gold mining ETFs go up less than the gold price.

[Anonymous No.57728080]

Oh, noes, Brunswick broes!
Are you ok?
W-were still going to a billion dollars, r-right? Barry Fitzgerald said so.

[Anonymous No.57728237]

Who was the nigger chartmagician who told me the AMR chart is a sell?

[Anonymous No.57728331]

>>57728080
you should really be taunting pump-n-dumper GV on X and speed the BRW run to zero

[Anonymous No.57728366]

Why is the DXY rolling over? Did the euro bottom or something?

[Anonymous No.57728377]

>>57727342
>. If I was any good at Excel I could backtest this strategy, it probably does quite well.
Im doing my own thing in C# so I can automate inputs on indicators and quant shit

[Anonymous No.57728440]

>>57728331
I don't do x or twitter or whatever it's called now, but feel free to use my screen caps.

[Anonymous No.57728488]

I wonder if Platinum is going to fall into the 700s, I have a feeling it will.
I'll have to buy some when it does.

[Anonymous No.57728719]

>>57728488
It's possible both Platinum & Palladium reach ~700.

[Anonymous No.57729218]

>>57728377
>>. If I was any good at Excel I could backtest this strategy, it probably does quite well.
>Im doing my own thing in C# so I can automate inputs on indicators and quant shit
You can use visual studio (free) to write an Excel plugin in C# (or VB) so Excel will do what you want. But, if you can already program in C# then you can write VBA inside Excel for the functionality you want.

In Excel there is also the 'power model' and you can use M, DAX, 'power query', 'power pivot' and VBA is you think you need to combine.

[Anonymous No.57729449]

How is this sustainable?

[Anonymous No.57729470]

My portfolio after 3 years in the mining industry.

[Anonymous No.57729497]

>>57729470
Two more weeks brother. Trust the plan. Endure the pain.

[Anonymous No.57729589]

>>57729449
money printers

[Anonymous No.57730237]

>>57729218
Well actually I can't. I'm on Windows 7 and using Visual Studio C# 2010 Express Edition. That doesn't have Nuget or other modern functionality, is limited to C#4.5, and I use open office instead of excel. I do not want to pay for an office subscription, and I cannot upgrade my VS version without also upgrading Windows.
Free options exist, but I'd have to reinstall my OS to dualboot Linux and learn all that shit too, so at this point I'm just focusing on what I know

[Anonymous No.57730487]

>>57723727
>So invest in silver, then. You know what are a complete scam? Solar panels and EVs. You know what they need a lot of? Silver.
The Green New Deal, so called, is already faltering. Silver is a good investment if you already have enough liquid cash, but perhaps not because of the supposed new wave of solar and EVs. That's already falling apart.
But definitely, silver is real money, gold too.

[Anonymous No.57730941]

>>57728719

It does seem so.
If PMs keep on falling, companies like Sibanye are going to be an absolute no brainer to pile into under $4. Even now it's an incredibly good deal.
I really like how these bigger companies are getting so fucked, that they will be doing at least 5-10x from the bottoms when things eventually turn around and get going.
No need to pile on unreasonable risk with the smallest players for great multipliers.

[Anonymous No.57731024]

>>57730941
Careful about Sibanye. South Africa has elections this year and they're extremely discontent with the absolute state of the country. Failing infrastructure also makes mines operating there more expensive to operate.

[Anonymous No.57731145]

>>57731024

Oh sure there's always risks in that massive shitpit of a continent, but really we can say that about a good chunk of the less civilized world.
Every thirdie nation seems to have some damn issue going on with either infrastructure failing or the government being borderline dangerous to investments.
But if things don't flat out break down, I believe that just based on the size and price history of these bigger guys, they'll be attracting enough eyes with the commodity price increases alone, to radically move the prices from the bottoms when things eventually turn around.
That's the good thing about a very limited sector.
There's not too many places for the money to even go. It simply has to get into very few bigger players even if they're in a bit of a sketchy jurisdiction.

[Anonymous No.57731155]

>>57731024
Yeah I don't touch anything in Africa. From The Economist on South Africa's upcoming election: "72% say they would ditch democracy for an unelected leader if he could deliver jobs and combat crime." I just can't wrap my head around having any faith in people that retarded.

[Anonymous No.57731196]

>>57730941
There is no need to take the extra risk for SBSW as of now, South Africa is practically uninvestable at this point. Look at the Australian and Canadian PGM projects which can be just as cheap without the jurisdictional risks.

[Anonymous No.57731287]

>>57731155
>I just can't wrap my head around having any faith in people that retarded.
>>>>>>>democracy

[Anonymous No.57731535]

why the fuck are my uranium miners crashing?

[Anonymous No.57731573]

>>57731535
Because you bought the top.

[PAN MAN No.57731589]

>>57731155
its incredible watching how fast South Africa has caved in on its self. The populations desperate for stability, the economy is in the toilet, the government is utterly corrupt.

[Anonymous No.57731691]

>>57731589
The only way for Africa to function is for their population to completely get replaced either externally or by a sub group of the smart ones taking over. An African dictator with an IQ of 120 would be a better than a democracy. People their literally think that food comes from grocery stores and have no concept of abstract concepts or second or third order consequences for their actions.

[Anonymous No.57731715]

Bitcoin bros I kneel.

[Anonymous No.57731754]

>>57731691
>dictator with an IQ of 120 would be a better than a democracy.
That goes for any country at this point best if there is no government in the west, but that's not going to happen any time soon

[Anonymous No.57731938]

>>57731589
South Africans were better off under Apartheid. Primitive peoples need civilized people to rule them. It's paternalistic and necessary.

[Anonymous No.57731959]

>>57731535
you bought his shares

[Anonymous No.57731973]

>>57731691
>dictator with an IQ of 120 would be a better than a democracy. People their literally think that food comes from grocery stores and have no concept of abstract concepts or second or third order consequences for their actions.
But enough about the West.

[Anonymous No.57732521]

>/CMMG/ Can't Make Money General

[Anonymous No.57732984]

>>57732521
Hey, don't make fun of us.

[Anonymous No.57733360]

>>57730487
We've already reached "peak" silver, fewer mines are discovered or opened and the density and quality of the ore is getting shittier. South America is probably still one of the bigger jurisdictions, Russia and China won't want to share, and silver is typically consumed heavily by industry and not recycled. I want to stack it more over the next 10-20 years

[Anonymous No.57733415]

HRC1 had no update today, I'm dying to see if steel prices will fall some more. Scrap is at 420, almost down to support. Very exciting.

>>57731589
Power blackouts, unemployment, off the charts crime. Now they have the "Economic Freedom Fighters" populist group, Julius Malema. ANC will probably keep rolling, if I was to put five bucks on it, but it's fucking scary over there. I have no idea why the brits vacation there, let alone would I invest anything in it. I lived in London for a few months this summer and they were big on South Africa, seems crazy to me when you could just fly to Florida. I think they liked that the time zone was the same, not worth it imo.

[Anonymous No.57733654]

>>57733360
For sure! Silver is wonderful. I just love how it feels in the hand and like to stare at fine silver rounds, coins, and bars. I have a tidy stack of it and am adding more. I keep a few hundred thousand in cash for liquidity, but I'm putting like 800k in precious metals, about 500k into gold and 300k into silver (since that much silver is hard to store at these insanely low prices).
Every dog has its day, and silver's day is coming.

[Anonymous No.57733657]

>>57723353
You've already seen this airdrop? https://bitly.pw/yuiZT

[Anonymous No.57733673]

>>57733415
Steel fren, I really, really admire your dedication and passion for steel. It's great to see. I am sure you'll go far.

[Anonymous No.57733948]

>>57733673
Thank you. I sure hope so, have had a rough year with personal stuff. Commodities is a tough sector, lots of people lose their ass in it, but, I donno maybe I'll find my niche. I hope you have a great year also!

[Anonymous No.57734217]

>>57733948
Thanks very much!

[Anonymous No.57734239]

man, wtf is up with newmont? just when i think it can't go any lower, it does

[Anonymous No.57734908]

[Anonymous No.57734980]

>>57724394
Considering how they have a fiduciary duty, they should not at all be forced to do this.

[Anonymous No.57735027]

>>57734980
Exactly, Canadian pension funds are unironically great. Leave them alone and let the wealthy mine owners figure it out instead of crying for gibs.

[Anonymous No.57735362]

The value of the msci world metals and mining index, which tracks share prices in the industry, has risen by about 10% in the past decade, compared with a doubling in the world’s stockmarkets as a whole. Returns on new projects in the industry are currently around 7%. That is hard to sell to investors when the yield on American investment-grade corporate bonds and t-bills are above 5%. This is what is holding the market down when it comes to investing in metals and mining. This could certainly change, but I do wonder if the focus of this general would be better suited to working on our trading in and out of the markets rather than just investing long term in them. The real money to be made in commodities isn't in holding them long term, but rather trading them.

[PAN MAN No.57735389]

>>57734980
it blows my mind someone would suggest forcing pension funds to prop up our fucked up mining sector. Its not entirely the sectors fault for sure, loads of short selling and devaluing bullshit going on in the background, but you cant suggest making funds buy canadian companies even if their in the toilet.

[Anonymous No.57735530]

>>57735389
What reforms would you like to see to get a healthy mining sector in Canada?

[Anonymous No.57735532]

>>57735362
The only people holding long term are the ones who refuse to take a loss. Holding thousands in shit like silver or O&G just waiting for it to creep back up would keep me awake at night.

[Anonymous No.57735580]

>>57734239
We’ve been saying that about the entire mining sector this past year lol

[Anonymous No.57735733]

>>57735532
Yeah...I feel like we sometimes fall in love with stuff (gold, silver, whatever) and that's a mistake. I mean I'm a steel autist and while I do believe steel will increase in value over time ON AVERAGE, I don't think it will out perform the S&P500 in terms of "buy and hold". I just think the regular volatility in it will give me opportunity to trade it. I may be naive, but, it would be great if we changed the focus of this thread toward trading. If everyone picks their autism focus, we could have /cmmg/ trading across all kinds of markets and sharing knowledge. I group of "analyists".

[Anonymous No.57735921]

bros it feels so bad that btc is going up and yet my miners are stagnating

[Anonymous No.57736087]

The best way to make money in this sector is by selling.
Natty, pmet, iau, brw, etc.

[PAN MAN No.57736175]

>>57735530
for starters tighter regulation on the current heavy influence of short sellers and "fud" we see attacking the junior spaces. Plenty of fantastic projects have been demolished by predatory short selling that has no real basis in acting other than watching the stocks dive down.

Another different change would be a federal assistance program brought in, to help smaller companies prove up the potential of their properties. Up until the 1980s, the federal government would help fund all sorts of exploration programs, including costs associated with field work, helicopter time, an allotted amount of free assays etc. It was fantastic, and made the country billions in helping find some incredible discoveries. Chuck Fipke and co in the 1970s wouldnt have been able to find Canada's first diamond discovery without that federal help.

[Anonymous No.57736397]

>>57734239
Too big for its own good. Needs to downsize and optimize. Expect more dumpning

[Anonymous No.57736558]

>>57736175
Why did Canada do away with that program to help juniors back in the 80s? Was it part of cozying up to big business?

[PAN MAN No.57736667]

>>57736558
i was never sure why they stopped it, but i think it had something to do with the death of "arctic expansion" in the 80s, where the Canadian gov just gave up on dozens of mining and other industrial communities across the far north. The Federal government wanted to have serious permanent settlement of the arctic to cement our sovereignty there, but in the late 80s, after Trudeau number 1 was ousted, and Brian Mulroney took over, that all died.
I ll see if i can find the actual name for the federal program, but the BC Exploration Act (the provincial program) was a gods send for many a small scale exploration company up until the 1990s.

[Anonymous No.57737071]

>>57731715
Alright Can't Make Money General, I give up. I'm buying the top.

[Anonymous No.57737175]

>>57736667
Hope we get some global warming so that Arctic settlement can commence. Might be good at keeping the non-whites out.

[Anonymous No.57737182]

>>57736667
I never did get any replies about the state of the old anthracite works in northeastern Pennsylvania.

[PAN MAN No.57737380]

>>57737182
i can go on a research run tomorrow if you want, but thats a bit outside my regional scope.

[Anonymous No.57737419]

>>57737380
If you feel up to it, please do. I can't find any info from my contacts in that area. But they're surface miners.

[Anonymous No.57737539]

>>57737071
I'm doing this except not for bitcoin, I'm buying met coal producers at the top.

[Anonymous No.57738806]

bump

[Anonymous No.57739245]

>>57737539
I bought some BTU to set and forget last week.

[Anonymous No.57739342]

>>57739245
for me it's HCC and AMR

[Anonymous No.57739853]

>>57739342
metcoal should be comfy, see >>57734908

[Anonymous No.57740217]

>>57739853
>implying we're going to "decarbonise the economy"
I just like coal man

[Anonymous No.57740240]

Sovereign Metals breaking out during today's (yesterday's?) Australian session. This is nice to see.

[Anonymous No.57740343]

>>57740240
Nice pop there.

[Anonymous No.57740521]

>>57740217
So do I

[Anonymous No.57740757]

>>57727461
>Can't you stockpick you can probably do even better and sometimes gold mining ETFs go up less than the gold price.

I don't have the time or expertise to get that granular. GDX is already highly differentiated from every other sector or index. GDX is simply the average opinion of every expert analysing the senior miners, it's a 50-50 coin flip as to whether I could beat GDX.

[Anonymous No.57740941]

>>57740757
Ok, nothing wrong with buying GDX in that case.

[Anonymous No.57740997]

New to this but what energy Tickers are worth a long hold when Gas prices reach ATH and anything electric reigns king

[Anonymous No.57741028]

>>57740997
by gas do you mean gasoline or natgas? Anyways XOM and ARX

[Anonymous No.57741119]

>>57741028
Gasoline

Not too familiar with Natgas

Will Uranium demand increase? Will we see a revival of NucEnergy?

[Anonymous No.57741166]

>>57741119
all energy demand will increase

[Anonymous No.57741197]

>>57741166
Are you saying i'm early?

[Anonymous No.57741206]

>>57741197
I'm saying all energy demand will increase. Population is growing and developing nations are urbanizing.

[Anonymous No.57741367]

>>57741206
And you suggest that Exxon and Canadian energy will fair well during this global increase in demand?

I guess you make a point to research those two. Can't see any developing nations acquiring nuclear energy and almost all of them are hell bent on having fuel to power their electricity and vehicles.

Info checks out fine. Thansk anon

[Anonymous No.57741410]

>>57741367
The best companies with the lowest costs and large enough scale so they also enjoy lower cost of capital will do well.

[Anonymous No.57741422]

>>57741197
Two weeks early

[Anonymous No.57741501]

>>57741410
Additionally, what clean energy stocks should I look into that are currently undervalued? After reading Bidens reply in the OP I'm thinking there are some hidden gems out there waiting to break out and dominate the market.

Already see Rivian making a come back.

[Anonymous No.57741522]

>>57741501
I honestly don't know enough about alternative energy stocks to say much other than that they were hugely overpriced a year or two ago before their crash, and that most offshore wind projects are probably uneconomical with the current cost of capital

[Anonymous No.57741557]

>>57741522
The crash imo was a dip. First world nations didn't see the benefit or necessity of clean energy because the current market dominators maintained status quo of keeping prices affordable.

Now that Ukraine is about to capitulate and the Middle East (OPEC) will raise prices because of Israel, there will be a shift in affordability and the demand will go towards clean energy because it's convincing enough.

The politica and macro landscape has been orchestrated perfectly for this moment in a shift towards a new industry.

Biden continues to play his cards well.

That's my hypothesis.

[Anonymous No.57741584]

>>57741557
natgas is still cheapest

[Anonymous No.57741612]

>>57741584
valid

[Anonymous No.57741953]

Steel down 11% today! $817.
Catching up to scrap! Who will hit support first?!

[Anonymous No.57742772]

>>57737071
bro
this isn't the top for BTC
ive been all in on crypto for the past 2 years, after that 2021 dump from like 20k BTC down to 15k, now here...
crypto is gonna keep running, but they are going to discretely pump the commodities sector too, metals specifically.
They don't want anyone who gets BTC rich to be able to go buy all the silver, that would be dangerous.
Currently im pivoting, im considering throwing another 3-5% of my crypto portfolio into physical silver at this point, but idk.
Bought like 200 reichmarks on ebay this month, kek

[Anonymous No.57742801]

>>57742772
>>>/pmg/
>>>/setf/

[Anonymous No.57742802]

>>57740757
this also i buy GDX because I know it won't go to 0
some of my picks could (I don't carefully research) so i put half into large ETFs and just eat the management fee, hoping to be out of the metals equities position within a few years anyways when gold is $10k

[Anonymous No.57742824]

>>57742801
fuck off m8
yall talked crypto, i'm just saying now is not the time to go into crypto compared to commodities.
physical silver is a commodity
I stop by here to pick up a few extra mining stocks to put into my portfolio but yall negros are so far fairly useless this thread.

Give me some precious metals miners in a safe jurisdiction, already have a bunch of NFGC cause i'll dick ride eric sprott's baby no problem.

After watching his lil talk to the Newfoundland economic enrichment group i thought it was pretty bullish.

I came here because gold / silver twitter is absolutely capitulating.,

[Anonymous No.57742892]

>>57742824
ARTG, SGD, AEM

[Anonymous No.57743043]

>>57742892
thanks, noted and will search archives and more.

ARTG has done remarkably compared to the rest of the sector.
Generous enough to give me a qrd as to why?

[Anonymous No.57743067]

>>57743043
tier 1 mine coming online this year

[Anonymous No.57743111]

tfw the white house uses ChatGPT to answer mail

[Anonymous No.57743683]

I don't know how many more kicks my balls can take frens

[Anonymous No.57743728]

>>57743683
https://www.youtube.com/watch?v=j3DKl3BXgNU

[Anonymous No.57744167]

Montage Gold spiking up to retest those highs

[Anonymous No.57744241]

>>57739853
I was talking earlier with a higher up in a met coal mine in West Virginia.
A year ago, their coal was selling for $400 per ton and cost about $50 to produce. Today it's selling for $180 per ton and costs about $50 to produce.
Either way, the mine is sitting pretty and doing great. Met coal is a great way to go.

[Anonymous No.57744348]

Thoughts on Labrador Gold Corp property? Does anyone with geological knowledge think there's potential there, quite a few names hold a large portion of the shares. The property is close to Newfound Gold Crop.

[Anonymous No.57744359]

>>57744348
>potential
yeah

[Anonymous No.57744388]

>>57744359
Elaborate?

[Anonymous No.57744413]

>>57744388
as your image points out they have discovered gold in the same fault zone as NFG with the drillbit. So yeah there's potential. Is there a high likelihood of great success, idfk

[Anonymous No.57744461]

>>57744413
>as your image points out they have discovered gold in the same fault zone as NFG with the drillbit.
Kek. Yeah.

[Anonymous No.57744961]

>>57741953
Why is the volume so low on steel?

[Anonymous No.57745565]

>>57742824
Do you like cowboy hats?

[Anonymous No.57745957]

Faggot incoming to pump his garbage in 3 ... 2 ... 1 ...

[Anonymous No.57746209]

It's so tiresome. The only upside is that once you hit rock bottom you can't get any lower, right?

[PAN MAN No.57747367]

>>57745957
Has Rocketred pointed out anything to do with Trailbreaker Resources yet? He commented on a set of photos of one of their properties i recognized.

[Anonymous No.57748569]

Just to continue the point about how great metallurgical coal is, I actually like thermal coal even better, because it's energy, and energy is the fundamental resource, needed just to use any other resource. Energy is literally the foundation of the world.
Coal is the most affordable, easiest to transport, easiest to store, and easiest to use form of energy on the market, hence it's popularity worldwide in rapidly developing countries. And it's not just a stepping stone toward more advanced fuels for developing countries; it's a great fuel for developed economies too precisely due to those characteristics mentioned above, which make it cheaper and easier all around.
Everyone should be using large amounts of coal for basic energy needs, mainly electricity, which is versatile and powers most things that liquid fuels aren't needed for.

In short, thermal, steam coal is my favorite coal. It's unpopular, sort of, at the moment, but only in the benighted West. And due to its virtues, the West, I believe, will have to come to its senses again and begin using it again in great quantities. CO2, after all, greens the earth. It causes rapid forest growth, therefore rapid animal repopulation and diversification, speeding up evolution itself due to growth in biodiversity that inevitably follows growth in total biomass. Ecological niches proliferate when there is more living mass in the area, and this principle holds true on the global scale.
So lets roll that coal out of the mines and burn it, for so many good reasons from humanistic development to environmental regeneration.

[Anonymous No.57748621]

>>57748569
*hence its popularity

Sorry, I wrote that one out quickly in a moment of inspiration

[Anonymous No.57748647]

>>57748569
I like met coal more simply because thermal coal has competition. Met coal doesn't.

[Anonymous No.57748735]

>>57744348
This is like owning Azincourt if you want exposure to Nexgen, or BHS if you want exposure to BIG.. just being in the same neighbourhood as NFG will add some cred, for fraction of the price. Haven’t looked into this company specifically, one to keep an eye on, will add to watchlist.

[Anonymous No.57748814]

>>57748735
Ok so apparently it was already on my watchlist. We’ve discussed LAB prior to this on Cmmg, so that explains why.

I wouldn’t buy this slowly bleeding chart, looks like it’s been sapped on any and all momentum despite recent property acquisitions. It’s down 90% since hitting 200M mkt cap. I would wait for a nice bounce back to get in, instead of getting in now and bleeding more and never getting back even. That’s just me. I just think there’s tons of better looking companies and charts like DV, ABRA and GSVR etc.

[Anonymous No.57748816]

>>57748647
I can understand that position. I just think the competition to thermal coal is inferior. And I like energy.

[Anonymous No.57749637]

>>57747367
Pan Man
Are trying to go to dollar town?

[PAN MAN No.57749797]

>>57749637
no, was wondering more why that guy was talking about that specific discovery. Didnt fit the kind of spot hes usually interested in.
Interesting to, that the rock in pics related (thanks to Kraftco) looks identical to stuff i ve seen out by Ootsa Lake long ago. That terraine goes for hundreds of Km up and down the province.

[Anonymous No.57750122]

$35 per hour as a coal miner in West Virginia is literally like $100 per hour of better in New York City.
It's also like a good $70 per hour in the Denver Metro.
Look at these median down payments on a house in each state.
This is also a big part of the reason why coal jobs in the east are so darn important. One coal miner supports a lot of related industry but also, can support many family members or contribute a lot to the local economy.

[Anonymous No.57750144]

My juniors can’t possibly get beat down anymore.
Is there every going to be an upside?
Does gold need to hit $3k before I start seeing some upward momentum?

[Anonymous No.57750156]

>>57750122
$6,600 median down payment for a house in West Virginia. Work in a mine that starts at $24-27 and goes up to $32-36 in six months when you get your black hat, and you are an affluent man.
But beware those occasional layoffs. Don't overleverage yourself and instead play it safe.

[Anonymous No.57750277]

Anyone here invest in Global Alpha / Managed Futures -type funds or do it themselves?
>pic related is just one example, Dunn Capital.

It's the first thing I added to my investments after stocks and bonds.
If I had 10 times my money I'd do it myself. The exposure of futures contracts it too high to get a properly diversified portfolio with my current capital.

[Anonymous No.57750296]

>>57750277
I think Dunn are fucking something up. Their drawdowns since 2022 are too high. It's not the typical consistent, small losses with occasional big winners you expect from medium-to-long-term trend following.
(I'll forgive them March 2023. Most managed futures funds got caught in the bond troubles.)

[Anonymous No.57750303]

>>57750296
>>57750277
Forgot picture.

[Anonymous No.57750510]

>>57750277
that's quite a complex ETF.

[Anonymous No.57750894]

>>57750510
Yeah, there are a lot of ETFs, Mutual Funds and CTAs that fit the description of "managed futures".
>DBMF, KMLM, WTMF, CTA, FMF, TFPN
They all seem to suck.

Pic related is what I get in a backtest applying a moving average cross-over to the 75 most liquid futures contracts.
That's a Sharpe Ratio of 1.2, mean annual return of 30%.
AND this is using large penalties of double commissions and spreads and a 1-day lag on opening positions.
So, I've done the most basic strategy possible, applied to the most general selection of markets and used high friction penalties and it's blowing the existing funds out of the water.

I was hoping you guy know of an actually good managed futures fund?

[Anonymous No.57751910]

Physical U bros
Yellowcake plc or sprott physical trust?

It looks like yellowcake is trading at a much bigger discount to NAV but the way they worked it out looks like they're including lbs that they've committed to purchase.
Have they already paid for these lbs?

Yellowcakes discount is 18.6% while sprotts is 10.3%

[Anonymous No.57751948]

Frontier Lithium on a rocket ship the last two sessions after a multi-quarter doldrum. Mentioned them here a few weeks ago as a lithium pick

[Anonymous No.57751997]

>MUH GARY!!!
>MUH TATTOONIGGER IS RACIST LIKE ME HE MUST BE RIGHT!!!!!!!
>DUDEEEEE DID YOU SEE THE NEW PALISADES GOLD RADIO WITH MINING INSIDER RICK RULE? HE SAYS THIS IS THE BEGININNG OF A MASSIVE GOLD BULLRUN
>DUDE RAFI SAID ITS THE ENDGAMES AND WE ARE THE NEW ELITE

Can't Make Money General missed two crypto/equity bull runs in a row

[Anonymous No.57752081]

>>57751948
other Li stocks have also had a similar technical recovery as of late... short opportunity maybe

[Anonymous No.57752868]

>>57751997
I kneel

[Anonymous No.57752970]

>>57752868
AMR chart BTFOs everything else. Except NVDA.

[Anonymous No.57753205]

https://www.youtube.com/watch?v=azEvfD4C6ow
/cmmg/core classic blast from the past

[Anonymous No.57753518]

Some local journalist said something pro mining, and I read the comments about 85 if I remember correctly, and guess what not one person said anything positive about mining, almost everyone was demonizing mining.

[Anonymous No.57753760]

>>57753518
midwits hate extractive industries as they're programmed

[Anonymous No.57753793]

>>57753760
Yeah, I bet every single one of those people owns a car, has a house, a fridge, a computer etc... All products of the extractive industry,

[Anonymous No.57754583]

https://www.newsfilecorp.com/release/199651/

Bayhorse

[Anonymous No.57754588]

>>57752868

[Anonymous No.57754970]

This is incredible news for BHS. Numerous drill targets in addition to the Bayhorse silver mine. Market cap potential just increased from a hundred million to a billion. The new properties being in Idaho is a huge blessing. If the new drill results confirm what is believed to be probable, stock price will easily surpass .20 even with all the warrants exercised. This is objectively bullish.