Member Info for BuggerTheBanks

Also, I see there was a delayed opening of the LBMA this-morning due to "technical difficulties". Yes: they're playing THAT card again.

I suppose it would be "technically difficult" for the LBMA to deliver gold and silver when they don't have any.

Already down to $103.

This is a pre-emptive smackdown ahead of US strikes on Iran. Can't have PMs already at ATHs when that kicks off.

Gold is actually within $15 of yesterday's (UK) close, whilst silver is down about 1.5%, and yet we get clubbed like a baby seal.

🤡 🌎

The little guy is not allowed to profit.

@Mulder congrats on your trade. I was in at 18p and still holding, at least for a little longer, but getting restless wanting to take profits.

When FRES is still priced like silver was priced four months ago, the market cannot be described as "forward looking". If anything it's looking backwards.

Getting really tired of the persistent underperformance (relative to the metals) across the entire sector.

I propose a new investment strategy: buy metal to gain leverage over the miners.

🤡 🌎

We're going to wake up and find we own nothing (& presumably be happy about it).

The entire sector is underperforming the metals and has been for months. But Heaven forbid PMs drop a fraction and then watch the sector shat the bed.

If metals prices are going higher (& if recent form is anything to go by), the trade is to buy metals, not miners. For about three months now we've seen metals outperform miners.

Classic downside-only leverage in the mining sector AGAIN today 🤦

Today is CRIMEX options expiry (I actually forgot all about that). Had I remembered, it would've been obvious that the monkeys would be given hammers to play with.

SGE prices are higher as they include a 13% tax. The tax is only payable on actual delivery of metal, but it is inclusive in the quoted prices.

I hold a relatively wide selection (in far more modest quantities than have been discussed here 😳).

I use the ceo.ca forum to keep a handle on them. There's some good discussion over there, but like here, many are frustrated with the recent underperformance of the miners vs the metals.

Hecla has had a great run the last couple of weeks and is at last playing catch-up.

Coeur has only recently eclipsed it's October high (which was set when silver was $40 p/oz LOWER), so I'd suggest that has a lot of room to run.

Also hold Endeavour Silver, First Majestic and Fortuna Silver Mines (although the guys on the forum there point out that Fortuna is now more of a gold miner, despite the name).

If you want some excitement, take a look at Discovery Silver (DSV). They've been waiting for a permit for their Cordero project for donkey's years, but whilst waiting, they raised a load of capital and went out and bought a producing gold mine. That has proved a masterstroke. The shares, having bottomed less than two years ago at 55 Cents, now trade north of $11....& still without a permit. Hard to say how much the permit is already priced-in, but with the Mexican government promising to resolve all outstanding permit applications by the middle of the year, we'll know one way or the other soon enough. We, of course, have our own permit application awaiting approval...

Mining stocks across the pond are ripping higher today. Silver stocks up double-digit.

Bond yields de-coupled from Central Bank base rates some time ago. Cutting the base rate is no longer a guarantee of lower government borrowing costs.

QE & YCC on deck in 3...2...1...

NoelShempsky, do you have a link you can provide giving info on these new mine ownership laws that will be voted on this Friday?

Thanks in advance.

Since Monday night, gold is up $200 p/oz and silver is up over a Dollar, and yet we're DOWN? What merry feckery is this???

Pan American Silver are the new owners of MAG Silver: our joint venture partners of the Juanicipio mine. They have just published their Q4 production numbers and the figures from Juanicipio make good reading:-

"The Juanicipio mine exceeded expectations, contributing 2.5 million ounces of silver since the mine was acquired in September 2025 and a $44 million dividend received in December 2025."

Orisyvo is mentioned here:-

https://www.bnamericas.com/en/features/mexican-mining-has-us4bn-held-up-due-to-permits

Shanghai silver closed at over $103 (equivalent).

I expect the CRIMEX monkey will be given a hammer to play with overnight, to make up for US markets being closed today. Another good showing in China overnight might over-ride that and see us go higher again 🤞