Silver Buckle Mines Inc (SBUM)

[kairos]

nice bids here ... SBUM

[Pink Current]

[kairos]

And today is huge day gold and silver ... just a matter of time here ... imo ... SBUM

[zilverman77]

What a Day for Silver and Gold!

https://www.investing.com/commodities/metals

Wow what a day, and it ain't over yet!

[zilverman77]

Breaking News in Northern Idaho!

https://bunkerhillmining.com/news/bunker-anounces-up-to-c10-million-brokered-private-placement-and-extension-of-lease-for-the-bunker-hill-mine/

This past producing mine is very close to SBUM's mining claims.

There is no trouble raising money for USA based Silver Companies.

Go Silver Buckle!

[zilverman77]

New Gold & Silver price targets from a major money center bank!!!

Woo woo!

https://www.marketwatch.com/story/goldman-sachs-now-expects-gold-to-reach-2300-an-ounce-2020-07-28?siteid=yhoof2&yptr=yahoo

[silverman8]

me too.
we will!

I can feel it in my bones......

[kairos]

Haven't thought much about price targets as it seems so early in this bull market but from where i'm standing now i would expect to get at least a buck for my shares ...

[silverman8]

THANK YOU ZILVERMAN77

KEEP UP THESE GREAT/ HELPFUL/ INFORMATIVE POSTS

[zilverman77]

Up We Go!

Today's Straits Financial daily metals commentary is Bullish Gold and Silver

Silver Buckle Mines (SBUM) had a good day on excellent volume :)

https://app.luminpdf.com/viewer/5f1f3c00e3a4fa001b760a45

[silverman8]

good volume for sure.

the volume seems to be "telling" us something....and it's going to be good!

what is your sell target zone?

[kairos]

good to see some volume here ... SBUM

[zilverman77]

Silver is Rising Rapidly

Take a look at Degraaf's Morning Report from yesterday

https://mailchi.mp/cogeco/degraafs-thursday-morning-report-xnlwm4vv7a?e=a0f4bb06bd

[zilverman77]

Silver, next stop $25!

Gold, more record highs on the way

The US Dollar is weak and has Covid-19

Go Silver. Go Silver Buckle Mines, Inc. (SBUM)

Check out today's daily metals commentary by Straits Financial:

https://app.luminpdf.com/viewer/5f1b2e67ebc830001a800a2b

[kairos]

somebody got bunch of cheapies on that dump ...

[Lazarus]

Then (Silver) BUCKLE UP!

[silverman8]

Silver will go to at least $36
on this run.

Longer term $100 should not be a problem
due to all of the PPP Stimulus MMT etc.

History repeats.

Argentina, Zimbabwe, Venezuela when their currencies crashed, gold and silver went up thousands of % in the local currency.

[Lazarus]

How high do you think silver will go?

[silverman8]

thanks Lazarus

with Silver clearly in a bull market, how high do you believe silver buckle will run?

[Lazarus]

Here is a partial list of their 87 claims. As you can see some of them go back the 1950's. All of them are paid up.

[zilverman77]

Silver is on fire today!!!

Check out today's report by Straits Financial.

https://app.luminpdf.com/viewer/5f1733f29b9a82001a24db0a

[zilverman77]

Hi Ho Silver is Soaring !

Take a look at this article.

https://www.zerohedge.com/markets/silver-soars-and-tech-stocks-rebound-greed-reaches-record-high

[silverman8]

Kudos Zilver

very helpful and informative posts.
Thank You!

I note that Silver reached another multi-year high today and blasted through $20 an ounce.

hmmmm. all the money printing, MMT, PPP, and stimulus have debased the US Dollar. More stimulus WILL be coming August 1st to the tune of $2 trillion.

it's no surprise that smart investors are moving into gold and silver.

keep on posting, brother!

[zilverman77]

Another Excellent Book!

Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave by David H. Smith and David Morgan

This book is a must read!

Written by a life long supporter of resource investing,
this book will not disappoint, I promise!

There are numerous trading strategies that, if followed,
will boost your trading success...

https://www.amazon.com/Second-Chance-Coming-Silver-Shock-Wave/dp/1483460363

[zilverman77]

Excellent Book about Silver Mining Stocks - The Silver Pennies by David Bond

I highly recommend this book about Silver Mining Stocks.

Silver Buckle was mentioned favorably

https://www.amazon.com/Silver-Pennies-David-Bond/dp/0976821109

[zilverman77]

73 years strong!

I found this over the weekend...

Silver Buckle has been in business for 73 years!

Awesome!

https://app.luminpdf.com/viewer/5f160921991f7e001ba925fe

[zilverman77]

Photos from the Galena Mine

Hello friends,

Here are some photos from the Galena Silver Mine in Idaho...
Very close to Silver Buckle's claims

https://docs.google.com/document/d/1cDeB91ZIAwqWDFb6TeLYXxqdw7G4a_NB0tKRS_qoMJg/edit?usp=sharing

[silverman8]

Mining claims and Lease

Silver Buckle holds 87 unpatented mining claims around Wallace, some of which adjoin the Galena Mine and Caladay shaft which are part of America's Silver (USA.to) Idaho mining operations. This mine was discovered in 1885 and has been in production for 98 years! The claims are under long term lease to America's Silver.

[kairos]

thank you Sunnyland! ... SBUM

[LMLYP]

I took screenshots of many of the charts in that video. Thank you for your list.

Off topic, WHEN the stock market crashes, hopefully we will have a liquidity event that gives an opportunity to buy metals on a pullback, a repeat of what happened in March.

But what will also happen is a rush into bonds.

I want to initiate a position that represents the low point of yields on the long end. I want to short bonds.

I don't think now is a good time. I will wait for fear, a higher VIX, and stock market volatility, which will result in higher bond prices and lower yields.

My long term play at that point will be to short ZROZ. The puts never trade so I'll pass.

Have you ever thought about rates going up on the long end, and being able to play that? Again, it tucks in neatly with inflation.

[kairos]

Trading very nicely, added a few today ... SBUM

[silverman8]

Multi-Decade High Close

so, with 10 minutes until the market close, it looks as though SBUM will close at a multi-decade high share price on very respectable trading volume.

Bam![color=red][/color]

[silverman8]

Top 5 Picks
first, I answer your question:
Slvrf:
Pros- safe jurisdiction, quality of management, Sprott and SSR own 20%, superb website

Cons- 219 million fully diluted shares outstanding, many years away from production.

you will do fine here when silver super-spikes...

I wouldn't completely avoid negative swap line nations however this is an excellent question and I suggest that ALL watch the recent video on this.

My current top 5 PM holdings in order:

PAAS: Proven management team, smart and aggressive, projects well spread out across the world, they have a few Grand Slam projects (IF approved, would add 25% to the share price within a week) such as Navidad. When Guatemala gets going (Tahoe) this will be a massive winner.

AG: Very well run company with great mines in great locations. Their CEO has already made a fortune (for himself and shareholders) in many other previous mining ventures.

MUX- Rob McEwen, CEO, same as AG above. Honest, smart, hardworking CEO leader

MAG- Tremendous Management, proven past record of great success. This is a monster project, going into production soon.

SBUM: reasons previously stated in earlier posts

[LMLYP]

I watch level two and see widespread interest in all five. Thank you for sharing what you know.

I just bought SIG today. They lose money and are closing stores in malls. The short interest is very big. But their business is jewelry, gold and silver, diamonds, etc. I'll buy all the day down.

LOL? Do you know anything about the SLVRF offering?

Would you completely avoid negative swap line nations if you're buying large miners and royalty companies?

[kairos]

SBUM lookin' like a nice play ...

[silverman8]

volume tells all

have you noticed that trading volume in SBUM has exceeded 10+ year highs?
The best traders in the World will tell you that "volume tells all"

hmmmmmm. something's up!

to verify, go to yahoo, pull up a quote, and then click the historical prices tab

[silverman8]

the magnuson folks know that these claims are valuable. They are not hurting for cash, so they sit and hold, waiting for the right time and place to monetize them. I call this "smart" money, or "patient capital" Consistent, steady, diversified accumulation of wealth over very long periods of time. (decades)

[LMLYP]

i used to go to the beach with a shovel. did as deep as i could, then hit water. i still have that shovel. well not really, i shovel sheet.
but when the real digging starts in idaho. at $100 an ounce for silver anyone reading better be doing tons of reasearch for months and years.

im a bug ... 30 percent allocation in metals, more as a safe haven to bonds, cash, and equities. Now if the forces about can send gold down to $1700 please, help, get me cheapies. In the fall, this is gone.

looking to diversify in other commodities. dont fell like chasing fcx or $2.90 copper.

please share your insignhts. very few read these boards on magnuson. its being marketed away from the boards here.

did i say thank you???

[silverman8]

agreed!

be right and sit tight.

anything is possible! If Tesla can rocket from 211 to 1,795 in a year- real metal in the ground seems to be a compelling value and speculation.

Sort of like our precious metal "piggy bank" in the ground. I'm cool with that!

[Sunnyland]

After my Research today I'm confident All Magnuson stocks are going to make OTC History that many will remember for a long time to come....Have patience....Load dips...and see you in $'s....take my word or not :) I don't really care....

[LMLYP]

My sale of HSCM at .51 has been cancelled too.

[Toastslave]

That's great news man, thanks for sharing.

[silverman8]

sell price....?

As much as I admire and really like owning Silver Buckle shares, you may ask...what's my price target?

My plan is to sell 10% of my holdings at

$1.00
$1.50
$2.00
$3.00

and let the rest ride.

Don't limit your "picture" of how high these stocks can go. If you sell your position too soon it might still go up another 10x as the public piles in. (excerpt from David Smith's Book: Second Chance page 155)

[silverman8]

yes, that's a complete list.

I'll take a closer look when I get home, however your list looks to be accurate.

Silver Buckle is at decade+ highs on very good trading volume.
I have the impression that the Magnuson folks do not plan to dilute by releasing more shares. this is a gem of an overlooked company with a tight share structure. a very nice way to ride the great silver bull!

Mr. O'Brien mentioned to me that there is a Board meeting today, July 16.

I wonder if they will develop a nice web page.....?

[LMLYP]

Dennis was less forthcoming with me because I did not ask the direct questions.

Are there other Magnuson symbols I am missing besides SBUM, STLM, ACNE, VINS and HSCM?

[LMLYP]

Met a girl at a party and she said getting a graduate degree in marketing, she asked about my education so I told, is like getting an undergraduate degree in sociology. How the heck did she know that about me.

Trading wise, I would be called a gold bug based on my very out-sized percentage of holdings in precious metals. There is an extremely likelihood for inflation.

I want to add to long precious metal positions, long other commodities and short the long bond. I need those markets to adjust before I step in. It is all part of the inflation play.

[silverman8]

leases are still valid

I spoke with management yesterday and the leases are still 100% paid up and in good standing and valid.

Silver Buckle is part of the Magnuson mining empire. Harry's close associates and family are running the day to day operations, charitable trusts, hotels, shopping malls, etc etc.

Harry was a major financial supporter of Gonzaga University, plus he served on their Board of Directors for more than 40 years!

[silverman8]

hi there,
The mine where dozens of miners died was the Sunshine mine which is now owned by billionaire Tom Kaplan. He owns it personally- plain and simple.
He paid cash for it ($25 million?) and I feel as if it's his personal silver piggy bank because we all know that there is a LOT more silver underground there. On another note, all of my studies in economics (undergrad and graduate school) indicate that inflation will return with vigor, and that gold and silver will rise exponentially from these levels.

[LMLYP]

I am through around 95 pages.

My investment theme overall align with the much more intelligneent (lol) writers.

I have another vehicle to profit in this environment, shorting the bond market.

idc that im posting about shorting the bond market on a SBUM Board since you were the one who told us to read the darn book.

Good luck with your multi-baggers. Eventually Ill get to page 249 and want to go long your multi-baggers in silver!

[LMLYP]

I am through around 95 pages.

My investment theme overall align with the much more intelligneent (lol) writers.

I have another vehicle to profit in this environment, shorting the bond market.

idc that im posting about shorting the bond market on a SBUM Board since you were the one who told us to read the darn book.

Good luck with your multi-baggers. Eventually Ill get to page 249 and want to go long your multi-baggers in silver!