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Bullboard - Stock Discussion Forum Finlay Minerals Ltd V.FYL

Alternate Symbol(s):  FYMNF

Finlay Minerals Ltd. is a Canada-based mining company. It is focused on the exploration and development of base and precious metal deposits in northern British Columbia. Its properties include Silver Hope Property, ATTY property, and PIL Gold Property. Its 100%-owned Silver Hope property covers approximately 213.11 square kilometers of ground surrounding the past-producing Equity Silver Mine in... see more

TSXV:FYL - Post Discussion

Finlay Minerals Ltd > ****Kaboom!! US BLS report today at 10AM...Silver & juniors
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Post by pulcan on Aug 21, 2024 8:13am

****Kaboom!! US BLS report today at 10AM...Silver & juniors

Kaboom!!  the only word for fire works that i can think of when this report by the US BLS comes out at 10am today. This is important as the bigger the correction on the numbers for the jobs data the worse it gets for the Fed on Friday when Jerome Powell talks in the afternoon. So the rate cuts he is thinking of in September can be much bigger or sooner!  What does that mean for Gold? well we all know looking at the numbers we are on a new 52week high and can reach a mania phase number of $2600 or more. However, what about Silver? what happened?  Nothing just a sleep until interest rate cut start and where do you want to be?  The juniors first as the minors need more help with higher prices with the cost to produce silver is hurting this big minors like First Majestic! They would need a lot of help so the juniors with solid projects and land for exploration is your best bet! I loaded up on Finlay Minerals over the years and always got better with more asset purchase, 50% stock holding by insiders and safe loacation in BC. They control the area and know the land around as they expanded with another purchase of SAY property.  So this junior is all about exploration, no debt and joint venture with majors who want to expand.  Right now see the latest project on SAY see the link..https://finlayminerals.com/properties/say-property/

Now as for the report this morning see the link as you are ready to check out the facts on the unemployment numbers!!  any high number close to 1 million we can see GOLD moves that remind me of when Trump won President....$75 dollar move in 5 mins!!  Or the move we saw last year when we pushed $2000 and jumped $150 bucks on a Sunday night.  see the link and get ready for 10am 
https://www.bls.gov/ces/notices/2024/2024-preliminary-benchmark-revision-release-date.htm

Now as for Silver price to move we will see a rise when interest rates cuts keep coming. So watch this video on silver and its a good one! So we know the facts as to why silver has just been sleeping until we see rate cuts. Junior space is where you want to be as no cost to hold good projects and assets.  As for the minors they a bleeding costs and need a much higher silver price to show improvements on production. First Majestic is a perfect example how they are at a loss and need much help.  cheers and load up on the juniors with good silver assets and tied into joint ventures.  Finlay Minerals has the best package and management team.  see the link https://finlayminerals.com/corporate/management/

Comment by pulcan on Aug 21, 2024 12:10pm
the numbers are in as we are -800k fewer jobs, see the link from BLS....this is not good and i believe many did not even know about this report. Kinda confusing from some as they are taking this more seriously. As for Friday Jereom Powell will speak in the afternoon.  All i can say is rate cut coming!  see the link....https://www.bls.gov/web/empsit/cesprelbmk.htm