I thought that today would be a good entry point into miners, but Aurcana and Dolly Varden are green. This makes no sense. Silver dropped so much.
Aiden Price
might get another chance this week, but the fundamentals are extremely strong in PMs and the PM industry, even if the entire market is shit right now.
Last smack down from 29 barely lasted 3 days, and the stonks were not a part of that one, this time it was a smack down on *everything* so stonks are down, and people are growing leery of paper markets.
Owen Clark
easier to fall when your getting stabbed in the back. the volume is really suspicious. again.
The word is spreading about PM’s. Look at the view counts on YouTube channels such as Palisade Radio and Peter Schiff. More people are paying attention. We still seem by all appearances to be early in this bull market, but it’s no longer a handful of “smart money” folks accumulating quietly. I think the dam is starting to crack and things like miners will see their market caps start to really increase.
Noah Sullivan
I'm not sure if I believe in manipulation yet, but it's annoying everyone keeps talking about this crash in miners and literally nobody is selling. I don't know how to explain it.
Ian Howard
This is me. I keep my heater off and wake up to 50 degrees. I get free natural gas too. I just think there is mold circulating through it and I don't want to breath that shit in.
Jonathan Scott
Why are you even here if you can't see the manipulation?
Hopefully it'll give me an excuse to larp as a medieval merchant and carry around a small pouch of silver.
Andrew Hernandez
Holy fuck I can't listen to anyone right now except Peter and Rule. Jesus Christ some of the retarded drivel is really hard to sit through. youtu.be/xoPhBAKqH1g Really appreciated Schiff dropping that oil producers are attractive last Friday. Completely right, even if due for near term pain.
Oliver Taylor
1 year of silver production in "paper oz" in a day?
yawnnnnnnnnn last time it was 2 years, they may have to print some more paper silver
Joseph Powell
Which miners are actually able to produce and not just speculation?
Jackson Mitchell
Sold all my miners yesterday for nice profit. I think it's down from here for a while. Will reload in Dec.
Ayden Russell
Oh and Ron Paul, I can listen to him. If anyone has other people to listen to, please share. Arcadia and friends are alright sometimes too.
Aiden Edwards
Totally normal market whipsawing, $0.50 swings in silver every 20 minutes is completely normal.
Wyatt Cruz
Most producers or near-producers already have large market caps (Alexco 500 million, First Majetsic 3 billion), but there are still some undervalued producer-explorers. Repeating from last thread:
1) Impact Silver. No debt, 8 million in cash; a producer for 10 years, market cap is only 150 million. Its property is colossal: 3x larger than the country of Liechtenstein. It is the 2nd-oldest silver property in Mexico, and has hundreds of abandoned silver mines all over it going back to the time of Cortez. The district has produced about a million ounces of silver per annum during the past 500 years, a total of half a billion ounces. CEO is a silver bull who has out-survived his competitors for 14 years, in bull and bear markets. Impact is the purest silver producer in the world: 90% of its product is silver.
2) Bayhorse Silver. 20 million market cap. 100% ownership of a real producing silver mine, with 12 million confirmed ounces, in a safe jurisdiction (Oregon). CEO is intelligent and careful with money: got the mine built for $7 million, when it ought to have cost $30 million. Respects shareholders, doesn't excessively dilute; answers e-mails and phone calls personally. Several PhD geologists are working on the project; Clay Conway and Stewart Jackson are particularly well-regarded. In addition to Bayhorse, the company owns two other properties: Brandywine, a historic silver-gold property, where visible gold was found in 2019, and Harrison, an important gold property.
