Thread 23229839

Gold ATH edition. /CMMG/ predicted this.

>>23229839 (OP)
Silver has to start outperforming

>>23229912
It did outperform pretty well recently. Too bad a lot of the miners barely make any money even at 40.

>>23229912
owning gold has been so much more carefree than owning silver ever was. Even if I ended up making more money with silver in the end, it's just not worth the stress. Because we all know silver is the degenerate swingoid metal that will end up crashing back down when this bull market is done with.

>>23229839 (OP)
I envy the people that were old enough to buy gold back when it was like $400/oz

>>23229938
I mean I guess you're right, but if i were American (Fuck VAT on silver literally paying 50% premium to spot to buy silver here), I would have a monster box of silver under the bed.

>>23229948
>I envy the people that were old enough to buy gold back when it was like $400/oz
So boomers... We all envy them.

>>23229948
you would have done sooo much better just buying the US stock market though. SP500 was a mere 110 in 1980 when gold was around $400. SP500 today is over 6,400! Though gold and related equities have had periods of obvious outperformance.

>>23229993
>you would have done sooo much better just buying the US stock market though.
Yeah, but in boomer times whatever you bought you won. Gold? Win. Stocks? Win. Real estate? WIn, You just can't lose, only those hoarding cash lost

>>23229989
true but hey we can settle for just beating out contemporaries in investment returns. The game is much harder now but it's still winnable.

>>23230002
lol even the boomers who hoarded cash did well I think. The pay was so much better relative to cost of living that even the most retarded boomer made out of life like a bandit, and is still fortunate enough to get a pension

>>23229989
Most of the people buying gold back then would have lived through the depression and done so through their mistrust of banks. Most of the boomers would have sold it off when they inherited it.

I’m cumming on a gold sovereign tonight, maybe the cock, to celebrate

>>23229983
yeah the volatility is one this but the VAT + jewpremiums basically just kill silver as an investment for me.

>>23229993
I was talking more about circa 2001, but I guess gold did spike in 1980. I'm aware that the stock market generally outperforms gold and silver, but you can't exactly hold your S&P 500 index fund holdings the way you can hold a gold bar

>>23230039
>>23229993
You’re thinking about it wrong. This is all a reflection of currency devaluation. It’s just placing bets on scarce things that will have the most demand (most liquidity flowing in).

we're flat

>>23230011
>lol even the boomers who hoarded cash did well I think.
Checked, guess you're right, plus interest rates were like 20% back then, so you could actually save,

>>23230039
true and I do like having physical gold
>>23230060
correct, but some things perform better than others inflation notwithstanding

>>23230026
Back when silver was like $20 I had to pay like $40 to buy it, because of VAT and premiums. Shan't be doing that.

>>23230060
>You’re thinking about it wrong. This is all a reflection of currency devaluation.
Yeah, I mean don't we all here make more money by speculation on mining stocks and stocks in general, probably gaining more than we could ever with our IRL jobs/skills. Personally sitting on 2 years worth of salaries on profit. Kind of funny when you think about it. Working isn't worth it anymore at some point, unless you enjoy the job. Taxes are just way too high these days, the government takes 40% of my shit.

>>23230406
Yeah, I quit a decent job couple of weeks ago because of this same thinking. I want to enjoy this last year of what I think will be normalcy. And I think it’s dumb to think you shouldn’t do large time off if you’re responsible with money. Americans all seem to think it’s weird to take a year off before you’re 65.

>>23230406
A day job is totally necessary when building savings from the ground up for sure though. You need some baseline savings from which to compound. Big difference to gains depending on where you start. Doubling a thousand bucks doesn't mean jack. Doubling ten thousand starts to matter a bit. Doubling one hundred thousand dollars is already multiple years' worth of work for a poorfag working a low wage job (especially if you live in a shithole with low wages)

I think I'm actually grateful that we had multiple years of bear markets in gold miners. Beyond learning about the sector and becoming more sophisticated it allowed me to gather more savings which now matters a lot for my current bottom line. And compounding means making money will only get easier from here

>>23230433
>A day job is totally necessary when building savings from the ground up for sure though.
Yeah, but you reach a point when your day job increases your net worth by 0.1%. Some days i make more profit in a day, than i get paid for the month. Idk seems unreal to me, like something must be really really wrong, for things to be this way. And it keeps getting worse/better every year depending on if you're invested in the markets on not.

>>23230431
>Americans all seem to think it’s weird to take a year off before you’re 65.
Same train of though here, work till retirement never stop. Just slave away even when you stop enjoying the work.

Speaking of making money, everything is sky high (including gold), and bond yields are about to break out to new ATHs. Idk i just feel like 6% yields will cause some issues for the markets. It's just way too high, with inflation cooling off. Long term bonds could be a contrarian play soon for a nice 30-40% gain. Thought on this?

Bonds are a bloodbath, and for a good reason, central banks have been suppressing the rates for too long. But most central banks have paused the open purchase of bonds (some doing soft QE). This is causing rates to return to more reasonable levels. And of course like all markets they overshoot to the upside and the downside. Idk am I stupid for thinking there's going to be a big bounce in fixed income securities particularly US/EU long term government debt?

>>23230480
I don’t know shit about bonds but it’s starting to look hairy enough that central banks might intervene, which would probably be good for contrarian plays, because they generally make things more clownish

>>23230508
I mean I ain't buying gold at $3.5k that's for sure. There are some value plays in the US market, but most of it is in LaLa Land, and bonds have been in a bloodbath bear market since 2020, and a 6% "risk free" isn't sounding too bad, considering you're getting the bonds for a 40-60% discount.

>>23230519
Yeah that makes sense. You saying you would outright buy a 10-year? I try to imagine what things were like 10 years ago and what it’s like now, and I can’t commit to locking up my money in something that long at a fixed rate. Shit can go super clown in a mere 10 years

>>23230508
UK 30y GILTs at 5.69%. Eurobonds moving higher, Treasuries looking like they're going to break above 5%. Yeah, shits about to get real if CBs don't start buying this debt the economy will spiral into a shittornado, turning into a shitstorm soon thereafter. Imagine a 8-10% mortgage with inflation at 3%. Idk maybe I'm just schizo.
https://www.youtube.com/watch?v=56G4c9FEvZQ

>>23230560
I’ll see you in the citadel

>>23230539
I mean you don't really "lock" in your money for 10y, this shit is as liquid as diarrhea. You can buy it at open sell it at close. I think the economy slows down with a 6% "risk free" rate. Consumer debt is going looking good, at least not until central banks start buying the debt again.

>>23230539
>>23230586
Oops, looks like i deleted half the sentence by accident. What I meant to say with the risk free at 6% mortgage debt is going to be at like 8-9% and consumer debt at +10%. All that with an inflation rate of 3-4%. It ain't looking good for the economy. Maybe I'm just schizo.

>>23230708
No you’re seeing clear. I am just thinking that this is going to call on new “tools” that are pure clown. I think gold is late in sniffing it out too

>>23230894
>I think gold is late in sniffing it out too
Gold is literally pricing in the next QE right now. Once the economy shits itself, and they announce QE, gold will probably peak soon there after. Why? Because it means inflation and that means interest rates are going higher.

And QE means endless liquidity for the bond markets, we are probably going to see bonds going up 10% on the week. If what I'm thinking happens actually happens.

Could capital flight into USD for liquidity with these rising euro yields damper the price action for gold in USD terms? As long as Japanese and Euro yields outpace US ones this is possible, no?

>>23228439
Jari, I will need /CMMG to help me pump the optionee. I am flexible with regards to partial payment in shares, so if Rana, Graeme or Keith come knocking, then we need to support them.
I have over 2,000 leads that I'll spend the next months pursuing. I can imagine some Australian shitco agreeing to my terms.
This is still developing, but I'm closing my BLLG short and focusing 100% on this when I get home. I'm fukken stoked to be doing this. I was out here in May, 2013, when the POG tanked and essentially ruined my plans. Now, it's the opposite.
>>23228526
I'm the optioner.

why is this thread here instead of biz?

>>23232196
/biz/ jannies are gay and they tried to do that email verification thing back then so we came here

>>23230396
you just have to buy it under the table. I can't say that I have ever bought silver without paying the proper taxes, but maybe buy some old Monkedonian (yugoslav) silver. I think most countries don't charge full taxes for defunct currency.

>>23230453
Of course, my point was more about why having a job is important when you're starting off. A millionaire doesn't need to work because he's a millionaire. But we're not millionaires so we work and it's the right financial decision. I'll continue waging until I have enough savings to comfortably retire and then some.

>>23230480
Gilts (UK bonds) might be a good contrarian play. They seem super oversold.

>>23232196
Jews

>>23232207
They stopped that shit a long time ago and everyone went back there

>>23232144
What have I missed? Shortbro is a miner CEO like Graeme, only in NV? Does he have the white cowboy hat?

>>23232920
As you can see the last bear has turned into a bull. The top is in.

>>23232882
>everyone
Clearly not since we're still here
Maybe we'll go back and shill our bags on the rest of them once we're closer to the top

>Collective Mining Announces a New Greenfield Silver Discovery at the X Target by Intercepting 12.85 Metres at 503 g/t Silver Equivalent
CNL is the gift that keeps giving

>>23230453
Yeah I have days when my portfolio swings 10k. Really demotivates you from working.

Another day, another green candle.

41 silver reached

>>23232965
>turned into a bull
Like I've said, Jari, the best way to make money in this sector is by selling. My new venture is merely an extension.

For the past month I've been beaten by the fucking GDXJ.
So annoying.
Gold goes up and my miners either barely move or dump

>>23233001
>Clearly not since we're still here
It's literally only us.
/pmg/ /smg/ are all back there.

/biz/ yearns for commodity stocks yet we refuse to make our presence known

>>23233647
Make a thread there and I'll shit in it

>>23233643
which miners do you have if you're losing to the junior index

>>23233657
I'm too lazy LOL

whoever makes it, it should include the old copypasta for OP

>>23233647
/smg/ is here on /bizant/ium though but feel free to go back go /cuckbiz/ if you want

>>23233660
FMAN
STA
Snowline(went down slightly today and I threw a temper tantrum)

>>23233647
not going back

>>23233663
>but feel free to go back go /cuckbiz/
Its all the same website, it's just that board has more traffic for investing related shit
Also Bant /smg/ is 90% porn, 10% stock discussion.

>>23233669
Suit yourself
I just wish these threads were faster with more discussion

Meanwhile silver is still rising

>>23233539
>I only bought to sell higher
this is literally the long side thesis. Welcome to the bull camp!

Do you jerk off?

AhahajahahahahahahajaaaahhahahajahahAHAHAHA Is this a one of shorties? Where de fuck did KITCO took this moron from? Just look at his face, he looks so damn scared it's insane.
https://www.youtube.com/watch?v=FEGjfgWnqXg

>>23233700
I do it by candle light now since I entered a new social class

>>23233731
Do you have a silk tissue too?

>>23233724
Not gonna watch and he looks like a nerd but at least the title is true, silver is in good supply and isn't a critical metal tbqh
>>23233668
>FMAN
>STA
never heard of these shitcos and I follow the sector pretty broadly

>>23233742
He also claims that interest rates have zero influence on gold price in USD

>>23233746
so he's both a nerd and a retard. Most people are not worth listening especially in this sector.

>SIL up 2.6%
>$AG in the red

>>23233742
>never heard of these shitcos and I follow the sector pretty broadly
Okay then. I think they're going to do well. >>23233805
Why does this happen? So weird?
Who tf is selling when the base metals are pumping this much?

>>23233880
>why this happens
1. It grew in recent days
2. It suits shorties
3. It's still not liked by majority

>>23233880
>>23233913
4. it's a shitco

Thoughts on Coeur?

>>23232144
Exciting venture you have going on, hopefully you can get someone to option it that would be pretty cool. Do you have any details on the work done on the property? why do you think it's good?

>>23233920
Should be a fine pick. One of the bigger silver producers. I rode Silvercrest for a bit but sold before Coeur bought them out, I thought that they paid a very full price for the company. The silver mine Silvercrest owned had some uncertainties with the reserves and I'm not super up to date with how that whole issue resolved. The issue was low reserve life and potential downward revision to the mineral reserves. If you want to buy Coeur shares I recommend checking out news related to that mine to see whether there's been news about the reserves there. It's otherwise a great high grade silver mine. Don't know about their other mines or projects.

>>23233647
/biz/ threads are low IQ. Literally r*ddit teer shit.

>>23234253
The really good part about moving here is that we don't have to endure crypto shills and retards asking to be spoonfed

>>23233920
>>23234061
What in the hell?

HERE IT COMES!

>>23233668
>Snowline
will outperform once the PP closes tomorrow and they likely have some killer assays teed up for release going into Beaver Creek

>>23233683
Based! Shortbro has joined us!

>>23233647
/pmg/ is a cult of the shinies thread
Nothing against physical but at some point it's just not healthy

>>23234632
Just Coeur lore

>>23234969
/pmg/ are brain dead morons who buy gold because they think owning gold would outperform inflation yet they don't buy miners because they claim miners won't outperform inflation by owning huge amounts of gold. Don't ask me how the fuck they don't see contradiction in their stance.

BTW remember that CFD exists in Europe and that brokers who offer it are literally the casino owners.

>>23234997
It's kind of a cult really.
We're going to make far more money than them.
I can see boomers buying rocks to protect against inflation and make a reasonable gain, but imagine being a zoomer and missing this generational wealth.

>>23234731
major sell signal
>>23234997
the /pmg/ stance stems from the average /pmg/nigger being dumb as rocks. They're literally the Grug from the meme. Most of these guys got on board the pump in junior miner shitcos back in 2020 when the Silver Jew was at the helm, then got brutally dumped on. As a result a lot of the /pmg/ dwellers started taking a hardline stance against all mining stocks. Which isn't that bad of a choice for retards who don't know or care enough to do proper due dilligence. They'd just lose their money again because they would once again buy the shittiest pump & dump scams. They are dumb money so it's smart of them to do something relatively foolproof with their capital.

>>23235122
>major sell signal
Why? CNBC talks about tech stocks all of the time and they've risen for over a decade.
This bull run is going to last a long time.

>>23235134
just the classic MSM contra meme. I only meant it tongue in cheek for now but I do honestly think that the more gold and gold miners become popular as a trade the more important it will be to take profits. Nobody talked about gold the last few years, that was a buy signal. When I start seeing "gold this, gold that" on mainstream media I start getting worried on instinct.

Another classic sell signal is when you start seeing ads everywhere saying "We are buying your gold/jewelry!"

>>23235161
OK, Rick Rule
You take profits and do what?
You think trade ends this winter if gold gets on TV more often?

>>23233735
No that’s a good idea

>>23235217
>You take profits and do what?
buy something else duh.
>You think trade ends this winter if gold gets on TV more often?
no

>>23234997
>>23235122
so what causes mining stocks to go up in price/value? I presume they track with increased demand and higher prices.

Also, any recommendations for mining company stocks?

>>23235532
>so what causes mining stocks to go up in price/value?
underlying commodity prices, company-specific results and news, and market sentiment. Right now it's party for everybody since the gold price is sustainably higher than ever before, earnings results and project fundamentals are better than ever before, and sentiment is finally beginning to catch up with the market realities.

>recommendations
if you don't know what you're doing why not just buy the gold or silver miner index? I guess if you need to hear a few recommendations, some of the lower risk ones I like and feel comfortable recommending are Northern Star, Agnico Eagle, Eldorado Gold and Pan American Silver. If you like copper, check out Rio Tinto and Ivanhoe Mines. I don't like giving recommendations though since I would feel bad if something went wrong and you didn't know whether it's time to sell or buy more. Not something I want on my conscience.

>>23230453
I know the feeling, I’ve made like 30k since Aug 20th on shitcos, and yet make like $140 after tax per day.

Shit sucks and I’m studying trading to get into that and quit when I can reliability make $150 per day risking less than 1% a trade. I’ll have a 100k account so shouldn’t be impossible with the right catalysts, setups and executions.

>>23235878
If I wanted to retire I would just look into selling covered calls or something

>>23235878
$100k definitely is not enough to retire comfortably. $1mil is an absolute minimum and you'll be living fairly minimalistically even then. Count in inflation and a reasonable target for "making it" becomes closer to $2mil. A thought exercise I use is, how much capital would I need to coast with a 3-4% dividend yield. With $1mil that'll be $30-40k pretax which aligns with a low income day job's annual wage.

https://fintel.io/ss/us/ag

Off-Exchange Short Volume 7,166,292 shares - source: FINRA (inc. Dark Pool volume)

Off-Exchange Short Volume Ratio 39.44 % - source: FINRA (inc. Dark Pool volume)


Shorties love livin on da edge

>>23235944
GDX is hugging its previous all time highs, check it out. We're so back.

>>23235955
My honest reaction

>>23235878
I'd say fuck trading, just invest until you have enough money to comfortably live on and enjoy life. For some that's 500k for some 2mil.

>>23235938
>$1mil is an absolute minimum and you'll be living fairly minimalistically even then.
I disagree, idk when it comes to living here like I own my house and 1mil is enough i can buy like 3 flats for 400K and rent them out and the rest is for investing. literally 600 euro passive income per month just from the rents. Like depends on where you live, what you want to do in life and if you own your own residence.

>>23235988
>>23235999
Of course it depends on the country. I was speaking from my own perspective, and it's something I would assume applies to North America too. How much in dollar terms is you guys' typical low income wage? That's usually the minimum needed for living halfway comfortably.

>>23235999
My Turko-Slavic brother, how many square meters is the flat in question?

>>23236011
Minimum wage is ~$450.
>>23236014
~70sq/m.

>>23236084
70 square meters? This is huge as fuck in Poland.

>>23236084
lol then I could already retire with my ~$200k if I lived there. But I live here where stuff is more expensive. But my wage is of course higher too. Need like $1,400 a month bare minimum to live here ($1,000 for rent/mortgage and $400 for other costs though there is some variance of course)

>>23236099
Yeah, but Poland is a more civilized country. My house is 300sq/m with a 800sq/m yard. It's located in maybe the second or third best spot in the city. Idk the houses near me are listed for like 400k, but I doubt i could get that much for it.

>>23236128
My goal in life is not to retire, just to live on my own terms. Most retires I talk to are just idk bored to death i guess and tell me they lost contact with a lot of people they used to work/hang out with.

>>23236130
>My house is 300sq/m

>>23236172
What's that cost in Poland like 50M zloty? Real estate prices in Poland are something else.

>>23236157
Yeah it's about more than just money. Easy to get lost in the numbers and sell your soul for Mammon. I already try to live in the way I want to live. The big trap is wasting youth in search of riches and then not getting to enjoy life at an older age when you have money. There's an old Finnish classic hit song from like the 50s about a rich man who laments that he cannot buy his youth.

If I can get my account to £200k I'll consider myself retired (rather than just unemplyed). House is paid off and I'm happy being boring. Global Atomic is my ticket.

>>23236191
I feel like you'll never feel like you enjoyed a particular time in life if you're a forward thinking individual, because you always sacrifice the present for a better future.

>>23236190
https://www.otodom.pl/
one of major platforms for selling/buying houses and flats

>>23236194
You need to fill up all that time with activities otherwise you're going to end up miserable, like most retires. Also weird that one can retire with that kinda money in the UK, I was thinking like £500K at least.

>>23236203
So what's the average like 5k euro per sq/m? Here the cheapest is 1500-1700 per sq/m. Prices are crazy compared to peoples income.

>>23236198
There's a balance for sure. Just need to tune out the future thinking at times to focus on enjoying yourself or focusing on the present. It took some getting used to but I can do that pretty well now. Also I actually really enjoy this autistic investing hobby so that helps. I don't really consider it that stressful most of the time. When it gets stressful I have bitten off more than I can chew and I take a step back. I actually did that back in like 2022, sold basically everything and just enjoyed life for a few months before coming back. It was really refreshing.

>>23236299
Yea Warsaw is around that. 125K € for 30 square meters. Fucking insanity.

Slovenia seems like a nice place to live honestly, not to expensive, it's 99.99% whites/Christians. Real estate is expensive, but it's worth it same with Poland. Here we have like 30% muslims, half of which don't speak/refuse to speak the language. People are uncultured, lack a considerable amount of intelligence and wisdom and are idk impulsive, like not all obviously but quite a few, but things are moving in the right direction, but the muslims will never assimilate so It will never be perfect. Hopefully someday soon I get to post with a Slovenian maybe Polish flag.

>>23236347
Slovenia has IMHO bigger tourist potential

>>23236335
I'd pay that to live in Poland ngl. At least there are no muslims there. And people are cultured like Europeans. I honestly thought it's much more expensive. Like don't get me wrong for the salary it's like insanely expensive, but if you can make money from money and compound, you can reach those kinds of cash in like 3-5 years.

>>23236347
lol didn't know that about Macedonia. Need to pull a Serbia.

>>23236335
That's like Finland prices lol. Insane for Poland.

>>23236377
Yeah, bro the country is full of Albanian from Kosovo (like 300k got asylim in the 90s war), Turks (that immigrate from Turkey to the balkan because the government in Turkey literally subsidises the people who do that) and gypsies. All these groups will never assimilate. Plus many Macedonians don't speak English and are uncultured, and have no idea bout European values. so yeah not the best place to live, my neighborhood is good though.

>>23236377
Serbia/Montenegro are good places to live too, I'm actually part Serbian and Montenegrin and could get a citizenship no problem. But still Slovenia is just better. Like Serbian and Montenegro are like a 4M oz deposit, Slovenian is a +10M oz deposit.

>>23236377
>Serbia
I fucking loved the NATO bombing of Belgrade. Sending China Embassy straight to Hell was especially nice touch.

>>23236385
Yes, Warsaw prices get pumped by German and Murican corpos wages. Also in general a lot of people coming back from western countries after few years of cleaning toilets and washing dishes then buying homes with cash.

>>23236385
Finland is that cheap lol? I was thinking like 400k eurobucks for like 50sq/m.

Also I was in Zagreb a couple weeks ago, maybe you saw me posting with a Croatian flag, anyway the country looks beautiful and great to live in, but they are importing pakistanis and indians to do low income jobs which is just a step in the wrong direction, these people also don't assimilate and don't respect the culture. I was talking with locals and they had a public transport problem where there weren't enough bus/tram drivers to satisfy demand, so they imported them from india and those people didn't respect the traffic rules and just created a mess, they ended up doing some scheme where they allowed retired bus drivers to work and receive pension.

>>23236483
I guess this is how Germans felt post WW2 when they imported like 5M Turks and other muslims. Like I'm not hateful or anything, but these people don't assimilate ain't much to it. You can't live with them, they don't want to live with people outside of their group anyway.

>>23236447
Maybe in central Helsinki. Over where I live (still in the capital center area but a half an hour's drive away from Helsinki) you can get a 30m2 apartment for €100k. My 35m2 flat cost me €120k. My big brother paid like €180k for his I think 50-60m2 apartment. My parents sold their house for like €350k or €450k (don't remember which, think it was the latter) a year or two ago. You can get a house for less than €300k in Finland if you go into a more rural area.

>>23236447
Really depends where you want to live obviously. Even here in Denmark you can get an apartment for $100k in a smaller city/town if it's a bit old, but still decent. If you want a nice apartment in the good parts of Copenhagen you are looking at a million minimum.

>>23236483
>let's import Poos and Pakis to drive public transport!
worse ideas are hard to think of

>>23233920
>>23234632
>>23234979
thats crazy... it lost 99% of its value around 2000, but is now seen as a good bet. $250 around 2000 not even accounting for inflation...
Think I need more info on this one. Is any other minor in a similar situation.

Moriarty vindicated

Durrett is also calling Couer mining a multi bagger from here, one of his biggest holds

And the smash

>>23236719
>$300k min houses
lol

>>23238786
Take in consideration that Finnish homes no matter what kind of materials used are not murrica level of cardboard where you can make hole in a wall just by farting too close to the wall.

>>23238786
I said less than €300k.

>>23237387
A rising tide lifts even the sinking boats

>>23238786
>>23239420
I just checked, there are even houses in Helsinki going under €200k. There's a lot of variation in the housing market.

>>23239615
Check out the price to be my future neighbor, Finnbro, in cmmg milker village

Let's check prices of USA housing that actually does not look like a homeless shelter shed with windows
https://www.oldhousesusa.com/old-victorian-houses-for-sale

>>23236719
>half an hour's drive away from Helsinki) you can get a 30m2 apartment for €100k
That's really cheap. How come?

>>23236736
What about places that are like an hour away from the city center of major cities? How are the prices there? Can you still get a flat for ~100k yuros?

>>23237387
>>23239436
Doubt Walter will pull himself up from all the shit he buried himself in. The way he financed the mine really makes a brother ponder.

>>23239953
those old houses are probably worth less than $0 since they come bundled with large unpaid capex bills

>>23240091
Wonder what will become of them, will the just keep rotting or? Probably just keep rotting away.

>>23240068
you have to pay a bit more for a newer apartment but mine (35m2, €120k) was built in 1989 IIRC so that affects the price since you need to pay maintenance capex.

>>23240098
Prob need to demolish and rebuild new ones

>>23240101
Yeah, I was looking at some flats in Ljubljana and some are built in 1880 going for 150k.
>>23240104
>Prob need to demolish and rebuild new ones
What's the point of demolishing them an building new ones in butfuck nowhere, there are no good jobs there thus no people.

https://wildfiresituation.nrs.gov.bc.ca/map
There is apparently an out of control wildfire situation near Tsacha Lake.
IGO has already evacuated people from their project.
Trying to check how near it ist to Artemis Gold Blackwater. Why the fuck don’t they just show the exact location of the mine on the website or am I once again just retarded?

>>23240109
>1880
You mean 1980 I hope?
>What's the point of demolishing them an building new ones in butfuck nowhere, there are no good jobs there thus no people.
Yep not to mention it's cheaper to just build a new one without the extra step of demolition. Maybe most of these homes will just rot away

>>23240140
Of course it can be found from Google maps and the fire is not even close.

ARTG Chads keep winning!

>>23240140
Wildfires are normal course business in Canada. Happens every year and operators are quick to evac. Not really material in the grand scheme of things, the market prices these in as temporary events

>>23240091
>>23240098
>>23240104
>>23240109
Would someplace like this be better to establish Milker Village?

It's happening again.
My miners didn't pump when gold went up. Now they're dumping when gold goes down.
Fuck you

>>23240374
how hard is it to not buy shitcos?

>>23240154
The building of the mine was a month late because of fires.

>>23240610
many mines built in recent years have been delayed by a quarter or more without any wildfires. One month due to standard safety procedures is minor stuff. Oil and gas producers temporarily shut in tens to hundreds of thousands of boes per day of production every year due to wildfires. It's really not a big deal.

>>23240374
I normally buy in such circumstances but I have no idea if what you hold is worth buying.

>>23240610
One in Canada? Or in Finland.
BTW reconqest of Karelia when?

>>23240374
>>23240815
They aren't shitcos. But the market is confusing as fuck and always does the opposite of what I think will happen

>>23235878
>I can reliability make $150 per day risking less than 1% a trade
"trading" is risky because you can lose money on trades (stocks and options), investing is the way to go for reliable dividen/interest income. Look into a creating a portfolio of solid companies that havea history paying dividends like CVX (a mix of sectors as they fluctuate short and long term) and calcualte how much you need to provide your annual income.

>>23240851
I increased my holdings of stuff going sideways. If you think your holdings are worth it then why not use that as opportunity to buy more?

>>23240917
>then why not use that as opportunity to buy more?
Because I have no more money/leverage

>>23241051
Trim stuff that went up and buy lagers?

>>23240851
your first mistake is trying to predict what the market will do. Your second mistake is buying shitcos than underperform the sector.

>>23241068
>dude sell and buy beer lol

>>23241099
kek, not these lagers

WAGMI

https://www.canadianminingjournal.com/featured-article/blue-lagoon-reopens-dome-mountain-gold-mine/

it's so ogre

>>23241158
390k poo chad. We better moon to a dollar or else.

>>23241158
Isn't this old news? Isn't this why it went on a run early this year?

Snowline bros is it our time?

>>23241926
so close to breaking free!

>>23241337
>or else
what? picrel?
>>23241863
Yep, Rana is so busy digging gold and shipping the bonanza to Nicola he gave up a new drop of old news

Calling PAN MAN...

>>23241337
>or else
what? picrel?
>>23241863
Yep, Rana is so busy digging gold and shipping the bonanza to Nicola he gave us a new drop of old news

>>23241926
she's back Leafbro!

>>23242015
yay
What's your unironic price target?

>>23240616
That is true. And it was great execution by the company that it was late only for that.
>>23240821
The Blackwater mine in Canada.

Would already be if the rats did not have nukes.
Although we should just call their bluff.

>>23242027
$14.88

>>23242027
$30.17 CAD

>>23242433
Hory Sheet
by when?
Tomorrow? pls say tomorrow desu

>>23242033
>Would already be if the rats did not have nukes.
>Although we should just call their bluff.
there is literally no way we could beat Russia in an offensive war. They have too many meatgolems and too much material. That's why we had to give those areas to them in the first place, and that's why they are winning in Ukraine too. Their zerg rush strategy sadly works against smaller countries like ours

>>23242437
TWO WEEKS

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2961-tsx-venture/sgd/186668-snowline-closes-oversubscribed-bought-deal-financing-and-concurrent-private-placement-for-gross-proceeds-of-102-million.html

>>23242454
>TWO WEEKS
Wow that's it. I can wait that long. :)

>>23242463
gives me a little time to add more, feels most comfy when Snowline is over 60% of my portfolio

Dang Platinum got BTFOd today

Gold and Silver both at 41% y/o/y price appreciation.

Silver still somehow underperforming despite the $40 runup

Abrasilver got its shit kicked in today as well.

Premium name gets a bit more affordable for an entry. I’ll be buying at $5.25 level around there.

>>23242442
>Russia winning in Ukraine
You drank too much Anbsolut Vodka, go sleep, you drunk

>>23242727
You know what you're right, Ukraine is probably just letting them occupy those Eastern areas out of the goodness of their heart.

>>23233926
Yes, it has a technical report.

>>23233683
No. This isn't like buying a stock. This is selling a project to scammers.

>>23243240
Selling to scammers, selling to dumb money... No difference. The money doesn't care who makes it or loses it. As long as you buy low and sell high, you have made money going long.

>>23243217
Any drilling done there ever? Share the tech report ol chap

>>23242605
So did they

>>23243245
I guess ponzi schemes are lucrative if you get in early. The greater fool theory wins again!

>>23240144
>You mean 1980 I hope?
No, there are literal houses built in 1880 that have been turned into apartments and renovated like 5 times through the years. People used to build things to last back in the day.

>>23243289
Mein mine!

>>23243361
I suppose as long as they are properly maintained... They will have probably changed the pipes and renovated the facade multiple times by now.

>>23243781
>They will have probably changed the pipes and renovated the facade multiple times by now.
100%

>>23243875
When I was in Spain years ago I saw a few apartment buildings in cities that were clearly abandoned and left in severe disrepair. Weird thing to see in the middle of an otherwise normal city. Likely condominiums that got into financial trouble, got dispossessed by the banks and/or city and then they ended up holding the big stinky bankrupt apartment building bag. Eventually those buildings will probably be demolished with taxholder funds.

>>23244078
Yeah, you get the odd abandoned building here and there. Nothing surprising quite a few of those here.

>>23244183
that's a rare feature over here. It's pretty much entirely a rural issue with apartment buildings in areas with no jobs, declining population and old folks. There's one or two condominium bankruptcies every year. Never in cities. But I guess that's something I could see becoming more common in the future.

Lmao Jay Currie of all people is now shilling BHS, calling GO a “friend”.

Since when does a former head of Goldman Sachs commodities even know micro cap owners?

>>23244287
>>23244183
Indeed, becoming more common:
https://www.helsinkitimes.fi/finland/finland-news/domestic/26833-nineteen-housing-companies-face-bankruptcy-over-unpaid-dues.html

>>23244298
Greame is a friend of stock promoters and family to shareholders (abusive father(

>>23243267
There was drilling done on the western edge of my parcel. I found the collars.
I've left enough clues on here for anyone to determine where it is and find the TR.
>>23243245
If I were really long, then I wouldn't be looking to punt this ASAP. Strike while the iron is hot.

>>23242442
That is why we attacked with our German brothers. Maybe it is the polish and estonians this time.
The Russian problem does need a final solution. Many great men have tried but failed!
Of course not going to happen without Russian aggression.

Some people think the jobs report tomorrow will rattle the markets.
So it's probably a nothingburger.

silver price is way up, what is up with Bayhorse?

>>23243146
You mean like Russians are in case of Ukrainians controlling Kursk region? Okeeey.

>>23245574
I would opt for just nuking Moscow and any other target that is needed in Russia. Butwe shall remember that Poles, Lithuanians, Belarusians and Ukrainians did sack Moscow together once before. So not like it never have been done before. There was also some our participation during Napoleon's "visit" there.

>>23246495
I mean like how this map looks awfully red for a country that is supposedly losing

>>23246534
Ah yes, just look how majority of Ukraine is red.
Golden Horde winrar.
Kyiv in three days, bro.

>>23246544
Is that your cope about Russia conquering the most resource rich parts of Ukraine?

>>23246609
This is my way of making fun of Russian cope about failing to gain anything of significance so far and losing Kursk region.

russia is going to run out of fuel and koreans soon

>>23246812
in two weeks?

>>23246852
3 days

IT'S HAPPENING

>shitcoins entering our shitcos

WAGMI

NFG CHADS IT'S HAPPENING

https://ceo.ca/@newswire/new-found-gold-and-maritime-enter-into-definitive-agreement

>>23246996
You mean a company that is not producing yet doing acquisition? With whose money?

IT'S HAPPENING

I wonder if Rick Rule is sellng last few days.

Snowline YTD about to hit +100%

Imagine the smell in offices of shorties. That sweaty scent feeling their cubicles.

>>23247235
Holy shit we're actually going to make it this time

>>23247235
Hycroft is up more than that YTD

>>23247038
with shares duh
>>23246959
>our bags will now begin to be integrated into crypto scams
concerning, but not my problem since I'll be very rich by the time the top is in.

>>23241987
I saw the spike for scottie too! Iam busy at the moment but they are doing their bulk sample right now, cant wait to see those results!
>>23241158
did anyone see the hit piece these guys put out about Dome Mountain? Iam glad to see these guys got told off in comment sections, locals love the jobs. https://theskeena.com/2025/08/28/the-little-bc-gold-mine-youve-never-heard-of/

>>23247244
CHECKED! SGD now +103% YTD

>my only chance to catch Finnbro and his monster +200% YTD return

>>23247469
weren't your TSXV shitcos supposed to pump more than majors? Numerous NYSE listed crap went over 100, some 200 YTD.

>>23247319
You looked into recent habbenings in GreenX? This quarter we should have results of analysis these drills from German Tannenberg area drilled decades ago.

>>23247319
>hit piece
hadn't seen it, what a bunch of garbage FUD, really a nauseating amount of female liberal retardation

We're healing

>>23247475
did you skip the Rule Classroom, Polack? Majors move first, then the best shitcos will outperform and provide far better returns

>>23247497
Then you should have went to majors and buy your shitcos just now if you were not sleeping. You would have 2-3 times the money

nice self own btw

>>23247244
how do you like that PP closing? next up SGD drops a monster news release for Beaver Creek that starts this Tuesday

>>23246367
Graeme is waiting till mid 2026 to pump the stock. Trust the plan.

Its our time now

The golden age.

Hi I'm looking to get into commodities. I've heard that Oil 101 and The Prize are both good books. Which one should I start with and do you have any another recommendations?

>>23247503
>buy your shitcos just now
c'mon Polbro, I've been buying SGD since it was a .20 drill story with pending VG assays. That should be a better return than buying Hycroft first

>>23247558
>>23247565
WAGMI

>>23247581
The World for Sale?

>>23247624
thanks I'll check it out

>>23247581
>thinking any of us read books
I have heard Yergin's books are good but idk if they help you much with investing. They seem more like political/historical books. If you want to learn about investing the best way to start is by reading market news and asking questions.

>>23247590
I don't remember calling Hycrof major.

>>23234924
>>23242015
>>23242027
>>23242433

BMO's price target is probably about 1/2 of what Snowline will sell for:

11:20 AM EDT, 09/05/2025 (MT Newswires) -- BMO Capital Markets on Friday reiterated its outperform, speculative risk, rating and C$15.50 price target on the shares of Snowline Gold ( SNWGF ) as it resumed coverage of the company.

"We are resuming coverage of SGD after a period of restriction, due to a ~C$92M "bought deal" and concurrent ~C$10M non-brokered private placement. The proceeds will be used to advance the Company's projects in the Yukon Territory, as well as for working capital and general corporate purposes. With the additional equity added into our model, we maintain our Outperform (Speculative) rating and target price of C$15.50," analyst Brian Quast wrote.

nice selloffs on ATH

lol, nice spread on Hycroft

Why would God be so good to a retard like me?

Looks like yield curve control is on the menu.

>>23248859
Our God And Savior Lord Lucifer Evershining

>>23248859
God loves His greatest retards and wants them to be happy.

>>23247581
Oil is a bad investment as we are moving to electric cars and many producers actually have very low cost of production, something like $20-30/barrel. I predicted this and CMMG hated me for it. But in the end renewable energy fag was vindicated.

>>23248899
CHECKED
>Snowline retard

3 niggas bout to go live

https://www.youtube.com/live/U-DNBaS9msQ

>>23248799
>C$15.50
That's it?

>>23248899
I really think this is what Jesus was saying in the gospels and everyone just ignores that part because they try so hard to be "good". Jesus laid down some mind fucking shit and I feel like I'm a retarded benefactor

>>23248997
>>23248997
those BMO fags are cucked and can't publish the real target. SGD will blow past C$15.50 before the end of the year and C$30 is a piece of cake in '26

Ooh
https://www.scribd.com/document/872892073/Pocketbook-of-Gold-A-Survival-Manual-for-Monetary-Mayhem-A-James-E-Sinclair-Peter-D-Carlin-1

>>23248950
shut up Dane you lost your shirt once with that retarded thesis, don't repeat your mistake with Cathy Wood tier narrative investing

>>23249150
I never bet on anything oil related.

>>23249169
I could swear you were short oil and got BTFOd when it gigapumped

>>23249150
There are a million other three letters that need less kosher abbreviations.
>FCC
Department of Proganda
>HSS
Department of Disease
>IRS
Department of Tax
>HUD
Deparment of Homeless

>>23249449
Wrong thread

>>23249422
Must have been someone else. I invested in Chinese solar panel manufacturers many years back, didn't really win or lose anything on that. I predicted the rise of solar back in 2016, even wrote two articles on seekingalpha. But the panel manufacturers never managed to make any profit even though their sales grew by a lot every year.

>>23249422
good sir, is this a good time to buy something like Chevron? I don't think an officially called recession can kick it down much more when money is getting more funny. Am I retarded?

>>23249494
>Chevron
What? Are they going to topple Maduro?

>>23249512
probably....we're doing more heavy R diplomacy lately

Oil is a rigged game, why play if you dont have a hand on the tap?

>>23249494
you're basically asking me to predict the oil market fren. I can't tell you whether oil is headed to the high $40s or low $80s. I can tell you that right now the oil market looks a bit oversupplied and demand signals are mixed due to recession worries. I don't think we are in a recession right now so demand is probably stable, but the Dane is half right when he points out that there is a lot of low cost supply available. OPEC+ is putting production back online, countries like Argentina and Guyana are ramping up production fast, US shale is much more resilient than permabulls would like to admit.

If I had to tell you a prediction, I'd say now is probably not the best time to enter the oil sector. My views align with major analyst opinions that the oil price will probably drift down through 2026 at least. Maybe oil is going to the $50s. I don't know. Nobody knows for sure.

>>23249529
Thank you sir. I remember in middle school when they were scaring us oil would have run out by now. I am mainly looking for a commodities play with a stable dividend

>>23249529
I’d like to imagine that the Texas railroad commission meets between closed doors wearing cult masks deciding the fate of the future price.

>>23249544
Their concerns were fair at the time. Conventional discoveries were already not keeping up with depletion at the turn of the millenium. The peak oil (supply) crowd was right to be concerned. But then we figured out unconventional recovery methods and we're still developing more technologies. Shale was worthless in the year 2000, turned into a massive boon around 2010 and is today the source of much oil production and discoveries. Offshore drilling evolved and we're drilling ultradeep wells nowadays. Oil sands used to be an expensive mess, now it's among the lowest cost sources of oil. The Canadian oil sands alone account for like 10% of all global reserves.

And don't even get me started on undeveloped shales in the Middle East, the kerogen resources in China or potential alternative technologies like laser drilling or microwave assisted gravity drainage. We are not going to run out of hydrocarbons in centuries imho, it's all a function of technology and cost.

>>23249422
If it's not the same same, you can bet your shirt they're related or know each other or have fucked the same chick at some point.

>>23249581
more like OPEC+ meets up in front of hundreds of cameras and decrees for all the plebaeans

>>23249615
Same Dane***
Fucking autocorrect clanker fucked it up

>>23249544
Everyone was saved by shale to the chagrin of Albertans missing the boom times.

great week

>>23248989
Schiff going live in 30 mins as well.
https://www.youtube.com/live/q1oywDLNfEU?si=VCvWNm35jCFM0bkn

>>23249787
Sauce?

>>23249787
Which TSX-V listed scamcos with onlyfans model ceos are they interested in?

>>23249805
seeing shit on financial tv and on /biz/
see: >>23234731

>>23249742
Peter is live now

>>23249906
On CHATURBATE?

>>23247160
kek. I'd feel bad for the jap girl but she's a jap

>>23247484
these guys got told off pretty good by people in the area too, good to see.
>>23247479
i am busy at the moment but i can have a look at GreenX in a bit.

>>23249742
>>23249906
Schiff really isn't worth listening to. He can get certain very big, very obvious things correct but he lacks nuance and he's got serious ideological blindness. His recent debate with Brent Johnson through ZeroHedge is a pretty good example.

He most certainly saw the housing bubble during the 2000s but his company did not do very well for its customers (they lost a very large percentage of their investments even before the 2008 crash).

I would say that a person who knows absolutely nothing about economics and finance might learn something from listening to Schiff. However, there are far better sources of information that aren't thinly veiled commercials for the products he's selling.

>>23250013
he isn't worth listening for financial decisions true. But if you want to entertain yourself, he can be fun to listen to. He has a lot of based takes.

>>23250034
He is big into minors. Several unbelievable claims.

Poland becoming slightly less retarded

>>23250233
Nah, they are spending that reserve already

Schiff in recent years:
1. Shilling for Trump.
2. Whining about his bank.
3. Repeat 1 and 2 in random order for several months
4. Recently admitting that shilling Trump was bad idea and Kamala would likely been better for US economy
6. Whining about his bank again.

Shiff has accurately predicted 11 of the last 3 recessions.

>>23250281
>1. Shilling for Trump.
He's always criticized trump. Why do you lie?
>2. Whining about his bank.
So the government illegally stole his bank and robbed all of his customers and you think this is totally fine?
>4. Recently admitting that shilling Trump was bad idea and Kamala would likely been better for US economy
He's probably right about that lol

How do I short poland?

El Salvador buys $50M of gold

>>23250055
kek I remember that xitter chain. He just kept digging. Schiff is pure entertainment

>>23250281
what's step 5?

>>23250296
I don't lie he himself stated in video that he was supporting Trump and that it was a mistake. If you call me a liar you are calling Peter a liar too.

>how do I short Poland
give eastern Poland back to Belarus and Ukraine

>>23250319
Whatever unimportant whining about stuff no one cares like what Zelenski was wearing on which day

>>23250325
>I don't lie he himself stated in video that he was supporting Trump and that it was a mistake.
Give link with timestamp. I don't believe you.
He always said trump was the lesser of two evils and he voted for him. He never said he explicitly supported him.
He was criticizing trump throughout his entire first term.

>>23250333
Zelensky's military apparel RP is kinda cringe tho ngl, he should wear a suit at least when suing for peace

>>23250342
Watch his recent videos from like a month or two. I don't take notes in which video at which second he said what. He explicitly stated what I mentioned. Even most brainless maple should be able to understand what he is saying in that video.

>>23250356
The only peaceful solution is to nuke Moscow out of the face of the bog it's built on

Tudor Gold spiking today. Thanks Pan Man for sharing that one.

Lots of old minors

>>23249642
Awesome week Finnbro! I would like to have a lot of your positions! Sadly, after the 2021-2022 beating that put me on the ropes I was too wary to buy anything except AEM and Snowline for a long time

>>23250361
>polish reading comprehension

>>23250717
That kind of happened to me. I smartened up and now I mainly stay away from tiny explorecos and I buy mid tier companies with a good track record.

>>23249642
My negro makes more in a week then my mandatory pension fund does in two years.

>>23250717
those have been and likely will continue being great performers so that was a good choice. Frankly I should have bought more of those too. Agnico is already up 4x from its 2022 bottom. Snowline has kept trending up ever since the initial discovery, even buying after the first Valley drills started coming in back in 2021 one could be sitting with a comfy 5-10x by now. I feel a bit silly sitting some of these runs out waiting for muh dip... Totally missed the NGEX and Filo bullruns too, just let them run and run and run to the sky.

Lessons learned: stick with quality

I just impulse bought an ennobled 2024 1oz libertad for $93 shipped. How bad did I do

>>23250851
Thanks bro, had to play it safe to get out of the hole, then took profits on Agnico in Nov '24 and put it all in SGD. AEM has gone up 80% since (and missed 3 Qs of dividends) but SGD is +110% so it's working out a little better so far

Had Filo on my watch list and never pulled the trigger, that one does sting more than most I missed

>>23250899
wrong thread

>>23251967
>>23251967
>>23251967

Put in the OP of the next thread
>No polish posters
And we just report his ass when he posts

>>23251973
Too late. Did in the last thread anyway and it didn't work.