Community Discussion
In our community we students of the market openly discuss our various market insights and thoughtful opinions in support of a wider understanding of price behavior. Join us and share your thoughts!
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Recent Posts
- Educating clients and readers on the Metaverse January 18, 2022
- A new high-quality dividend-yielding portfolio I have under development January 6, 2022
- The benefits of communicating directly with investee companies January 6, 2022
- European regulators fine several banks US$390 million for G10 currency manipulation December 9, 2021
- Are you interested in joining me at CEM Arizona, April 22-24, 2022? December 8, 2021
- What is the difference between a Preliminary Economic Assessment (PEA), a Prefeasibility Study (PFS) and a Final Feasibility Study (FFS) December 2, 2021
- Why Copper is the next Metals Super-Cycle November 29, 2021
The two words that put me off more than any other How about “Woke Investors” or “Woke CEOs”? The hairs on my arms rise because I know that BlackRock’s “Larry Fink” is probably the next two words coming. Disgusting. What happened to “Free Markets”? For centuries in western society, investors and CEOs did the right thing for themselves and their companies. Things worked. Now we are told that we are not sufficiently “woke”. Well, whoever is the next occupant of the White House, I hope that she or he posts a “Not Welcome” sign for Larry Fink. Those would be… Read more »
btw, I am fine with the two words “Bullion Bank” because I know that about two of every ten years, we are on the same side of a trade. We can always use their monopolistic manipulative practices to build wealth those years.
UBS buys Wealthfront
According to InvestmentNews.com
Adding to a Junior Goldminer today I eliminated the name because I will continue buying despite the words of key central bankers this afternoon. But here is the story: PFS study expected 2nd week of February with a significant increase in Gold production profile vs PEA (124,000 oz/year). The PFS I expect to be in the 170,000-200,000 oz/year range) for this combined heap leap and U/G project A resource update will accompany the PFS Management is looking to get to work on the high-grade concept at the property this year So far, they hit 102 drill intercepts into 3 veins below… Read more »
Out of the 50, I’d be curious where Marathon Gold sits; expecting that it makes the cut.
Fickle markets A few words from Fed Chair Powell have dropped the value of my portfolio by -4% in under an hour when all he said was that the Fed has room for multiple rate increases. But we already believed that. We also thought he might actually raise the rate today, and once again he did nothing. Neither did the Bank of Canada Governor, and he too said he was expecting to raise rates. If you were in business and a supplier or customer kept telling you they had to capacity and intention to do something, and then didn’t, I… Read more »
Few seem to be enjoying Jerome’s press conference: Dow, Nasdaq, Gold, Silver, Bitcoin, 10 Year Note all down sharply after 2:00. Dollar rising though.
The IMF blasts El Salvador over Bitcoin The only question is why did the IMF take so long? eTurbonews reported: The International Monetary Fund (IMF) issued a statement saying that El Salvador’s decision to adopt Bitcoin as legal tender last year “entails large risks for financial and market integrity, financial stability, and consumer protection.”Warning that the cryptocurrency could severely undermine the country’s financial stability, the IMF urged El Salvador to scrap Bitcoin’s status as its official currency.The international monetary regulator called for “strict regulation and oversight” of Bitcoin in El Salvador and urged the country’s government to “narrow the scope… Read more »
Interesting … https://learn.bybit.com/crypto/who-owns-the-most-bitcoin/
wow just wow
I guess everyone else is playing for matchsticks….😀…. So the trading boundaries are being determined and set… In this fashion, the higher the better, for all except the inverse players… But I don’t think they will ever get a lasting foothold.. the hype is too big and the internet is global ( and beyond ! )… So Cathie truthfully sees that $ 1 M per coin… Let it be…. ✌️
What if someone comes up with a better data structure than blockchains to support record keeping in distributed computing?2000, Yahoo! and a large number of Yahoo! look-alike “portals”
Then came Google.
Bless you, Dave.Raj09. As always, I enjoy your participation, but we’d all like to know what you think.
I have no opinion, I been trading MARA and RIOT and
get in and out as fast as possible, I haven’t made a dollar in this trade in six month, but I am happy that I did not loose any!!!
If you had no opinion, why did you make the statement?
How to see which peer groups in the market that are succeeding and failing If you have the StockCharts free service you can use their Candleglance service to see up to 12 instruments at a time. With the Basic service, you can see up to 500, displayed on pages of 30 at a time. Use the 1-year chart configuration. https://stockcharts.com/ I use the US Mutual Funds active list of 12 major distributors because the data is what these companies like JP Morgan, Goldman Sachs, BlackRock, Vanguard, etc, are selling to their clients. Presumably, they are not selling crap to their… Read more »
Word of ‘ Old School ‘ protein based vaccine availability will continue to spread, with ever increasing speed..if you could stomach the algorithm’s antics since December, then Novavax ( or more specifically, the regulators and governmental agencies ) just might inadvertently have timed their approvals and distributions perfectly… This company is focused First and foremost on those people’s living in areas the other vaccine makers can’t, or won’t, deliver to… Karma is bi***….
Buying VSTM, Hopefully it bounces from here. It was @ 5 less than a year ago.
Despite a moderately stronger US Dollar today, the price of Crude Oil is soaring
While other commodity prices are under a bit of pressure, I see that Crude Oil is very strong today. Perhaps this has to do with geopolitical events in the Middle East and with Ukraine? I don’t have the answer to that but I am pleased to see that my position in InPlay (IPOOF)(IPO.TO) is up +3% to US$2.48, and the huge rise in price recently seems to be sticking. There are strong fundamentals.
FCX has reported earnings From analystratings.net: Freeport-McMoRan (NYSE:FCX) announced its quarterly results before the market opened on Wednesday, January 26th. The company reported $0.96 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.97 EPS by $0.01. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis. FCX is down to $39.34. I sold my entire position recently as I didn’t… Read more »
New… https://corescientific.com/
Gatos Silver off almost 70% to $3.17 (US); skyler…
https://seekingalpha.com/news/3791680-gatos-silver-sinks-after-disclosing-errors-in-cerro-los-gatos-resource-report
Another battery company.. with sells..!…. https://www.fool.com/investing/2022/01/19/why-freyr-battery-stock-is-charging-higher-today/
Dollar strength is holding Gold, silver, and Copper from breaking higher
But let’s see how the morning trades play out.
Investors must now consider the possibility of a major war The Times Berlin reported: Denmark is sending fighter jets to Lithuania and a frigate to the Baltic Sea. France has offered to send troops to Romania. Spain is sending a frigate to the Black Sea. President Biden has put thousands of U.S. troops on “high alert.” We also know that the US is sending weapons and armament costing mega-millions of dollars to Ukraine and, like Canada, pulling Embassy staff from the capital city Kyiv. I reported this week that Beijing has installed their #1 hitman to control Hong Kong and… Read more »
Part of our problem here in the US is that much of the citizenry is so ill-informed about current events, much less about history. How many recall that in 1994, Ukraine joined the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) as a non-nuclear weapon state, and began to transfer all nuclear warheads to Russia? The United States, UK, and Russia pledged to respect Ukraine’s sovereignty and territorial integrity, abstain from economic coercion, and not threaten or use force against Ukraine. Russia continues to violate these commitments. One can make a good case that Putin declared war on US sovereignty and… Read more »
I disagree with this entire premise. The only place a Russian invasion of Ukraine is eminent is in the western MSM. Why do you think Russia would want to assume responsibility for that failed state any more than the US/UE does? the industry has been plundered, the intellectual capital has fled, and all that remains are russo-phobic crazies and some agricultural land. The only things the Russians want from this are Crimea, to not see the ethnic Russians in Donbass ethnically cleansed, and to not have NATO missal launchers on their borders. Crimea is done, and the rest can be… Read more »
Greg, Every trade we do in the market is supported by opposing opinions. In every investment plan, we should have considered a worst-case scenario. Sometimes our opinions and scenarios are based on misinformation but as each of us has intelligence and experience to rely on, we believe we have the ability to filter out misinformation. Yet, tens of millions of Americans still believe to this day that Trump’s presidency was stolen by nefarious means and I think that narrative is total b.s. So, life goes on, and with respect to Russia and Ukraine, one of us may be mistaken. I… Read more »
Hi Bill,
While I don’t comment often, the level of thinking on this blog and the ability to respectfully disagree is why I read here every day. Thank you!
re: Ukraine, lets plan for the worst and hope for the best.
For now, I will keep my focus on oilers & miners.
The world has a need for civil discourse. Thank you for you contributions here today.
Aloha! I would say the CVX and XOM of the world will profit greatly since I haven’t seen a solar M-1 yet. A wind power F35? Antiquated “plant based gunpowder” anyone? I would also remind everyone putin is a great scholar of WW2 and I am pretty sure his new little “putkrieg” he is planning won’t forget what happened to Hitler when he invaded Russia in the winter. He saw Trump as a US version of Khrushchev, unpredictable, meaning not the usual bribable career politician, and not beyond sending a US aircraft carrier into the Black Sea with the nuclear… Read more »
oN THE DOMESTIC ENERGY FRONT THE DEM POLICY IS BEGINNING TO CRACK……FOUR DEM CONGRESSMAN.IN TEXAS HAVE PETITIONED TO ALLOW DRILLING AGAIN ON FEDERAL LAND
kaimu writes: “Add in M2 is up 1.7% for Dec. The long-term average M2 is 0.59%!
You’re already playing it … GOLD and the miners!”
I agree that now is the time to buy the Gold, Silver, Copper Miners as well as your favorite Crude Oil and NG stocks.
Is Bitcoin almost dead, taking a breather, or in a state of recovery? For two days, BTC/USD has strengthened after a rebound from a cycle low of around 33,000 to a current price of almost 38,000. That is a remarkable move, but this is, after all, Bitcoin and much of the world is still wondering if it is a collectible asset or electronic money. As the BTC price plunged this month, driven lower after Russia banned cryptocurrencies and the Fed finally came out with their report on Central Bank Digital Currencies (CDDC), the non-believers rushed to get their opinions published.… Read more »
I think baz22’s interest in buying a potential cycle bottom in RIOT is an interesting speculation and probably a good one.
Let’s see how he makes out.
Nice open for RIOT (+8.1%).
Looks like baz22 nailed it.
https://www.bnnbloomberg.ca/gold
IVAN Special Meeting to be held February 1
To discuss and vote on proposed business combination with SES.
This meeting will be available to observe virtually.
Kathy Lien is someone to read re currency markets
As I scan investment articles that appear to be interesting, I have over the years found most of them wanting. But articles by FX trader Kathy Lien consistently leave me the feeling that she’s a person to listen to when it comes to currencies.
Like this one today:
Her impressive bio:
I see that the fx trading courses offered by her firm receive ‘bad’ ratings, but I’m not the least interested in that anyway.
Stick with ASA as the superior Goldminers Fund As Gyglass2 pointed out, the ASA closed-end fund is outperforming the GDX and GDXJ ETFs, the ones I say that the Bullion Banks short (along with Gold Futures, whenever they want to hammer the Gold market. ASA is much more difficult to short since it’s harder to borrow the stock. In fact, if the retail investor keeps their stock from being borrowed, the outperformance would likely be bigger than it is. If the price is at a discount to NAV, that could be a good time to buy. https://www.asaltd.com Fact sheet, including… Read more »
ASA holdings Country of Incorporation % of NAV
Speaks volumes
Been watching the chart resistance of nvta…
Adgi moving… closely watch retrace of last Thursday ( Jan. 20 ) move.
Bitcoin: Sure looks like a Cup and Handle. If what it looks like turns out to be what it is, the measured move is somewhere around $41,000- $42,000 I believe.
good start … $ 37,422.20..
Bill,
I understand that Sabina should be releasing the details of the project finance facility and the streaming transaction shortly. (They have also said that they are endeavoring to do financing without undue dilution.) Are you expecting that once the i’s are dotted and the t’s crossed on the financing, the stock price should respond favourably? Or is there still significant risk that the market judges the final arrangements as a bad deal in some way? I have been holding from $C1.85 and am thinking about adding another 50% before the press release.
Thanks.
Scott, I cannot give a well-thought-out answer yet. I have always considered Bruce McLeod, CEO of Sabina, to be a patient and conservative manager. I don’t see him as doing a very dilutive deal. But situations change so we’ll have to await the details, and take note of the market reaction. Sabina is a solid company with a very good Gold property in development, with good management, and good relations with the indigenous people in that region in Canada’s far north. SBB.TO and SGSVF may not be too exciting a trader for many people, but I hold both and together… Read more »
Thanks Bill.
Earlier today I pointed out the power of the USD to hold commodity prices in check
I also pointed out the war footing that the US and Russia seem bent on, which could alter that dynamic.
Apparently, it has. The Dollar is falling and commodity prices (Gold, Silver, Copper, Crude Oil) are rising, quickly.