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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (183840)	2/11/2022 7:53:52 PM
From: sense	2 Recommendations Recommended By maceng2 Pogeu Mahone Read Replies (1) \| Respond to of 217589

What I have noted about silver is... very much like last year at this time... there seems to be something going around that means the silver miners output is unexpectedly down. Fresnillo reports they have Covid issues, again... so production and the stock, both, have been hammered. Its trading around $8, now, which is back where they were in 2020. MAG cratered in sympathy... but put out PR saying that Fresnillo's problems don't effect them... which has to be a trick, given Fresnillo operates their mine for them... ? A remarkable thing that so many producers are having difficulty producing, all of the sudden... ? Perhaps they're just finding it not worth the bother with silver prices 50% below where they should be ? PAAS, HL, CDE, AG, FSM... all up 5 to 6% today... Junior silver miners have been working on making bottoms since last week... and today seem to have fully accomplished the task... I've been poking around in the discount bins looking for used miners... and in the scratch and dent section, I found AUNFF (+6.9%), GPL (+7.2% and +1.84% after hours) GATO (+1.82% / +3.57% ah) and FNLPF (-0.35%) MAG (+4.12% / -4.74% ah) Only PGL and GATO have options traded... but PGL is only $0.21 so... maybe makes more sense to buy the time value of the permanent option... Of those"used" miners: AUNFF had a rock fall in their newly renovated mine... and are dithering in getting it going again... or, in fairness... are putting safety first, as they should. I don't have issues with them... but, they are telling you "wait for it"... ? The market didn't care, today... GPL a similar issue with rock based reality... heavy rains in Brazil destabilized a wall in an open pit mine causing them to shift primary production to other holes nearby... but, also causing them to raise $20 million in the market (at $0.26/sh) and driving year ago ROE from +35% to today's -!6%. Looking, they put out news two hours ago... Great Panther Files NI 43-101 Technical Report for the Topia Mine... which news I haven't read yet... as all the Yahoo link says is "go to SEDAR to read the report"... GATO is a complex story... and one I fear has not yet been fully or adequately told... but, they "just discovered" they have "a problem" with the prior reporting on resources. They say it is pointing toward a 50% reduction in what they said they had. It hasn't slowed production down, it seems... but, until they show they have resolved the liability and other business risks inherent in having "got it wrong"... I'll steer clear of it. Look at their PR for the last six to eight months... and the sequence is 1. they lawyered up (+ legal expert on board) 2. fired the CEO 3. hired new CEO from a company well known for "massaging" similar issues. 4. raised money in the market and paid down some debt. 5. "hey, look... the numbers don't add up"... Wait for it... to provide entertainment value. FNLPF... seems unable to manage to get things working. And, that's odd... because it seems MAG has no problems... in spite of it being Fresnillo managing to get things to work... but only for MAG ? Hmmm. Fresnillo shares plunge as COVID absences hit production Some of that difference is clearly due to MAG being "carried"... while Fresnillo owns the debt for building the mine, and the responsibility for operating it... But, they do seem to bend over backwards to ensure MAG thrives... even at the expense of Fresnillo's own shareholders ? Maybe Fresnillo management... own MAG stock ? I don't see any news that would account for the hit on MAG stock in the after hours trade... The point, in Fresnillo... is that they ARE levered up to fund mine development... but, in theory, when they get the mine going... should be lucrative enough to pay off the massive cost of developing it... rapidly... how rapidly depending on the price of silver... but, also, on "it happening". It was supposed to happen in 2020... but "Covid"... and, now, its 2022... and "Covid, again"... and it still hasn't ramped up production... while the banks still like being paid. So, the "way to play it" is made clearer... buy anything else... and make money... until they get their shit in one pile. Then, if / when they do... wait for silver prices to double... and suddenly the debt is made a non-issue... Pretty much the same routine as you apply in buying oil companies at the lows in the oil market...

To: TobagoJack who wrote (183840)	2/11/2022 8:25:29 PM
From: sense	2 Recommendations Recommended By JSD Pogeu Mahone Read Replies (1) \| Respond to of 217589

Things are green on the un-optimistic positions... I was 3X un-optimistic earlier today... and, it seems, sustained pessimism is sometimes its own reward... I bought Feb 11 UVXY 16 calls for a dime this morning... sold them for $1 in the afternoon... All that work I did, last year, learning how that thing trades... might not have been time wasted ? Have also been very KOLD-ly pessimistic about Nat Gas prices all this week... after being very optimistic about them BOIL-ing higher all last week... I noted in prior posting that the market is a dance... and you have to feel it and have the rhythm to not step on partners toes... or have them step on yours. Apparently, when the music is playing most loud, it should be easiest for even the hard of hearing to keep the beat ? But, it seems not... as the most skilled dancers are not those with the best hearing, or the worst... but those most able to match their dance moves to the changing moods of the music, and the partner. A dizzying array of partners... meaning success in a volatile market requires good traders must be... manic-depressives... equally contented fans of Mozart, Neil Sedaka, and Ossie Osbourne...

To: TobagoJack who wrote (183840)	2/11/2022 8:45:16 PM
From: sense	Respond to of 217589

starting 24th February... "The government shall expand a bubble"... It seems that's mostly what they do know how to do...

To: TobagoJack who wrote (183840)	2/11/2022 8:59:05 PM
From: sense	1 Recommendation Recommended By Pogeu Mahone Respond to of 217589

Unclear to me Team Biden knows what is happening, or what is doing, I think an awareness of "what" is happening is of very little value without also fully and properly understanding the meaning of it correctly... in real context... and, that there is a very basic lack of understanding... is made unavoidably obvious... repeatedly. Trudeau, too... jaw-dropping in his detachment from reality... and near total tone deafness... It would have made little more impact had he delivered what he did while dressed up as Marie Antoinette... in black face... and a turban. a good combo to leave it all to nature, perhaps events shall work out... I've never heard truckers described in those terms before... but... OK...

To: TobagoJack who wrote (183840)	2/11/2022 11:06:23 PM
From: Pogeu Mahone	Respond to of 217589

"But, we know some of the sub-lineages, BA.2, has a growth advantage even over BA.1." More surges coming. By Julia Musto \| Fox News Fox News Flash top headlines for February 11 World Health Organization (WHO) official Dr. Maria Van Kerkhove said earlier this week that the agency is tracking four omicron sub-variants, including BA.1, BA.1.1, BA.2 and BA.3. The infectious disease epidemiologist explained in a video clip she tweeted on Thursday that the agency is "watching [the] virus evolve in real-time," tracking proportions of the sub-variants. CDC DIRECTOR: STUDIES YET TO SHOW BA.2 SUB-VARIANT EVADING CURRENT VACCINES, MORE THAN OMICRON "Now, we already know that omicron has a growth advantage; it's more transmissible compared to other variants of concern and also has properties of immune escape," she said. "But, we know some of the sub-lineages, BA.2, has a growth advantage even over BA.1." Van Kerkhove said that means that as the virus continues to circulate, there will be an increase in BA.2 cases. "For … everybody [who is] out there watching this, what is important for you to know is that this virus continues to be dangerous. This virus transmits very efficiently between people, but there's a lot that you can do," she said. The WHO is working to increase vaccination coverage in all countries and do everything the agency can to support the reduction in transmission. "We will not be able to prevent all transmissions. That's not the goal. To prevent all infection and all transmission, that's not attainable at this point. But, we need to drive transmission down," Van Kerkhove continued. "Because, if we don't, we will not only see more cases, more hospitalizations, more deaths, we will see more people suffering from post-COVID condition – long COVID – and we will see more opportunities for variants to emerge." MASK MANDATES EASED ACROSS US AS COVID-19 HOSPITALIZATIONS DROP BELOW 100,000 Additionally, she emphasized that there's no indication of a difference in the severity of infections caused by either sub-variant – though more research is being conducted. BA.1 is currently the dominant version of omicron worldwide, but the WHO has warned that BA.2 – which differs from BA.1 in some mutations, including in the spike protein – is increasing in many countries. "Investigations into the characteristics of BA.2, including immune escape properties and virulence, should be prioritized independently (and comparatively) to BA.1," the agency wrote on its website. Video Most states in the U.S. have reported the presence of the sub-variant, which Van Kerkhove said has already been deemed a variant of concern. In the same Q&A session, Dr. Abdi Mahamud, the WHO’s COVID incident manager, said it is unclear whether BA.2 can reinfect those who previously had BA.1. CLICK HERE TO GET THE FOX NEWS APP "We don't know. We haven't had time," he said. The leader of the WHO issued a warning Wednesday – as leaders around the country loosen or drop mask restrictions – that COVID-19 "isn't through with us."

To: TobagoJack who wrote (183840)

2/11/2022 11:23:53 PM

From: Pogeu Mahone

Respond to of 217589

Hong Kong Update

What to read and do this weekend

David Major

Senior Production Editor

12 February, 2022

After beating back Covid-19 for two years, Hong Kong was finally hit with a long-feared explosion of infections this week, with records shattered over consecutive days. The government has responded by marshalling as many resources as it can to contain the Omicron-fuelled wave before it overwhelms the health care system.

Patients with mild or no symptoms are being redirected away from hospitals to the Penny’s Bay quarantine camp, while their close contacts are allowed to isolate at home, provided their living arrangements are deemed suitable.

The city has turned to national authorities for help, and Hong Kong ministers will meet officials from Beijing, Guangdong and Shenzhen over the border this Saturday to hammer out further assistance, with rapid construction of a makeshift hospital expected to lead discussions. Mainland China has already dispatched hundreds of Cantonese-speaking laboratory staff to Hong Kong to help with processing tests, which city leader Carrie Lam Cheng Yuet-ngor has warned will soon reach 300,000 a day.

Tougher social-distancing rules also came into effect on Thursday, including a two-person limit on public gatherings and an unprecedented ban on gatherings of more than two households at any private place. Beginning on February 24, residents will be required to show proof of having received at least one dose of a vaccine against Covid-19 to enter any government venue and 23 other types of premises. The last time Hong Kong imposed such strict limits on gatherings was back in July 2020.

Meanwhile the Winter Olympics are in full swing in Beijing, where Hong Kong skier Audrey King failed to complete the women’s slalom run by narrowly missing her final exit. While disappointed, King said she had given her best and she was “really proud of that”.

Don't forget to check out SCMP.com for these stories and more.

Stay safe and enjoy the weekend!