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@ValueInvest The forecaster in me is having a vision of a permanent higher gold price around $10,000 and silver price of $500. We may get an overshoot to $20,000 or higher but gold will settle around $10,000 and will not drop back to $1,000 ever again. The financial system is shifting and I think we are going toward a gold based financial system at least for the next decade to transition from the distrust in fiat into the next currency system. Therefor I believe in holding $FR, $FF and $GOLD.V for the very long term (next 5 years and longer), because we will see a prolonged period of a gold era. I see the same long term change for uranium. 200 new reactors are built in the next decade and 50 reactors come back online in Japan over the next few years. In the last 50 years we had a huge shift of people migrating into million+ cities. There are currently a lot of problems with air pollution in these cities in China and India. The migration of people into million+ cities will continue, but the air quality must change. Nuclear energy is the lowest cost, clean air, 24-hour base load electricity and therefor reliable solution. A lot of uranium demand is coming, at a time where current large uranium mines are being depleted and no new major uranium producing mines come online. And considering the fact that it takes about 10 years to create a producing uranium mine from start to production. In my opinion, we are at the beginning of a uranium revolution, at a time where there will simply be not enough supply to feed the growing demand. The price of uranium will go to $200 and higher. I believe in holding $UEC and $GXU for the long-term. I have take a speculation in $API, which is mostly a bet on its geologist (James Sykes).
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from #gold.v,
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@Srini @ValueInvest , Leaving the price forecast aside, you seem to stick with "A-class" management. Good sign for making boat load of money. No one knows when though.
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@ValueInvest @Bimbeebop nice chatting, difference of opinion, that's ok. It is my opinion that gold and silver are manipulated. I think most people and yourself would agree with that as well. The price you see today is not accurate, but a manufactered price set by the banks. Whatever the real price of gold and silver should be is anybody's guess. As a value investor I don't look at the daily gold and silver price. To me the hourly or daily move from $1,260 to $1,280 does not matter. The price is just rapid changing blips on screen, determined by a paper (and not physical) market. I just know that they are extremely undervalued. And because of that the quality mining companies are undervalued. I hunt for bargains, that is high quality assets at a fraction of the price and then I take a long-term perspective (3-5 years). I only look at the price of a stock when I buy, to make sure I buy undervalued. Once I'm fully positioned, as I am now, I don't look at the daily price, but rather follow the progress of the business. I hunt for quality commodities (gold, silver, uranium and zinc), quality management teams (Keith Neumayer and Amir Adnani), quality geologists, and quality businesses with a resaonable resource deposit ( $FR, $FF, $GOLD, $UEC, $GXU, $API, $CNX). I dollar cost average, becuase I suck at timing. History has shown that the correct price of gold is the price that can back all paper money. If that will happen now, I don't know. But they sure have printed a ton of fiat world wide in the past 8 years. I realize that making forecasts is a fools game, nobody knows how high gold and silver will go, I just know that it will be a lot higher in the coming years, than where it is at today. But if I am betting man, I believe that the US Debt Clock http://www.usdebtclock.org/ comes pretty close to an accurate forecast. You should scroll over the prices and see how they come to that number. I think we will see a major financial crisis, that will lead to a global restructuring of the financial system. But people will have lost all faith in fiat currencies and will not want to accept any new global fiat replacement (SDR). People will demand solid money, therefor my reasoning that gold will play a part into that restructuring. It is the vital element needed for the masses, in the depths of a crisis, to accept a new financial system. Gold will bring stability and restore confidence in the financial system. At what price that will be, I don't know, but much higher than the price today.
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from #gxu,
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@lukejackson 45 million shares traded on $FF on the TSX-V today. 35 million right at the close.
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from #index,
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@BruceWayne $FF got crushed at the close
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from #index,
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@lukejackson Sort by descending on your volume and you see some staggering vol numbers. $OGC $FF $CNL $KL $ELD $PG
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from #index,
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@Acoth What happened at the close??
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@Goldfinger I doubt that Rickards was pumping $FF, that seems to be the stock most affected. Nobody was lining up for that 35 million share dump.
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from #index,
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@Let_them_eat_silver All things considered, a 10.8% SP drop is not all that bad considering 52.6 million shares exchanged hands (all exchanges). Think I'll search the sofa cushions for some extra change to add to my shares at a discount this Monday. No doubt , others plan to do the same
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@Let_them_eat_silver First Majestic is also looking quite tasty...will it breach the $10.00 next week ??... I love the smell of blood in the streets in the morning.
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@Newton I didn't realize that $FF was in GDXJ to begin with.
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from #index,
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@Let_them_eat_silver I’ve been in the mining industry for 20 years and I’ve never seen anything like this,” said Patrick Donnelly, president of First Mining Finance Corp., which the GDXJ owns 15 per cent of. “When the price of gold goes up, all the money’s going into these ETFs, leading to pretty crazy distortions overall.” Mr. Chiu confirms that a rebalance of this size is a rare event and can leave shareholders scratching their heads due to its sweeping nature. “When the performance of your fund declines due to a structural change … This change, even with a diverse investment, is affecting all the underlying names in your investment,” said Mr. Chiu. As for miners, Mr. Chiu warns that the impact on some of the smaller companies in the fund will be significant. “[They’ll be] less liquid with less people involved with them. The downside could be quite strong,” said Mr. Chiu. “Some of the smallest names like the bottom 10 in the ETF are not very liquid now, therefore when the ETF sells them, there is an opportunity where there could be significant impact on Friday.” Mr. Donnelly remembers the day the Vancouver-based company was added to the GDXJ on Dec. 16, 2016. While the move was exciting at the time, Mr. Donnelly has remained wary of how things could eventually turn. “It gave me pause. Something I’ve learned is that, yeah, it’s great to get in but when they push you out, it can be very difficult for a company,” he said. “The good news is that it’ll be a temporary phenomenon.” Mr. Donnelly added that because First Mining Finance shares are “very liquid,” the impact won’t be felt as much as it will for companies that are less so. It’s estimated that as part of the rebalancing, GDXJ will sell over 38 million First Mining shares, according to a report by BMO Nesbitt Burns. In mid-march, the company’s shares were trading at around $1 but traded as low at 57 cents after the fund announced the changes.... Meanwhile, on the retail side, First Mining Finance’s Mr. Donnelly sees a silver lining to a drop in stock prices. “It’s almost like the salmon run is coming, in terms of investors,” Mr. Donnelly said. “It’s an opportunity to get some quality names for a good price.” https://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/etf-rebalancing-a-bumpy-ride-for-junior-gold-miners/article35311350/
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@Highheat Bamabroker Retweeted Bamabroker I see very very very clearly a bottom forming in industrial metals here. There is already a "hint" of reflation there now.
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from #index,
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@Goldfinger Looks like I missed my chance to buy $FF for less than a buck.... https://crushthestreet.com/profit2017 #notreally
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from #index,
SEDI_bot First Mining Finance Corp. $FF just filed 1 reports. View full report: SEDI:FF
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from #insiders,
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BrianBitcoinBull Great purchasing opportunity. This must be part of the GDXJ re-balancing.
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@engineer 81 million shares traded Friday. Absolutely crazy...
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@Let_them_eat_silver Actually, Stockwatch is showing that on all exchanges, a total of 90.1 million shares were traded!
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@rustypants i hold a bit of this and have read through the posts in here from the past month. so if i'm understanding this correctly, the stock plunge is entirely a result of the GDXJ re-balancing and there has been no change to the material assets of this company or its intrinsic value. can anyone confirm my understanding? this seems like some sort of miraculous buying opportunity that's too good to be true, so it feels like i'm missing something.
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BrianBitcoinBull Got my stinker bid put in. Nothing like buying at firesale prices
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@racker It's that time again. FutureMoneyTrends refreshes First Mining $FF email #promotions. "Keith is the father of many profits, for himself and thousands of investors." #keithisthefather
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from #index,
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anonymous #Ameduri $FF #promotions taking over the internet today. Everywhere I go these ads follow me. FutureMoneyTrends.com/profit2017 and PortfolioWealthGlobal.com/profits2017
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from #promotions,
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@jamjam $FF
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from #hotpick,
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anonymous More emails from #ameduri
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@Vaughan $FF must have paid an absolute fortune to #FMT since the beginning of 2016 #Promotions
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@engineer They have paid quite the fortune - probably could have acquired another property with that $. The promotions appeared also be quite effective, minus this recent month or two of GDXJ selling and given FF holdings quite the premium.
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SEDI_bot First Mining Finance Corp. $FF just filed 1 reports. View full report: SEDI:FF
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from #insiders,
@marketwired First Mining Finance Releases Fourth Set of Assay Results from its Goldlund Infill Drilling Program @marketwired/first-mining-finance-releases-fourth-set-of-assay-results $FF $FFMGF $FMG #news/mining 12 of 12 drill holes intersect significant gold mineralization
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from #newsroom,
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@Vaughan Email #promotions by future money trends this morning telling me to sell everything to buy $FF. $$&
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from #index,
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@Let_them_eat_silver Don't do it Vaughan...it's a trick $ff
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from @vaughan,
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@engineer You just gotta get off the bandwagon before it tops! I have to say I still track FF since I was one of the ones that got on the FF train when it started... I bought into each of the targets it acquired and got free shares of FF each time. Sold out mostly at $0.9-1.10 with average of $.30 :) low average comes from churning takeover target shares. Hindsight very lucky, if I knew as much as I did about these little co's now as I did before, no way I would have held on for that long haha.
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@Vaughan Second email #promotions blast from Future Money Trends this morning. $FF is that urgent a buy I guess.
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from #index,
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@anomalloy Overnight News from $AGB, $AVP, $BMM, $BNG, $CAE, $FF, $GOM, $HRC, $OMI, $MEX, $PDN, $PGM, $RNX, $RYR, $TOT, $ZMS. Insiders buying at $ABR, $CLH, $CORE, $FF, $LUG, $MAG, $MAGE, $MYM, $NHK, $OOO, $QMC, $SNS, $TSN, and Ewan Downie buys 200k of $WLF @.16!,
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from #ninjapicks,
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BrianBitcoinBull Promotions from Future Money Trends to sell Bitcoin and buy Neumeyer Mining stocks. I swear this guy must be paying him a fortune.
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@RunningWithTheBull $FF is ready to take off with the sector... We need more promotion to get retail investors interested in the sector🤓
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@TheDarkKnight #Ameduri dropping successful haymakers on $FF #promotions Could this be a change in the winds for 2017?
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from #promotions,
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@StarFire @BrianBitcoinBull was on to something about $FF (which I own and love to see get made fun of), if you read the fine print in today's Future Money Trends, they were paid "a total of two hundred and seventy six thousand dollars" (that's $276,000?) ...I don't know if that's annual or just for a one shot, but that's a lot of cheese... Why they paid in real cash vs shares is beyond me.
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from #index,
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@indythinker @starfire what are you talking about related to $FF? Who got paid $276k for what?
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from @brianbitcoinbull,
@marketwired First Mining Finance Announces 2017 AGM Results and Commencement of Trading on the TSX @marketwired/first-mining-finance-announces-2017-agm-results-and $FF $FFMGF $FMG #news/mining
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from #newsroom,
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@StarFire @indythinker 'future money trends' you can google it, if you subscribe to whatever it is they do, you'll get some nice emails to you now and then, telling you why $FF is the go to stock of the coming ripe your face of rally...just promotion stuff, google it you'll see
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@indythinker do you believe them about $FF?
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from @starfire,
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@ValueInvest Future Money Trends are biased in their stock recommendations, as they receive big compensation for the stocks they promote. I follow their stock recommendations, but do my own value assessment on these stock tips. You cannot blindly invest in anything they promote. Some recommendations are great, but an equal amount and more are very bad tips. I do have to say that I got quite a few of my holdings from their work, but I say again, that is after I have done my own due diligence. Future Money Trends are backing two of the very best CEOs in mining industry: Keith Neumayer ( $FR, $FF) and Amir Adnani ( $GOLD, $UEC). These are also holdings of Rick Rule and Marin Katusa, which I consider the best value investors in the junior resource sector. FMT introduced me to these CEOs and to these companies. I have studied these managers and these companies, and I conclude that these are solid companies.
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anonymous @valueinvest all the people you have referenced are slimy and focus on promoting their goods to investors new to the sector. buyer beware.
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BrianBitcoinBull Good to buy when people get bored or hate the commodity. Because you can be sure like clockwork once there is even a smidge of excitement the Pumpers are going to be out in full force and have a chance to exit. Seems to be like every 3 months FMT goes on his crazy Pumping of Keiths companies, next month it will probably $GOLD so might want to be prepared for it.
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@rustypants sooo does all the paid pumping mean $FF is a rotten pick and I should exit if I'm green right now? Or is there still an upside here?
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@TheDarkKnight @rustypants no it makes them smart and prudent with investors money. Believe me, you do not want to be trapped like a rate on one of these stocks that has no marketing budget.
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@StarFire Anon once posted "ANF TREK NAK AKG" ...I guess when 'promotions' work you're a hero, and when they don't work...people get upset...Doing one's on DD is a must...but when Gold is going up everyone is a genius and its easy to be influenced in this space
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@StarFire I like $FF because when gold breaks out to insane levels and everyone is going nuts, you'll be hearing from them and this thing should skyrocket
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@StarFire ..but a company like NRG also had results and that's skyrocketing too
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