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@Let_them_eat_silver 12 of 12 drill holes intersect significant gold mineralization
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@kjm $FF is getting hammered because funds in the know are front running the big gdxj dump. By June 17, gdxj has to sell around 50mil shares which represents 21 days worth of selling on an average volume basis.
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anonymous @kjm $GDXJ $FF $TGZ  Regarding the GDXJ re-balance... a number of comments on the various CEO.ca threads are making it seem as though the fund manager (VanEck) is going to dump portions of certain ETF holdings by a certain date (or within a short-term time frame). Could you provide a link to any official documentation which supports that contention? For background, the $GDXJ ETF seeks to replicate, as closely as possible, the MVIS Global Junior Gold Miners Index. If you read the information on the VanEck website, you will see that it is the rule change for the index that is being implemented on June 17th. There is nothing I have read which suggests that the fund manager of the ETF must then complete concentrated sales of the necessary securities within a set number of days. Some writers on the internet have taken a look at the position sizes for securities that could be subject to selling and compared this against average daily volume, in an effort to calculate the minimum number of days that would be necessary to complete the selling. But there is a big difference between making that calculation and then assuming that the fund managers will seek to eliminate the positions in the minimum possible period of time. They are not crazy and will not necessarily dump large numbers of shares into limited bids. Isn't it possible that the fund managers will complete the rebalance over an extended time frame, to avoid adding additional pressure to the security prices? Is it also possible that the companies who will be impacted, could look to arrange for block purchases by interested parties, to partially or fully off-set the upcoming sales? I have no particular information as to how the fund manager will complete this re-balance (or whether certain companies will try to facilitate work-arounds). But I think these alternatives are worth considering, rather than assuming the worst.
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SEDI_bot First Mining Finance Corp. $FF just filed 1 reports. View full report: SEDI:FF
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anonymous @kjm $FF $TGZ that's my point -- you are linking to an opinion piece on the re-balance, rather than anything official from VanEck. There is nothing I have seen from them which suggests that they've got to sell 'x' number of shares of $FF by June 17th (or any other specific date). For disclosure, I do not own $FF but do hold shares of $TGZ, which is also likely being impacted by fears regarding the upcoming re-balance. We will learn soon enough how it all works out. Have a good night.
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anonymous @kjm $FF $TGZ Yes, I have seen the charts regarding speculation on the additions and reductions. Following is from the VanEck website (and their discussion of the Index Rule Change): "Certain of the information provided above for MVIS Global Junior Gold Miners Index reflects an application of the announced index rule change to data as of March 31, 2017. Given that such rule is not currently in effect for the MVIS Global Junior Gold Miners Index and will only come into effect as of June 17, 2017, the actual composition of the MVIS Global Junior Gold Miners Index on such date may vary significantly from the information presented herein." That means that the fund manager is not yet able to determine what the revised composition will look like. And again, with regard to the number of days to complete sales -- that is based on average daily volume and not (from anything that I have read so far) a requirement to complete sales within a compressed time frame.
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@lukejackson You know what happens when the pump wears off, @Goldfinger @HRA-Coffin @TheGalvanizer $FF
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@HRA-Coffin Wow. up one cent on 9.5 million shares? $FF
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@RocketRed $FF Shares issued 543,468,233 plus 75 mil warrants and options #loadup
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@Allan eric, 1/2 a billion out on that $FF, the chart looks like the everhanging is underway.
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Anonymous $FF should not be in GDXJ
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Anonymous $FF should be in a Future Money Trends ETF...would be great as a short vehicle to hedge corrections
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@staffpro $FF raising cash to buy $ME for 30 cents?
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@sasquatchian I used to hold 40,000 FF shares @ avg .475. I`ve sold all my shres from 1.07 down to .62. I will possibly re-enter this market at around .40 if it hits.
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@jmm @sasquatchian well done. I just opened a foothold position at .60
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@tzeb To me I saw it, before this deal as a good diverse gold play. I am one of those that firmly believes that we will see much higher gold and a much shakier stock market in the next couple of years. $SSL and $FF, which I also picked up during its current pounding, seem to me the type of stocks to hold for that eventuality. This deal just gave us a bit more upside...
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@staffpro @tzeb if you see a shakier stock market why would you buy any stock for that matter, gold stocks got destroyed in 2007/8 downturn
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@tzeb They also came back a lot faster but you have a valid point - Percentage wise I hold a lot more cash than at any time in the last 20 years because of it. I doubt things will be as bad as 2008 - 2009 though. I simply think there is an awful lot of misplaced optimism around at the moment and shockingly little interest in gold. Something that has gone on for so long that once that tide turns I think it will turn much harder than what the gold industry is ready for.
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SEDI_bot First Mining Finance Corp. $FF just filed 1 reports. View full report: SEDI:FF
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@jmm $FF Keith Neumeyer got 100K at .61 yesterday, his balance 10.4M
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@FundamentalAnalysis @jmm He is a proper precious metals bug....he even mentioned in a promo interview (unless he is outright lying that he was basically all in...and sold his last piece of real estate. (I'm assuming his principal residence is still there)
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@CriticalInvestor Keith is a good market timer, when he starts buying, usually something of a bottom is in or close
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@Charliers @CriticalInvestor very true, even if you don't like $FF Keith is a excellent guy keep eyes on when buying. Usually bottom
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@MiningBookGuy THIS stock is being DESTROYED - what I'm doing about it https://www.youtube.com/watch?v=kyaegvg10xw+ @TheNextBigRush $ANF $BGS.AX $FF $GOLD.v #timing #contrarian #mbgtrends #newbies #TheNextBigRush Great content! try not to skip through any of it...this is a valuable perspective. includes shout-out to @Jayfire!
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@BrianBitcoinBull Adding to my position. I love it when things I like are getting completely destroyed!!!!! Perfect example of why you can never have too much cash on the sidelines. People who are over extended are feeling the crunch. Me I sit back like and Alligator and strike. Absolutely wonderful!!! Nothing like when a sector is in a Tizzy!!!
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@sasquatchian Any comments on the effect that GDXJ selling will have on FF from here on out?
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@chatyak The correct answer is "no one knows" - but volatility should not be surprising. It's an extreme optionality play - so buy low instead of high :)
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@BrianBitcoinBull I don't think the GDXJ is done adjusting for another month. The SGT Report YouTuber had an interview with Keith where he talked about it some.
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@TheHolyBuyBull Something far worse than '08-'09 crash is entirely possible. Far more likely than it was in '07. Especially since the dot com crash was only 6 years prior. We are getting overdue and the longer the healthy market correction is made to wait the more extreme and harsh it will be. Position accordingly. #index
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@racker CrushtheStreet and FutureMoneyTrends with a huff and a puff for $FF Sunday and overnight. #promotions
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@Stargate2 Serious problem with the slide of this play
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anonymous $FF email from Portfolio Wealth Global just hit... PortfolioWealthGlobal.com/mineralbank and I see some Crush The Street action as well.
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@jmm @Stargate2 and anon please substantiate your comments so that you can be taken seriously.
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@Alan Selling my #bitcoin at $1300 is looking like a silly move right about now! One of the hardest things! I've been thinking about #speculating vs #investing recently. To clarify, investing is putting capital into businesses that make money. Speculating is taking advantage of government caused distortions on companies that are losing money. Doing both is important in my opinion. But weigh both up based on your own emotional and psychological makeup. I'm pretty sure many people on this channel don't invest at all and are 100% into companies losing money in the hope that the underlying commodity goes up. If so, be careful. I've rebalanced my own portfolio into 20% money (gold,silver,cash) 50% investments (royalties, dividends) and 30% speculations (junior gold, oil, uranium). My speculation percentage was higher prior to the recent breakdown. Ultimately, I'm looking for financial independence and yes I could have been lucky and the price of gold and silver could of taken off and my portfolio would have enabled me to reach that goal. Clearly as I'm writing this, it's not the case. We all will be able to stomach different risks and I have learnt my risk tolerance is lower than I previously thought. My plan is to generate enough income from my investments to then put into speculations. Whereas I have been focusing more on speculating in the hope of increasing my net worth so I could then invest. Perhaps the wrong way around. Other things I have learnt is to focus on large reserve, non-producing potential future mines. Kind of like, $SSP, $NAK, $FF, $GZZ, $GOLD. These have held up better (maybe excluding $NAK) than other mining companies like $ANF and many of the producers. For a start, they are not selling gold and silver at these cheap prices. Investment wise, I'd look at the royalty companies. Really liking $OSK, $SLW and a few others. Just some thoughts I've had over the last week or so.
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@staffpro @vaughan i feel like it's trying... even $FF is up 11%, this deposit was suppose to be higher quality than flooded random mines all over the place.
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@StarFire #visualcapitalist makes everything awesome, this makes me want to buy more $FF http://www.visualcapitalist.com/company-spotlight/first-mining-finance/
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@StarFire ...can't wait to receive my dividend..I hope they pay gold coins $FF
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@TheHolyBuyBull I share your enthusiasm on $FF @StarFire. Doubled down at .59
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@BrianBitcoinBull Much agreed. I always like buying the heavily promoted stocks when times get a little rough. Tend to get both overbought and sold depending on the sentiment in the market. Can make some goods trades.
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@TheHolyBuyBull Sold half my $FF and $KNT shares today. It'll probably go higher.
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@HRA-Coffin Interesting that both $FF and $KEN are off marginally on decent volume. Money swapping one set of pumps for pump du jour $Z? Implies FMT et al having trouble drawing new money,
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@FundamentalAnalysis @Alan Not trying to convince just giving a take on things...My knowledge on how promoters/brokers work in London is based on the fact I've worked in the financial services industry so understand the flow of information and how things work. My opinion however is me extrapolating it to Future money trends #FMT assuming they operate in the same way. I believe katusa is smart but if you are going to join him, get in at the same price levels. I still hold $uec for that reason. I'm not against promotion, but don't believe in just buying a stock based on promotion (given conflicts of interest). When I first got into this sector I didn't know much (in fact I'd never invested in the mining sector didn't even know the difference between reserves and resources etc...)....by end of 2015, I bought into various companies like Brazil resources, and closed for between 600-800% gains given the FX benefits, and had it have not been for CEO.CA and various educational channels/conferences and pros like brent cook and other users on here....I would have probably thought I was in complete control in knowing what I was doing and the risk of getting caught up in my own bs was there. (That's the danger when you do something, the approach works and you then think that your approach is sound)...and that's the only thing one should watch out for..I still have an inclination to believe $FF, $GOLD $UEC etc are all going to do well when the underlying metal prices improve, so not a bear on those stocks like others, but at the same time, especially with $FF and $GOLD knowing that the companies need much higher prices to move forwards, there is a lot of risks holding these and you have to believe promotion will continue to be effective or metal prices will move up substantially. (Hence why I sold my positions). #newbies
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Anonymous Anon, that is because the sector had the second strongest 6-month rally in its history. Turds like $GOLD $FF and $KNT flew. I'm talking about a short vehicle at market tops, not when the sector is running.
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from #z,
@marketwired First Mining Finance Releases Third Set of Assay Results from its Goldlund Infill Drilling Program @marketwired/first-mining-finance-releases-third-set-of-assay-results $FF $FFMGF $FMG #news/mining
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anonymous Can anyone explain if the Assay results for $FF are good or bad?
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@chatyak Good
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anonymous Thank you
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