Strong oil demand edition
>>23426304Just go to the biz thread
>>23426448no
market's blowing the back out of my short-term price targets.
Nice so we removed 888 tonnes of silver from the LBMA inventories, yet silver was down yesterday. Free-float inventories at all time lows
What do you guys think of Bocana Resources and their new Arizona mining project?
I wish we were a happy family and had one thread at biz
Cenovus just upped their bid for MEG. Now they are offering $29.80/share. Very close to my $30/share expected target. I do expect Strathcona to come in with an even higher bid, but if not I would be pretty happy with MEG and Cenovus combining at these terms.
>>23426304cummies>>23426448Post your address /biz/ janny and someone will be along shortly, you fucking queer
>>23426448y tho
>>23426904M&M
>>23426944I meant M&A*
>Lion One diluted more>once again
>>23426968Kek
SIC unstoppable since new CEO, wish I'd bought more before Fidelity started charging $50 to buy ithttps://ceo.ca/@newsfile/sokoman-minerals-triples-claim-holdings-along-65-km
Damn everyone did migrate....it's jover
$50 silver this week no problem
>>23427364"RSI can remain elevated longer than the London bullion banks can remain solvent."These will be my last words and written on my tombstone.
>>23427357Post in both bro! /biz/ allows webms up to 4mb, instead of the 2mb limit here, making /biz/ superior for large Japanese milker posting, an essential part of good due diligence
>>23427415>Snowline is $12 nowFeels so good
Greatest silver reserves in the world boys, mining 24/7, silver flooding the market, making fat stacks of cash for all investors. You made the right choice boys. Your DD was world class.
>>23427464It does, WAGMI Snowline Bro. Even if we see a little fuckery later, we are going to, ultimately, win bigly
>>23427364>No monkeGary on VPN
>>23427489Bro that wasn't even me lmaoI guess there are at least 2 Canadian Snow chads here
$50 was a piece of cake huh
>>23427527Feels good
>>23427527Nice, the more at the buyout the merrier
>>23427357Still here fren
>>23426968But.. the editor at 321gold.com told me it was a sure fire thing!?!
https://x.com/RonStoeferle/status/1086279343926464518?t=0m-W0ma_p2fwoQLiVx4DVA&s=01
SALT Bros...
Its over. Sell the tops lads.https://x.com/i/trending/1975929448110449047?t=o_3WyDepRL8jO_LQP0zfWg&s=09
>>23428608Fucking goddamn it
>>23426968Kek looking at the chart I remember HedglessHorseman shilling it at $1.40
Surge chads rise
>>23429224Copper stocks had a huge day today. Look at Aldebaran! Wish I had more shares. Copper Giant also up over 10%, I have an even smaller speculative position of that.
Wally just announced another "sidecar" placement for Lion after triple upsizing their current LIFE offering. This shitco has been insane ever since that monster drill hit back in 2022. Always at a discount, always full warrants. And of course the shills/baggies on ceo insist that it's always the last financing, and more recently, that the SP will instantly re-rate to $1 even though they have a billion warrants well below there.
>>23429630It's hilarious really. This makes how many financings just this year? They just upsized their last financing like a day or two ago.
>dual nationals posting here and in/b*z>/b*z reverts immediately to BHS thread
>>23430372nothing of value was lost
Broes... I am literally one good trading day away from making fivebagger gains this year. Surely there has to be a big pullback soon?
>>23429369Yea CU spot had a pretty muted day (although bounced up this morning), copper companies must be up on more signs of “risk-off” trading environments
>>23431158>Surely there has to be a big pullback soon?no. keep applying more leverage. less than 1000% gains is nothing.
Uranium falling off because one spot seller isn't catching a bid and having to lower their price. I love this inefficient market.
>>23431158See, this is the performance we were dreaming about in 2021. Dreams come true!
>>23431158How long did the 1970s mining run last?We're only what, like 6 months into it?Financial media is barely reporting on miners.
>>23431158also what are you going to do with the money?no meme answers please
>>23431237The late 70s/early 80s bullrun was only like two years between bottom and top I think? Similar to the GFC bullrun. This time is unironically different>We're only what, like 6 months into it?We are like two or three years into the bull now leaf-kun... Bottom was in about October 2023, the big breakout was in March 2024. 2025 is when the bullrun has really started getting legs. Idk how long this will last.>>23431240I will continue reinvesting it into stocks. I am not even close to fuck you money yet
every commodity bull market is in its very early stages until it's over. grifters need you to believe you're ahead of the curve to be their exit liquidity.
>>23431277The world is cold and every mqn is alone out there, true but the charts and ratios show that the upside is in favor vs the downside
>>23431277I hear you and you're not wrong that grifters will always be there looking for more dumb money to pump their own holdings (like Don Durrett or Gary Savage etc.) but I know a bear market when I see one. We are very clearly still in a bull market in gold and commodities more generally speaking. A few years ago we were in a bear market, and I traded accordingly and was able to stay in the or grey oronly slightly red at worst. It's a bull market until it's not.GSCI looks bullish as fuck. I wouldn't worry until I start seeing toppy signals.
>>23431292>A few years ago we were in a bear market, and I traded accordingly and was able to stay in the or grey oronly slightly red at worst. It's a bull market until it's not.Unironically i just entered precious metals at the 2021 highs and after and suffered like 50% loss until april now im nack in the green how fucked am I for underpwrforming so hard
Uranium recovery started in 2020 and we're no more than 18 months from the top imho.
Copper has made up 60% of the crash lows, bullish
>>23431244>We are like two or three years into the bull now leaf-kun..I really don't think so, it was really crabby until last year
>>23431244>>23431292also the mainstream financial news shows and websites are barely reporting on mining stocks, there is no fomo yetit's just us rock nerds investing in this shit at the moment
>>23431325This, and if gold and silver miners get rwcommended its always the obvious picks like First Majestic, Barrick Gold and Couer Mining
Or Rio Tinto
>>23431158Phenomenal job Finbro! Pullback? Maybe, but not big imo. Predict you will continue to outperform throughout '26
>>23431302what are you invested in exactly
>>23431333I dont want to get shamed thats why I will show you my best performers
>>23431333>>23431336For example I lost all my money on Great Panther silver lol and sold Blue Lagoon too earlyI went
>>23431302I also entered around that time. I managed to avoid big losses like that because I wasn't just buying and holding, and I also started off small precisely to account for my own lack of experience. The losses I suffered were small because my positions were small. And I learned to mitigate risk and trade in a bear market. Even made money on some trades. I actually turned a profit on BHS while most people got rugpulled
>>23431323only in the juniors. The majors already started gigapumping in early 2024.>>23431325>>23431332It doesn't look like we're anywhere near a top yet I agree. Let's hope we keep printing money for another year or two at least. Buy the fucking dips
>>23431341>The majors already started gigapumping in early 2024.>25% increase over the year followed by a dump for a few months>gigapumpingI don't think so.In my mind the bull run didn't start until January 2025>It doesn't look like we're anywhere near a top yet I agree. Agreed. I hope it lasts a long fucking time. I want to be a millionaire.>Let's hope we keep printing money for another year or two at least.It's going to get out of control.
>>23431336Bro I fell for Aurcana and Bayhorse and lost so much money, meanwhile all of this crypto and meme stock shit was pumping. Felt so bad.Now it's our turn to shine.Also I went all in and bagheld BEX for over a year. What a joke.
>>23431356>>23431356>The majors already started gigapumping in early 2024.Look at AEM for example, I sold last year and still ran up
>>23431359I was going to do ITM newmont calls in january but decided it was "too risky" kek
>>23431361It do be like that
Spot just touched $50.01 and got knocked back a little, today will be wild
>>23431370FUCK NIGGERS AAAAAAAAAAAAAAA
>>23431356The point is, the bull market's early innings started from a bottom in late 2023 and the pumping started in 2024 already. Bull markets have humble beginnings.Where do you think we are on the chart right now?
>>23431357In fairness, Aurcana had a pretty good story initially. It got a lot of us bro. The important thing is we learned and survived. Looking back it was a class in Shitco 101 that turned out to be a valuable lesson
>>23431382Before the first sell offAnyone who came in in the last year hasn't encountered their first 50% drop yet
$50.67 SPOTare we squeezing bros?
>>23431390nonsense, first sell off happened in late 2024. Doesn't have to be a -50% drop, that would be insane. The mood of the markets was decidedly skeptical in 2024 when GDX was going up, and I remember the almost universal "miners never keep their gains" mentality when the pullback came in late 2024 and most of the gains enjoyed during the year were given back. 2025 has been a nonstop party on the other hand. We are clearly in the early "mania" phase.
>>23431382Beteeen take off and sell off
>>23431399selloff was already in late 2024 though
>>23431402My opinion is that I dont want it so early to end thats why im itnorant and say we are in the awareness stage to lie to my self, i dont hear you
>>23431404megabased
>>23431395Well most of my holdings either crabbed or was still bleeding out in 2024 so I've not seen any gains to give back then
>>23431395I mean not many silver miners are trading on the 40$ or 50$ per ounce output
>>23431406>>23431407okay, maybe I am wrong. I honestly don't know. Do you guys think there will be any major correction or selloff in this kind of market environment? Because I just don't see it. Everybody knows and feels that we are in a raging bull market right now. The mood is definitely hyper bullish across the board. It's just a totally different mood than what I experienced in the bear market between 2021 and 2023, and still different from the mood in 2024 when the good companies (not shitcos) started moving up.I may be totally wrong but it just feels like we are at least halfway there. Silver is knocking on Heaven's door. I mean come on. I think the only reason I have only seen passing remarks about gold and miners from the financial press is because AI has been a much sexier bull market. But over here I have already started seeing "buying gold jewelry!" ads on TV
>>23431417No one knows anonWe all have to see whats ahead of usTaking profit has never ever been a bad ideaBut sitting on a mountain of profit is a weird feeling and maybe even "must" feel wrongRemember we have monkey brains and they werent made to sit infront of the pc and watch line go up
>>23431182>less than 1000% gains is nothing.not too far away from that when I zoom out actually
>>23431431>Taking profit has never ever been a bad ideaI'm not gonna tho
>>23431434
>>23431417The bear trap must necessarily be a big enough dump that some people will say "it's over" and quitAnd once they sell the second phase starts
>>23431440I agree with this it must feel like the uranium sideways crab and final dump like the it happened the past years until few months ago
Is the Galleon bro who had over 100,000 shares at something like .20 still with us or did we lose him?
>>23431433mine looks like that when i include deposits
>>23431382I think we're partially starting "media attention" because it's not even really there. This bull run has been quite silent.
>>23431598He's knee deep in whores and can't answer the phone right now
>>23431655kek, I hope so
>>23431244>The late 70s/early 80s bullrun was only like two years between bottom and top I think?The bull run was way more than two years. In the US, the entirety of the 1970s was one of high inflation and gold did quite well although there were severe corrections. In the final blowoff top of the secular PMs bull market, gold bullion more than triple in price. At the top, Federal Reserve chairman Paul Volcker dropped the hammer on inflation by jacking the Fed funds rate to something like 20% while also doing other things to reduce money supplyPMs never recovered their highs after that point but inflation was so bad and so persistent throughout the 1970s that people had something of a reflexive memory to buy dips or behave as if they were in a high inflation environment. This caused Volcker to spike the Fed funds rate again in 1982, inducing yet another recession, to finally drive a stake in the heart of inflation.Bond yields and gold prices essentially ground down continuously, with spikes here and there, until 2000. The bond bull market would have been over if not for the housing bubble and the subsequent response to the 2008 financial crisis whereby the Fed manipulated bond yields lower. All it cost was about $20 trillion.My feeling is that we're maybe at the halfway point in this PMs bull market cycle. There may be much more runway depending on how badly the Fed continues to run errant, failed monetary policy.
>>23431673>In the final blowoff top of the secular PMs bull market, gold bullion more than triple in price.This tripling was over the course of one year. (!)
They are not done printing and even discussing lowering rates
https://www.internationaltin.org/confiscated-smelters-handed-over-to-pt-timah-amid-mining-crackdown/Very interesting news on tin from Indonesia. The government there has been on an illegal mine shutdown spree and they have nationalized six tin smelters which account for half the country's tin refining capacity, due to environmental concerns (or so they justify it). Indonesia is THE tin producer so this signals stronger tin fundamentals. Although now that these refiners are in state hands, Indonesian tin exports have been increasing so maybe there is sort of pent-up supply coming to the tin market.Another thing I want to point out is the attention they are putting on environmental reclamation in the mining sector. Indonesia is also the country that has flooded the market with nickel in recent years, and as Rick Rule has often recounted the environmental damage caused by their nickel mines is breathtaking. So I would view this news as very positive for nickel fundamentals as well. I have been buying nickel miners as of late and I think nickel may finally have found a bottom.A third thought comes to my mind after these tin nationalizations: if this is Indonesia's stance on resource nationalism, will they eventually make a move on Grasberg? I don't think it should be a base case assumption but there is probably a higher likelihood of increased taxes and royalties for Freeport in the years ahead.
>>23431689
>>23431673Thanks for correcting me Cletus. I guess I oversimplified things and missed some important context while trying to hone in on the bull market timing.>My feeling is that we're maybe at the halfway point in this PMs bull market cycle. There may be much more runway depending on how badly the Fed continues to run errant, failed monetary policy.I think so too, it just feels like we are kind of half way there. I'm totally speculating but one possible scenario I could see is that we enjoy this PM bull for the next two or three years, and other commodities also join in on the fun. But then there's a top in 2028 or so as economic confidence starts to swing into the other direction. Then gold may not do super well until a real devaluation event or financial crisis sometime after 2030. The trend is obviously that there will be sovereign defaults and devaluations, but I think there will almost certainly be another "intermediate" change in trend before that. I don't really trust the guy but Martin Armstrong's views on economic cycles have been weirdly accurate at times so I have started to think in these kinds of cycles myself a bit. No idea if it's just dumb luck or if he really has cracked the code. Look at the timing of some of these recent years
>>23431690Appreciate your thoughts
WAGMI
>>23431732keeeeeek
>$2.50 backwardation Silverbros… is it happening?
Snowline Bros, we have a chance for a massive gain today if Kip talks SGD again on Fox Biz,https://x.com/KHerriage/status/1976314898499109047 last time Kip discussed Snowline with Charles it went up over 30% that day before getting halted:https://vimeo.com/1100835394
Shellco broes ...
told you it was over
>>23431997Nah, just a speedbump
>>23432075Yeah today's drop was the standard amount, but this one was way more dramatic only because the drop happened right after both metals barely crossed their historic lines.
looks like pullback time finally
WE HAVE A FIRESALE! DEPLOY MORE LEVERAGE! CATCH ALL THE KNIVES!
>>23432327I'm going to catch the falling machete with my asscheeks
>>23432327Just added 410 shares of Snowline during today's 5% off sale from our frens the banksters
What to buy?I want to sell some starting positions I forgot about and start a new position somewhere
>>23432327>massive BUY signal
I bought some more Franco Nevada. My all other positions just started to correct but for some reason Franco Nevada has been gigadumping the whole week.
>>23432327yeah... go ahead and do that... I'll just sit this one out for now
WAGMIhttps://www.youtube.com/watch?app=desktop&v=6I7NKlLltJU
kek coworker bought 3x leveraged gold etf today
Has anybody checked on the fondletards over on /pmg/???
>>23432498you can blame him for the smackdown today. literally bogged
>>23432521yea they had a party at 51 silver
>>23432526who cares, we had red days and one or two days after we climbed back upif not this correction was due
>>23432534>who caresyour coworker
>>23432537I told him hes crazy for that and the rearview mirror shows the line goes up
>>23432530I still think $40 by April will be a piece of cake
ooooh boy they are doing it. They are going to sell Eagle Ford just a few years after buying it (lol) and then they are going to consolidate their West Shale Basin Duvernay play. That means they will be buying up Spartan and/or Paramount's neighboring acres. Good time to be long SDE and POU, and I would be willing to extend goodwill to BTE enough to stay long for the pro forma combined company because I like those acres a lot.
>>23431433Holy fucking based. I need one of these, and i'm literally retired if i want to live here for the rest of my life (which i do not) lmfao.
>>23432625Bagtex doing Bagtex things. I remember a lot of people who bought it for the clearwater wells being really pissed off when they made that acquisition lmao.
>>23432625Seeing a golden cross on it a few weeks ago was cursed as cursed can be.
>>23432658You could have bought Avino in early 2024 it already did 11 banger since then
>>23432707yeah there's something really uncomfortable about seeing bullish share price action in BTE lol. Goes to show that oil stocks really have bottomed
>>23432839You seen Sprott Copper Juniors ETF chart?
>>23432842I haven't but I'll guess it's been bright green recently
>>23432847aye
>>23432823>Yeah bro just dump all your cash into a silver shitco.Sure thing I could have, would have been the right move in retrospect... In retrospect though, or I could have been ruined if one thing went wrong.
>>23432852well that company exists for decades and is listed on major murrican exchange
>>23432851Nice ride so far. Looks like this is a pretty new Sprott product, the chart doesn't go back more than this. Sprott must be making a killing right now with all the index flows rushing into commodities
Im going on a road trip to Canada for the weekend. Anything I should buy, see, or do? Is it cheap like Mexico with the exchange?
>>23432965canada is india now sad to sayour dolar isnt doing so hot so you should have to problem buying lots of souveniers
>>23432965How is your French?
>>23433057>>23432965
>>23433081Ca va quelques fois peut etre. Il y a une longtemps depuis j'ai etudie francais.
Are assay labs backed up like crazy right now?What is going on?
>>23433394No, just dusters.
What is the average intelligence of the Bayhorse bag holder ?
>>23433152Yeah escorts are like 5 ounces I think.Is silver about 69 Canadian pesos?
>>23433742$4371 rupees?
i boughted remx, amerigo resources, and micron today
>>23434705That's like what, US$1.25?
>>23434760lol, ya
>>23434760but wait a minute, Finns dont use Euros do they?>checksI'll be damned
$50.36https://youtu.be/5mwCmlaupkY?si=m7xBaU2Vk5bOar98
Any oilbros got a read on this?
$51 silver all hail gary
>>23435140I feel the market swooshing tamp threatening again
>>23435145americans are selling silver here based on the timing of the drops. london is buying. maybe the shortage narrative has some truth.
>Everybody get used to these $100 haircuts in gold and $1/$2 haircuts in silver, because they're going to be the 'new normal' henceforth. Do *NOT* fear them, welcome them.is the best thing ive read today
Xi cannot stop winning. Is anybody even doubting the China next world leader narrative anymore? BHP basically had to do this since China had started boycotting BHP's iron ore. They have all the leverage.
>>23435217I know I'm going to make a lot of money over the next 1-2 years, but what kind of life would I live if the dollar dies and America/Canada turns into a poverty stricken and probably violent shithole
>>23435217Then again mining.com's latest news release on this says BHP and China's talks have stalled. Twitterman probably lying again as usual but I could see BHP agreeing to selling a portion of their iron ore in RMB. The only news source I could find claiming BHP has agreed to selling in RMB is SteelOrbis, which in turn cited "market sources and Chinese media"Let's see could be BS, could be legit
>Australia's Queensland state government said on Friday it would run coal power plants at least into the 2040s, reversing a previous plan to pivot rapidly to renewables and in turn making national emissions reduction targets harder to achieve.>The centre-right Liberal National Party won last year's election in Queensland, a huge chunk of land in Australia's northeast where more than 60% of electricity comes from coal-fired plants that are mostly owned by the state.>"The former Labor government's ideological decision to close coal units by 2035, regardless of their condition, is officially abolished," said Queensland Treasurer and Energy Minister David Janetzki, laying out a five-year energy plan.>"Queensland's coal-fired fleet is the youngest in the country and state-owned coal generators will continue to operate for as long as they are needed in the system and supported by the market," he said.Unsuprisingly, previously stated ESG policies are being pushed back. Coal is getting steadily less irrationally hated. Even IEA's previous calls for peak oil demand in 2030 have been walked back. I don't expect either coal or oil to be gone from society in my lifetime, and neither coal demand nor oil demand will peak anytime soon either.
>>23435282australian opposition to all things nuclear is biting them in the ass once again. they have everything they need to be self-sufficient and green.
>>23435301They'll probably become very pro-nuclear in a few years time. Pendulum swinging takes some time but people are social creatures who love to think as a herd. If the trend is supportive of nuclear, even knuckleheaded Krauts and Ozzies will change their tone.
>>23435282interesting
So much for the Japanese economic miracle. I've been predicting in the past few years that Japan is going to take it up the ass economically. They have the worst debt to GDP ratio in the world and they hold the most stinkiest bag of sovereign debts. They used to live in a near zero inflation, near zero growth "miracle" economy. Not possible anymore. Interest rates have to go up or inflation has to go up or both. There is sadly no way out for Japan, and they have set their economy up to fail spectacularly when the eventual global sovereign debt crisis rears its ugly head. No matter how many immigrants they take in to try to plaster over these fundamental problems, they cannot fix this sinking ship.
>>23435331Many will follow japan is one of the wealthier countries that goes down this path firstI believe the rest of the world will follow Japans path
>>23435315ze germans already have following the last elections. australians don't seem to have a political party pulling for it (since they're all owned by coal).
>>23435331>>23435340Why don't people realize the problem is central banking and always was?
>>23435340Japan has very unique circumtances as their economy has been built on constant stimulus, massive leverage, zero growth and low inflation. Japan won't be the first domino to fall most likely but they are in a really bad place. Inflation globally is rising to the point that it is being seen in Japan, and even their central bank has had to start raising interest rates. Damned if they do damned if they don't. The Japanese consumer and economy isn't equipped to deal with stagflation, and the country's portfolio of stinky govt bonds is liable to keep losing its value as the secular government bond bull market is now pivoting into a bear market and potential crash if there is any sign of a failed Treasury auction or dare I say default in the years ahead
>>23435331>>23435340>>23435344>>23435349>>23435362What is the Japanese equivalent of a Merc dime? We should start stacking it
GLD made historical highs in volume yesterday.
We could see a big move today from Silver Storm, which becomes more likely if silver price stays over $50 at market open. If my dry powder balance wasn't $3.83 I'd buy another 5,000 shares at US$0.17, but it's possible I'm not only all-in and broke but retarded too, we'll see in a few hourshttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/433-tsx-venture/svrs/189043-silver-storm-enters-into-us-7-0m-offtake-financing-with-samsung-c-t-for-restart-of-la-parrilla-silver-mine-complex.html
>>23435331
>>23435331All eyes on the carry trade I guess. If/when the rates go up, I suppose God help us all.
>>23435754It has started already. Although their new PM is a woman who seems to be a "run hot" kind of gal, the JPY dipped immediately after her election was confirmed. I suppose that would mean Japan is likely to just print away and let inflation run rampant for the next few years at least before they really have to crank up the rates
>>23435786Will this create a DXY rally which slams our PMs?
Booooooooooooooooooooooooooriiiiiiiiiiiiiing day so far.
>>23435816maybe? I kind of hope DXY will rally a bit because it seems to be correlating positively with crude oil these days. I don't think DXY going up is a real impediment for gold in the greater scheme, might provide a pullback at best.
>>23435816>>23435835Does seem to be trying to hammer in a bottom. You can visibly see the JPY dump lol.
>>23435833Ya, Ive got abounds 25 positions and PSLV is in 3rd leading the charge today
new sentiment indicator just dropped. Yeah I'm thinking we consolidate here.
Did Graeme do something good?
>>23435938no, sellers have no shares left to sell bottom is in
>>23435833perpetua up 10% this thing is fire
>>23436135will unironically go to $100/share.
>silver and gold going opposite directions>still selling is stronger despite ATH
>>23436151what gold price are you assuming there, gary?
>>23436210$4k/oz. PPTA will probably end up trading at a slight premium to the NPV5% too. US insanity premium.
copper is like, what the fuck did I do?
>>2343621010k piece of cake
>>23435393pretty good day on the news considering most of my shitcos are down
>>23436638https://www.thecanadianpressnews.ca/businesswire_press_releases/silver-storm-enters-into-us-7-0m-offtake-financing-with-samsung-c-t-for-restart/article_228062c5-0d98-55d8-993e-17f56b249f48.htmlInterdesting
im not smartI should have just averaged into gdx or any other mining etf since 2021 and I would be up more than I am right now
>>23435331I will save my future japanese wife from this
>>23436844>future japanese wifeget a trad one
>>23435938Sent his money to company account instead of ladyboy parlour?
>>23435248USA will try and interfere I'd think.That's a direct hit to their sphere of influence of dollar.But probably not directlty.
