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Mining stocks?
Comments
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Gold is used extensively in aerospace, medical, electronics, jewelry and when Stalin want to buy a Indian bride, he's going to need some gold to close the deal.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
What you mean to say is, that as a means of exchange, gold has little use since the Rothschilds took the US off the gold standard..
But there are countless uses of gold which is why there is a physical shortage of the metal.
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PurpleThrobber said:
Gold is used extensively in aerospace, medical, electronics, jewelry and when Stalin want to buy a Indian bride, he's going to need some gold to close the deal.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
What you mean to say is, that as a means of exchange, gold has little use since the Rothschilds took the US off the gold standard..
But there are countless uses of gold which is why there is a physical shortage of the metal.PurpleThrobber said:
Gold is used extensively in aerospace, medical, electronics, jewelry and when Stalin want to buy a Indian bride, he's going to need some gold to close the deal.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
What you mean to say is, that as a means of exchange, gold has little use since the Rothschilds took the US off the gold standard..
But there are countless uses of gold which is why there is a physical shortage of the metal.
Yes, there are other uses.
Supply exceeds demand. Price of gold is dropping.
Tell me more about this shortage?
Or, if you are trying to actually add value and refute my point, when will gold stop freefalling?
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https://www.usmoneyreserve.com/knowledge-center/charts-prices/gold-price-chart/EwaDawg said:PurpleThrobber said:
Gold is used extensively in aerospace, medical, electronics, jewelry and when Stalin want to buy a Indian bride, he's going to need some gold to close the deal.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
What you mean to say is, that as a means of exchange, gold has little use since the Rothschilds took the US off the gold standard..
But there are countless uses of gold which is why there is a physical shortage of the metal.PurpleThrobber said:
Gold is used extensively in aerospace, medical, electronics, jewelry and when Stalin want to buy a Indian bride, he's going to need some gold to close the deal.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
What you mean to say is, that as a means of exchange, gold has little use since the Rothschilds took the US off the gold standard..
But there are countless uses of gold which is why there is a physical shortage of the metal.
Yes, there are other uses.
Supply exceeds demand. Price of gold is dropping.
Tell me more about this shortage?
Or, if you are trying to actually add value and refute my point, when will gold stop freefalling?
Freefalling? Over what time frame?
Miners can make good money down to about $1350. The smart ones can go below that. You'd be fairly surprised at how much activity there is in the mining space on majors trying to acquire juniors. Silver is driving a lot of the activity as most every gold property will throw off silver as well.
Buy the miners, not the commodity. it's not like oil where all the junior producers are hedged against WTI. Much more of an 'open' market for the sales of physical gold -the demand of which is going through the roof for the products mentioned above.
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Check out MP Materials. The price has fallen back to hopefully a bottom. It took a hit end of March with news of a secondary offering and some other thing about some kind of insider selling 8 million shares putting downward pressure on the stock. Amway, looks like a great price point, might even fall a little more. Rare earth magnet miner. Went public via spac in November. All things spac right now are out of vogue which isn't helping either. With the impending rise of all things electric it could be a good play. I got in at 30 about 4 month ago, looking at maybe picking up some more. Closed Friday 30.64.
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Buying the SPACS are shit right this second. For those that have deals in the pipeline/set to close, it should turn out fine - cheap way of going public and most of them will hit the ground running with capital to expand their business. I'm in on THCB which has been shit shit shit if you're trading the ticker like a stock. If you're waiting for the actual acquisition company to hit the ground running and zoom zoom, it will be a winner. There's several like this out there.89ute said:Check out MP Materials. The price has fallen back to hopefully a bottom. It took a hit end of March with news of a secondary offering and some other thing about some kind of insider selling 8 million shares putting downward pressure on the stock. Amway, looks like a great price point, might even fall a little more. Rare earth magnet miner. Went public via spac in November. All things spac right now are out of vogue which isn't helping either. With the impending rise of all things electric it could be a good play. I got in at 30 about 4 month ago, looking at maybe picking up some more. Closed Friday 30.64.
With regards to mining stocks, stay the fuck away from anything that sniffs of Vancouver, BC/junior mining. It's been a while since the BC/Toronto paper traders have been running their pump and dump scams (mining has been in the toilet) - there's lots of projects out there with big ounces touted. But getting into production is an entirely different beast. Super expensive CAPEX and a lot of governmental red tape, particularly in the US and Canada. Good to go along for the ride on the way up, but rest assure you're being played unless they are well into permitting and environment/archeological studies. Better still if you can catch them right before they actually get a construction/mining permit in hand. Then the big boys like Rio Tinto or Kinross or Barrick are coming in for an acquisition.
Otherwise, the scam is to pump up the project, run the stock up and then 'sell' the project to another Canadian junior mining company (usually in stock) and watch them run it up again while the first company exits out via trades where they have limited cash invested.
US projects are relatively safe but do your due diligence as to who is behind it and what phase they are in the development cycle.
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Copper has busted through the decades old 10k a ton barrier and it's gonna keep going. Chicoms just zeroed out import duties on raw materials and iron ore exports from Brazil already up 20% y-o-y. commodities going to keep on going, jump onboard the train.
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Copper having another good day (broken record). Finished steel is popping as China rolls back import tariffs on raw materials. Both container and bulk freight companies have essentially doubled since Jan 1 and are up another 8-10% today and there's no end in sight through at least the summer. Still a lot of money to be made in this sector!
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So are we back to tweakers stealing copper wires?GDS said:Copper having another good day (broken record). Finished steel is popping as China rolls back import tariffs on raw materials. Both container and bulk freight companies have essentially doubled since Jan 1 and are up another 8-10% today and there's no end in sight through at least the summer. Still a lot of money to be made in this sector!
