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Looks like the Swiss have been more careful about the value of their currency. Back then I think they had quite a bit of gold, less so now I think. They were smart to stay out of the Euro system.

Cheers

Something to think about. Re profitable versus loser companies. Sometimes when a sector gets popular, frenzied panic buying, like the early dot come days for example some non related companies change their name to sound like it’s one of the popular group to get attention from investors that will buy anything that has the right sounding name. I can’t think of any right now maybe you can. Even dead turkeys fly in a hurricane?

Don’tcha remember the times the PMs sector got hot? Every idiot on the planet was jumping into our sand box and drove things too high, then it crashes and the newbies bail out and drive them too low. I’m holding decent miners that were too cheap to sell.

If your bored, I posted lots of ideas recently just look for old posts. I called the bottom on Nat Gas. On 10/24 I mentioned UNG at $18.64, UNL at $19.86, GAZ at $22.96, BOIL at $36.

I told you all about a group Nat Gas Storage and Transport tickers TRMD ASC INSW STNG etc back in August I think.

Also some short the market ETFs like SOXS TECS QID SCO and TZA.

In the early 1960’s I spent several months working in Switzerland .
At that time the dollar bought 4 Swiss Francs .
Now they are virtually at par .

I have a idea. Look at it this way.
If you had two farmers and one had a good crop and the other didn’t have enough fertilizer or a drought hit and the crops failed so now he can he even pay his loan back “ and in this case I think they need help to save the farms,” but not gonna happen in mining. The ones with the crops are going to benefit from less availability but the other one has nothing to sell even if the prices go up.

I may feel like many bugs when something is due but don’t try to speculate on it.
That’s no different than gambling your money away. It reminds me of that game roulette game where you can bet on red or black. It hit one color multi times and people throw all this money on the other “ because it’s due.” I did figure out that game although I only saw it a few times but won a friend I met up with in Nevada a lot of money on it once when he asked me to take over for him for a while.
It wasn’t the colors it was the numbers and the velocity of the wheel with the little marble spinning around to where approximately it was going to go to next. Then my friend comes back goes wow I gave it back to him and what did he do give it back and those colors were part of it because they were due. Frigging idiot.

Physical is one thing, producers making money are one thing but we’re not in a environment that gold likes. The ones in debt and not making money, it’s not going to make a difference if gold goes up or not if there NOT producing it or enough to both pay their debts and make money off of it. Maybe a day or position trade and risky even then if the market is in a situation that’s good for gold but right now it isn’t. Even with the dollar going down I don’t think that’s gonna last but you just have to watch. It’s not just the dollar so would likely be temporary anyways. And with these miners not making money plus energy costs going up with it there at real risk of going under right now.
If your gonna go long I’d stick with the established producers that know how to run a business not some guy who the thinks they hit the jackpot somewhere not sure how much and no clue how to run a business and no money. Once it gets going maybe take risks but when then be careful if they need money because by then if they do borrow and can borrow is the question and not established theres gonna be high interest attached to it so they better be making money to pay it or day trade the specks and get the heck out.

They have been falling ever since that month. While everything else went up. So they are past due to gain popularity. The regular stuff was on the moon Jan 2022, so they were past due for a bear mkt, they only just started their bear mkt, and miners are past due for a rally. The miners need higher gold prices, that the bottom line. And we all saw gold going from $140 to $850 as rates went from 5% to 21%.

I have to stop being a miner stock therapist now LOL. So, we all have to ask ourselves if we think gold will make new all time highs above the old $2050/oz highs last march. The USD was very low at 89 in march 2021, and it got very high lately 114 in late sept. It went down below 110 last week, on a possible dead cat bounce now to 111.

Re the Fed raising or lowering rates before the elections next week. At first I thought they would lower them to help a dow rally and democrats win. But if they raise rates Wednesday, it might suggest they are still scared shit of a runaway inflation, and or they want and need the thrifty and practical republicans to win.

This Marxist control of the schools has been a long time coming. It’ll take a long time to rout these effers out. Probably be a lot of private schools established in the meantime.

Well I look at it this way. If they were not over bought in a bull market they’re sure not gonna be in a bear market. Especially if there like Zelensky yelling give me more. I need more money and not enough income to pay it back. This is not a good time to speculate on stocks not earning enough money to run their company yet alone make a profit. How long can they last before running out of other people money. Oh don’t give your money to a company that can make you money give it to me so you can lose it. I’m sure everyone here got burnt by one or more of those mining company’s.
The Fed had got the investors scared right now. That they’re going to raise the rate to 5 percent and that they are going to expand the rate hikes past February.

The idea of CBDCs scare the hell out of me! If people were more aware the populace would never let it happen. As it is many people would welcome it because it’s “convenient.” Sheesh

Including titbits from the DUI, he paints a picture that generates tons of questions.

Cockamamie Story

The miners were not overpriced, everything else was. Energy related stocks are popular these days but the mob or herd isn’t on to it yet and may be already fully invested and sitting on losses with no cash. Energy and metals are most important. Not cell phones and technology. Technology needs energy and metals to produce technology. Metals and energy don’t need technology. We did moon landings and 747 aircraft without computers. Technology is bull shit for advertisements.

With a lot of these junior and micro explorer type mining stocks history I wouldn’t be surprised of continued selling the stocks driving them down as well as reverse splits and any investor crazy enough to risk speculating on them them will be throwing good money after bad in them losing it. Some may be bought out if they have the real goods not just say they do while others go bankrupt.
It’s a time to be looking at their dept to income ratio.

Looks like parents need a parent Union and be calling the FBI on them.
Purge them from their schools, send them to Cuba. Then implement more stringent hiring practices where they know what their job description is, a background and social media check and who has legal control of their children and it’s not them and not deviate from it or grounds for termination. Period

Re:
Or kill overboard speculation that drives up real estate and stocks.

Those speculative stocks will be mining stocks too as the interest rates on lending rise.
And what was the Fed doing buying up all those mortgage backed securities and whom
Are they going to unleash them on?

on GROY’s best royalty (3% Odyssey royalty Canadian Malartic Mine) and  on their earnings release they show production at end of Q1 2023.  That will be Canada’s largest underground mine that increases  the mine life for a couple of decades.  Groy PR guy said this Malartic Mine life extended to 2050 on media interview on groy website

GROY,  only 130 mil shares, stock price is cheap.

from Yamana earnings release

• Initial expansionary capital spend through to the end of 2022 is expected at less than $150 million (50% basis), with over half of that spend supporting ramp access and development of the Odyssey ore body. As underground development has now entered areas with established ore, once the plant feed commences in the first quarter of 2023, immediate return on capital spend is achieved and, as previously disclosed and discussed below, gold ounces produced will subsidize the further and more significant initial expansionary capital spend.

Hi Ipso,

Probably less than one out of a thousand people know who the guy in this 45 second video is.

Which is a shame, because like it or not, CBDCs (Central Bank Digital Currencies) are coming.

The guy is Augustin Carstens, GM of the BIS.

Hear right from his own lips what the BIS has planned and why they want it.

https://youtu.be/rpNnTuK5JJU

Agustin Carstens, GM, Bank of International Settlements, the Central Bank of Central Banks  (Management of the BIS)

I don’t think the PTB can do much to alter the future. A real shi* storm is coming!

Back in the 79-80 era the Swiss Franc and German Mark were used as inflation hedges to the depreciating dollar.

All they can do is use scare tactics. Like even the USA hiring 87,000,000 IRS agents won’t change anything but maybe make a few people nervous and other people talk about it. It’s all just talk, hot air. Now, higher rates, they do something, hurt the wrong people that need loans.

Or kill overboard speculation that drives up real estate and stocks. Those two markets added mega amounts to the US money supply of a lot of people that can pay cash and don’t care about the cost and drive prices higher for regular people that need to borrow for a higher priced car or house.

New Dutch law being prepared:

Banks need to monitor ALL payments from 100 euro

This is probably connected to the planned CBDC’s, where small payment still will be anonymous, while larger will ALL be registered and monitored pic.twitter.com/cQOHyaBfSd

— Willem Middelkoop (@wmiddelkoop) October 30, 2022

But a phone call between the two leaders in June played out differently from previous ones, according to four people familiar with the call. Biden had barely finished telling Zelenskyy he’d just greenlighted another $1 billion in U.S. military assistance for Ukraine when Zelenskyy started listing all the additional help he needed and wasn’t getting. Biden lost his temper, the people familiar with the call said. The American people were being quite generous, and his administration and the U.S. military were working hard to help Ukraine, he said, raising his voice, and Zelenskyy could show a little more gratitude.

The proportion of Americans who are extremely or very concerned about Ukraine’s losing the war has dropped by 17 percentage points since May, from 55% to 38%, according to a Pew Research Center survey conducted last month. And the proportion of Americans who say they’re not too concerned or not at all concerned about Russia’s winning was up from 16% to 26%, according to the survey.

Comment:

Europe always has their hand out and always telling us how to live. There are many other countries out there to sponge off of. China is loaded with USA consumer dollars and USA business investments. There are also other wealthy countries in Europe that should contribute. I think some other countries should be the hero for a change. The only reason I can think of, why we are the only one to contribute, is we can just create money out of this air. But the Fed knows they better watch out the dollar doesn’t hit a tipping point and turn into toilet paper.

“Textbook Marxism”: Amendment 1 Would Be A Dream Come True For Chicago Teachers Union To Make Its Most Radical Demands

https://www.zerohedge.com/political/textbook-marxism-amendment-1-would-be-dream-come-true-chicago-teachers-union-make-its

Rupert Resources Reports Results for the Three and Six Months Ending August 31, 2022

https://finance.yahoo.com/news/rupert-resources-reports-results-three-164900395.html

OceanaGold Reminds CDI Holders of Final Date to Convert to Shares

https://finance.yahoo.com/news/oceanagold-reminds-cdi-holders-final-210000107.html

Gold Fields, Yamana Heads Defend Takeover Deal as Top Investor Balks

https://finance.yahoo.com/news/gold-fields-yamana-heads-defend-164135200.html

Galantas Gold Provides Update on Recently Completed Private Placement of Units

https://finance.yahoo.com/news/galantas-gold-provides-recently-completed-070000284.html

GR Silver Mining Intersects 44.5 m at 518 g/t AgEq Including 6.5 m at 2,101 g/t AgEq in the Footwall and Hanging Wall of the Main Mineralized Zone at the Plomosas Mine Area

https://finance.yahoo.com/news/gr-silver-mining-intersects-44-101500615.html

MAKO MINING PROVIDES UPDATE ON ITS SAN ALBINO OPERATION IN NICARAGUA

https://finance.yahoo.com/news/mako-mining-provides-san-albino-110000730.html

Victoria Gold: Files Technical Report on the Raven Gold Deposit, Dublin Gulch Property, Yukon, Canada

https://finance.yahoo.com/news/victoria-gold-files-technical-report-120500411.html

Hanstone Gold Provides Update on Exploration Program at Doc Property, British Columbia

https://ceo.ca/@globenewswire/hanstone-gold-provides-update-on-exploration-program

Turquoise Hill Announces extension of the proxy deadline for the Special Meeting to 6:00 p.m. (Eastern time) October 31, 2022

https://ceo.ca/@businesswire/turquoise-hill-announces-extension-of-the-proxy-deadline

Silverton Metals Corp. to Change Name to Lodestar Battery Metals Corp. and Announces Preparation of Resource Estimate at Penasco Quemado Property

https://ceo.ca/@newsfile/silverton-metals-corp-to-change-name-to-lodestar-battery

Delta Completes Follow-Up Drilling Program Where It Recently Intersected 11.9 Metres of 14.8 g/t Gold (31.0 Metres of 5.92 g/t Gold) at the Eureka Gold Deposit, in Thunder Bay, Ontario and Further Expands Land Position

https://ceo.ca/@newsfile/delta-completes-follow-up-drilling-program-where-it

Sailfish Provides Update on its San Albino Gold Stream and Royalty

https://ceo.ca/@newswire/sailfish-provides-update-on-its-san-albino-gold-stream-fea1d

Elevation Gold Announces Recent Exploration Drilling Results that Continue to Demonstrate Moss Mine Expansion Potential and Announces New Drilling Program to Begin in November 2022

https://ceo.ca/@newswire/elevation-gold-announces-recent-exploration-drilling

Sierra Metals Receives Non-binding Letter of Intent From Compania Minera Kolpa

https://ceo.ca/@businesswire/sierra-metals-receives-non-binding-letter-of-intent

Northern Dynasty: Pebble Partnership Expresses Extreme Disappointment in Response to Transportation and Infrastructure Committee Report

https://ceo.ca/@accesswire/northern-dynasty-pebble-partnership-expresses-extreme

WESTERN COPPER AND GOLD PROVIDES UPDATE ON CASINO ASSESSMENT PROCESS

https://ceo.ca/@newswire/western-copper-and-gold-provides-update-on-casino-assessment

Arizona Metals Corp Announces Receipt of Western Target Drill Permits; Fully Permitted and Funded for Upcoming 76,000 m Phase 3 Drill Program

https://ceo.ca/@businesswire/arizona-metals-corp-announces-receipt-of-western-target

Canada Silver Cobalt Announces New Assay Results at Castle East with up to 2,900 g/t Silver and 1.05% Cobalt over 0.50 Meters

https://ceo.ca/@newsfile/canada-silver-cobalt-announces-new-assay-results-at

Orosur Mining Inc Announces Results for First Quarter Ended August 31, 2022

https://ceo.ca/@accesswire/orosur-mining-inc-announces-results-for-first-quarter

PureGold Applies for Initial Order for CCAA Protection

https://ceo.ca/@globenewswire/puregold-applies-for-initial-order-for-ccaa-protection

Austral Gold Files Q3 2022 Quarterly Activity Report

https://ceo.ca/@newsfile/austral-gold-files-q3-2022-quarterly-activity-report