Gold, Silver, PM's and Markets

FSM

Hit the year’s low but didn’t drop below.  Interesting.

The stock is recovering a bit but the Mexican environmental people are all over them. They continue to mine under court stays as I understand it.  So, here they are.  Embroiled in Mexican politics.

Buy it?  Who knows.  How optimistic are you?

Sheesh!  Looks to me like we all shoulda joined Erle 6 weeks ago and jumped on the Platinum bandwagon....it seems to be ignoring these pullbacks....

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nw: they did not care if people died....
In 1983 the patent pending + 17 years ran out so like magic in 83 they made the chmsl center high mounted stop lamp MANDATORY.

In 1993 we enhanced the present system and nhtsa under attorney barry felrice would not allow the improvements.. again big insurance wanted the deaths  + property damage.

FSM seeing the start of the anticipated bounce off the triple bottom. After watching the video from Mugwumps #716, I’m having second thoughts about holding any companies that have mining interests in Mexico.
G

FSM is going to put in an Inverse H&S for a ST trade - after that?? all about the chatter from the Mex ENV folk

kinda long but I'll post it any way:

Fortuna Silver Mines (FSM) Q3 2021 Earnings Call Transcript

snippet:
This has been a protracted complex negotiation where we achieved an arrangement to the satisfaction of the company and the sale authorities. Now what has painted a good quarter is this new issue where the Mexican Ministry of Environment, Semarnat, has on November 10, denied our request for a 10-year extension of the environmental permit of our San Jose Mine. This renewal process is something we started on May of this year. Semarnat is exciting two main reasons for the denial: one, not receiving requested information from us; and second, that we have an open evaluation for the regularization of 73 ancillary facilities not declared in the original 2009 Environmental Impact Statement.

With respect to the first point, we have already provided proof dating back to 2019, we have been submitting and complied with the share information. And second, we are of a strong view that the regularization of ancillary infrastructure, which is a process that we initiated in 2019 and is currently in the hands of Semarnat and evaluates the mitigation of impacts for a greenhouse, a soccer field, a weather station, a core check and drill core storage facilities, an office, a 40,000-liter fuel truck, a power transformer and other infrastructure of similar nature cannot provide grounds for a denial. Additionally, our legal team is also of a strong view that the regularization of 73 works does not form part of the request for the extension. The deadline for Semarnat to provide a response to our 10-year extension application expired on Saturday, October 23.

This was informed on a press release dated October 25. Before the October 23 date and as a precautionary measure, the company, we initiated legal actions in Mexican courts and obtained preliminary protection to continue operations considering a potential delay in obtaining the extension for a questionable denial. Our San Jose Mine is currently operating under the protection of these court actions. And we seek to strengthen this protection from the courts with the recent notification received from Semarnat.

Our legal team is evaluating and working on this. Our credit agreement, on our senior bank facility requires that we obtain a permanent injunction or similar protection before November 20. We have engaged with our lenders to provide for the flexibility and time that this circumstance requires. Additionally, we have not exhausted the avenue of dialogue with Semarnat and Mexican authorities.

We are pursuing all avenues available to solve this as soon as we can.
Precious metals accounted for 88% of our $162 million in sales. Silver accounted for 22% of sales. Our cost struck in line with our guidance range for the year at all our operations. San Jose exceeded cost inflation against the comparable quarter driven by lower silver and gold production stemming from lower grades and slightly higher opex of about 7%.

https://www.fool.com/earnings/call-transcripts/2021/11/12/fortuna-silver-mines-fsm-q3-2021-earnings-call-tra/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

Apollo - I have 1877 as the next higher high
...so far today the low was 1856.47

I’m a tiny bit cautious right here myself.  Would love to see some sort of pullback. But I’m not bearish by any means.

Apollo - I've been taking a wee bit off the board selling Highest Cost first ...for shares that might be close to current prices. Not much that would surprise me in either direction with all that is going on these days.

If I can buy back cheaper fine...if not, I'm sure there will be other opportunities that present themselves.

nato vs putin.....

go with the bear.. gold over 1900

So kind of what I thought - moved out of some JNUG bought this morning about 20 mins ago - this is done for the day - see what happens AH

https://usawatchdog.com/america-is-under-attack-by-marxist-globalists-martin-armstrong/

America is Under Attack by Marxist Globalists – Martin Armstrong         (slightly over one hour)
By Greg Hunter On November 13, 2021 

LOL

What is this membership ranking based on?

https://www.theepochtimes.com/mkt_breakingnews/little-evidence-supports-use-of-cloth-masks-to-limit-spread-of-coronavirus-analysis_4102824.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2021-11-15-1&mktids=81dde125b41a0b75532251357bec8952&est=QyPC7x5G4QjSagO5%2FCVMxmXx9FElIKDzp8w%2FISXFivDoPsTcQGdqXcV6QHbjD9ywpho%3D


interesting study

another crummy report from americas gold and silver co
https://ceo.ca/@businesswire/americas-gold-and-silver-corporation-reports-third-b9458
it was actually going up a bit before this report and reality hit
i know it's cheap but i would hold off buying
https://stockcharts.com/h-sc/ui?s=USAS&p=D&b=5&g=0&id=p06844879488&a=635592238&listNum=1

I took a look at Pure Gold.

I tried to like it but didn’t.

Seems like some of these companies are just cursed.

Meanwhile, count your blessings that you don't live near any of our major rivers here in the Great Northwest....here's a good article detailing our current ugly weather conditions:

https://www.nbcnews.com/news/us-news/northwest-storms-set-rainfall-records-spark-floods-rcna5661

I dunno about Bigley to the North of here, but it sounds like his area is also getting pounded and river waters rising....You got a raft, Bigley?

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water. great 4 lakes dug. now frogs and mushrooms.

Yeah...as expected, Carnation is flooded and all the way SW toward Duvall and Monroe the road is closed in places....Hasn't affected Fall City as yet, but is threatening there near the south end of town below the bridge....it's about as bad as I can recall in the past 50+ years that I've been in this area ....rain has let up a bit tonight, but probably will return again too soon for the rivers to subside a bit....

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https://www.bitchute.com/video/W0ZzuPcE3hdF/

Clif High-  Woo Flavors  Explorers' Guide to Scif World

Interesting program worth a  watching

Is history repeating once again.... Worth watching
https://www.bitchute.com/video/0yMaznykhSb8/

Apollo....783....just saw your post....yeah, I think I know which part of the road there that you're referring to....that's actually not too far north from the bridge over the river at what is now a roundabout they put in a few years ago....Used to be a great little cafe just up from the bridge there heading toward Carnation, but it got hit with a flood, too, a few years back, and I believe they finally just closed the place....Flooding has always been common as you'll remember in that area, but rarely this bad this early in winter....more commonly it's in the Spring when the snow melts occur in the Cascades....

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Pup's headed to a new trading range - caught some folk sleeping this morning & picked some things off early here

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

178.38 on the GLD is a T-top - we'll go through it with push. Looking good from here to Thnxgvng

796 wolavka, thqt sums it up in a curt and tidy paragraph.

Retail Sales a bit stronger - but its full of inflation, so 1.7% up versus consensus of 1.2% - noise, but not much of an impact

The HUI is presently at the 278 level. If I had to guess, I anticipate a move to 300, the top of the downtrend channel. From there a drop down to the 200-day ma about 270. Then a rise up to 330 followed by another decline to about 290. Then a rise to the old highs from last year at 370 or so completing the right side cup formation. I would anticipate this to happen before the end of Feb. next year. The cup will then need a handle to form in Mar., Apr., and possibly out to May of next year with a final bottom near 330 or so.  Then the real fireworks begin to the upside. I think the math works and this works with seasonality.

JMHO
G

day high thus far 1877

mold hit 1879.50. 1880 was cited frus had 77

Get's harder now...next higher highs 1904, 1913, 1917 and the next real biggie, 1921 to take out the 2011 high once again.

Unfortunate the 1877 high had to come pre-market... sheet

I'd watch for that 1856 again
...current low today 1859...if it holds there ...maybe higher?

Off to watch the charts.

The Ethical Skeptic is always worth following...
China’s CCP Concealed SARS-CoV-2 Presence in China as Far Back as March 2018

https://theethicalskeptic.com/2021/11/15/chinas-ccp-concealed-sars-cov-2-presence-in-china-as-far-back-as-march-2018/

double tap on the 1856

Yep, we hit it & I bought JNUG right there

Retail sales and consumer psychology.

If we’re starting to hit the buy now before the price goes up, we are indeed in trouble.  Then again, inflation itself could contain most of the rise in sales.

Neither is a benign situation.

Hammy ...the telly keeps saying if you want to give a specific item as a present you should buy it early ...because come December you may not be able to get it.

Take a look at import and export prices.  Both higher.  Imports cost more - food and fuel.  Exports (of everything I guess) cost even more.

It’s a formula for higher prices at home and lower actual goods sold abroad.  IOW the trade deficit should continue to widen. 

As a side affect, the demand for dollars MAY rise.

Sure they are.   It's the new covid.

New troop movements are setting up to follow the inflation "reports" if the impact on the public begins to wane.
I think instead of electing people,, we should elect crises.

Just yesterday in a very short time, I heard 2 newscasts and ONE call-in show screaming about
..................INFLATION.........

Is the MSM finally fed up with biden?

galane
it's cheap and making money
paying off debt
i love it
https://ceo.ca/@nasdaq/galane-gold-ltd-releases-financial-and-operating-results-28746
https://stockcharts.com/h-sc/ui?s=GG.V&p=D&b=5&g=0&id=p66250478295&a=698465165&listNum=6

Silverfox...don't know anything about it...but try this

https://santacruzsilver.com/news/santacruz-update-report-on-stock-halting-nov-15/

natural gas up 6%
https://finviz.com/futures_charts.ashx?p=d1&t=NG
ready for winter?

Bought FTEL.C , First Tellurium,  previously DeerHorn Capital. Low float.,<2 million market Cap. Zero or Hero with this one.

https://ceo.ca/@nasdaq/first-tellurium-receives-five-year-explorationpermit

Crypto legislation coming down the pike.

There goes the anonymity argument.

I don't know about you guys...but I pretty much like this place thus far ...relative to ease of posting

...I posted that I saw this before.

Service Level:
Standard 100% Free Service (No Ads Special 30 days!)
Ultimate Plan - ALL Features listed here AND Unlimited Ad Free Credits each month at $39 Sale $19.95 per month
25,000 Ad Free Page Views/Credits each month at $5 per month
50,000 Ad Free Page Views/Credits each month at $10 Sale $8 per month
Unlimited Ad Free Page Views/Credits each month at $29 Sale $14.95 per month

I think all we need is the 25,000 Ad Free Page Views per month, we have plenty of bells and whistles.
 
Knowing that our 30 trial will soon be up (Oct 24th + 30 days ad free = Nov 23rd ), I emailed Tom the administrator asking how I could contribute and they sent me a link. 

The $5/mo may have to go through the administrator...but to make things easier for the administrators, the $2 difference isn't a biggie so I went ahead and put through a PayPal payment of $21 ($7/mo for 25,000 page views) which should give us 3 months ...or more. From what I read it's a credit for 25,000 page views and that any unused views will carry over, but don't know that for a fact.

If a couple others would chip in $14 we would have the first 6 mos paid for and if we are happy at the end of that time...maybe 3 others can contribute $14 after that period for the next 6 months.

It says a the bottom of the page...
We accept major credit cards, PayPal and e-checks.

I clicked the PayPal button put through $7 to see if the receipt came back with our forum name on it...and it did under "details" so I put through a second payment ...and changed the quantity field to "2" for another $14 (strangely I had to clear my cookies before it would accept the second payment)

I received email receipts for both that said:
Board Url: bugsandmarkets

so it looks like everything went through ok.

Pretty much watching today.  A few stink bids that I doubt will be filled.

OK does anyone have any info on Santacruz silver still not being traded. They made this deal a  and stopped trading October 12th. How often does this happen it is now over a month LOL

Sounds like the regulators are pissed...

Frus

Thanks.  But I really, really don’t want anything to do with PayPal.  Even if you chose a credit card you have to disclose all your info to PayPal.

If there’s another way, I’ll take it.

Hammy...like I said if you scroll to the bottom of the page it says:
 We accept major credit cards, PayPal and e-checks.

maybe you can ask Tom - I think he's off for the day...
or try this here

https://www.createaforum.com/contact.php

Frustrated, I  kicked in for 50k hits. I assume that they are good until used. Otherwise at the end of the month you will see the biggest spam blizzard ever recorded.
 40k copies of The Lord's Prayer should do it. Either that or 45,000 copies of Pyrite's Adventures of Chad and Muffy.