Author Topic: Gold, Silver and Markets (Read 159268 times)

permabear1 · « **Reply #15000 on:** July 19, 2022, 12:34:42 pm »

Thank you JP Criminal for the information you provided on Morien Resources Corporation. I found the reasoning compelling enough to pick up 5000 shares a few days ago and it is doing quite well today.

Hambone · « **Reply #15001 on:** July 19, 2022, 12:59:00 pm »

At 1300 I will be one of the chief whiners.

Apollo · « **Reply #15002 on:** July 19, 2022, 01:03:02 pm »

To bounce, or not to bounce, in front of the FOMC - that is the question. This stuff is really struggling with the USD sidelined & the SM roaring - not good. Hate to short early & get whacked on a "bounce" but.........

Zigg · « **Reply #15003 on:** July 19, 2022, 01:14:57 pm »

PB…no doubt you came across this in your DD before your purchase…
This article is dated way back when the “ ceiling collapse “ occurred….

https://www.mining.com/only-coal-mine-in-canadas-nova-scotia-closes-its-doors/

Earlier post that I put up mention “ only 5% of resources were “ landward….so that would mean 95% are seaword…..they are trying to mine UNDER the harbor….the collapse might be a result of “ pillar reduction “ they spoke of
Something gave way and the mine flooded ….don’t think any miners care to go down (600 meters) into that death trap…

It would be interesting to go to the local coffee shop or bar and let the locals give an earful as to what really is happening at the Dunkin mine…💸

guest45 · « **Reply #15004 on:** July 19, 2022, 01:28:13 pm »

PB - You're welcome. People need to realize this is a very thin issue, and it doesn't take many shares to move it up or down. Never put in a "market" order, or you can get creamed.

Apollo · « **Reply #15005 on:** July 19, 2022, 01:31:36 pm »

There are several articles out there with commentary from the locals on Donkin. & There have been several "Falls" inside Donkin - which means, pieces of rock et al falling from the mine ceiling. They have identified all of the potential "falls" in advance and had no serious injuries as a result. Mine management looks like it was very competent. Tunnels under water is not a new phenomenon - the only objections in the related articles & commentary revolve around "Safety" but locals are excited about the mine re-opening. It was not shut down due to "Safety", they shut it down when coal collapsed during the Pandemic. There was $250MM in re-investment in the mine between 2015-2017, so don't think they would have done that if they thought there were eminent threats from a safety standpoint. They have several permits they need to pull to re-open & those will take about 90-120 days - don't see it re-openning until end of year at the earliest. Do you own DD - I own it.

Hambone · « **Reply #15006 on:** July 19, 2022, 01:52:49 pm »

I looked at Morien a couple of days ago.

It has a good story. And I liked the low number of shares out.

In the end I decided not to take the plunge because it seems so illiquid. I’ve been trapped by that before so I passed.

Speaking of stories, I think the best told in the last few years was Novo and the Pilbara. Was it 3 or 5 billion ounces they had laying around for just the pickin? Anyway, the tale was masterfully told and worked like a charm.

Zigg · « **Reply #15007 on:** July 19, 2022, 02:00:48 pm »

Morien provides latest newz on Dunkin Mine…

“ As evidence of Kameron’s increased activity at the Mine, Kameron has recently posted online job positions for at least 10 underground miners and a red seal underground electrician to commence full-time positions on August 1, 2022, as well as an engineer in training.”

https://www.globenewswire.com/news-release/2022/07/19/2482116/0/en/Morien-Provides-Update-on-the-Donkin-Mine.html

*****
10 miners = big dive checks…..?

Apollo · « **Reply #15008 on:** July 19, 2022, 02:20:37 pm »

I think the bigger risk on Donkin is that CND Emperor Justin-boy & his merry band of Greens show up & say Nyet. The one dissenting voice in the community came from a professor at the local College who asked outload, why the community would approve something from the 2017 economy & not look forward in their thinking to Climate compatible energy sources. So I think the big risk is, do those permits get denied for the sake of the CND Marxist Ideology (when Red went Green) that pervades the current CND administration

m2 · « **Reply #15009 on:** July 19, 2022, 02:42:25 pm »

Apollo is right, the biggest risk to Morien is Justin Castro and the greenies. I really do think they are going to let this one slide by though, demand for coal is heading north, and the locals like the long term jobs.

It is illiquid presently, although not always, you have to decide to marry the stock if you want it in size. I like the potential for 3 dollar/share dividend, which sounds nuts, but it is not imho. Not saying that is what it will be, but for now, 35 cents is not bad either, and bet it will go up as the price of coal goes up. The 3 dollar thing, has more stuff baked into it, long wall mining, higher prices, etc.

Apollo · « **Reply #15010 on:** July 19, 2022, 02:52:19 pm »

Bottom line, like any Jr Miner, you buy it, you better be prepared & have capacity to lose it, cuz what happens in Vegas has a tendency to stay in Vegas.

LSteve · « **Reply #15011 on:** July 19, 2022, 02:56:02 pm »

Some sort of small explosion at Hoover Dam...

https://twitter.com/TheRealKeean/status/1549453119582617600

guest45 · « **Reply #15012 on:** July 19, 2022, 03:00:59 pm »

Jeez - I think I opened a can of worms with Morien. My late father once told me, "You will be better off lucky in life, then smart". I'm hoping to get lucky with this one, because when I married my first wife, I clearly wasn't smart. Cost me a bundle.

Apollo · « **Reply #15013 on:** July 19, 2022, 03:02:58 pm »

Bidenites have let these Enviro-whackos out of their cage & into the mainstream & they are no doubt behind the food-plant fires & now that they are screaming about Dams, would not surprise me if the Hoover thing was sabotage - probably hacked

White House: to Help Salmon, Dams May Need to Be Removed
http://HTTP://www.nbcnewyork.com/news/national...

The Biden administration on Tuesday released two reports arguing that removing dams on the lower Snake River may be needed to restore salmon runs to sustainable levels in the Pacific …

mugwump · « **Reply #15014 on:** July 19, 2022, 03:28:15 pm »

m2 · « **Reply #15015 on:** July 19, 2022, 03:41:01 pm »

JP, haha, not a can of worms, it is good to talk about these projects. Morien is a rare opportunity, unlike most drilling stocks hoping for find a resource and hoping to mine your pocket book, this one is already baked and may not need another dime from the investors. In fact, it has bought back I think close to 10 million shares and dropped the shares out. Wow, what a concept! Just what we need more of here anyways, to share ideas, iron sharpeneth iron.

LSteve · « **Reply #15016 on:** July 19, 2022, 03:50:32 pm »

I thought you can build facilities so salmon can swim around dams and still migrate.

guest45 · « **Reply #15017 on:** July 19, 2022, 03:55:55 pm »

m2 - Ya mean you wouldn't be happier reading about Covid, growing heirloom tomatoes and buying Ruger guns and bullets all day on this forum? That's why I didn't post for so long.

Aurator · « **Reply #15018 on:** July 19, 2022, 04:21:26 pm »

“You will be better off lucky in life, then smart". JP’s father

Headmaster at high school told us first years in the top academic class : “you might be the cleverest at school, get the highest grades but most of you will end up working for those in the bottom class, if you’re lucky.”

Turned out to be quite prescient..

LSteve · « **Reply #15019 on:** July 19, 2022, 04:36:09 pm »

They were buying everything today.

https://finviz.com/map.ashx?t=sec

m2 · « **Reply #15020 on:** July 19, 2022, 04:47:05 pm »

JP, yes, we need more collective helpful intelligence and discussion. I dont post much either, partially because the market has sucked, but there is not much discussion like we used to have years ago.

I used to like arguing, constructively with uptick. Remember him? He was always bearish, and I was telling him hey, this 4 buck silver aint gonnna last forever like you think!! haha.

I am not really a trader, no algos for me , haha. I like a stock like Morien, it is something I do not really worry about, It took me a while, I loaded up over the course of a year, and I believe its day will come, and I do not have to manage it every day. I used to do that when I had a desk job, trade stuff, as it was something to spice up my day. Now I am retired, I do not want to be tied to having to watch stuff. I like to buy near a bottom, and hold for a long time. Like the cryptos for me too. I bought so cheap, I do not really care about the panics people go into.

m2 · « **Reply #15021 on:** July 19, 2022, 04:52:53 pm »

My dad had a ton of wisdom quotes, I mean I could write a book.

Here is a couple,

Better to have a strong mind and a weak back. Then when he needed help, he would call one of us over and say, hey, I need someone with a strong back and a weak mind, haha.

IF you ever go into business, make friends with the Jews.

Dont ever get too into the nationalistic thing, for any country, it is a trap.

If you like the girls, learn how to dance with them.

The last quote was sort of a double meaning, and I found it to be very true, well, all of them really.

permabear1 · « **Reply #15022 on:** July 19, 2022, 04:57:55 pm »

Explosion, Fire Reported at Hoover Dam

The fire was put out before the fire department arrived.

https://twitter.com/TheInsiderPaper/status/1549451434038632452

Pyrite · « **Reply #15023 on:** July 19, 2022, 05:59:53 pm »

Explosion, Fire Reported at Hoover Dam

Where did they find any water?

permabear1 · « **Reply #15024 on:** July 19, 2022, 06:48:22 pm »

Occasional Cortex arrested

https://www.foxnews.com/politics/reps-omar-adams-arrested-abortion-protest-supreme-court

Aurator · « **Reply #15025 on:** July 19, 2022, 06:53:45 pm »

Speaking of the wisdom of our fathers… hey, FeSS looking forward to receiving your father’s bon mots when they’re ready.

permabear1 · « **Reply #15026 on:** July 19, 2022, 07:26:28 pm »

https://www.blacklistednews.com/article/82948/good-samaritan-with-a-gun-kills-indiana-mall-shooter.html

permabear1 · « **Reply #15027 on:** July 19, 2022, 07:32:50 pm »

Low intelligence yields conclusions like these dolts have come up with. The truth is that a majority of whites could care less about supremacy.

https://www.blacklistednews.com/article/82939/malcolm-nance-white-extremists-are-an-insurgency-worse-than-isis--we-may-have-to-fight-our.html

LSteve · « **Reply #15028 on:** July 19, 2022, 07:34:07 pm »

I like this Col. MacGregor...

permabear1 · « **Reply #15029 on:** July 19, 2022, 07:45:13 pm »

Enjoy

https://www.govtslaves.com/2017-08-29-bookmark-this-over-400-links-google-doesnt-want-you-to-visit.html

Go to these 400 Links Google Doesn’t Want You To Visit and you can get as tinfoil hat as PB1.

guest45 · « **Reply #15030 on:** July 19, 2022, 08:16:17 pm »

M2 - Really great quotes. I especially like the one about making friends with the Jews. Well, we're friends, and kind of in business together with Morien. So, I'll tell you next, start inching into Sarama SRMMF in this 12-cent area. You won't have to watch it. They already have 3 million of what I call "easy" shallow ounces to mine. Started a 50,000 meters drill program; first 20,000 just completed with drill results coming out very soon. They believe they will have at least 5 million ounces on their properties. Stock valuation really low; About a 22 million market cap. You should wake up to an easy quadruple when they get taken out within the next year or two at the most IMO.

Zigg · « **Reply #15031 on:** July 19, 2022, 08:19:58 pm »

@ the Dunkin’ mine investors round table….

Bet noone (k) even knows who the real owner of Dunkin….DD reading..

“ Glencore’s (LON:GLEN) Donkin coal project in Canada’s Cape Breton Island has been officially acquired by U.S.-based Cline Group, feeding long-standing hopes of a mine reopening.

Donkin, which involves the development of one of the largest undeveloped coal deposits in North America, could employ about 300 and produce close to three million tonnes of coking and thermal coal per year. This, if Cline and Canadian junior Morien Resources (TSX-V:MOX), which owns the 25% remaining in the project, bring the mine back to life.

Glencore and Morien have invested $43 million in the fully permitted Donkin project since 2006.

******
So Morien paid 10 mil+ to help build the mine….then later in life sold their 25% share to Cline for 5 mil..?
Smooth move management…🧐

lonestar · « **Reply #15032 on:** July 19, 2022, 09:17:34 pm »

PB... does that mean that since he violated "mall policy"
he will be going to mall prison

lonestar · « **Reply #15033 on:** July 19, 2022, 10:44:46 pm »

I have a lot of morien that I picked up at 15
listened to M2 and JP
I am in it for the long-term

guest45 · « **Reply #15034 on:** July 19, 2022, 10:49:49 pm »

Good to hear from you Lonestar. Hoping here that your "long term" will soon be "short term". With everything getting killed, we all need something big to happen for once.

permabear1 · « **Reply #15035 on:** July 19, 2022, 11:44:28 pm »

https://rammb-slider.cira.colostate.edu/?sat=goes-16&sec=conus&x=3845.2000122070312&y=3447.5999755859375&z=2&angle=0&im=12&ts=1&st=0&et=0&speed=130&motion=loop&maps%5Bborders%5D=white&lat=0&p%5B0%5D=band_13&opacity%5B0%5D=1&pause=0&slider=-1&hide_controls=0&mouse_draw=0&follow_feature=0&follow_hide=0&s=rammb-slider&draw_color=FFD700&draw_width=6

This is quite a weather system for Minnesota on the 19th of July

Ben · « **Reply #15036 on:** July 19, 2022, 11:48:18 pm »

Zigg

Are you saying Morien Resources sold their 25% and hold no claim

"So Morien paid 10 mil+ to help build the mine….then later in life sold their 25% share to Cline for 5 mil..?
Smooth move management…🧐"

Norwester1 · « **Reply #15037 on:** July 20, 2022, 02:36:12 am »

15304.....Gee, J.P. ....I certainly hope we didn't upset your expectations of this 'open' forum?

" m2 - Ya mean you wouldn't be happier reading about Covid, growing heirloom tomatoes and buying Ruger guns and bullets all day on this forum? That's why I didn't post for so long."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
In the first place, MOST of those apparently (to you) annoying posts were made well after market hours, with some exceptions, but not many....Frankly, even if one were posted during market hours, it's quite simple to scroll right past if it's of no interest to you, just as I do when viewing a post about a $.12 a share stock, or any mining reviews, as I do not trade the mining shares....BUT, neither do I see those posts as an annoyance as you apparently do of posts that you have no interest in seeing, nor would such keep me from posting those topics I find worth sharing....So, if you and M2 are so put off by the contents of a day's posts on this forum, perhaps you should investigate other places that are less distracting to your penny share agenda ? Don't let that door hit you in the ass on the way out....

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Bent Rifle · « **Reply #15038 on:** July 20, 2022, 07:24:03 am »

,,Norwester,,jp,,m2

,,I would say theres been as much benefit from off topic subjects to this forum as there have been about gold.

What made the original Kitco great was its wide open exchange of everything.

Thats why it was shut down.

It ain't all about gold why we're here.

ROAN · « **Reply #15039 on:** July 20, 2022, 07:41:07 am »

Bent I agree with you as I am a person in the group since the 90's. These days I have nothing to contribute re juniors or locations so I talk about my heirloom tomatoes among other things. Multi subject is a great thing. If I would want to whine I would say some of the conspiracy theories on the site tend to bore me after a while. I do appreciate the weather info though as mainstream does not give us a realistic view. JMVHO.

Cherokeeee · « **Reply #15040 on:** July 20, 2022, 07:48:40 am »

Prolly a good idea if jp starts his own forum as he's already on the ropes with most here due to unwarranted sliming of the forum.

Take a hike on a broken bike bub... your big head will fit somewhere...

Just sayin ...

wolavka · « **Reply #15041 on:** July 20, 2022, 08:05:15 am »

hatred: casting stones.. well you all are hated by the clowns who drag au/ag and other resources down. THESE ARE EVIL PEOPLE. GOLD SHOULD HAVE EXPLODED UP THE LAST COUPLE DAYS. THEY HATE YOU TILL THE END.

wolavka · « **Reply #15042 on:** July 20, 2022, 08:07:11 am »

MUSHROOMS FROGS WATER CHICKENS. get em all hide and seek

Apollo · « **Reply #15043 on:** July 20, 2022, 08:33:46 am »

Gold - "Caught in a Trap" - just can't escape the hover just above $1700 & every day that goes by with this action, the sub-$1700 run looms larger. We're going there & soon

https://tools.godmode-trader.de/rohstoffe/#!/overview/

Apollo · « **Reply #15044 on:** July 20, 2022, 08:51:55 am »

OK Frustrated - where ya be?

permabear1 · « **Reply #15045 on:** July 20, 2022, 09:37:36 am »

On off topic comments, I'd admit readily that I am in the top ten of offenders.

On my background, I was around in the late 1990s and early 2000s when gold bullion fell to around $250 and I 'backed up the truck" as Doug Casey would often say; hell, even mortgaged the house for some of it.

Making this move has placed Mr. and Mrs. PB1 on 'cruise control' in terms of a worrying about preserving purchasing power of our savings.

Now, let me say in the strongest words possible: That is not enough, no not nearly enough. You can be the shrewdest investor in the world but if you ignore the clear tyranny now descending on the US you will still end up living under a bridge without your possessions. It is not paranoia to have angst over some megalomaniac with a poor Nazi accent who openly asserts "You will own nothing and you will be happy".

Friedrich Hayek wrote his 'Road to Serfdom' back in 1944 in the closing days of some of the worse tyranny this world has ever seen. Buy it and read it.

Stated another way;

“A government big enough to give you everything you want is big enough to take everything you have.”

― Barry Goldwater

Pyrite · « **Reply #15046 on:** July 20, 2022, 09:40:41 am »

This place has dropped the Kitco spot feed again on my tablet.
Gee I hate tablets and phones!
I didn't do anything differently but Harbor Freight replaced the Kitco feed.

Pyrite · « **Reply #15047 on:** July 20, 2022, 09:48:02 am »

OFF TOPIC POSTS AND LIONS AND TIGERS AND BEARS....OH MY !
One of the most specious complaints. Surfaces every time the price of gold isn't all glittery.
Who here has found the "trade" button on this TRADING PLATFORM?

Silly.

Zigg · « **Reply #15048 on:** July 20, 2022, 09:49:34 am »

Ben…..
Are you saying Morien Resources sold their 25% and hold no claim“

*******
The Donkin coal project is an underground mine located on the north-eastern tip of Cape-Breton, Nova Scotia. Cline Group affiliate Kameron Collieries (Kameron) is the owner and operator of the coal mine.

Kameron acquired a 75% interest in the project from Glencore in December 2014 and in January 2015, it purchased the remaining 25% interest from Morien Resources under a $5.5m definitive purchase and sale agreement.

Production from the first continuous miner at Donkin commenced in February 2017, while the coal handling, preparation and processing plant (CHPP) was installed in September 2017.

******
Note the dates….Morien sold their 25% to Cline over 7 years ago.!

https://www.mining-technology.com/projects/donkin-coal-project-nova-scotia/#:~:text=The%20Donkin%20coal%20project%20is%20an%20underground%20mine,the%20owner%20and%20operator%20of%20the%20coal%20mine

Here is the real head scratcher…
“ In March 2020, Kameron announced its decision to cease production activities at the Donkin mine due to unfavourable geological circumstances. The mine was not sealed and no mining equipment has been removed from the location. The mine is operated for an indeterminate amount of time by a small workforce to ventilate and keep the operation dewatered during an idled care and repair process.“

Just what are the “ unfavorable geological circumstances “…?
And how much water are they trying to pump out..?

What did Glencore know that led them to sell their 75%….for a song ?

Lotsa questions…and it appears Morien is not being to forthright as to answers…

Don’t think the owners ( Cline) is really a miner….they bought the Dunkin for what they thought was a steal hoping to flip this piece of real estate…

Just thinking that to pump this pup giving everyone the hope there might be some day this humongous divy will be your road to riches is not right.
And to bad mouth ZIgg cause I find it interesting to do a little due diligence….

And why is the red tag electrician needed that is listed in the help wanted newz bit…
Red tag is the key word

Just how deep is the water at the bottom of the mine…?

Everyone has a different investment goal…and if you want to jump on the pump handle…go for it….but don’t get too carried away on the pump handle or you might break the sucker rod…..
😉

Hambone · « **Reply #15049 on:** July 20, 2022, 09:50:11 am »

Hold on. Hold on. I happen to like any and all info on gold stocks, penny or not. I also like to hear any and all info on bullion.

There are some off topic posts that interest me, many not, but I leave it to the administration to handle that.

As long as we don’t deteriorate into another food fight mess of a sight and start personalizing everything I’m content.

guest45 · « **Reply #15050 on:** July 20, 2022, 10:11:53 am »

Norwester - NO PROBLEM." I won't let the door hit me in the ass", as you suggested to me, as I leave this forum permanently now. To be honest, you don't deserve me here. God forbid someone talk about metals and mining as the forum suggests. You can keep posting the BS you post every day with your buddies. Good riddance to all.

permabear1 · « **Reply #15051 on:** July 20, 2022, 10:17:58 am »

As Rodney King asked "Can't we all just get along?"

I agree that the grumpiness is likely to disappear when the metals do better. We already have McStew and Moriarty indicating that we are bottoming zone for the shares. Time to accumulate PM shares if interested.

Zigg · « **Reply #15052 on:** July 20, 2022, 10:28:19 am »

JP….” To be honest, you don't deserve me here.”…..

REALLY….?

Don’t think Amazon sells hats big enough for you either….😂😂😂😂

guest45 · « **Reply #15053 on:** July 20, 2022, 10:39:23 am »

Zigg - Another **** idiot that needs to be called out. There are still others. Last post unless others want to make a cheap shot.

OneMoreTime · « **Reply #15054 on:** July 20, 2022, 10:50:58 am »

JP, I've enjoyed and profited from your posts. Hate to see you leave. Thick skin time. We're all REALLY PISSED about what they're doing to our sector and some get nasty. Ignore.

m2 · « **Reply #15055 on:** July 20, 2022, 11:04:14 am »

OK, dont know where to start now. The danger of posting, texting, not talking directly, etc. should always be considered before assuming.

NW, read what I said before you attack. I said simply, I wish we had more shared ideas on particular miners like we once did. Nothing about anything else. Frankly, I dont mind other posts, other topics, and dont care when they are posted either. Just want more of the other, so take off your jewelers glass, and put on some real glasses and read what I said again.

JP, I will definitely look at that stock, sounds like a good one. I hope you dont stop posting over one or two comments.

Lone, glad you are on board with Morien, I think the thing might really pop in the next year.

Zigg, I do not know where you get your info from, or what do you not understand, it is a royalty play, most of them look to sell the property to get a royalty and just collect money with no risk or liability. In Moriens case, the money they collect per share if this things goes into production will be huge.

Well, I guess I should just go back into the cryptocave until happiness comes back once again to the bugs. Speaking of crypto, now there is a topic if I want to get someone riled up, unintentionally btw,, it usually delivers....

Apollo · « **Reply #15056 on:** July 20, 2022, 11:04:51 am »

Yea, we don't need to lose anybody - stay in the saddle - water off the ducks back & ramble on

Pyrite · « **Reply #15057 on:** July 20, 2022, 11:20:25 am »

I have no problem with "losing" anyone whose attitude is "good riddance."

I used to trade (a small bit as I made way more DEALING metals) and I used some recos to good advantage.
It's arrogant to tell posters WHAT to post. I think we all know how to scroll past what we don't want to read.

We'll never have another Kitco. Personally, I value camaraderie highly.

permabear1 · « **Reply #15058 on:** July 20, 2022, 11:27:07 am »

*** totally off topic but this can not wait as it is too important to understand ***

A Frankenstein monster has been released on humanity due to leaky 'vaccines'.

Jeff & Erica - Yeadon Says It's Easy To Poison (audio 53:19)
An Entire Population Without Them Knowing
- More Doctors Warns About Permanent Gene
Changes From The BioWeapons, Much More

https://mediaarchives.gsradio.net/rense/special/rense_071822_hr2.mp3

Zigg · « **Reply #15059 on:** July 20, 2022, 11:39:33 am »

JP …cheap shots….two fer a nickel…?

“ Zigg - Another **** idiot that needs to be called out. There are still others. Last post unless others want to make a cheap shot.”

This thing is getting to your mind….just let it go..!
so how many of the 345 million peeps even know that you said “ I’m leaving,gone forever “…? And you couldn’t keep your promise ..?
Don’t let other people ( ZIgg.?) live in your mind rent free
Just be happy…make a list of everything you have been blest with….health,fam,roof over your head,
One does not need to be a forum member to enjoy life to the fullest…
This rag tag group of geezers are not what you think…
It’s a pretty good group of souls….they like to share their thoughts and interest of other things in their life…no sense in bad mouth our tomato eggspurt

So just be gone and the whole thing is over…move on in life..!

Zigg

Apollo · « **Reply #15060 on:** July 20, 2022, 11:53:52 am »

One of two possibilities staring us in the face: (1) Gold craters & we run stops down to $1680 & possibly beyond - but doubt beyond. I give this an 85% probability over the next 0-4 days; or, (2) Gold touches down to $1700 or slightly below & then blasts off & we are on one of the greatest PM runs we've seen & the reason is, while the FOMC is a sure minimum 75bps on 7/27- some calling for 100, the very next day (7/28) is GDP & if GDP is negative & we are basically in a Recession, then Gold will go bonkers. Now, when things are obvious, sometimes they blast off early. So maybe we don't do the typical pre-FOMC swoon & we start trading beyond 7/28 after that little spash-down to $1700 or slightly below- give that 15% Probability. Place your bets. We are in one of the best buy-opps - over next 4 days for PM stocks we will ever see.

https://tools.godmode-trader.de/rohstoffe/#!/overview/

Norwester1 · « **Reply #15061 on:** July 20, 2022, 12:05:34 pm »

m2trains...nowhere in my post will you find that I was irritated by the sundry posts about mining shares -- of any value or pricing level -- rather, I suggested that I (personally) have NO involvement so I tend to SCROLL past them without criticizing the poster who made them....I don't give a rat's ass whether you or JP post such, but, apparently, the inclusion of a variety of 'other' posts bother him to the point that he has to make a snide comment on them....If he wasn't such a wimp, he'd jump right in and post whatever he wants to share and IGNORE those posts that he has no interest in.....instead, he'd rather b**ch about them, as if those political and medical and weather related and 'prepper' and firearms etc. postings have no effect on our investment world? sheesh....

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LSteve · « **Reply #15062 on:** July 20, 2022, 12:09:35 pm »

I'm proud of all the members. I'm honored to be the administrator of this site. Let keep on trucking and bringing information and ideas to the table.

LSteve · « **Reply #15063 on:** July 20, 2022, 12:18:58 pm »

Tanks on the street in China to protect banks....

https://twitter.com/WallStreetSilv/status/1549790086656581640

LSteve · « **Reply #15064 on:** July 20, 2022, 12:22:13 pm »

China can't produce their own engines for a wide body aircraft they are developing. They were depending on Rolls Royce and GE, but that maybe up in the air. If you can't produce such engines I would argue that your ability to project military force globally isn't in the cards for China. My baloney meter wages when I hear folks talk about China becoming a rising military power.

https://www.ainonline.com/aviation-news/air-transport/2022-07-14/cr929-widebody-suffers-delays-due-lack-engine

Norwester1 · « **Reply #15065 on:** July 20, 2022, 12:23:14 pm »

"Tanks on the street in China to protect banks...."

...oh. boy...that worked so well at Tianamin Square years ago, didn't it ?

LSteve · « **Reply #15066 on:** July 20, 2022, 12:27:12 pm »

10 Year Treasury breaks its 40 year down trend line...

https://twitter.com/WallStreetSilv/status/1549718262870446080

LSteve · « **Reply #15067 on:** July 20, 2022, 12:31:27 pm »

The only proven alternatives to hydrocarbon fuels are poverty, cold, disease, and darkness. All other supposed alternatives are expensive fictions which you can only indulge as long as you have a lot of hydrocarbons.

Apollo · « **Reply #15068 on:** July 20, 2022, 12:38:20 pm »

That's not good @ Tanks. All the more reason for Xi to spark a war with Taiwan - they're all the same re the distraction thing

RACK · « **Reply #15069 on:** July 20, 2022, 12:49:37 pm »

JP, I will miss you and I don't even own stocks. The off.topic stuff sure helps us stay sane as they trash our favorite shiny. I notice when things get interesting off topic gets sent to the after hours

Hambone · « **Reply #15070 on:** July 20, 2022, 12:55:20 pm »

We should all calm down and eagerly await the post of mine that makes me a hero.

Everyone should celebrate.

Right now I’m not eager to bring up my holdings list.

m2 · « **Reply #15071 on:** July 20, 2022, 01:23:18 pm »

NW, sounds like the problem you are having has nothing to do with me then, it is between you and JP.

Hambone · « **Reply #15072 on:** July 20, 2022, 01:26:29 pm »

OK. Let’s dip below 1700 again and get it over with. If it means another mini collapse, so be it, and I can get it off my mind.

I do find it hard to believe that PM stocks with a PE of less than 5 are vulnerable. But bear markets are vicious.

Hambone · « **Reply #15073 on:** July 20, 2022, 01:31:24 pm »

Putin now dealing with Iran. That represents a ton of oil.

Apollo · « **Reply #15074 on:** July 20, 2022, 01:58:00 pm »

Moment of truth comes early - no surprise, lets see what happens. If we bump here, then we're going to $1680. If we don't probably going to get a whiplash - fingers crossed

Hambone · « **Reply #15075 on:** July 20, 2022, 01:58:10 pm »

Well, gettin close.

Damn. They seem to be toying with us into the close.

Hambone · « **Reply #15076 on:** July 20, 2022, 02:57:27 pm »

Shorted the market with DXD.

Ben · « **Reply #15077 on:** July 20, 2022, 02:58:29 pm »

I posted a George Gammon youtube a few weeks ago..

He believed the strategy of the Fed was to Knock down most asset prices
in the markets to slow down the spending(wealth affect)

He does have an ear to the ground on Wall Street so I believed it was a credible explanation
Those that didn't take heed are probably sorry

Gold is the canary in the mine and they have not let it signal inflation

so maybe we will see a bounce and a good one

but we all need to be careful.

Norwester had one of the best ideas when the gold market was not acting like anyone could actively trade it he said he was stepping aside and not trade it.That was one of the better calls this last few months.

I don't know when we will ever go back to the Markets we have had in the past.We are fighting against AI and it is nothing we have experience with

LSteve · « **Reply #15078 on:** July 20, 2022, 03:05:01 pm »

I think the EU blinked...

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=203814

Apollo · « **Reply #15079 on:** July 20, 2022, 03:36:26 pm »

Bombs Away

https://tools.godmode-trader.de/rohstoffe/#!/overview/gold

Hambone · « **Reply #15080 on:** July 20, 2022, 03:42:09 pm »

1699.50. Not much so far.

Can you hear the hope squeaking out?

Norwester1 · « **Reply #15081 on:** July 20, 2022, 03:42:28 pm »

m2trains @ 15258....exactly....You were quite diplomatic in your comments while JP was rather abrasive and stomped his feet as he left the room....bet he took his ball with him and went home!

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Norwester1 · « **Reply #15082 on:** July 20, 2022, 03:49:06 pm »

15364....Ben....that's right -- I sold off my Sludge mini-contracts at the $22.+ level for some small losses....best (luckiest) move I've made in a while....I'm still "on the sidelines", BUT, I'm getting quite interested in sludge again IF we can get down into the $17.20 range...Gold, to me, looks vulnerable all the way to $1575. IF it collapses down thru $1650.....we may know shortly....

(How's that, JP? Was that an "acceptable" and topic-oriented post?)

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Hambone · « **Reply #15083 on:** July 20, 2022, 03:49:25 pm »

Argh.

permabear1 · « **Reply #15084 on:** July 20, 2022, 04:03:12 pm »

2022-07-17 Retirement Lifestyle Advocates Radio w/ Karl Denninger

https://retirementlifestyleadvocates.com/podcast/episode/2022-07-17-retirement-lifestyle-advocates-radio-w-karl-denninger

It all points to massive deflation

Apollo · « **Reply #15085 on:** July 20, 2022, 04:14:17 pm »

Looks like they waited until AH to get this sub-1700 show on the road - nice

everything out on the lows of the day - nasty open tomorrow & then we'll see

$1680 is a done deal, now it's a question of how far through

Bent Rifle · « **Reply #15086 on:** July 20, 2022, 04:52:43 pm »

STRAT said it best,,,,,"yellow rock make white man crazy,,"

LSteve · « **Reply #15087 on:** July 20, 2022, 05:10:50 pm »

Project Veritas does it again. We will hear more and more about climate change...

https://twitter.com/aboutparesh/status/1549770683890253825

Zigg · « **Reply #15088 on:** July 20, 2022, 06:08:32 pm »

Grabbed from the twit….

“ Biden: "I and so many other people I grew up with have cancer."

Getting ready to bail…..and we get what’s her face….

Oh dear dear….😟

Pyrite · « **Reply #15089 on:** July 20, 2022, 06:32:35 pm »

The happy dance.

LSteve · « **Reply #15090 on:** July 20, 2022, 07:15:35 pm »

Texas billionaire buys $50,000,000 in silver from Miles Franklin. Wonder if it is true?

https://twitter.com/scottsdalemint/status/1549455783301042176

wolavka · « **Reply #15091 on:** July 20, 2022, 07:38:48 pm »

apollo i can't see 1680 but still say a 60-80 move up coming now

permabear1 · « **Reply #15092 on:** July 20, 2022, 08:04:11 pm »

Project Veritas does it again.

Unreal.

Zigg · « **Reply #15093 on:** July 20, 2022, 08:06:13 pm »

Did Benedict Biden Just Admit He Has Cancer?

https://thelibertydaily.com/did-joe-biden-just-admit-he-had-cancer/

Apollo · « **Reply #15094 on:** July 20, 2022, 09:41:34 pm »

Wolavka - if GDP comes in negative on 7/28, think we see something big to the upside. But we have a lot of wood to chop between here & there

Cherokeeee · « **Reply #15095 on:** July 20, 2022, 09:46:46 pm »

SHOCKING STATISTICS reveal the 4 most dangerous VACCINES ever created

Yes... Polio vax is one of them... money virus in it IS killing millions of baby boomers.. Jonas Salk... serial killer still killing and he's long gone 6' under..
Want to live Long and Strong..? Stay the feck away from the medical/pharma INDUSTRY.

https://www.naturalnews.com/2022-07-20-4-most-dangerous-vaccines-ever-created.html

LSteve · « **Reply #15096 on:** July 20, 2022, 09:53:34 pm »

Cherokee, learned very young in the military to avoid doctors as best you can.

HoldGold · « **Reply #15097 on:** July 20, 2022, 10:33:17 pm »

Commodities Setting Up To Boom Higher? | Rick Rule & Brien Lundin

Apollo · « **Reply #15098 on:** July 20, 2022, 11:21:44 pm »

Here's a bone for all the Adolf Pootie lubbers - nothing totalitarian about dislocating 15MM people and blowing up their country - the Kettle screeches

'A New World Order Is Coming' - Putin Blasts "Globalist" Ideology As "Totalitarian"

https://www.zerohedge.com/geopolitical/new-world-order-coming-putin-blasts-globalist-ideology-totalitarian

Cherokeeee · « **Reply #15099 on:** July 20, 2022, 11:23:38 pm »

Gideon: “Based on what we know, most of those with a net worth under $10 Million and income per year under $2.5 Million will have to adhere to the new rules. They will be re-classified under the Class C designation. Their funds and private property will be seized and redistributed.

You have to realize something, there’s only about 7 or 8 Million people in the whole world who are Class S or Sovereign. This will include government officials, media figures, the super-rich and celebrities. Spread that out, it’s a very small number, and a ton of people most of us would think of as ‘rich’ will be removed and placed in the Class C category. We think that’s because a lot of rich people are just normal, successful people, and not part of this cabal. They will suffer like the rest of us, if they aren’t Class S.

https://oculumlabs.com/interview-with-gideon-csrq-sm/

Author Topic: Gold, Silver and Markets (Read 159268 times)

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