Mfw markets are closed edition.
>>23723277WAGMI
>>23722030>Schiff never once shilled Schiff.He shills himself the whole time.In case you meant Schiff never shilled Trump he did shill him explicitly, and few months ago he explicitly stated that he feels regret that he was shilling him over Kamala.>Why are you making shit up?Why are you beating your wife with a dragon dildo?>>23722057>Wait lol he's saying he endorsed his election now?For fuck sake he numerous times explicitly stated he rooted for his victory. In his fucking videos. I have no fucking idea why you are calling Schiff explicitly telling viewers that "making shit up". You are showing the bigger level of brain damage than most of hardcore MAGA.>>23722057>He was criticizing him during the election and criticized him his entire first term.Yes and shilling him for presidency at the same time. You can do both at the same time. Shilling Trump over Kamala does not require stating that Trump is godlike and never makes anything wrong. At least that how it works outside of Canada, China and Russia. I'm not sure from which of these countries you really are.
>>23723709>In case you meant Schiff never shilled Trump he did shill him explicitly,He simply stated trump would probably be better than kamala but they're both fucking garbage.I've been listening to Schiff since fucking 2009. I listened to him throughout the entire first trump presidency and he criticized him and his big government policies constantly.>For fuck sake he numerous times explicitly stated he rooted for his victory. In his fucking videosYeah over kamala, as the lesser evil. Then he realized he was wrong.Why would schiff explicitly support a big government, money printer supporting politician like trump?When Biden got elected he said it was a food thing because the collapse would be blamed on left wing economic policy.How he's saying it's bad trump is in office because the collapse will be blamed on "capitalism".>shilling himSaying someone is the lesser of two evils isn't "shilling him".You aren't even making any real points here, pollack.
>>23723760Peter Schiff bodies trump in this video anywayhttps://youtu.be/HRM3yzbqLl8
>>23723373Gonna be interesting to see what happens. They just began mining and first gold should be soon. Seems like there was a bit of drama between them, Nicola and Talisker who ended up going with DSO to China instead. Wasn't really mill capacity for both of them.Blue Lagoon mkt cap circa US$70M. They hope to produce 15koz doing 150tpd which they are limited too with their permit. Even if they do achieve 15koz, with the cost of shipping ore 1000km and toll milling + being a tiny producer I think $1000/oz of FCF ($1500 before tax) is probably a bull case assuming gold at 4k. So that would be $15M net profit for a year or slightly below a P/E of 5. That is mining from the 10+ g/t measured resource though which only has 3 years of mining, indicated is 2 g/t lower. Some of the resource expansion drill holes hit nice values, but a lot of them did not, so the path to a million ounces is certainly speculative.
>>23723808>jewish behavior. Schiff's only political/ societal compass is gold, Sad!
>>23723876$1k/oz FCF definitely is a bull case. I remain unconvinced of Blue Lagoon. Probably fairly valued. I would not pay more than 5x P/E for their mine even if I wanted to own a shitty asset like that to begin with
>>23723876>>23724343I mean even Endeavour fucking Mining doesn't achieve $1k/oz FCF yet. Why would some bumfuck nowhere micro mine without a mineral reserve
I had a dream, I invested 500€ into bayhorse before it pumped
>>23724343>I would not pay more than 5x P/EI wouldn't either. I think there are many way better options.>>23724410That is for YTD though, they should be above 1k/oz at 4k gold. Not doing 1k/oz FCF with gold at 4k is pretty bad honestly, unless there are some extraordinary expenses. Like capex for a new mine for example would skew the measure artificially of course. Not sure if that is happening with EDV, not really that interested in Africa atm, the risk is just inherently higher when you have a population of 70 in people. Even when they are not confiscating the mine, which does not happen often, they will often times keep raising royalties and taxes and squeeze you dry. Tanzania just raised their royalty to 10%. Ghana raised theirs as well earlier this year, I think it's like 10% as well now. Mali obviously raised their take sky high recently. BF is a shit show. With gold at 4k they will just keep getting more and more greedy.
Military coup attempt in Benin "thwarted". The border closure between Benin and Niger has been a significant problem for uranium exports (a direct cause of Arlit's closure and subsequent nationalisation) as they have the only approved port.
>>23723760>Shilling isn't shilling when someone I like shills someone I don't likeCanadian logic
>>23723876>>23724343Valid points, if gold was still $2k I'd be a little worried that Rana doesn't have enough room for error, but in this gold environment I think Lagoon will be fine. I even think 390k Poo Chad will end up doing really well, a little ballsy, but he should have several chances coming to take big profits. I have Lagoon at a 1.4% portfolio poosition because, you have to admit, there is tremendous exploration and meme upside, kek. And if Rana hits anything or gold goes to around $5k nobody can pump like this little poo and create media blitz FOMO
>>23725073You've never listened to anything Schiff had to say, ever lolGo back to your crapto threads on /biz/ and lose more money
>>23725006There are more costs than just AISC that stand between the price of gold and FCF per ounce. Taxes, capital expenses. Endeavour's average AISC for the year is $1,362/oz and realized YTD gold price is $3,221/oz so yeah will of course get above $1k/oz FCF at $4k/oz. No way will Blue Lagoon get $1k/oz FCF though. I'll believe it when I see it>Africa FUDstill literally the best place in the whole world to discover and build good mines quickly, on time and on budget. Better yet these equities tend to be discounted by the fearful market. Do the math if you want, I'll continue investing in Africa because it just makes arithmetic sense
>>23725137>I'll continue investing in Africa because it just makes arithmetic senseBased >BTG and FSM Chad
>>23725137>There are more costs than just AISC that stand between the price of gold and FCF per ounce.Obviously, but I think most are still below 2k all in cost pre tax. Typical FCF margin is probably around a juicy $1500/oz right now.Yes the opportunity to discover and build cheap and quick is good on Africa, but you can't deny the added risk. A lot of producers just got burned big in Mali. Between royalty, tax, and the state's mandatory ownership of a mine I doubt anyone is taking more than $1000/oz out of that country, probably significantly less.
>>23725263Forgive me burger-kun, I didn't know you had game like that>>23725280>Typical FCF margin is probably around a juicy $1500/oz right now.At $4k/oz yeah I think that's on the right track>riskFor sure can't deny that jurisdictional risks have materialized in West Africa. Countries have been ramping up royalties and social spending requirements. Mali has been the most stark example since they also demanded back taxes on top of increasing royalties by 5 percentage points. Security risks are also higher but those have continued to be marginal financially speaking.>Between royalty, tax, and the state's mandatory ownership of a mine I doubt anyone is taking more than $1000/oz out of that country, probably significantly less.We can do the math on that. Their new maximum royalty rate is 10.5%, and corporate tax is 30%. Let's look at Barrick's Loulo-Gounkoto complex since that one is probably the most economic mine in the country. That mine's average cash cost prior to royalty payments in 2024 before it was closed was $691/oz. After royalties (with an average $2,386/oz gold price in 2024), cash cost was $847/oz. The mine's average AISC in 2024 was $1,442/oz, and the total capex was $383M.If we assume that cash costs prior to royalties grow to $1,000/oz (almost +50%) and add on the 10.5% royalty, at $4k/oz the cash cost would be $1,420/oz. If we assume capex will grow to $500M on average annually and Barrick's 80% attributable production will average 500koz (almost -15% compared to 578koz in 2024) — AISC should then be $2,420/oz. Annual depreciation should be about $250M($4,000/oz - $2,420/oz) * 0.7 tax = $1,106/oz, and this is before depreciation which will offset some of the taxes
>>23725446You are not including overhead cost on top of AISC and taking into account Mali's mandatory carried interest in the mine, which I think should be included in any calculation.It may also be hard to calculate because those back taxes they had to pay and others too I believe probably weren't legitimate. I'm guessing they actually paid exactly what they owed. So when will they decide next that they again need to pay "back taxes" or just call it extortion fee.While I haven't followed mining in Africa for that many years, I feel like it was easier back in the day having a longer streak of stable terms where you were allowed to make good money on your mine. Back in the Randgold era.
>>23725014Is selling out of Encore and going into GLO to get my cost basis down to like .55. It’s at .74 since of course I bought right before the flush.Also randomly discovered I have 60k shares of Surge instead of 40k, so now I make/lose $600 cad every cent it moves
>>23725446>Forgive me burger-kun, I didn't know you had game like thatkek, no worries, SNWNGR likes to be underestimated
>>23725531>You are not including overhead cost on top of AISCI added $300/oz or almost +50% to cash costs before royalties>and taking into account Mali's mandatory carried interest in the mineLook again, I did take it into account. I used Barrick's 80% attributable production as the basis for the calculations. I even assumed almost -15% lower production compared to 2024 AND over $100M higher sustaining capexThe back taxes were obviously just bribes yeah. One time slap on the face. Obviously a nasty cost for continuing business there on top of the tighter policies and security risks I agree. But I also think that after these mining codes have been changed we can expect the new code to be honored for a long time. They are also revamping mining codes in other countries like Cote d'Ivoire, and elsewhere in the world too for example in Kazakhstan. It's a global trend we should expect to sweep through many countries imo. In aggregate I still think Africa is a much easier and cheaper place to discover, develop and operate mines compared to the rest of the world
>>23725570idk encore is pretty cheap again after the selloff. glo has way more upside but dependent on no more delays to the financing options. I'm overweight both.
AMC sold most of it's position in Hycroft to Eric Sprott>>23725105No, I hallucinated watching his videos for few years while high on LSD.
get ready
kek
Line go up?
>>23726373Not for nat gas it seems
WE POOMPEENhttps://www.youtube.com/watch?v=0HtyF0jux2Q
>>23726296He will sell at open
Is Trump invading Venezuela going to be bullish or bearish oil?
>>23727393lmao, his Sunday hail-Mary pump on X does smell a little fishy
>>23727452Oil is dead, sell everything. I predicted $60 oil in this very general in 2022 when the price was above 100, but y'all didn't want to listen.
>>23727452>>23727452I think we need aggressive fed cutting so that flows divert out of the US to higher yields elsewhere sending the dollar lower similar to the dotcom fallout. I think the best entry is if USDJPY gets below 140. We gotta watch the bond market.
>>23727591Buy signal
>>23727591oh no, anyways
>>23727695You can count on whoever is succeeded by Powell to be appointed by tariff man. And he will cut rates like a good little government lapdog. Our bags will gigapump
Jesus Christ that EMO board is the biggiest pile of copium I think I’ve seen in one place at once
>>23727744Great opportunity to sell. oil investors are are clearly living in la la land. When the Ukraine war ends and sanctions on Russian oil go away price will fall to $50.
>>23727774almost makes me feel bad for them. I hope they learn a lesson or two>>23727786perma bearishness is not a personality. I would have lost money if I listened to you
>>23727744Now watch the equities all remain flat when the price increases because it's all due to the foreign exchange rates lololol.
>>23727808>I would have lost money if I listened to youHow so? I've always been bullish gold and bearish oil. Gold trade has been much better than oil.
>>23727847oil usually shows up last in the commodity bull.
>>23727808Haha the memes write themselves “how will I financially ever recover from this”Uh maybe don’t put 100% allocation?I mean, it could be worse. They could be invested in Trillion nat gas or something
>>23727856Oil has fundamentally been disrupted by electric cars though, that's the problem. You will read stories about EV demand not rising as fast as expected or whatever, but still every year they are gaining market share and they are becoming cheaper as well. Battery costs have been falling fast. When it is both cheaper to buy an EV or even the same price and cheaper to fuel it, most consumers are going to opt for it.
>>23727815hol up lemme check that>from 1.25 in 2022 to 1.38 today (+10%)>meanwhile Canadian o&g index has gone from 90 to 118 (+31%)looks like exchange rates only account for a third of the performance>>23727847I would have lost money in oil if I listened to you. Hope you didn't short oil stocks. Crude oil may have gone down like you predicted (at $100/bbl not a shocking turn of events) but you underestimated the effects of productivity gains and share buybacks on returns
>>23727919You would have made more money investing in gold stocks instead of oil stocks though. No, I don't short.
>>23727883Absolute statements and commodities don't mesh well. Crude oil is used in a lot of places, Lars, and the world has billions of people who would like to have the same standard of living we enjoy. That entails a lot of oil. Even the IEA has come out with an adjusted oil demand prediction. They used to say peak demand would be in 2030. They pushed that back to 2050 very recently. That's coming from the most permabearish oil institute you can find!
>>23727941I made more money investing in both oil and gold than I would have made foregoing the oil investments. We love margin here.
WTF?I SAID POOMP!NOT DOOMP!
>>23727954The IEA is so consistently wrong its impressive.
>>2372797218 consequent years of understated oil demand predictions strong!
>>23727883Diesel makes the world go round, baby. Batteries depreciate fast. Leasable cars for little girls.
>>23727954>IEA predictionsYea... about those. Completely trash and probably controlled by interested parties because anyone should have been able to predict the rise of solar.I'm not saying oil demand will go to 0, but I'm pretty sure it will start declining, and way earlier than 2050, probably very soon. In general that means price declines, especially considering that many producers have costs far below $60/barrel so there's plenty of room to go lower.
>>23727987>Batteries depreciate fastNot anymore. LFP batteries go for several thousand cycles no problem, so way longer than a gas engine.
>>23727989>I'm not saying oil demand will go to 0, but I'm pretty sure it will start declining, and way earlier than 2050, probably very soon.>source: my asswhen you start sounding like Cathy Wood you know you're way off the chain fren. It's interesting you point to the rise of solar as a supporting argument to your case about oil demand peaking and declining "very soon". Your fundamental mistake is in thinking energy is a zero-sum game. The world needs all the energy it can get. It's likely all current fossil fuel demand forecasts are greatly understated. Forget peak oil, we haven't even reached peal coal yet!
>>23727989We added 600 GW of solar in 2024 btw.
>>23728007>It's interesting you point to the rise of solar as a supporting argument to your case about oil demand peaking and declining "very soon".I brought up the chart only to show how IEA predictions aren't worth the paper they're printed on, so your argument that they pushed out the date for peak oil being bullish is nonsense. If anything it's bearish oil with their track record lol.Like I just wrote, solar additions were 600 GW in 2024. Solar power has risen exponentially for more than a decade and it now the largest new source of electricity generation added each year and it will only keep taking market share because it's the cheapest. In total TWh produced each year solar is of course still way behind others, but will catch up quickly as capacity is added that will run for 30+ years.Coal will get replaced as well rather soon probably, it's just way more expensive than solar. Also storage of course has made solar power more expensive, but batteries are also quickly falling in price which adds to solars plummeting total levelized cost of energy.
>>23728035How anyone could look at pic related and doubt that solar is quickly going to dominate energy is beyond me. This was obvious 10 years ago honestly. Cost of solar was going down quickly every year while other sources of energy was only getting more expensive.
>>23728035I just pointed out that even the bearest of bears concedes that oil demand will grow into 2050. Given their history we will likely witness the actual demand far outpace their squeemish prediction though>solarFor sure impressive growth in solar capacity! The amount of solar energy being consumed has basically been exponential. But like I said, it just isn't a zero-sum game. Solar, wind, fossil fuels, hydro, nuclear and others are not fighting over a stagnant market. No, we're consoooming more and more energy all the time.Here's a good chart for you: https://ourworldindata.org/grapher/global-energy-consumption-sourceI have zoomed into the 2020-2024 range in pic related, which is arguably very flattering for solar. Solar consumption has grown by 3,033.83TWh in this four year time frame. Impressive! But wait hold on, what! Coal consumption grew by 3,534.22TWh in the same time frame. So while solar has definitely captured relatively more market share and grown relatively more, even the archaic coal has grown on par with it. Gas a bit less, about 2,500TWh, oil much more but that probably has a lot more to do with covid messing up the data. The point is that total global energy demand growth is too great for any major source of energy to peak or decline. I bet we will see all forms of energy consumption trend up in lockstep
>1960: oil will rise and coal demand will peak and decline!>1970: natgas will rise and coal and oil demand will peak an decline!>1980: nuclear will rise and all fossil fuel demand will peak and decline!>2020: renewables will rise and fossil fuels will peak and decline!
Dang they going for a kill shot, won’t work
>>23728216Bond yields are rising while USDJPY and PM's are falling. Deleveraging?
>>23728166In much of the world, solar is already cheaper than coal and will keep increasing that delta moving forward as it's a technology with a learning curve. The only reason solar hasn't eaten coal's lunch yet is because there has been a production capacity bottleneck. I'm focusing on coal here as it's more expensive than gas, so it will be the first one to go. Gas can be very cheap as well and will fare way better than coal.But clearly solar has reached a critical level now and is starting to really take off in TWh production. I can almost guarantee that coal will start declining very significantly very soon. Just wait and see. You can look up the metric LCOE for different energy sources for reference.
>>23728239I think you're wildly overestimating substitution effects.
>>23727987Rudolph Diesel called it. He said we would try everything else and eventually return to diesel.
>>23728255How'd he die though? Did he defect to the Brits and spend the rest of his life in Canada under an assumed name? Or was he murdered?
>>23728259He had evidence that would lead to the prosecution of Hillary Clinton.
>>23728252Nah, electricity is a commodity, people and businesses are going to choose the cheapest form.Very soon solar will be adding several TWh of production every year, there simply won't be enough total demand increase to soak all that added production up and the highest cost competitor will start to lose market share.
>>23728239Seaborne natgas (LNG) and coal actually compete pretty tightly. Asian countries with access to coal are very price sensitive on LNG. Local natgas markets in places with developed infra and vast resources (Russia, US, Canada) tend to have extemely cheap gas though.Solar is also local. It makes sense to build a lot of solar in Saudi Arabia, no wonder they are doing exactly that by the way. Not a lot of sense to build solar in Canada. The IRR on a solar plant in the wrong place is too low to justify investment. Big reason why many offshore wind projects have been cancelled in the current higher interest rate world is low IRR and high capex btw. Another issue with solar and wind which ties into the IRR problem is that they produce the most during the day and the least during the night which means baseload is still needed to cover them, and that they never reach anywhere close to full capacity utilization rate. The energy producer also needs to get paid you know... No wonder electricity prices rise alongside renewables' share in grids
>>23728239>>23728472But yeah it's really hard to compete against natgas in the places where you don't need to import it by sea. Solar+batteries is one of the most expensive forms of energy currently... Batteries hopefully coming in clutch with cheaper and better designs to help out
>>23728472When I said natural gas can be very cheap I meant cheap local gas, LNG is also going to have a hard time along with coal.Regarding solar, most people in the world live where there is plenty of sun, so that's not really a big issue. Even if conditions aren't optimal solar is still becoming very cheap actually. I think both Europe and the US have put pretty high tariffs on Chinese panels though (where most is produced), so this could delay adoption by a bit.Look at those costs in my pic. 10c/W is insanity and substituting silver with copper is going to take it even lower. Say it's 50c/watt fully installed. 1Wp will produce between 1 and 2kwh/y depending on externalities for 30 years. O&M costs are minimal. That is like 2c/kwh, very hard to beat and becoming cheaper every year.Battery storage is down to like $100/kwh installed in china. Say it's good for 3000 cycles and it's only 3.3c/kwh stored + some O&M, say half the solar power generated needs to get stored for later use and it's 1.65c/kwh for storage + O&M. That's like 4 or let's even say 5c/kwh for solar + storage balancing the grid and it's only getting cheaper.
>>23728571>Solar+batteries is one of the most expensive forms of energy currentlyYou always have to check the year those reports were made because costs are dropping fast. Battery storage just fell 20-30% YoY according to grok due to overcapacity.
>>23728596>>23728626the image I shared came from a report made like a month ago so yeah >>23728596>>23728626the image I shared came from a report made like a month ago so yeah quite recent. Even with battery technology improvements I don't think solar can outcompete natgas in the USA. Maybe in 2050 when resource realities look different for natgas... for now we will continue to see data centers contract more and more gas turbines though. They will likely shift to solar generation over a longer time frame.
broes... is it happening? Is Venezuela going to get a dose of liberty and democracy?
>>23728689Do Exxon-Mobile mercenaries get coke rations and big-booty latinas?
>>23728689Couldn't be me
>>23728695don't forget the stock options and a cushy retirement package! No doubt they cooperate with the CIA black ops they can also take a child slave home with them, if they're into that
>>23728626I heard on one Decouple pod episode that the US govt spent like $15 billion on battery storage and only built like 0.0001% of annual US TWh capacity, not a good ROI unless it’s heavily subsidized.Of course the chemistry is changing, this may have been with older nickel-based tech.
I tracked down the episode “The Story of Storage” from 08/08/22. Transcript:>The total global storage of underground natural gas is about 4,000 terawatt hours of energy, which ends up being approximately like something like 2,000 to 2,500 terawatt hours of electricity.That's compared with a bigEuropean country needing 500 terawatt hours.>A French nuclear fleet (EDF) operated in everybody get ready for winter mode with about 45 to 50 terawatt hours of electricity being provided. And it compares with the total USA gridconnected battery capacity that we spent, what? 10, 15 $20 billion on of about 0.02 terawatt hours or 20 gigawatt hours.https://podcasts.apple.com/ca/podcast/decouple/id1516526694?i=1000575439952
>>23729036>>23729009I don't know what has been spent on what in the past, but like I've discussed prices have come down drastically. What costs are today and in the future is what matters.Check my post here >>23728596Cost of storage is down to a few cents per kwh in China (soon to be the same in the west), maybe several cents if you add some financing cost. But battery prices are falling very fast as we're still relatively early in the learning curve. When we scale up salt batteries I think cost will come down to 1-2c/kwh. Solar energy excl battery storage is quickly moving towards 1c/kwh. Other existing tech or fossil fuels simply can't compete with these numbers except perhaps natural gas in some instances.Solar will become the biggest source of energy within circa 10 years.
I don't think solar will ever be dominant here when we get 3 hours of clear skies a week during 4 months a year, and under-investment in maintaining grid infrastructure is considered sensible policy. The amount of overcapacity and storage you have to build to meet actual demand is outrageous. It's a brilliant supplementary source but for baseload power the future is nuclear (buy my bags) and you still want efficient on-demand generation from burning stuff. The cheapest and least complex grid to maintain uses mixed sources to their natural strengths.
What do you guys think of leveraged gold miner etfs like CGMU?I want to get into something like that for the next leg of the bull run.
We are so fucking early and already have a lot of money to play with.Every anon in this thread will make it.
>>23729756WAGMIand Hecla Bros just got an early Christmas presenthttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1104-nyse/hl/192878-hecla-mining-company-to-join-s-p-midcap-400-index.html
>>23729296Maybe not, but then again you could also just import solar energy from France/Spain. Either through a connected grid or hydrogen produced from solar.
>>23730180we can't keep overpaying for imported french electricity, it has crippled the country. better to pay them to build nuclear reactors so they can overcharge us for british electricity.
EMOtards ngmi
Finbro right again, shitstorm confirmed
>>23730206>>23730227jesus christI feel so bad for them
IT'S HAPPENINGhttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1934-tsx-venture/bhs/192926-bayhorse-silver-reports-99-plus-percent-selective-antimony-leaching-results-from-the-silver-copper-antimony-and-zinc-concentrate-from-its-bayhorse-silver-mine.html
Wew nat gas bros, KOLD morning
Its over
>>23730278It's only just begun
>>23730206>>23730227hate to see it. The prevalence of hopium in the channel is proof that this selloff will last quite some time
>>23730302yep, tax loss selling over the next few weeks could be brutal for EMOtards
>>23730289
rip bozos
Will we crab for 3 months?
>>23730394>>23730345something will happen in 2 days fed meeting
>>23730227ouch
Scottie news, up 7% today
Smart sand up 2x this month. I sat on that shit from late 22- late 24......sideways the whole time. And I bought more on the way down, like a retard
>>23730206>>23730227Big rip
Talk to me about silver miners, /cmmg/. What are the good ones? I keep seeing bayhorse memes but I don't know enough about them to know if I should dump my money into them.
>>23731013
>>23731013>>23731013HL
>>23731061>>23731054Looks like it already mooned. Does it have room to run?
>>23731089Yes! Unless silver price crashes, which seems unlikely thanks to China. Hecla's Q4 earnings should be released around Feb 11 and will be even better than their record revenue and record FCF in Q2 & Q3 with avg silver sold price up around $10/oz for Q4
>>23731013>>23731089All the "good" silver stocks (oxymoron) have already "mooned". They can all go up more so long as the bull market alloes, as is always the case in bull markets. Every single stock that is at or near its lows is without exception a shitco
>>23731089WAGMI
To be fair, you have to have a very high IQ to understand Bayhorse Silver. The technical reports are extremely subtle, and without a solid grasp of geology most of the assays will go over a typical investor's head. There's also Graeme's optimistic outlook, which is deftly woven into his characterisation - his personal business draws heavily from historical records, for instance. The holders understand this stuff; they have the intellectual capacity to truly appreciate the depths of this mine, to realize that they're not just bonanza grade- they say something deep about the economic system. As a consequence people who dislike Bayhorse Silver truly ARE idiots- of course they wouldn't appreciate, for instance, the humour in Graeme's existencial catchphrase "2 more weeks," which itself is a cryptic reference to when Graeme's mansion will be built. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Bayhorse's three PhD geologist genius unfolds itself on /biz/. What fools... how I pity them. And yes by the way, I DO have a Bayhorse Silver tattoo. And no, you cannot see it. It's for the ladies' eyes only- And even they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.
>>23730273I just want trican to fill the gap already.
>>23731413I might still open a cheeky position in it just for shits and giggles
Wtf was that end of day dump?
>>23730273
>>23731650You think natural gas traders make sacrificial offerings to weather gods?
>>23731697The natural gas traders ARE the sacrifice
>>23731697Yeah....You guys are still reading charts?
>>23732658I was under the impression of following either Punxsutawney Phil or a native fellah one pays to be a shaman and predict weather patterns. Either or. To each their own.
>>23732658>>23732699Though perhaps one could raid the headquarters of the Old Farmer's Almanac in Dublin, New Hampshire. I hear they keep their weather model, developed 2 centuries ago in a secretive black box under lock and key.
I'm going to be so unbelievably rich.What the actual fuck?Are we really in a massive giga bull run like in the 70s?https://www.youtube.com/watch?v=N11Nolow8jg
>>23733237>70sBro, just wait 10 years for an 8x
>>23731013I wouldn’t say are “good” companies, but GSVR and IPT are quite leveraged to silver price and will moon harder than most. They will drop like rocks if we go below $40 again. Look in copper and uranium too
>>23733273I'm already up 6x on the year
nice fucking volatility, kurwa
lmao
https://www.youtube.com/watch?v=x4z5mgMMxms
>>23734480>Ai altered contentAin't clickin' that shit
Ahoy Mateyshttps://www.youtube.com/watch?v=R0qMbpudpF0
>>23734492not gonna lie marketing is top notch, but what about quality of product being sold? I want to see data not pirate wenches.
>>23734500They have some big gold intercepts from when they were Sokoman and I expect the new Pirate Gold team to do better. But it is a shitco so if anyone buys it would probably be prudent to sell some back when it pumps on news and keep position size to double-A milker size and not double-D https://www.sokomanmineralscorp.com/new/sokoman-iron-cuts-2490-m-of-3356-gt-au-at-eastern-trend-nl
>>23734543data where?
>>23734553https://www.sokomanmineralscorp.com/>newsroom
This guy who shorted EMO said they never had a chance.https://youtu.be/-1jPUB7gRyg?si=ZX64Rij828G4IJ1y
USA Peso haven\t been this cheap in Polish Pesosince 2018.
>>23734639You should do what the Germans did and join the Euro so your manufacturing exports get artificially boosted at the expense of most of Europe.
Fellas? $60 silber today?
>>23734655we are literally a dozen cents away from it
>>23734655Well we just had a nice break out of this morning range to the upside. I was stopped out in the fake out then took profits a bit later on. Of course I went to take a piss while it hit TP, otherwise I would’ve let it ride. In trading it’s good to have rigid stop-loss rules, but for the winners a lot of the time the biggest edge you can get in your profit factor is letting your winners ride and just leaving a trailing stop. In this case, it’s the difference between $500 and $1200 profits.
>several miners still not athlmao
>>23734662>>23734662A oz of silver now costs more than a barrel of oil.
Kek>>23734663Yikes>>23734655Maybe
>>23734664Yup $60 futures :)
~4 cents to 60/Oz
>>23734663shitcos, not even once>>23734664something something ratio
>>23734671>sad Keith Neumayer voicesBTW how the fuck long can dispute with Mexico last, even GreenX Metals case been finished in a meantime.
>>23734671USDJPY going up, industrial commodities down, precious metals up. If the fed cuts, are we getting the supercycle?
closest spot went to 60 was about 3 cents below on my chart
>>23734674if FED cuts what would be your investment if not commodities?
Is Hecla doing ATH? Pan American Silver is and that's about all from these on major stock exchanges
OK, spot went above 60/Oz
Where is that promised stampede into miners? XDDon't worry, I can wait.
OK, 60.35 US Pesos / Oz
60.45 reachedthe rocket fuel is blazing
LADIES AND GENTELMEN IMAGINE THE INTENSE AROMA OF SWEATY SHIRTS AND SOCKS IN OFFICES OF TRADING DESKS SHORT SILVER CONTRACTSTHE RICH SYMPHONY OF SALTY FLUID AND SKIN OIL
60.50/Oz ReAcHeEeEeEeEeEeeeeeEEEEEDDD!!!!!111111111111111111133769420BlazeItRocketFuelBLAZEIT!!!!!!!
>>23734673Neumeyer will keep his autistic feud with Mexico until he gets offed by some cartel probably>>23734674USD/JPY probably not the carry trade anymore. JPY dumping against everything, their new PM makes sure to inflate up the wazoo. Long EM short USD or JPY is probably the new carry trade
Imma sell at 61 so I can buy back in when it hits $40 in april
We are so back
Dang I got a $4 CAD limit sell on EU and it keeps blueballing on 3.95-99.I just wanna shovel more into GLO, but man some of the usual suspect silver shitcos are really temping
>>23734729My IRA is still off its highs
>>23734750Im crabbing at all time highs
>3 dollar move on the daySilver is unstoppable
JOLTS job openings comes in above expected (7.66M vs 7.14M), unchanged month over month.The JOLTs numbers are now in line with pre-pandemic figures from 2018-19. Reached a high of 11.5M in May 2022, suggesting labor market tightness. However when we look ISM services PMI in that period has nosedived from 57 to 52.4, which is nearly a decade low. So basically my limited understand leads me to think the low JOLTS number is due to lack of jobs due to layoffs, as opposed to higher labour participation.TLDR; buy miners
>>23734776>TLDR; buy minersAll in. :)
What do miners and job numbers have to do with each other?
>>23731013>>23731185
>>23734776The quit rate declined. People are holding on to jobs.
uh oh
American auto insurance claims are also down 9% as of July (latest data), this is despite increasing mileage driven according to US federal hwy Admin. This reflects tightened budgets that are forcing lower class Americans to ride without insurance. This according to CCC Intelligence Solutions.Gallop poll mid-season Christmas update also finds Americans are cutting spending plans, from $1050 last year to $750 avg now. Troubling.
>>23734805Mass deportations are working
>>23733237https://www.youtube.com/watch?v=N11Nolow8jg
>>23734837yeah that's literally the same video I posted
>>23734820How does lower individual spending correlate with that? The lack of easily accessible and furnished cheap foreign slaves?
>>23734805The dollar just seems overvalued due to global liquidity shortages. I think its only a matter of time.
>>23734848Less illegals here means less spending More illegals means more spending
>>23734719Would it make him>First Silver Miner CEO Martyror there were other silver mining CEOs offed by cartels?
>>23734894It’s quite convenient how many junk loans were given to them to buy shit. I don’t know about the US but from what I’ve observed the masses of imported foreigners all have expensive condos and SUVs which they shouldn’t be able to afford. They had to be given credit for a reason. Perhaps it was all to keep the banking system liquid so they could continue dealing sovereign debt while keeping downward pressure on wages to prevent consumer inflation?
>>23734842SOME THINGS WARRANT A REPOST
>>23734951You're right.Keep posting milkers!
>>23734776>>23734792uh oh Powell cut cut cut quick
>>23735064You think he's still chickenshit about blowing out the long end? Will we get another "hawkish cut"
>>23735022You asked and we will deliver
>>23735022
Pretty big divergence between copper and silver futures today, and that’s before silver even launched
>>23735088I think he will drag his feet as long as possible. Trump's plant will be gigadovish
>>23735132
>>23735022CHECKED>>23735132BASED
ABRA new ATHsEMO getting a favourable bounce here too, it will fade
How do I invest in guzzoline futures
>>23735290WAGMI
>>23735282>>23735274CAN'T STOPWONT STOP
>>23735323
Is Coeur mining a decent pickup at this point. Was trading around 22 in October and now 16. Bad buyout of new gold, or Mexico issues?
GPGbroes..
JPM down. Now how much of that $100b in REPO money from the Fed last week went on their balance sheet? Could it be related to silver?
>>23735449Somehow I doubt JPM is structurally in a poor spot re:silver. If they were, they likely already reduced their risk after the (((technical issue))) at Comex. These guys don't lose. JPM is bullish gold btw
>Collective Mining Significantly Expands the Apollo System to the North by up to 450 Metres Through Multiple Broad Intercepts Representing a New Hanging Wall Vein Zone CNL-broes... our tier 1 discovery keeps discovering
not a good day for JPM silver shorting fags
jpm are short themselves
>>23735515>>23735696>>23735711But what is the JPM to silver ratio right now? Unironically
>>23735736this ratio meme needs to die NOW
>>23735764Pushups per burger?
>>23735315how many of Don's super-pump shitcos do you have?have 2>Silver Storm>Guanajuato
The new trump economic block is taking shape nicely >Yanked rare earths from Brazil days before EU deal was to get inkedYou love to see ithttps://x.com/Geiger_Capital/status/1998420177822834858?t=u5Vg5Bg5JWKBb2pkDGHafw&s=19
>>23736324Are they talking about BRE, ARA or MEI here?
>>23736036Only 1, S.S.
>>23736324>>23736359oh shit they must be talking about ARA
>>23736036I have 60k GSVR, damn SCZ was actually a nice buy at $2 (Ofc I didn’t buy)
>>23736373This is the Paul Bear Bryant recruiting tool applied to geopolitics.....and trade.Just buy up every potential countries ree and hold them so nobody else can have them. As long as the competition can't have them or has to pay more/work harder to have them, that's a win.
$61
>>23736508
>>23736508>>23736788WAGMI
>>23736508>>23736788>>23736819$63 soon
Silver is up 3% in the past 24hrs, nuts
>>23737144I hope the market doesnt do something retarded as a reaction to the fed meeting tomorrow
Everyone called this fast price action in sliver but im ngl, rhis feels too fast, wont it crash down again soon? Atleast gold did it a bit slower
>>23737696Silver hasn't made any type of move relative to gold
>>23737768Yea, looking at the gold silver ratio silver still has room to catch up
>>23737309cut and metals climb, right?
