A long Rant....... I have been in miners for 13 years. Owning mining stocks has been pure torment and torture. Purgatory exists right here, in the mining space. The majority of my portfolio is miners now. I have bought all the way down and strategically when no one else was. I have caught so many falling knives, I have no fingers left. I have done fairly well and actually made money by buying LOW and buying royalty companies in 2015. You HAVE to buy these stocks LOW or you will be screwed. I learned the hard way. I will see this Gold bull out to the BITTER end...when and if that EVER comes. I will hold all my miners until they become overvalued. When I sell, I will exit finance and investing and NEVER return. The toll this criminal FED fraud has taken on my psyche has been more than i will ever get back. I have years of misery and stress with nothing to show. Even if I make tons of $$$ in the end, it will NOT have been worth it. Owning physical metal has been fine. But the Miners......God help me.
I just wanted to share with you my personal experience with gold/silver, I was an investor I. The sector back in 2010 I got in too late I lost a lot of money I also wasn’t patient enough I did some stocks too soon or at a lose and than they went sky high huge mistake on my part I learned the hard way and so today I would rather see my stocks go to zero than sell at a lose especially when holding good companies. Gogold Aya silver Artemis blackrock silver Arizona metals and a few more on some I’m up a lot of other I’m down either way I’m not selling I will see them go up multiple times before selling !!!
Same story here down 400k with good mix of quality miners since 2011, no true price discovery in ANY commodity the regulators are in the banks bag the miners are share diluted out, no one wants to finance them and thats just how the bullion banks like it !!!!!!!!!!!!
5 years in and 70% down when everyone else I know who wasn't in the Miners got rich. I'm too invested to get out, but every day is abuse. I'll be dead before I get my money back.
A good cautionary tale, mining is a very tough business which is why most of the capital I allocate to that sector is in ETFs, big producers, and royalty / streamers.
I owned gold mining stocks before. They never march in tune with the price of gold. You would think that if gold prices rise, the stocks would rise. Not necessarily true. Sold the stocks.
Where can I find its entire market cap history? All the graphs only go back to about 2020, when its market cap was only a little higher than it is now.
In the US the penny stocks are like Hotel California, you can check in but you can’t leave. They’re highly illiquid, some of the only trade and few hundred thousand dollars a day so if you own $10k you might be 5-10% of daily trading volume. Most of the names discussed can’t reasonably be owned in the US.
Liquidity is an issue in some juniors, agreed. But FNMCF did over 100k shares today, AUMBF had a 400000 share bid all day today at .1050, etc. When gold hits 3000, liquidity will improve a lot in our opinion
@@feneckcommoditiesreport AUMBF traded almost 1M shares on January 22, On January 23 it closed at 12 cents. Gold in CAD almost $4000 today, 1911 produced at $1500 CAD traded at $1B in 2010-2011 timeframe.
@@sunnysider6350”almost” 1MM shares at $0.12 is about $100k. If I want to sell a $10k position I’m 10% of volume. You’re reinforcing my point that these stocks are highly illiquid and almost uninvestable for US investors. And during days of bigger price swings the bid-ask spread explodes higher.
I love it when you bring guests whom name the stocks they hold it makes it worthwhile watching definitely NOT a waste of time especially when it’s someone like John thank you both god bless.
Like other comments, my mining stocks have been at best below average. To the contrary, my gold and silver ETFs have mirrored gold and silver prices. Very comfortable with my physical gold and silver, will be selling mining stocks on any upward move.
1 00k shares at $0.30 per share is only $30k. Even if liquidity rises 10x that’s still almost nothing. If these juniors want to attract US investors they have to be listed on a US exchange and get off the pink sheets. Vanguard won’t even let you trade them in retirement accounts and Fidelity makes you sign off on extra disclaimer statements.
Left for Dead?!!! I should say so. When conventional stocks continue to grow, while mining stocks have virtually gone sideways for the last 10 years, why do you think very little investors have come on board. After 20 years in mining stocks, VERY FEW HAVE MADE MONEY FOR ME. Most have done nothing! Until that changes, dont expect much change. .
Never buy any gold or silver mining companies. Too many variables and they are at the mercy of naked shorting. They hedge as well. Buy bullion instead.
@@Datcful If you bought GDX on January 1, 2021, you would be upt 2% now. If you bought GLD on January 1, 2021 you would be up 47%. Calling me a liar instead of looking at the statistics is not a good debating tactic.
A long Rant.......
I have been in miners for 13 years. Owning mining stocks has been pure torment and torture. Purgatory exists right here, in the mining space. The majority of my portfolio is miners now. I have bought all the way down and strategically when no one else was. I have caught so many falling knives, I have no fingers left. I have done fairly well and actually made money by buying LOW and buying royalty companies in 2015. You HAVE to buy these stocks LOW or you will be screwed. I learned the hard way. I will see this Gold bull out to the BITTER end...when and if that EVER comes. I will hold all my miners until they become overvalued. When I sell, I will exit finance and investing and NEVER return. The toll this criminal FED fraud has taken on my psyche has been more than i will ever get back. I have years of misery and stress with nothing to show. Even if I make tons of $$$ in the end, it will NOT have been worth it. Owning physical metal has been fine. But the Miners......God help me.
I just wanted to share with you my personal experience with gold/silver, I was an investor I. The sector back in 2010 I got in too late I lost a lot of money I also wasn’t patient enough I did some stocks too soon or at a lose and than they went sky high huge mistake on my part I learned the hard way and so today I would rather see my stocks go to zero than sell at a lose especially when holding good companies. Gogold Aya silver Artemis blackrock silver Arizona metals and a few more on some I’m up a lot of other I’m down either way I’m not selling I will see them go up multiple times before selling !!!
Same story here down 400k with good mix of quality miners since 2011, no true price discovery in ANY commodity the regulators are in the banks bag the miners are share diluted out, no one wants to finance them and thats just how the bullion banks like it !!!!!!!!!!!!
5 years in and 70% down when everyone else I know who wasn't in the Miners got rich. I'm too invested to get out, but every day is abuse. I'll be dead before I get my money back.
I hear you, friend, and -even as a new investor in pms, I get an idea of your suffering... Hold the line and all the best!
A good cautionary tale, mining is a very tough business which is why most of the capital I allocate to that sector is in ETFs, big producers, and royalty / streamers.
Getting these interviews up ASAP after recording is so valuable. It's like a weekly expiring option contract....thanks
Glad you like them!
I owned gold mining stocks before. They never march in tune with the price of gold. You would think that if gold prices rise, the stocks would rise. Not necessarily true. Sold the stocks.
Hey Jesse! Saw you at the VRIC this past weekend and just wanted to say that your insights on commodities and moving abroad are very much appreciated!
Awesome, thank you for attending the conference and watching my presentation!
1911 Gold is a no brainer.
Where can I find its entire market cap history? All the graphs only go back to about 2020, when its market cap was only a little higher than it is now.
Great show , Mr. Feneck is a breath of fresh air .
Thanks Steve. Please contact me for more info on our services if we can assist
In the US the penny stocks are like Hotel California, you can check in but you can’t leave. They’re highly illiquid, some of the only trade and few hundred thousand dollars a day so if you own $10k you might be 5-10% of daily trading volume. Most of the names discussed can’t reasonably be owned in the US.
Liquidity is an issue in some juniors, agreed. But FNMCF did over 100k shares today, AUMBF had a 400000 share bid all day today at .1050, etc. When gold hits 3000, liquidity will improve a lot in our opinion
@@feneckcommoditiesreport AUMBF traded almost 1M shares on January 22, On January 23 it closed at 12 cents. Gold in CAD almost $4000 today, 1911 produced at $1500 CAD traded at $1B in 2010-2011 timeframe.
@@sunnysider6350”almost” 1MM shares at $0.12 is about $100k. If I want to sell a $10k position I’m 10% of volume. You’re reinforcing my point that these stocks are highly illiquid and almost uninvestable for US investors. And during days of bigger price swings the bid-ask spread explodes higher.
I love it when you bring guests whom name the stocks they hold it makes it worthwhile watching definitely NOT a waste of time especially when it’s someone like John thank you both god bless.
Glad you got value from the conversation!
Like other comments, my mining stocks have been at best below average. To the contrary, my gold and silver ETFs have mirrored gold and silver prices. Very comfortable with my physical gold and silver, will be selling mining stocks on any upward move.
The GDX has outperformed the SPY both YTD and the past year.
USA have plenty of tungston - They hold it in forty knox
1 00k shares at $0.30 per share is only $30k. Even if liquidity rises 10x that’s still almost nothing. If these juniors want to attract US investors they have to be listed on a US exchange and get off the pink sheets. Vanguard won’t even let you trade them in retirement accounts and Fidelity makes you sign off on extra disclaimer statements.
This is a very good point.
TRUMP HAS TO FAVOR MINING AS THE US IS FACING SEVERE SHORTAGES IN NATURAL RESOURCES
Left for Dead?!!! I should say so. When conventional stocks continue to grow, while mining stocks have virtually gone sideways for the last 10 years,
why do you think very little investors have come on board. After 20 years in mining stocks, VERY FEW HAVE MADE MONEY FOR ME.
Most have done nothing! Until that changes, dont expect much change. .
Never buy any gold or silver mining companies. Too many variables and they are at the mercy of naked shorting. They hedge as well. Buy bullion instead.
I am up over 100% with AEM, over 55% with PAAS. 🤣🤣
@@briangranger1741 Good for you. You bought low. If you bought in 2021, you would be down 38% for PAAS.
i have made most money and fastest on gold mines, so that is a lie. Bars is oldschool and is no near as good
@@Datcful If you bought GDX on January 1, 2021, you would be upt 2% now. If you bought GLD on January 1, 2021 you would be up 47%. Calling me a liar instead of looking at the statistics is not a good debating tactic.
Talking penny stocks in a very speculative industry. No thanks.
Your guest is just dropping names trying to lure you in for more liquidity for him
Bro this video has 300 views 😂😂
@@jerwur39l94 haha exactly!