/CMMG/ Commodities, Mining, and Macro General

[Anonymous No.57939609]

Coal mining in the 1830s 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
>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
>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

Previous: >>57909091

[Anonymous No.57939810]

People tend to think of the horrors of the Industrial Revolution in terms of working conditions in the late 1800s and early 1900s, which of course were very harsh, relatively speaking. But that's when the labor movement was already showing its head and the topic was getting much more popular attention. Reforms were even being made by then.

The early 1800s are when the worst horrors occurred, as depicted in that sketch above of a mother and kid pulling a heavy basket of coal out of a low mine. Many miners would get only a few days off per year for major holidays and would work 12+ hours a day. They lived their jobs. I hear many coal miners today about how tough miners were in the 1970s. Yeah, they were probably tough, but if it's a "misery contest," then miners of the late 1700s and first half of the 1800s win, especially in Britain, where the Industrial Revolution started first.

Here is a sketch from the early days of industrial-scale coal mining. Child labor in mines didn't end until a few decades into the 20th century.

[Anonymous No.57940065]

>>57939810
Increases in economic production is what ended child labor. It's also what resulted in increased wages and living standards.

Why do people think unions and government regulation is what did this?

[Anonymous No.57940112]

>>57940065
I think it's a combination of factors.

[Anonymous No.57940135]

>>57940119

[Anonymous No.57940166]

>>57940135
manipulation has always existed in all markets and always will. Every single market in the world is manipulated, but only very small or concentrated markets are controlled by a select few. Precious metals markets are multi-trillion dollar markets, nobody can control them.

[Anonymous No.57940213]

>>57940065
People are retarded. Even itt about half the posters are openly communist and this thread links to mises and rothbard. Capitalism bad.
That's all they know, blame capitalism.

[Anonymous No.57940235]

>>57940213
I didn't say anything anti-capitalist. I just pointed out some labor history.

[Anonymous No.57940331]

>>57939810
Read Hayek's "Capitalism and the Historians." It destroys the Marxist myths and concludes that people were better of financially, had more opportunities and had a higher standard of living during the industrial revolution compared to their previous lives as subsistence and tenant farmers.

[Anonymous No.57940369]

>>57940331
I'm aware of that text and this history. The Industrial Revolution is a complex topic. I said the early industrial revolution, from the latter 1700s until the mid 1800s, was worse than the later Industrial Revolution. By the late 1800s industrial laborers, particularly in Britain, were starting to get some leisure time and access to more modern goods. This is where the argument that the IR was better than the prior age of subsistence farming comes from.

And if you've followed anything I've written over many threads, you'd know I am a big proponent of Industrial Civilization and even the humanistic values of the Enlightenment that preceded industrialization.

[Anonymous No.57940406]

>>57940065
Unions and the labor movement definitely had an impact. That's where the 40 hour work week comes from. The idea that labor rights is communism is just retarded. I can't stand Marxists of any stripe and I know they were involved in the labor movement, but there was also an organic, non-Marxist labor movement that began to crop up in the mid 1800s in the United States just to protest shitty working conditions.
I'm mentioned many times sympathies with National Socialism, meaning the preservation of private and investment property but with strict rules that major industries must be run only for the good of the nation.
If Mises and the other Jews dislike that, then to hell with them.

[Anonymous No.57940416]

>>57940369
>I said the early industrial revolution, from the latter 1700s until the mid 1800s, was worse than the later Industrial Revolution.
So what? What are you attempting to demonstrate?

[Anonymous No.57940477]

>>57940416
That the Industrial Revolution is a very complex topic and to say that people's lives were better during it or before it is false unless you specify the appropriate timeframe.
The early IR was, like the early Agricultural Revolution, overall probably much worse. But by the time of the later IR, like later on in the Agricultural Revolution, life began improving markedly for most people. By the mid 20th century life was vastly improved for virtually all people in the developed countries when compared to life before the IR.
You have to specify whether you're talking about the "First" or "Second" Industrial Revolution, roughly before or after the mid 1800s, when talking about quality of life for workers and the, therefore, the majority.

[Anonymous No.57940494]

>>57940477
Basically, the Agricultural and Industrial Revolutions were giant leaps that were both, in the end, worth the suffering and trouble of those who had to endure the early phases of it.

[Anonymous No.57940529]

>>57940406
>That's where the 40 hour work week comes from.
Not really.
Working hours were already falling to around 40 hours a week by the time the government passed the 40 hour workweek law.
Also unions during this period were a very tiny percentage of the workforce.
https://mises.org/mises-daily/markets-not-unions-gave-us-leisure

>I'm mentioned many times sympathies with National Socialism
Natsocs are fucking retarded.
If you truly cared about the working class you would support free market capitalism.

[Anonymous No.57940545]

>>57940406
This is how tiny the labor movement was. They had nothing to do with increases in living conditions for workers.

[Anonymous No.57940552]

>>57940477
>the Industrial Revolution is a very complex topic
How much debt did you take to write that dissertation?
The fact is that people who lived as peasants wouldn't have gone to the mines or mills if those places didn't offer a better choice than their previous existence.

[Anonymous No.57940569]

>>57940477
>>57940552
The industrial revolution in the United States was a massive benefit for workers.
>https://en.wikipedia.org/wiki/Gilded_Age
>The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880 ($11,523 in 2022 dollars[1]) to $584 in 1890 ($18,370 in 2022 dollars[1]), a gain of 59%.[2]

[Anonymous No.57940602]

And the reason I even brought up the distinction between the early and later phases of industrialization is because in the last thread, me and the steel anon were discussing Vaclav Smil and the general trajectory of Industrial Civilization.

All I tried to do was add a little historical context. I didn't defend Marxism at all, just lamented somewhat the lives of the early industrial workers, and I get backhanded comments about hating capitalism.
People like that are as triggered and butthurt as the Cultural Marxists are and yet don't even see it.
I have better things to do with my time than waste it here. I come here because some anons add real value and discussion, like the steel guy and a few others. I might lurk some in the future when I have time but it's just better that I put my efforts elsewhere.

[Anonymous No.57940624]

Anyone have the noble ranks for silver holders or was that more of a 2022 larp

[Anonymous No.57940654]

>>57940602
Maybe don't come here applying your 21st century sensitivities and standards to the 18th century layman. A little Collingwood would serve you well.

[Anonymous No.57940665]

>>57940331
>lolberg says life gets better with more jewish usury
lol lmao

[Anonymous No.57940682]

>>57940665
Usary enforced by the government isn't the same
This is more proof that retards itt do not understand capitalism. Not even the basics

[Anonymous No.57940753]

>thermal heat with zero positive carbon
>private IP and patent but licensed to OXY
I think this might be why Buffett liked them. Perhaps he knows carbon pricing will increase?

[Anonymous No.57940804]

>>57940682
It's just the age-old disputes between international Marxists and nationalist Marxists. It only demonstrates the complete victory of Marxism when self-styled "capitalists" frame their arguments on its terms.

[Anonymous No.57940815]

>>57940665
>usury is le bad
Why would anyone let you borrow their money if they wouldn't benefit from doing so?

[Anonymous No.57940872]

>>57940804
The central bank is the Marxists plank. Not capitalist at all. Capitalism has competition between lenders, no regulations needed from the small hats and central bankers and congressmen

[Anonymous No.57940883]

>>57940815
Bingo

[Anonymous No.57941621]

A nice new thread to start the week, can't ask for more than that.

Gold up, DXY down. Very excited for whatever the steel futures market has in store for this week.

[Anonymous No.57941674]

>>57941621
Saw some prop traders/economists suggest it was due to ECB lowering their interest rates which reduced US bond demand => $DXY drops, all USD-backed assets rose in price (gold, btc, spy)

[Anonymous No.57941807]

>>57941674
I thought it was because of the Fed's Congressional meetings this week where he said we are probably at the maximum interest rate and may look to lower this year. I figured it was the pricing in of that interest rate reduction in the US. If the ECB lowers there rates faster than the US, I would think that would make the dollar actually go up. Why would the ECB talking about lowering their rates decrease the bond demand when the US rates are still steady? Anticipation of the rate cuts in the ECB?

[Anonymous No.57941906]

>>57941807
Not sure, I can't pretend to be an economist or fully understand everything. But I guess the intuition was less demand for bonds, but who fucking knows.

[Anonymous No.57942112]

>>57940166
Watch this week anon, here's TF confirming what I knew in 2020 after a few months of holding GDX and watching it happen daily. Anyone who's held GDX, and pays attention, will see all the days when gold is up but silver is down on the Comex and GDX goes down. By suppressing GDX with smashes in Comex paper silver they are able to effect sentiment in the whole sector. Why haven't gold miners launched at $2170+ gold? Because sentiment is dogshit, in part because they've kept Comex paper silver down at around 90-1.

[Anonymous No.57942259]

>>57942112
Look I'm not saying GDX doesn't correlate with silver a lot. I know it does. Silver's a rather speculative metal, much more so than gold. Maybe speculative assets like precious metals miners just tend to go up along with silver?
>Why haven't gold miners launched at $2170+ gold?
Because gold is a safe haven asset, if you had to ask me. Miners don't always follow gold prices tick for tick, and can in fact lag gold. Also don't forget that GDX consists of such outperformers and moneymakers as Newmont who were able to lose money when gold was near all time highs.

But do also consider this fact, which I think you are ignoring: gold was up 4.66% last week from monday to friday. GDX was up, wait for it... 6.62%! So despite the sentiment and the usual correlations with silver and whatnot, GDX and miners in general have followed gold's lead. Just focus on the facts.

[Anonymous No.57942327]

>>57942112
>>57942259
On the monthly as well, gold was up 7.6% while GDX was up 7.83%.

GDX's biggest position is 13.15% Newmont which has absolutely demolished its shareholders by being a fucking shit. Barrick has also not inspired with its poor return on equity, that's the second biggest holding at 7.88%. Fourth biggest position Franco Nevada at 7.13% got fucked by Panama and the share price has languished since. And despite all that sector underperformance it has still done a decent job keeping up with gold as of late. When sentiment begins to improve and those quarterly reports start rolling in I would expect miners to begin outperforming gold.

[Anonymous No.57942859]

Gold Mountain down 99% since GV issued a "strong buy" to his twitter followers

[Anonymous No.57943101]

>>57942859
glad I didn't buy this shitco. I thought they may have had a chance to succeed but tiny mines just don't work after all

[Anonymous No.57943730]

>>57942859
even worse than crypto

[Anonymous No.57943781]

>>57943730
>>57942859
>>57943101
Why not just short obvious shitcos?

[Anonymous No.57943811]

>>57943781
they're shitcos. low liquidity means they're more expensive to borrow and can potentially shoot up for no reason and wipe your shorts

[Anonymous No.57943816]

>>57939609
Get in here before we get to reddit and twitter. Easy 100x

https://dexscreener.com/solana/jaj94ye1awstrkmv1pymkrgfqsrtpnzcgf8pydrwdchq

[Anonymous No.57943987]

>>57943811
>wipe your shorts
Truly why it is the shid and piss 500
Though with correct position sizing, it might not be unreasonable to do a CFD on them

[Anonymous No.57943999]

>>57943987
>>57942859
>>57943781
Wow it's on TSXV you can't even do CFDs on that

[Anonymous No.57944203]

>>57943999
what were you expecting? TSXV is the designated shitco containment area

[Anonymous No.57945488]

boompa

remember to slurp those dips guys

[Anonymous No.57946092]

>>57945488
I was looking at industrials, like VMC, HCMLY, potash, and a few others
Also that borzoi has autism

[Anonymous No.57946127]

>>57945488
>remember to slurp those dips guys
I'm all in brother.

[Anonymous No.57946312]

>>57946092
>I was looking at industrials, like VMC, HCMLY, potash, and a few others
what did you see?
>>57946127
surely all of your paychecks go fully into miners right bro? the Jew fears the homeless hunger strike DCAchad

[Anonymous No.57946321]

>>57946312
>surely all of your paychecks go fully into miners right bro?
Not all of it. I'm mostly in energy.

[Anonymous No.57946344]

>>57946321
Smart. My portfolio is like 10% o&g. What energy stocks you got? For me it's ARX and CNQ only for now.

[Anonymous No.57946365]

>>57946344
>What energy stocks you got?
CNOOC, PXT, YGR, EC, EQNR, PKN, CRK

[Anonymous No.57946413]

>>57946365
>all those NOCs
I assume you sold PBR just last week?

[Anonymous No.57946464]

>>57946413
Not last week, but above the current share price. And I agree most NOC are dogshit, but some are well run unironically like CNOOC that has a monopoly on offshore China, others are just too cheap compared to the risks associated with NOCs.

[Anonymous No.57946541]

>>57946464
I actually like PBR operationally but as a NOC they can sometimes fuck shareholders in the ass as shown last week.
>CNOOC
nice offshore disovery recently

[Anonymous No.57946611]

>>57946541
>NOC they can sometimes fuck shareholders in the ass as shown last week.
Yeah, no doubt.
>CNOOC
They'll probably have over HK$200B in net earnings for 2023 with a mcap of HK$850B, plus they return around 40% to shareholders probably going to raise the dividend or give out a special dividend. I'm sitting on more than 10% in dividends with my buy price (without a raise in dividends).

[Anonymous No.57946677]

>>57939810
they didn't care they had god and family and culture. they were happy to sacrifice for all 3 something modern man cannot comprehend.

[Anonymous No.57948148]

BEX bros looking good

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1171-tsx-venture/bex/157312-benton-intersects-massive-sulphides-down-plunge-and-along-strike-at-great-burnt-copper-deposit.html

[Anonymous No.57949140]

Silvercrest up 15% on Q4 earnings. SILbros ww@?

[Anonymous No.57949251]

>>57949140
Endeavor silver up 9%

[Anonymous No.57949385]

Coal stocks getting killed. Happy I sold them for gold stocks

[Anonymous No.57950184]

Bob M article on NFG

http://www.321gold.com/editorials/moriarty/moriarty031124.html

[Anonymous No.57950285]

>>57949140
MAG Silver and Osisko Development also up 7%, Hecla up almost 7% and WRLG up almost 10%. Also a small ozzie gold company I have been looking at, WIA.AX was up 8% today

[Anonymous No.57950365]

>>57950184
>the safest gold stocks I know
That's just bullshit. They might be perfectly good speculative buys, but safe they ain't.

[Anonymous No.57950395]

>>57950365
Bob's an expert shill. It's his job

[Anonymous No.57950412]

>>57950365
>safest gold stocks
Sounds like an oxymoron. Whenever I hear "risk free investment" from someone I think less of them.

[Anonymous No.57950525]

>>57950365
>WRLG and NFG are the safest gold stocks I know and offer hundreds of percent returns.

>Both companies are advertisers. I have participated in private placements in both companies and bought shares in the open market. I am biased so do your own due diligence.

QH discussed his top 3 buyout targets recently and it was NFG, Snowline and I think I80. He said Snowline is the best deposit he's ever seen in his life.

[Anonymous No.57950567]

>>57940065
It’s also a product of energy density and technological efficiency. For instance, James Watt developed improvements to the steam engine in 1684 that allowed it to have less waste energy, so the energy input to output ratio increasingly favoured the latter. This allowed steam to be used in early public transport like trains, boats and early farm machinery in the mid-19th century. The improved farm output rendered slave labour largely obsolete and thus we had the great emancipation of the 1860s. I think a lot of this would have happened anyways since the enlightenment really changed attitudes towards the “freedom of man”, but now they (lawmakers) had incontrovertible economic evidence to make slavery illegal on that basis as well.

[Anonymous No.57950665]

>>57950365
It’s safe compared to Bayhorse and IRVING

[Anonymous No.57950672]

>>57950525
Snowline's only minus is it's a tad remote but yeah otherwise agreed it's cream of the crop. I remember when I used to think Snowline is like an earlier stage NFG, now I think NFG has kind of fallen off and Snowline has taken its place. Both will probably do very well though

[Anonymous No.57950694]

How do I get back to my original timeline btw? This one is weird

[Anonymous No.57950758]

>>57950694
Who published this article? Is it a mainstream source?

[Anonymous No.57950774]

>>57950758
it's Business Insider
https://www.businessinsider.com/costco-sells-silver-coins-bullion-gold-bars-royal-canadian-mint-2024-3?amp

[Anonymous No.57950891]

>>57950774
They're not selling that many bars, $100M in a quarter Isn't much imo.

[Anonymous No.57950953]

>>57950891
but they're sold out regardless, and this kind of consumer action tells me that popular demand may be coming back.

>Galanti told analysts on Thursday that Costco's e-commerce sales growth in the quarter was "led by sales of gold and very recently silver." Comparable e-commerce sales in the quarter to February 18 were up 18.4% compared to the same period the prior year.
>Galanti had previously said at Costco's earnings call in September that the 24-karat gold bars, priced at about $2,000 each, had been selling out in just a "few hours." He later revealed that customers had spent $100 million on the bars in the quarter to November 26.

[Anonymous No.57950991]

>>57950953
>popular demand may be coming back.
Haven't heard anyone talk about PMs. Most people still don't know they're a thing.

[Anonymous No.57951071]

>>57950991
That's good. Early signs.

[Anonymous No.57951212]

You guys think we are going above the 2021-2022 highs in the PM mining sector or is there going to be a recession between here and there which will stop them from reaching the highs in the short-mid term?

[Anonymous No.57951308]

>>57951212
I'm looking for a top in bitcoin and pullback in crypto in general before sentiment changes in gold miners. Could be wrong, but it's pretty clear (((they))) are pumping the fuck out of bitcoin with these etfs, while keeping miner sentiment as low as possible. after the easy gains are made the narrative can easily shift to "but central banks are buying gold". I hold both, we'll see what they end up doing but front running their manipulation isn't hard once you realize what they're doing - good luck lads stay patient

[Anonymous No.57951322]

>>57951212
maybe and maybe. I don't think about that I just buy because the price is cheap.

[Anonymous No.57951397]

>>57951322
>I don't think about that I just buy because the price is cheap.
I buy because It's cheap too, but once it starts running you have to think about these sort of "risks".

[Anonymous No.57951424]

>>57951397
you can't tell me what to do

[Anonymous No.57951523]

>>57951424
>you have should think about these sort of "risks".
Better?

[Anonymous No.57951542]

>>57951523
that's just incoherent now

[Anonymous No.57951554]

>>57951542
>you should think about these sort of "risks"
Yeah kek forgot to the delete the have there.

[Anonymous No.57951655]

>>57951554
that's better thanks fren

[Anonymous No.57951967]

>>57940529
>All socialists are fucking retarded.
ftsfy. No need to treat natsoc retards other than other socialist retards

[Anonymous No.57952052]

>>57940529
>If you truly cared about the working class you would support free market capitalism.
>>57951967
>No need to treat natsoc retards other than other socialist retards
So what's the ideology of /cmmg/ ancaps or minarchists? For me it's anarcho-capitalism.

[Anonymous No.57952071]

guys check out GBU chart, biggest fattest red candle I have ever seen. It's like it's directly from one of those Bogdanoff memes holy fuck that's like 800 million canadian dollars deleted in one single day and down -96%

[Anonymous No.57952091]

>>57952071
>GBU
What the fuck happened here? Are they going bankrupt?

[Anonymous No.57952093]

>>57952071
Wtf
Thats tough
What happened

[Anonymous No.57952138]

>>57952093
Looks like they lost in court vs the Romanian government, I guess they lost the claim on the gold mine.

[Anonymous No.57952147]

>>57952091
>>57952093
>LONDON, UK / ACCESSWIRE / March 11, 2024 / Gabriel Resources Ltd. (TSXV:GBU)("Gabriel" or the "Company") announced on March 8, 2024 that the Company's ICSID arbitration claims against the Romanian Government were dismissed by a two to one majority and the tribunal awarded Romania approximately US$10 million in legal fees and expenses. The award is binding on the parties and the amount payable incurs simple interest from the date of the award at the 3-month US Treasury rate.

>Gabriel believes the Tribunal's decision is deeply flawed and a travesty of justice. This decision blatantly ignores or intentionally misconstrues the vast body of evidence presented to demonstrate that Romania's decision to deny necessary permits was politically motivated and without any substantive or objective regulatory basis.

>The Company continues to analyze the judgment with its legal advisers to evaluate its options, including to challenge the decision through the annulment process prescribed by the ICSID Convention.

>The Company currently has available funds of approximately C$2.7 million (US$2.0 million) and would expect such balance to be exhausted in the normal course of business by May 2024. Gabriel intends to conduct an immediate review of its current and future financial obligations and the ability to source funds to settle amounts payable. The Company will announce its conclusions in due course.

>Notwithstanding this review, Gabriel will require further funding during the second quarter of 2024 in order to pursue longer-term activities (which may include, as appropriate, costs of any potential annulment proceedings) and for general working capital purposes. There is a significant risk that sufficient additional financing may not be available to the Company on acceptable terms, or at all. The failure to raise funds as and when needed would have a negative impact on the Company's financial condition and its ability to continue as a going concern.

[Anonymous No.57952243]

>>57952147
What's the catch here? Are they trying to bankrupt the company so that some local oligarchs can get the claims on the 27M oz mine?

[Anonymous No.57952273]

>>57952243
There is no catch. The company lost a legal arbitration upon which the whole business as well as the market cap was hinging on. Maybe there's corruption idfk but the bottom line is they lost the case and that's all she wrote

[Anonymous No.57952327]

>>57952273
>Maybe there's corruption idfk but the bottom line is they lost the case and that's all she wrote
Can't they resubmit the necessary documentation they were missing to try and obtain the permits again? Looks like they have to pay $10M to the Romanian government + fees, so they will have to dilute at this price. Shame, might be a good speculation for a turnaround...

[Anonymous No.57952341]

>>57952327
Maybe they can try to challenge that somehow idk. This is exactly why I avoid legal plays

[Anonymous No.57952352]

>>57952052

[Anonymous No.57952354]

https://energyandgold.com/2024/03/11/bob-moriarty-there-is-no-historical-precedent-for-todays-gold-market-miners-could-rally-500/

[Anonymous No.57952360]

>>57952341
Good to keep an eye on it considering the large resource.

[Anonymous No.57952397]

>>57952360
Yeah maybe another company picks it up for cheap or something. I don't know thr background though, if I had to guess it's one Super Dreadnought case of NIMBY and that deposit won't be mined for a looooong time

[Anonymous No.57952418]

>>57952352
Based.

[Anonymous No.57953605]

[Anonymous No.57953987]

>>57952071
Worse than a shitcoin, fucking hell lmao

[Anonymous No.57954082]

>>57952418
Use a fucking ashtray you cunt

[PAN MAN No.57955330]

https://www.mining.com/web/iron-ore-price-tumbles-on-persistently-weak-fundamentals-in-china/

Looks like irons on the down swing, i wonder if aluminum is next.

[Anonymous No.57955363]

>>57951212
We're testing summer 2020 high and that mean x5 from here

Oh baby I'm getting erect just thinking about my PF going up this much

[Anonymous No.57955456]

>>57939810
yeah this shit was brutal
12 hours a day underground breathing in dust (lead dust in many cases from galena ore) and often you would get paid only in company scrip which was spendable only within the local community so you couldn't move and the company had complete control over your life and the lives of your family

[Anonymous No.57955464]

>>57954082
Do you usually carry around an ashtray when you're walking?
>>57955363
Just found a yellow ladybug with black spots walking on my bed. I think this is a bullish signal for gold and gold equities, this is the sign I was waiting for I'm going all in. Do with this very important information whatever you will.

[Anonymous No.57955531]

They collected my gold today. I am going to be a millionaire soon with gold mining stocks.

[Anonymous No.57955542]

>>57955531
You're going to be a millionaire in two more weeks. Trust the plan.

[Anonymous No.57955660]

>>57955542
Yeah man

[Anonymous No.57955743]

Are there any oilfield services companies besides COSL that are making money?

[Anonymous No.57955819]

[Anonymous No.57955855]

>>57955819
Does Gazprom even issue reports to shareholders after the start of the war?

[Anonymous No.57955869]

Shill me some non Chinese rare earth mining stocks.

[Anonymous No.57955887]

>>57955855
Who knows? My two options are to either hold indefinitely and hope it relists in a few years, or call my broker and ask them to remove it from my account. Why bother doing that?

[Anonymous No.57955939]

>>57955887
>Who knows?
They don't just checked.

[Anonymous No.57955969]

>>57948148
It's happening!

Steve says this could be a 40 million ton deposit.

[Anonymous No.57956143]

>>57955969
>>57948148
Wew lad

[Anonymous No.57956191]

>>57956143
Fucking shit i am too late again

[Anonymous No.57956351]

>>57956191
Not really. It just got beat down by manipulators. Its likely going to rise in the next 2 weeks.
You're extremely early.

[Anonymous No.57956447]

>>57956351
So much this. I'm trusting the plan.

[Anonymous No.57956786]

>>57956351
Is it a pink sheet otc stock? Oh my that is wild stuff

[Anonymous No.57956989]

>>57956786
Im a leaf.
Pretty sure you can buy it in America but on the tsx its BEX.

[Anonymous No.57957043]

>>57956989
Arent otc penny stocks rugs for the retarded?

[Anonymous No.57957142]

>>57955869
Meteoric Resources

[Anonymous No.57957166]

>>57957142
Why is the stock x20 since 2020 did they discover a new metal?

[Anonymous No.57957199]

>>57957166
They have had tremendous exploration success

[Anonymous No.57957249]

>>57957199
Not sure there's much upside left in that one.

[Anonymous No.57957263]

>>57957249
I am.

[Anonymous No.57957317]

>>57957043
Not necessarily.
Most small companies start out as penny stocks.
The vast majority of junior miners are classified as penny stocks.

[Anonymous No.57957334]

>>57957263
Looks like they have $A32M on hand, so I guess you're right no dilution in the near future. Thanks I'll keep an eye on them.

[Anonymous No.57957347]

>>57957334
you're gonna have to do a lot more DD than that to understand why I think the company is good

[Anonymous No.57957364]

>>57957347
>you're gonna have to do a lot more DD than that to understand why I think the company is good
Looks good at a glance, I guess you're right on that one. I'm just alluding to the cyclicality of the sector.

[Anonymous No.57957375]

>>57957364
you're pretty easy to convince

[Anonymous No.57957401]

>>57957375
>you're pretty easy to convince
Haven't done the DD just took a glance, not going to argue about the stock when I know close to nothing about it.

[Anonymous No.57957515]

>>57957375
Any other rare earth deposits out side of China you're aware of?

[Anonymous No.57957713]

>>57957515
Right next to Meteoric there's a nearalogy play in Viridis Mining, that company has had some similar early results as Meteoric and is much lower valued, but they are also one of those explorecos chasing a dozen different projects so I'm a vit wary. I might take some shares of that company myself in case they find something good there. Otherwise there's Lynas which is to my knowledge the only Western listed REE producer outside of China. I think American Rare Earths has some kind of high grade hard rock REE deposit that has been in the news recently but I don't know much about them

[Anonymous No.57957828]

>>57957317
I'm Canadian and even I hate trading on TSX.V
>can't use stop losses, have to use stop limits
>extremely expensive to short mining shitcos, if at all
>no options or CFDs

[Anonymous No.57957912]

>>57957713
>Viridis Mining,
>Lynas
Will take a look at them. Most of these have fucking ripped x30 what the fuck, aren't rare earth metals prices down like 70% since the 2021-2022 top? I'm assuming these are all high grade high tonnage discoveries with superb metallurgy and government grants and financing, the creme de la creme.

[Anonymous No.57958084]

>>57957912
I mean I don't bother with the bad ones to begin with, I only want good companies in my portfolio. Lynas might be up because they are just the only producer out there and I think they have done some expansion over the years IIRC. Viridis is up simply because they started acquiring and drilling land near Meteoric and the results are pretty similar. Meteoric is the cream of the crop though.
>I'm assuming these are all high grade high tonnage discoveries with superb metallurgy and government grants and financing
The Brazilian ionic clay plays (Meteoric/Viridis) are actually pretty low grade when compared to high grade hard rock deposits (Lynas/American Rare Earths), but for ionic clay deposits the grade and scale is staggering. Usually ionic clays in China are considered highly economic at 500ppm TREO (total rare earth oxides) grade, meanwhile Meteoric has a huge resource estimate and growing with like 4,000ppm TREO grade plus higher grade starter pit and other exciting discoveries like +100m high grade clay intercepts and shit. The way these clays are mined could not be simpler, they simply dig the clays at surface and leave the fresh rock untouched, use ammonia fertilizer at room temperature to leach the metals out at relatively good recoveries (+50% recovery), then they redeposit the tailings into the pits and rehab them as they continue mining. It's all at surface, high grade in ionic clay deposit standards, easy and simple to mine, and extensive as fuck. Also there's government support from Brazil and locals for Meteoric's project.

There's actually another Brazilian ionic clay project I know of to the West but not in immediate vicinity of Meteoric and Viridis, it's called Aclara. They are lower grade bur check out their PEA to get a feel for the possible value and what the operation might look like

[Anonymous No.57958225]

>>57958084
> Usually ionic clays in China are considered highly economic at 500ppm TREO (total rare earth oxides) grade, meanwhile Meteoric has a huge resource estimate and growing with like 4,000ppm TREO grade plus higher grade starter pit and other exciting discoveries like +100m high grade clay intercepts and shit. The way these clays are mined could not be simpler, they simply dig the clays at surface and leave the fresh rock untouched, use ammonia fertilizer at room temperature to leach the metals out at relatively good recoveries (+50% recovery), then they redeposit the tailings into the pits and rehab them as they continue mining. It's all at surface, high grade in ionic clay deposit standards, easy and simple to mine, and extensive as fuck. Also there's government support from Brazil and locals for Meteoric's project.
Crazy. I was wondering why quite a few Chinese rare earth companies are down 80% in USD terms, but Meteoric and other western REE miners haven't followed REE prices. I was assuming the sector was dead, but I guess western governments really want these mines up and running.

[Anonymous No.57958251]

>>57958225
Most REE companies probably are down a lot idk. I just focus on the best because winners keep winning.

[Anonymous No.57958290]

>>57958251
>>57958225
And actually Lynas is down a lot now that I check. It's just Meteoric, Viridis and American Rare Earths that are up because they have anomalous discoveries. Though idk much about American Rare Earths and I'm just interested in the ionic clays

[Anonymous No.57958313]

huh my ID changed weird

[Anonymous No.57958315]

>>57958251
>Most REE companies probably are down a lot idk
I'm only familiar with some of the Chinese ones and most of them are, although they were grossly overvalued a few years ago and are coming toward a "fair value" wouldn't call them undervalued yet all things considered.

[Anonymous No.57958333]

>>57958313
Check if you're on the same network. You might have changed it.

[Anonymous No.57958343]

>>57958333
I'm phoneposting sometimes it just changes for whatever reason

[Anonymous No.57958348]

>>57958290
>And actually Lynas is down a lot now that I check.
They should be. The metals they are mining have crashed in price.

[Anonymous No.57958403]

>>57958343
>phoneposting
Psycho.

[Anonymous No.57958455]

>>57958403
I am a menace to the people around me

[Anonymous No.57958510]

>>57958455
be an asset instead

[Anonymous No.57958637]

>>57958510
I'm only an asset to my fellow commodity bros

[Anonymous No.57958882]

>The BTFP ceased extending new loans on March 11, 2024.
Well expect some banks to fail is all I'm saying.
>>57958637
Based.

[Anonymous No.57958909]

Well would you look at that speak of the devil:
>https://wcsecure.weblink.com.au/clients/viridismining/headline.aspx?headlineid=61197769

[Anonymous No.57958939]

>>57958909
Kek.

[Anonymous No.57959405]

If I want to get some exposure to miners, what's my best bet? Are they still pretty cheap? I own a fair amount of physical silver and gold, but have been of course hearing you all talking about how the miners still haven't moved. Thoughts?

[Anonymous No.57959457]

>>57959405
I'm assuming you're talking specifically about gold and silver miners. Yes they're fucking cheap. Just wait until those quarterlies start rolling in for the producers hoo boy

[Anonymous No.57959471]

>>57959457
Do I just buy the gdx and gdxj? or are they specific ones that are financially better (profitable currently) but depressed?

[Anonymous No.57959510]

>>57959471
GDX/GDXJ is a decent way to get exposure especially if you're lazy but I'd say specific juniors and majors will outperform their respective peers. Of course some shitcos will also probably make stupid gains but I don't touch that shit.

For example Agnico Eagle is a constant outperformer in the gold majors. With silver producers it's pretty hard to go wrong when silver begins running. Hundreds of junior explorers and developers to choose from and most of them are garbage, only a select few are actually good

[Anonymous No.57959574]

>>57959405
Yes buy miners. Theyre sensitive to fuel and interest rates, but nobody wants them right now, so theyre cheap. Who knows how long it will be though, likely no cuts this year and depends on market cycle. Expect a 2-4 year hold with good upside

[Anonymous No.57959668]

>>57959574
Why do you expect a 2-4 year hold? That doesn't surprise me, just curious of your thoughts. And you'd say the index rather than specific? It seems hard to find people excited about particular companies, except here and there. Most of them look like shit (hence why they are cheap I guess?)

>>57959510
Thanks anon. What do you like about Agnico Eagle?

[Anonymous No.57959716]

>>57959668
Agnico is simply a profitable, high quality major that has been able to keep costs in check while growing production. Not many majors can say that as of late. Endeavour Mining is one other major that has been able to do that, and I own both as my gold major exposure. Newmont which is the biggest gold company on Earth has been losing money while gold has been near ATHs, that's how poorly some of the companies in the sector have been run. But maybe even Newmont manages to accidentally post a profit now that gold has broken up.

[Anonymous No.57959720]

>>57959668
We all know the broader market is a shitshow, but who knows if a crash happens in a month, next year or 10 years? Thus, while you might have the right idea, you might be extremely early. Thus, its good to plan holding it for far longer than you expect.
Its a good sector to have some exposure in, but it depends on the market cycle and fundamentals too. For example, Im very bullish on silver and copper over the next 10 years

Its hard to choose a specific company. Much safer to grab an etf with muted gains so its less likely to drop 90% on retardation

[Anonymous No.57959741]

>>57959720
>Its hard to choose a specific company. Much safer to grab an etf with muted gains so its less likely to drop 90% on retardation
this, it takes time and effort to really start understanding the sector and even then you can get fucked by all sorts of risks which is why diversification is so important. That said I'm very happy I've gone full autist on commodities these last three and a half years

[Anonymous No.57959806]

>>57959716
I just looked up their 10q and it looks like they actually lost money in q4 (-21% margins, ~400M in the hole). Previously looks like they were profitable though... I'll check out the ETFs and see where their pullbacks land to get a good entry point. Looks like somewhere around 32-33 on GDXJ is about reasonable for an entry point if I think they are going to bounce.

>>57959741
I think what makes the gold and silver miners tough is the sheer numbers of them. I also wonder if most the better ones are private.

[Anonymous No.57959888]

>>57959806
Read the fine print
>Net loss was $381.0 million ($0.77 per share). This result includes the following items (net of tax): impairment losses of $667.4 million ($1.35 per share), derivative gains on financial instruments of $50.7 million ($0.10 per share), non-recurring tax adjustment and change in tax rate and foreign currency translation losses on deferred tax liabilities of $26.4 million ($0.05 per share), net asset disposals losses of $16.2 million ($0.03 per share) and foreign exchange and other losses of $4.0 million ($0.01 per share)
>Excluding the above items results in adjusted net income of $282.3 million or $0.57 per share for the fourth quarter of 2023

Anyways with these capital intensive businesses the bottom line earnings can be deceiving. I like using (adjusted) EBITDA more

[Anonymous No.57960714]

Anybody been looking at earlier stage companies that haven't been mentioned here much or at all? WIA Gold looks very promising but I'm sad the market noticed quicker than I did. I also bought back into Predictive Discovery a while ago. I think French anon mentioned CopAur, I'll have to check them out since some of those headline drill results look good while the company is trading at like US$10m. While I love that I've been able to buy producers and more advanced developers at such cheap prices I'm beginning to be interested in some of the more likely exploration successes as long as they're cheap

[Anonymous No.57961008]

>>57959741
Gold is at such an obvious ATH and still even GDX is only around 50% its 2011 high. Wake me up when this bullcrap is finally over.

[Anonymous No.57961152]

Looks like gold is going to drop 30 or so dollars before rallying again

screencap this

[Anonymous No.57961183]

>>57961152
I'm not seeing it.

[Anonymous No.57961265]

>>57961183
The past several leg ups since the bullrun started had a smaller period of time before it shot up. Now it's crabbing.

[Anonymous No.57961463]

>>57961008
silver was almost $50 then, it's now $24.45

[Anonymous No.57961517]

>>57961265
Could also be that the current crabwedge resolves up

[Anonymous No.57961821]

>>57961463
>Lyn Alden
That's a man. Does anyone have solid proof that Lyn alden is a dude?

[Anonymous No.57961899]

>>57961821
no proof but many have suspected the same

[PAN MAN No.57961945]

>>57960714
i dont think that there are many more actually good projects or project generators out there right now, or at least havent posted any discoveries that could be picked up as worthly. The most recent one that made news was probably Hercules Silver, that was a classic new discovery at a well known historic location that grabbed attention.

[Anonymous No.57962219]

>>57961463
do you think he took her back to that hotel room and licked her hairless balls?

[Anonymous No.57962245]

When gold reaches $3000/oz will we find out if she has a penis or not?

look at those shoulders

[Anonymous No.57962290]

>>57961945
Well WIA Gold for example found an open pittable 1.3Moz Au at 1gpt resource after a single recoinnassance drilling program in Namibia. It cost them $2/oz to find those ounces and they've been drilling to extend that resource, I think they could get it to 2.5Moz or so before they have to start focusing on regional exploration. The deposit reminds me of the nearby Twin Hills project by Osino which is getting bought out right now for about US$250MM, although Osino made a big regional discovery after the feasibility study was published. But I like the way WIA is exploring, they are going about exploration across their portfolio very methodically like Endeavour Mining and Perseus have been doing in Africa.

[PAN MAN No.57962459]

>>57962290
thats a fantastic discovery! i am not very up to date on african discoveries either, but how did they make their initial identification on the area? IP survey? On the ground work? There must be billions still waiting across that continent, too bad much of its to unstable to operate in.

Ivory Coast has had a number of incredible discoveries made by locals who brought their work to western junior mining ventures, i ll have to have a look around that region again at some point.

[Anonymous No.57962542]

>>57959510
Stick to GDX/GDXJ if you're new to mining, dont bother with the rest. So many shit to consider and check, you probably won't have time to learn since we're breaking out. Also don't fight for pennys, we're still rock bottom.

[Anonymous No.57962630]

>>57962245
How many rows of teeth does it have?

[Anonymous No.57962756]

>>57962459
I would have to check how they initially made the discovery but anomalously high gold in soil grids lead them to drill the prospect, they went from the soil sampling results into a drilling program within a few months and it took them a bit over a year to get that maiden resource.
>Ivory Coast
Yeah that place too is amazing, the entire West Africa and by extention South-East South America since they're basically the same greenstone formation. WIA also has earlier stage Ivory Coast prospects that they have been soil sampling and drilling with good results as well. There's also Montage Gold who are also in Ivory Coast who have at times simply found and drilled artisanal workings for nice results

[Anonymous No.57962968]

>>57962756
>South-East
North-East I mean. Guyana and others

[Anonymous No.57963009]

Investing into bay horse silver was the best lesson I learned from /biz/.
You should never invest money into a meme.
You're losing more money that just the money you use to buy the shares but also the money you didn't make with it.

t. Bought 30k shares ath

[PAN MAN No.57963045]

>>57962756
i ll have to find the company that brought the discovery i am thinking of tomorrow at some point, they were shown incredible vein material by small scale miners digging from surface who asked for money to develop the prospect.
Googling for names got me no where, i ll check back when i can because the core was incredible.

[Anonymous No.57963328]

>>57963045
I only know of Aris' I think it was called Marmato mine where they have some kind of partnership with artisanal miners where they mine some of the ore and get paid some agreed upon sum for it by the company. The company is now developing the underground portion of the mine to ramp it up

[Anonymous No.57963474]

>>57963009
It constantly diluted, its ATH was probably a month in

[Anonymous No.57963488]

>>57963474
The company also consistently just didn't do what it said it would. Still no mining btw, that was supposed to be just around the corner three years ago. Worse than a lifestyle company, a straight up scam

[Anonymous No.57963526]

>>57963474
Ath is a bit exaggerated just that I bought when it was constantly shilled here and since then it just never stopped dropping.

But anyway maybe sometime they'll unfuck themselves and I'll be rich but for now I don't see it happening and no point in selling something worthless

[Anonymous No.57963545]

>>57963526
Your only hope is a faceripping silver bullrun that lifts scams along with the real companies

[Anonymous No.57963679]

>>57963526
>>57963545
Another option is to sell half (or 1/6th or whatever) when it rallies on sentiment with other miners and just perpetually swing trade it.
Might be able to donate it to a registered charity as a taxable deduction.
Could also hold it until something else wins big and use it to offset capital gains tax.
Its not a great situation but there are ways to navigate it

Also a trick if you expect a company to outperform, you can short the index/etf and long the company; you pay the short borrow fee of course but this lets your gains come from the alpha it creates beyond the benchmark. Also less capital intensive.

Just an idea. Risk management will always make you a winner

[Anonymous No.57963693]

>>57963679
That's some really sound financial advice,thanks anon.

I don't need the money per see so I'll hold my bags but it's good to know

[Anonymous No.57963764]

>>57963693
If youre financially stable you probably dont need me to tell you to pay down debt, max your 401k/Roth IRA & employer contibutions, and invest with a tax advantaged account.
Also in Canada at least, we can claim tax deductions on interest payment I think. Might vary by jurisdiction. Tax law is complicated but there are lots of loopholes.

Really with BHS and other mining shitcos, it would be so good to be able to write options against them, because then you could be earning hedged premium and start wheeling it too

[Anonymous No.57963796]

>>57963764
I'm not American anon but don't worry I cleared my debt long ago fort he rest I saw the equivalent in my country on reddit and fucking lol I have them and lost money to inflation because of how bad they are.
I hope it's better for you in your country

[Anonymous No.57963857]

>>57963796
I'm Canadian but despite everything Ive just been working a PT mcjob and saving about 15% of my income. Rent is cheap with family, I have no debts and minimal expenses.
Between a weaker $DXY and inflation, USD-denominated assets (but not USD itself) is a good place to be. Depends on rate hikes/cuts too. You want to diversify and hold a little bit of everything, not just US stocks

[Anonymous No.57963900]

>>57963857
Yeah I'm waiting next month before starting to invest again.
Moved to Japan around 1 years ago which in itself was a great investment not money wise of course.
Once I get to one million yen cash saved I'll start investing again so probably next month

[Anonymous No.57964105]

>>57963679
>Could also hold it until something else wins big and use it to offset capital gains tax.
Underrated advice. Personally I don't mind selling at a loss if I have better use for the leftover capital since I can just tax loss it

[Anonymous No.57964268]

Back to the main topic I still think newmont stock is undervalued right now

[Anonymous No.57964314]

They just picked up my gold. In b4 gold goes to 50k overnight now

[Anonymous No.57964539]

>>57964268
kind of a First Majestic situation where the stock is sold down and hated for a good reason but finally possibly looking like it has found a bottom

[Anonymous No.57964556]

>>57961517
Exactly, there’s no way of telling where the (potentially) short consolation will go, only that the longer it coils, the bigger the shift will be

[Anonymous No.57965213]

>>57964556
does look like he was right that gold is going to pull back a bit for now

[Anonymous No.57965350]

>>57962630
Plz no bully the macro tranny.

[Anonymous No.57965778]

red day boys

[Anonymous No.57965845]

>>57965778
it's over

[Anonymous No.57965964]

>>57965845
we're so back

[Anonymous No.57966182]

>>57955542

[Anonymous No.57966269]

>>57965964
it's over

[Anonymous No.57966579]

>>57965845
>>57966269
It's so fucking over...

[Anonymous No.57966748]

I will never financially recover from this...

[Anonymous No.57967169]

>>57965778
I dumped the global gold market. They picked up pic related this morning

[Anonymous No.57967285]

What if peter schiff is right an gold goes to 50k. I will be so rekt

[Anonymous No.57967564]

My gold has already been inspected and received and the transfer will be made today. This is the most professional and smooth process I have ever experienced.

Are all gold companies like that? It is almost like I am in a parallel universe where customer gets treated with professionalism. I mean I was even in the bank this morning and was treated like dog shit which seems to be the new normal

Would do again/10 experience

[Anonymous No.57967941]

>>57967285
Did he really say that

[Anonymous No.57968256]

It's so fucking over... can't believe I fell for the junior mining meme.

[Anonymous No.57968331]

>A Lukoil refinery in western Russia is on fire following a drone attack early on Tuesday local time in what appears to be several coordinated attacks by drones from Ukraine on Russian refinery and fuel facilities.

[Anonymous No.57968364]

Tempted to buy VALE around here. Look at this.

[Anonymous No.57968382]

>>57968364
Ex-dividend today.

[Anonymous No.57968415]

>>57968382
Explain to a stupid pls

[Anonymous No.57968438]

>>57968415
If you hold the shares today you get a dividend.

[Anonymous No.57968462]

>>57968438
even just for one day? The company has some bad news about a CEO and of course China is about to fall off a cliff which is bad for materials like Iron ore. So, it could break through that lower support I guess. I donno.

[Anonymous No.57968498]

>>57968462
>even just for one day?
Yeah.
>China is about to fall off a cliff which is bad for materials like Iron ore
China is about to enter an upturn, if the liquidity injections and interest rate cuts continue the HSI could even break to new all time highs in 5-10 years.

[Anonymous No.57968518]

>>57968462
Shareholders of record by end of day on ex-div date are eligible to the next scheduled dividend payment. Mind you the stock price usually corrects for the dividend on the next trading day anyways

[Anonymous No.57968607]

>>57967169
>https://time.com/6900123/boeing-whistleblower-john-barnett-found-dead-deposition-safety/
Another one bites the dust

[Anonymous No.57968996]

>>57968498
they still have enough empty apartments to house all of Germany and nobody is buying since they're all upside down in their current home.

>>57968518
Interesting, thanks. I can't decide if I buy this shit today or not. Seems oversold.

[Anonymous No.57969203]

>>57968996
>they still have enough empty apartments to house all of Germany and nobody is buying since they're all upside down in their current home.
None of that will matter in a couple years.

[Anonymous No.57969238]

>>57968607
I made € 2,632.25 profit after all was said and done on a 13 month investment

Lol

[Anonymous No.57969297]

2,21% return after premiums

It was not a great idea in retrospect but I was planning to hold it for a decade then it may have worked out better

[Anonymous No.57969321]

>>57968256
I told you pink sheets were for losers

[Anonymous No.57969351]

>>57969297
If not for premiums it would have been 8,6 %. Conclusion just speculate on paper gold

[Anonymous No.57969363]

>>57969351
>premiums

[Anonymous No.57969371]

>>57969351
>>57969297
Physical, especially non-gold precious metals, are terrible for speculation because of the premiums attached.

[Anonymous No.57969424]

>>57969371
What premium?

[Anonymous No.57969453]

>>57969371
Yeah that is why gold shills make grandiose theories about why you should never buy paper gold

[Anonymous No.57969487]

>>57968607
I dont understand how this relates to the post you are quoting?

[Anonymous No.57969569]

>>57967941
Somewhere between $20,000 and infinity
https://m.youtube.com/shorts/uUXNPnJYGmA

[Anonymous No.57969588]

>>57969453
huh?
>>57969424
if you buy physical the bullion dealer will take a margin both when you buy and sell, that's what is usually referred to as a premium

[Anonymous No.57969698]

>>57969588
Why buy physical gold instead of paper gold if not for believing the grandiose stories which are constantly being repeated by people like schiff?

[Anonymous No.57969775]

>>57969698
>Why buy physical gold instead of paper gold
Idk if you're baiting or you're actually serious. The answer is pretty obvious. I hope this is a rhetorical question.

[Anonymous No.57969901]

>>57969698
Why, for hedging and savings of course.

[Anonymous No.57969921]

>Permian Gas Prices Turn Negative, Again. Spot natural gas prices at the Waha hub in west Texas returned to negative territory this week, averaging -10 cents per mmBtu, due to a combination of mild weather, higher-than-average inventories, and still rising gas production.

[Anonymous No.57969947]

>>57969921
>Waha negative again
in another news water is wet

[Anonymous No.57969987]

>>57969947
It's been negative for quite a while.

[Anonymous No.57970160]

>>57969947
Kind of stupid that European electricity prices are up 50% because they aren't letting Russian gas through, but in the Permian they're paying for someone to take the gas of their hands, instead of exporting it.

[Anonymous No.57970311]

>>57969588
What price are you supposed to be buying it at, if not including premiums?

[Anonymous No.57970341]

kek

[Anonymous No.57970371]

>>57970341
>e bought Poomont.

[Anonymous No.57970498]

>>57970160
Gas is kind of difficult to store and transport. The only two options are by pipeline or by LNG ports. As a result gas markets are very local.
>>57970311
idk I bought most of my gold at about $1,800 during a dip and I bought enough that I won't need to increase its share of my portfolio in a while. I look at the price less with regards to physical gold and moreso focus on how much of my portfolio is gold. Ideally at least 5% of a pf should be physical gold desu but I have like 20%

[Anonymous No.57970511]

>>57970341
Lol
I died

[Anonymous No.57970529]

>>57970341
>he sold? activate non-core asset disposition and cost control program

[Anonymous No.57970836]

>>57970498
I have like 2% in gold, i wish i had 5%

[Anonymous No.57970869]

>>57970836
don't worry bro you can buy some more once we make it

[Anonymous No.57972927]

bump

[Anonymous No.57973879]

Bamp

[Anonymous No.57974048]

Maybe I shouldnt have sold and just hodled until 5000 gold.

[Anonymous No.57974326]

>>57969487
He's moping so I thought it would cheer him up

[Anonymous No.57975787]

Here's my thing. electronics are fragile. ATT proved that a few weeks ago. I i cant get to my money, its worthless. Silver and gold are physical and valuable regardless of if we have electricity or not. yeah, its not an investment. its not growing like etfs/btc and other stocks. what it is doing is being valuable and physical. from the perspective of a blue-collar worker, it makes sense to stack, it doesnt make sense to dump money into bitcoin, when it would likely take years to secure a single bitcoin, assuming the price doesnt change. i know this timeline never went to 70k+ but in my original timeline it was up to 75 and dropped back to 25, so im not fucking with it here either.

[Anonymous No.57976782]

Looking at:
BHP, RIO, GLNCY, VALE, NEP, CVX, SU, BP, HESM, KNTK, USAC, and PBR
Anything that strikes you as a glaring isue? Even PBR is bullish on the monthly

[Anonymous No.57977777]

>>57976782
PBR cut its dividend significantly because Brazil, but operationally they're a very solid company. BHP, RIO, GLEN just don't want to be any cheaper it seems

[Anonymous No.57977798]

>>57946541
Redpill me on pbr & pbr/a Convince me to buy/not buy (more)

[Anonymous No.57977913]

>>57975787
Saved this from pmg before they removed it

[Anonymous No.57977929]

>>57977777
Witnessed and thank you didnt see this post until i updated jt. Saw this plate recently