I-80 Gold Corp T.IAU

Short game/long game...starting to get interested...

[metalhead666]

Too many, if not all of you, are entirely short sighted. You cling to a story and hang on every tick up or down as if it had real significance....it doesn't.  On the other hand if you are one of the rare people who play the long game you often lose sight of meaningful short term influences and end up long suffering before your thesis can play out.

Two things....

As Buffett said...."price is what you pay, value is what you get"

and

There is no "Market" only a casino full of gamblers and manipulators where as Buffett said....in the short term it's a voting machine and in the long term a weighing machine.

What's my point you ask?

In the short term it was obvious that gold and gold miners had a decent run. It was warranted given the prevailing thinking that the global economy was headed for recession.  However...that narrative was overruled with the FED's "higher for longer" boot stomping economy wrecking mantra which should have been your wake up call to exit the gold "trade"

What about the long game you ask?

Well it's simple....with talk of a Fed Funds rate of 6% ....from zero in a straight line....the fastest rate climb in all of history...and a planet awash in some 400 TRILLION $ in total debt (give or take a few hundred billion between friends)  It should also be obvious that an economic train wreck is inevitable if not imminent.

Back to short term vs long term....in the short term this clearly means fear, loss, bankruptcies, defaults, economic slowdown and eventual train wreck

In the long....or should I say medium term...6 months or so....it means the omnipotent criminal central bankers will once more be confronted with letting it all burn to the ground or pouring more gasoline on the fire because that's the only liquid availible in their "tool box"

This is when the real fecal matter hits the spinning blades and when gold becomes THE asset to own

We're getting close now....very close...so close in fact that despite gold stocks at risk of significant plunges as the "market" tanks....the risk of starting to accumulate has diminished if you're slow and methodical

I bought some SAND this morning...a starter position. Let the junior miners dilute themselves to death so long as they keep delivering gold to the SAND coffers

Skeena had some nice results....I-80 has been too quiet on the drill results making me wonder if they hit some dusters and aren't releasing the results until they can cover them up

Too soon to start positions here but they're on my radar again...I want them for next to nothing after they've been smashed to a fine powder and everyone has given up

Soon....

Long term/short term.....understand this and you won't overpay, over stay, over analyze or get too far over your skis.

Cheers!

[Ridgeback]

You sure have an audience for your save the investing world here and elsewhere using your name. What a load of BS. Just google this, dreamer. Lots of Meatheads out there wearing tin hats like this stock house poster and it fits his profile. Luke, Hummm and chant you will levitate like Gurus....There are no investors on these boards looking for you. It is just post and paste news related to the

[NineLives]

Lol, "started investing in 2020" that's like saying I understand the universe after 2 years of star gazing.  Yep, cut and paste that's all it does One paranoid report to the next. What I always find interesting is these Metalhead posters seem to think other posters are idiots when they have no idea who's hedging or trading what.  I'm sure this one didn'

[metalhead666]

You're such a sad case.  Hit the iggy button if you're not interested in my comments.  The open minded have had a very good year thus far following my lead.  You, not so much.   PS...There is only one original me.  

[pokinfun]

This post has been removed in accordance with Community Policy

[metalhead666]

SAND is cheap here....have a look too at Artemis...I started a position in them today too...very small to start https://www.canadianminingjournal.com/news/artemis-prepares-for-major-work-orders-blackwater-construction-fleet/

[NineLives]

Metalhead for someone who got out of the markets and put all their cash in GIC's you suddenly have a lot to throw around at the mining stocks you hate so much. just saying.

[metalhead666]

No.  I bought 200 SAND today as an oportunistic bet post earnings.  I then bought 400 Artemis on the thesis that their final permit is imminent.  That's all I own so far as risk assets are concerned.  As I've said for some time, I have 95%+ of my funds in T Bills yielding nearly 5% ....a couple of I Bonds ...some cash.  And enough liquid funds to day trade from

[NineLives]

Yep I get it, you promote a mining stock on here but put diddly squat of your own cash into it. All makes sense now.

[metalhead666]

No, you don't get it....I bought a lot of stock at $1.60 to $1.80 US...I unloaded all of it between $$2.90 and $3 because of the change in conditions....the FED, inflation, the market etc.  I intend to reload when it's a steal again because gold miners are and always will be "trades" not investments. I don't get married to gold miners, stories, fads, memes or anything

[diggin78]

There is a good deal of wisdom in this strategy which can be hard to process if one is focused too much on the 'potential' of a mine or mining company. The price fluctuations in gold miners are too wild to treat them as normal mid term or long term investments. They are much more appropriately treated as trading vehicles, as you know. It took me a couple years to figure this out but i'

[metalhead666]

Excellent advise. Spot on.

[Ridgeback]

Nine Lives. You got this fellow figured out. He's notjere to post anything about IAU just wasting time. I see he got stockhouse to remove my posting so the best thing to do is ignore him so people can see information regarding the companies they post on. Best Regards

[metalhead666]

Good idea. Iggy anyone that upsets your wish thinking and day dreams of riches.  Nine Lives has figured out nothing. His last bit of wisdom was gold to some magic number $1910.  Anyone who thinks that I-80 lives in its own universe and can rise independent of all the other factors that influence prices is fully delusional. More now than ever....all things are correlated...nothing is

[Ridgeback]

Hi! I am the Metalhead Investor! But my friends call me Luke :) zzzzzzzzget lost Metaltinhead!