MARKETS,Anybody even yet?

[olds442jetaway]

I actually thought about being a gold minor once. My friend had a dredge and another friend had property and streams in Vermont of all places. We actually covered expenses, but that’s about it. The black flies almost ate us alive. That was a loooong time ago. ( late 1970s ). In 1980, gold hit over 800 an ounce. Thats about what our expenses were. We had just under an ounce of gold for 2 weeks work. . Here’s a beautiful over 17g nugget that still has some quartz attached and was found in Vermont about a year ago. ( not by us ) wish!!

[dinghy]

I actually thought about being a gold minor once.

You were almost young enough to be a minor miner, or a miner minor .

Gold miners are red this morning, but uranium miners are visible from space!

URNM is +10%, NXE +8%, PALAF +15%.

I'm ringing the cash register.

I don't even know why they're up. Possibly it's because the Sprott physical uranium trust upsized its bought deal financing from $100m to 200m. Traders see money flowing in, and anticipate higher prices.

I don't see how this changes the fundamentals though. I like fundamentals .

[olds442jetaway]

Ditto. What was the percentage of our uranium that Hillary sold or gave to Russia?? I forget somehow 20% comes to mind

[dinghy]

What was the percentage of our uranium that Hillary sold or gave to Russia?? I forget somehow 20% comes to mind

Snopes says "unsubstantiated." I think that means it's true .

Before my CCJ sales, I think I was near 2% in uranium stocks. After today I expect I'll only be a little above 1%.

I've been up and down with my gold miner involvement over the years. IIRC, I got particularly heavy in 2022 because I felt gold was cheap and unloved, with an amplified level of disdain for the gold miners.

And all the gold mining stocks were hated the same, so you could buy quality (such as AEM) at distressed prices.

Three years later, I've dialed down because it's less clear that gold is cheap, and to an extent, quality has been discovered. AEM for example has moved from 40 to 125. Still my top holding, but I've sold many, many shares.

Overall I still view the miners as unloved. There's a disconnect because gold is popular in the East where they buy physical. When gold enthusiasm returns to the West, the money should flow to mining shares.