Maddog
If those peasants don’t have any bread … why don’t they eat cake?
What did I say the Banque de France thinks about the Scum partying on Lloyd’s tab in the Hamptons
that they would pay off the French deficit….well here is proof….prepare to hurl…
Meanwhile In Southampton… $27,000 Bottles Of Champagne
http://www.zerohedge.com/news/2016-06-02/meanwhile-southampton-27000-bottles-champagne
farmboy…
I would swear by sprott pm trusts. but I think its more for the holdings long term and not a tradeable. its especially good for holding silver which is real difficult in hand for storage of glumpy bars that come 20 to a pallet and you need a forklift too. rather have sprott store the silver and yes an honest etf fund doing a silver or gold or platinum trust take your pick. my silver holding is in the silver trust imo a very secure etf. in fact I hold the cert in trust to my grandkids. that’s how sure I am of the integrity of sprott funds and trusts. hope this helps. wankajohn wj
food…
-
THE FOUNDATION
“[T]he government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government.” —James Madison (1794)
- wj
A contrary view makes this bullish, or at least provides a bottom
Option buyers are 4 to 1 in favour of puts in the miners.
As mining stocks rally, option bears are on the prowl
http://finance.yahoo.com/news/mining-stocks-rally-option-bears-152511994.html
Farmboy @ 13:44…. A Man’s Gotta Do What A Man’s Gotta Do!!
But if you gotta do it, please go over to Sprott and investigate their ETF’s. At least you won’t be providing ammunition to the enemy to use on us the way Obama has been providing it to ISIS.
Let your conscience be your guide Man. It’s not worth selling your soul to the devil for a few dirty dollars……and just remember my Friend….what goes around comes around!!
All The Best from Silverngold
Farmboy… ETFs?
Egad! I thought we raised you better than that around here!


Silver Train

Springtime in the Rockies
as the California Zephyr climbs the Sierra Nevada
http://www.railpictures.net/photo/578217/
Ororeef @ 11:22
I already have about 30 Canadian juniors so I’m quite familiar with that slice of the market, but thanks for the advice!
silverngold , Guess I Have Gone Off The Range,
I agree that holding a ‘core’ of solid miners is a must in hopes of gaining some reward in the future. And taking some profits along the way to purchase the best investment of all, physical ounces.
What I am looking to do for the moment, is to find ways to hasten the profits in my account and IF etf’s can provide the needed leverage I intend, with some luck, to take some of that bankster fiat and add to pile of ounces. In other words, Im going to change my buy em and hold em strategy in part to a more mercenary approach. Hopefully hit em for a few bucks and get out, to live another day. So far, my experience has been touch and go with the etf’s. Partly because I am new to that particular vehicle, and also in part because as you and Ipso point out, it is a rigged game and Im not sure I still understand the rules. Which appear to be stacked in their favor.
Thank you for your input. If I discover any chinks in the Wall St armor I will let you know. (grin)
Mike Swanson on Soros and GOLD…..Worth a few minutes to read!!
Here is the June issue of WSW monthly for
you in PDF:
http://clicks.aweber.com/y/ct/?l=C5vlD&m=3c_533CWayivQ7z&b=njvQS3CEzzdw4xQJoW1AJQ
-Mike
Farmboy and others on ETF’s
This is my opinion and I have yet to see anything to change my mind. As Ipso stated, ETF’s are nothing but derivatives!! Aside from Sprott, they were created by ENEMIES of PM’s, not their friends. They were created by banks and brokerages for the purpose of controlling whatever sector the ETF represents for the profit of the institution that created them. The key word in the charter of all these ETF’s is TRACK. They all state that they TRACK the stocks their ETF represents. Nowhere do they say they own or buy the shares they represent, although it is possible they could for the purpose of shorting the stocks in the ETF’s they track thus nullifying your purchase. So IMO these ETF’s, aside from Sprott, are nothing more than giant slush funds to control the markets, and I personally refuse to play their game.
Far better to buy the actual stocks that represent actual ownership in the sector. To do otherwise is just shooting yourself and everyone else in the foot. All in my Silverngold opinion!!
ipso facto @ 11:18 on June 2, 2016
The TWO previous sites a both CANADIAN they are where the JR action is
Ororeef
Thanks!
ipso facto @ 10:50 on June 2, 2016 ..Voy server not responding
If your looking for an alternative site for JRS try this
http://juniorgoldminerseeker.blogspot.ca/
or THIS https://ceo.ca/ excellent!
Brazil to see increasing investment, M&A as mineral prices stabilise
TORONTO (miningweekly.com) – In the wake of stabilising commodity prices led by a gold rally in the first quarter, the Brazilian mining sector is set to play host to increased investment and mergers and acquisitions (M&A) activity. Host to miners such as Yamana Gold and spin-out Brio Gold, Eldorado Gold, Belo Sun Mining, Brazil Resources, Crusader Resources and Anfield Nickel, gold was expected to take much of the limelight in terms of improving investment and M&A activity over the next few years on the back of an improving gold price, according to research firm BMI Research, an affiliate of the Fitch Group Companies.
In its latest ‘Industry Trend Analysis’ sent to Creamer Media’s Mining Weekly Online on Wednesday, BMI had found that much of the activity over the coming quarters would be spurred by major producers looking to sell core assets in a bid to reduce debt loads. “Although Brazil’s gold sector contributes a relatively small proportion to the mining industry value, we expect improving gold prices to spur particular interest in projects in Brazil,” BMI stated. The firm had recently upgraded its target gold price to $1 500/oz by 2020, on the back of increasing inflatory pressure, expecting gold prices to edge higher over the coming months to average $1 275/oz in 2016. According to BMI research, higher gold prices would boost miners’ plans to restart or accelerate development of projects in Brazil. For example, Canada-based Belo Sun Mining had in March received a $4.4-million investment from Sun Valley Gold for an 18.2% stake, and a $4.7-million investment from Agnico Eagle Mines for about a 20% stake. Belo Sun had stated that it would direct the proceeds toward the engineering and development of the Volta Grande gold project, which was suspended in 2013 over an environmental licence delay. Further, on May 9, Yamana Gold announced its $52-million purchase of the Riacho dos Machados gold project, from Carpathian Gold. In the first quarter, Lara Exploration announced plans to acquire the early-stage Serrita and Tocantins gold projects and Anfield Nickel-acquired Magellan Minerals for about $19-million to develop the Coringa gold project.
Maddog
Thanks for setting me straight. I’m not familiar with those Sprott mining ETFs.
Ipso-facto
it’s not GDXJ…it’s the newish Sprott miners ETF…SGDM…for the senior miners and SGDJ for the Juniors.
Farmboy
Pleasure,
I haven’t done all the maths but in the PM Miner ETF’s, NUGT the 3 times Bull is currently $ 75 …GDX is 22.80…u can buy 3 GDX for well less than 1 NUGT and have no gap problems.
I just checked the Sprott SGDM…that is @ 21.00…3 of those are way less than 1 NUGT !!!!!!!!
overton @ 9:53
Thanks for the reply. Your strategy and mine seem to be about the same. Don’t get off the Bull! ![]()
I’ll check out the podcast.
Cheers
PS If China is looking for a huge copper deposit I know where they can find one!
