To buy more or just sit on what I have. That is the question.
Zachary Brooks
Im a college student and new to stacking silver/gold. Eveyone is telling me Precious metals is nothing but a meme?
Lucas Turner
I just got into buying silver like a week ago, I have 19 ounces. My goal is to hit 100 ounces fairly quickly. I also think you should buy.
Jason Richardson
I'm not that user, but I can shill.
The biggest takeaway right now is the correction in the precious metals sector should continue. I see little chance of a leg higher. Tomorrow will mark day 23 of the correction in GDX. The 2008-2009 analog shows the next leg higher began on day 43. I continue to look for GDX $37 and GDXJ $51 as potential bottom targets.
Generally speaking, there is about 10% downside in the miners. The ideal buy point could come over the weeks ahead, and perhaps after Gold breaks below $1920. Turning to the metals, Gold is at risk of a short-term technical breakdown. A close below $1920 could trigger a move down to the low $1800s. Gold closed Friday at $1934. Silver, which closed at $26.71 is outperforming Gold due to rising inflation expectations. But should Gold crack, Silver would come down to at least $23-$24. Both Gold & Silver have net spec positions that are somewhat elevated which means there is “fuel” to push the metals lower
There should be good entry points across many stocks over the days and weeks ahead, should my expectation of 10% downside play out.
the top 5 would be (in no order) Rio2, Minera Alamos, Liberty Gold, Osino Resources and K92 Mining.
It's a meme because they are using fiat-based rollercoasters or crypto or they're just fucking idiots instead. I'm 33 years old, I know more about finance than some 19 year old at business school, even if he's better at naming graphs after crabs and letters when he sees it.
Joshua Torres
Yes that's a pretty solid buy.
Connor Thompson
Lmao. One of you spergs just bought my lot of scrap silver. Thanks niggers.
Levi Long
Thanks for buying Ant.
David Perry
i laughed when i saw that.
Luis Hernandez
>for the prep the /BHLL/ anons and heavyrotation.
Here's an expert analysis of Bunker Hill from this sunday.
The mine has a very rich history of producing metals as well as toxins for the local population. That led the mine to be declared a Superfund site in 1982. Bunker Hill acquired the mine and after years of cleanup the EPA is allowing mining and exploration to recommence but the company has to pay the EPA $20M over 7 years. In short, the company has a lot of work to do and it won’t be cheap to do but the Bunker Hill Mine has strong potential to be a tier 1 silver project and one of the biggest silver mines in the world. The company just closed a huge financing and raised C$20.4M. They do have loans of US $2.1M and a US $5.9M payment to make for the acquisition of the mine. The total cost was US $11M and $4.8M will be paid in shares. Post-financing there are 137.4M shares out and 230.2M shares fully diluted. Roughly 34M warrants are exercisable at C25c and there are 58M (from the recent raise) exercisable at C50c. If all the warrants were exercised, the company would gain C$23M in cash. Fully diluted, the company right now has a market cap of US $85 Million. The Bunker Hill Mine has historically produced ~160M oz Ag plus base metals. In 1991, a resource estimate showed 59M oz Ag-eq @ 11 oz/ton. That accounts for only reserves and do keep in mind, pre 43-101 compliant estimates are unreliable. They could potentially drill 40,000 meters to begin exploration and they think 150M oz Ag-eq is an achievable resource. The value proposition for Bunker Hill is they could rehab and refurbish a mine that has potential to produce 7M-10M oz Ag/yr at a very low cost. Perhaps it could cash flow somewhere from $100M to $150M/yr (at $27-$28 Silver) depending on exact production. Given the valuations silver producers trade at, that would equate to a + $1 Billion valuation and perhaps $1.5 Billion to $2.0 Billion on the upper end.
Do you think silver gold is a good investment for a student? I dont really spend my money and I dont want to keep it in fiat.
Sebastian Bailey
BORN TO DIE WORLD IS A MEME Kill em all 2020 I am stack man 410,757,864,530 DEAD DOLLARS
Hunter Barnes
>continued
I don’t know what management thinks as far as the time and capital required to rehab and refurbish the mine so it can operate successfully. One thing to note is that part of the mine is flooded and will require de-watering. That could take 2-years but would be faster if the company could access the Crescent Mine which joins up with the Bunker Hill Mine at the 20 Level underground and has preferential and enhanced water discharge rites. The company is also thinking about the potential to consolidate several standalone mines in the 15 mile long Silver Valley. The combination of 3-4 operations in one company could create +600M oz Ag-eq and the potential to produce 20M oz Ag-eq/yr. Bunker Hill Mining is definitely a company to keep an eye on because if they can successfully redevelop this potentially world class mine, the stock has in excess of 10-bagger potential. But, they are just getting started, there is a lot of work to be done and it’s not going to be easy. The stock closed at C48c. If it dips below C40c, I’d be very interested.
Scrapsperg here, I didn't jew it from you, but it was a solid deal so another eBay scrapper probably grabbed it. Can't take too long deciding on new listings because others will see them too in short order.
Naw. It’s good. Just tryin to sell stuff on eBay because I’m moving. So I’ve been throwing shit up cheap. Might be throwing more scrap up soon. I’ll post it here, it’ll be a good deal.
Charles Barnes
Gold and silver are good investments if you have a long time horizon imo. Historically precious metals are good performers at inflation hedging and typically don't move with equity markets (although they are currently).
Juan Howard
What happens if some of the newly added COMEX refiners produce fake silver?
Does anyone know what kind of quality control systems COMEX has in place to prevent fraud?
I have finally filled the gaping chasm in my soul with 100kg Ag and now am satisfied with just 500 dollars per fortnight going to metals
Easton Martinez
>to prevent fraud >literally 100% fraud They got it under control
Christian Watson
Very ver interesting, if Bunker Hill can get some of those mothballed nearby mines into the company and operating they could help fund the dewatering and reconstruction efforts for the main Bunker Hill Project. To rehab that massive of an underground mine will take a long time and a massive budget.
Logan Davis
can i do this? i live in chicago. can i just buy spot price silver online and then walk up to the office like a chad and demand my money in real silver?
You can buy Asahi silver on provident metals for under $29.50 if you buy enough to avoid shipping (and possibly sales tax)
Jayden Thomas
I wish i could. I'm the biggest silver advocate on this multiverse. But i stacked a while back (in 2018 mostly) and my average is $16. I know silver will reach 4 digits eventually, yet when i put stuff in my cart and am about to click on the purchase button, i have a fucking mental blocking each time. I cant wrap my mind around purchasing for x2 the price i used to buy before. My last buy was back in march, and i'm craving it like you wouldn't believe.. How do i free myself from this tightfisted 'tism?
ps : i've a little less than 800oz total already, and even though it's clearly not enough for my tastes, it may play a part in my psychoblockage.
Just buy it, fren. Come on, you gotta break 1k toz before the big moon.
Isaac Long
I am curious. Has anyone purchased those $10 eagles? What is it actually? Aluminum or something?
Xavier Williams
If you're just wanting to sit on cash and not go into investments or spend you money in the short term, it's a diversification.
Ian Ortiz
i just tell myself that it's basically just a more volatile savings account so it's not like im just blowing cash on worthless junk from china unlike every other american, the comex and the lbma
Jordan Ward
one contract is 5k oz, so as long as you can afford that you sure can
delivery takes place in NYC and you have to be a weighmaster
Xavier Wood
The other two posters already spelled it out pretty well. Precious metals are usually a very long-term investment. Right now, you may be able to short them. If your goal is short-term, then precious metals are not where you want to be. If you want to collect a few a month, I think that would be a good idea, while investing in other revenue streams. I personally am thinking very long term at this point, I have dicked around in other financial areas long enough.
Ryan Morales
You don't think this is the final run, I take it?
Ian Peterson
That card would be cost 1 equip 1 in today's standard. Power creep is some real shit.
