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Bullboard - Stock Discussion Forum K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150... see more

TSX:KNT - Post Discussion

K92 Mining Inc > Stock steam hissing...
View:
Post by merlin991 on Mar 04, 2021 2:22pm

Stock steam hissing...

Powell didn't help today. I think stock market lets out excess steam. The Fed wants a mini blood letting to avoid a large crash later. Everything will go down in short term. Gold and PM will start climb again shortly after. 

Don't panic and sell any of your shares. If you have cash buy more or sell weaker plays and further add to your position here. Strong plays like K92 will lead the way back just like March/April.  

That's my take but do your own DD.
Comment by ITSTHELAW on Mar 04, 2021 2:31pm
If you a a long term investor in this stock, you don't need to worry about the day to day fluctuations. The stock market is clearly overvalued and a correction was/is inevitable. The stock market will recover along with gold and KNT. If you are selling now, you are missing a real opprotunity. JMO! 
Comment by ITSTHELAW on Mar 04, 2021 2:44pm
And Merlin, no disrespect but from the red across spread across the markets, I think it is rather obvious Powell's comments did not help today but the Fed isn't really in the business of causing mini crashes to avoid larger crashes! Again, JMO!
Comment by ITSTHELAW on Mar 04, 2021 2:52pm
This all short term noise imo. Too much liquidity out there (caused by the fed) and once the economy starts to recover, watch out! Going to be a lot of ups and downs for sure. Great time for day traders. 
Comment by themason on Mar 04, 2021 2:46pm
I agree with the part about buying KNT shrs but this is my take on what is happening, i believe the FED is beat and they know it, to my understanding Pres. Trump was in Switzerland to sign documents for the new quatum financial system, how this will affect the markets i don't know but i do believe they will go down and not a little, bigly, no one but those in charge will know how this will ...more  
Comment by cyber37 on Mar 04, 2021 3:23pm
The Pumpkin man was nowhere near Switzerland; he was likely talking to his lawyers desperately trying to avoid jail ….where he should be. The destruction he inflicted on the world and US is going to be painful for some time to come & that includes markets. Today’s carnage is in response to Powell’s comments regarding higher interest rates. Since there is so much liquidity out there bonds are ...more  
Comment by merlin991 on Mar 04, 2021 2:55pm
in fact... as we see in real time the bigger golds are already rising. The miners are making tons of cash. It is a risk off situation. Let's see how it proceeds. 
Comment by merlin991 on Mar 04, 2021 3:20pm
if you have been listening to the Fed heads over the past two weeks their comments on bond yields has been stand offish. They don't want a big crash in markets or housing but they do want a little of the exuberance off the table. This is purely to avoid a large crash which would damage things for a longer time. It's their actions that need to be looked at. They don't want treasuries ...more  
Comment by ITSTHELAW on Mar 04, 2021 3:28pm
Merlin, who are you to speak for the fed or their intentions, you should state these are your opinions because I really don't think you know sht about their intentions! You post this sht as though it were fact! Thought you seemed to know what you are talking about but see you are full of yourself! Lol. You should be on cnbc and bnn giving analysis! Again lol!!
Comment by ITSTHELAW on Mar 04, 2021 3:30pm
Again, not going to waste anymore time on your bllsht! Good luck!
Comment by ITSTHELAW on Mar 04, 2021 3:35pm
As more people get vaccinated and covid gets under control, this market is going to soar. Too much liquidity out there and then there is going to be an even bigger bubble! Jmo!
Comment by ITSTHELAW on Mar 04, 2021 4:13pm
Another bubble unless yields start to normalize. Historically low yields is the problem and how to balance that with the in debt economy is the problem they gave navigate imo.
Comment by merlin991 on Mar 04, 2021 4:52pm
Thank you ITL.  You getting worked up again!! Of course these are my own opinions based an what my analysis is. I don't want to constantly re-iterate 'these are opinions strictly of the author - DYODD'. I consider all stuff on the BB as that.  If you look carefully over my recent posts it's about YCC and stuff related to Fed actions that are meant to gently push markets ...more  
Comment by ITSTHELAW on Mar 04, 2021 5:15pm
What you do know is you have helped several people make serious money! You are truly amazing and you are the man. Your arrogance is unbelievable! You are nothing more than a poser. Nobody is pushing anybody off anything and we are not at a pivot point anything. It's a volitile market and that's all it is. No conspiracies, just a lot of investors trying to make money! Good luck to you and ...more  
Comment by merlin991 on Mar 04, 2021 5:19pm
Boy. Steam is hissing all right. Calm down
Comment by ITSTHELAW on Mar 04, 2021 5:34pm
Last post on this,  most of your post's are to hold on to your knt shares (and you have made millions for you and many followers) well you are only reguritating what I have been posting for a few years now! Short term noise aside!
Comment by merlin991 on Mar 04, 2021 5:41pm
There is no ownership on information. There is no race for who says it and when.  Please put me on ignore. You are too touchy. Try meditation and mindfulness. Peace.....
Comment by BlindBoy on Mar 04, 2021 9:29pm
Pretty decent article in Streetwise, where it appear that Peter Krauth ("Gold Resource Investor") pretty much agrees with your viewpoint.  Some snippets: " If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises. After all, what's changed since gold reached a new all-time nominal high over $2,000 last August ...more  
Comment by merlin991 on Mar 05, 2021 8:09am
Thanks for the article BB. I try to read material in a wide range. It pays to be informed. Lyn Alden George Gammon are a couple of favourites. Gold appears to be bottoming but it doesn't matter if it goes down more. The trend remains
Comment by BlindBoy on Mar 05, 2021 9:07am
What a coincidence!  Lynn and George are also two my very favourties, since they have great clarity in how they spell out potential scenarios and consequences. George's lessons simultaneously entertain  :)  Also, Lynn's personal story is so inspirationally amazing, considering she was homeless for years as a youth, yet succeeded in getting to university and garnering a ...more  
Comment by merlin991 on Mar 05, 2021 10:24am
She is on the autism spectrum. It is shift for many. It gives an ability to rationalize lots of information in a logical clear way. Once you can get past social anxiety early on in life you can use this gift well. I am on the spectrum too and even though I'm up there in age my memory beats most of any age. My son is high functioning autistic. So my genes went a bit too far. It can be very ...more  
Comment by merlin991 on Mar 05, 2021 10:26am
..a gift... And not shift
Comment by BlindBoy on Mar 05, 2021 12:07pm
Interesting ... perhaps I could have benefited from a bit of that spectrum :)  Since I retired 15 years ago, my memory cells went into strike mode, only making flashing random reappearances at moments of their own choosing :)  At least we're now in the computer age, where storage by hard drives can provide assistance :)
Comment by merlin991 on Mar 05, 2021 1:43pm
Real issue is that it comes with a price: social anviety and potentially severe pscychiatric issues.  It takes a terrible toll on many so be careful what you wish for. For many who are able to use it to their advantage it gives advantage in following mental tasks with clarity and purpose. A lot of scientists surgeons and artists have this condition. Meanwhile the good gold miners including  ...more  
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