P.S. – I really enjoy the peer group comparison on (page 6) of the JAG presentation above.

Roxgold, Richmont, Mandalay, Argonaut, Beadell, Timmins, Primero, Dundee Precious Metals, Beadell, Wesdome, and Troy Resources. Quite a group to compare with Jaguar Mining.

It really is a funny race and comparison of apples and oranges, since Primero is a distressed Mid-tier Producer with 190 mIllion shares out and a market cap of $108 million (but it used to be much much higher), and Novo Resources is an underfollowed Developer with 93 million shares out and a market cap of $65 million.

At any rate, it is fun to put 2 horses on the track and see how the pricing runs…..

Hi Excelsior. PPP and Novo were both .69 when their race started. They seem to track each other very closely. I own both and hope they both go to $30. NGD is pulling away from USAS and KLDX in their race. CDE and AG are also in a good race, and so are OR and SSRI. Who are you and Matthew picking in these races?

Welll, I own both Novo and Primero so I hope they both do great. 🙂 Longer term I see Primero rising a bit more to return the mean a bit and it was already about 8-10 higher in share price in the past. Novo is a very interesting development story though.

As for NGD versus USAS, I have to take Americas Silver in that race especially once they get San Rafael up and producing at the end of this year, but in particular for 2018 when they can get a full year of production. 2017 is a transition from the old mine, some old stockpiles, and then the ramp up of the new mine. During that window NGD may make an early advance on it, but longer term USAS is one of my favorites. As for KLDX they are getting things moving this year to improve production but I believe they have a high likelihood of being taken over (like Richmont) in the next 12-18 months and likely won’t be in the race. (a good problem to have).

As for Coeur versus First Majestic, I’d probably side with Keith and the AG team on their leverage to Silver prices. Also Coeur has done a few things in the past I didn’t care for as much as a management team, but they’ll do just fine if metals prices trend higher going into year end and next year.

As for Osisko versus Silver Standard – I like them both, and they have great management teams and experience and assets. I like the growth prospects of both, but it may come down to if Osisko keeps hitting these very impressive drill intercepts, and if they decide to acquire any of the companies they have a strategic position in. Silver Standard already made their acquisition and are in growth mode, but they have not been nearly as peppy (on a percentage basis) as the smaller Silver Jrs like Impact, Americas Silver, Alexco, Excellon, Avino, etc… As a result I’d probably take Osisko in that race for the Gold exposure & royalites, and pick a different Silver producer with more upside leverage to price increases.

I have to go with Primero in this race for a number of reasons but the others are probably safer.
Since it is a silver company, I have to go with Americas Silver over Novo for runner-up but Novo has a good looking chart and a much lower market cap so I could easily be wrong about that.

There are too many wild cards in this business so take these guesses with a grain of salt.

http://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=3&mn=7&dy=22&id=p39250422853&a=518438075

As for NGD…

On January 31, 2017 at 11:24 am,
Rick Ackerman says:
Wow-wee, what a week!! And it looks like NGD has farther to fall, Bonzo — to $1.72

On January 30, 2017 at 11:23 am,
Matthew says:
I don’t follow NGD but the drop looks like an overreaction to me. The support levels shown on the following chart are 2.91, 2.83, and 2.41 for this week.
http://stockcharts.com/h-sc/ui?s=NGD&p=W&yr=3&mn=3&dy=0&id=p08355047488&a=503103050

More on NGD…

On January 30, 2017 at 12:53 pm,
RICHARD/DOC says:
Just goes to show even the big boys can miscalculate. That stock will be dead money for awhile. I might entertain taking a small position after the next financing.

On January 30, 2017 at 7:25 pm,
Matthew says:
Here’s a few more supports to watch:
http://stockcharts.com/h-sc/ui?s=NGD&p=D&yr=1&mn=2&dy=0&id=p70452741026&a=503205797

On January 30, 2017 at 7:31 pm,
Matthew says:
I think it will be much higher than today’s close by the time any financing is announced.

(The close that day was $2.94 and it already hit $3.43 last Thursday.)

It’s funny how you mention “Finally” lol. We only just got into the trade haha, but I’m glad things have changed sooner rather then later. I’m willing to wait but prefer not having my patience tested. But great news on the whole regarding primero….lets hope they can bring their economics under control as well as exploration potential. If they can get themselves in order we are gonna see a multibagger, without much change in gold price……pure micro bet, macro is reasonably irrelevant.

Haha – FundamentalAnalysis – anything more than 5 minutes feels like an eternity to me. (lol). Yes, I’m glad things are moving forward again.

Thanks for your thoughts about these companies.

Too Big: Gold Mining Juniors ETF Shows Cracks In Indexing Model

Apr. 16, 2017 (GDXJ) (GDX)

https://seekingalpha.com/article/4062650-big-gold-mining-juniors-etf-shows-cracks-indexing-model?auth_param=c9otd:1cf7f7i:ed5acf3a5f1a213ddc8c28633e798eb0&uprof=45

I’m avoiding the ETFs altogether (and absolutely crushed their performances last year and bull-to-date).

I’m sure I am just as bullish as Fleck and Adam Hamilton seems to be as well. I agree with the following completely:

“While many analysts use pure technical analysis to extrapolate trends, a stronger case for the coming gold-stock upside can be made fundamentally. The gold miners’ stocks are heading much higher not because of mere trend lines on price charts, but because higher gold prices are going to fuel explosive profits growth. Gold-mining earnings amplify gold-price gains, and this core relationship is way beyond linear.”

“To see gold stocks double again from here is utterly trivial, nothing by historical standards. And if you think another doubling is probable, you should be heavily invested in this forgotten contrarian sector. Sadly even most contrarians continue to drag their feet. By the time gold stocks get exciting enough to garner real enthusiasm, the easy gains will have already been won. You want to buy before most others.”

http://www.321gold.com/editorials/hamilton/hamilton041417.html

Agree on owning single miners as opposed to the ETFs. I’ve got an IRA in USERX so get more enjoyment in picking and trading occasionally with my investment account. Once again, I’ve learned an enormous amount from these pages and postings from you both; Matthew & Excelsior. Like to stay attuned to SKI also. He’s right with the trend more often than not. Happy bunny day and good luck to both of you when PMs really get moving.

+1 Matthew – Agreed.

Thanks Silverdollar, and yes I forgot to mention USERX as a better option to GDX or GDXJ. Yes, owning and trading the individual miners can be much more lucrative if you follow the company news, buy during pullbacks and trim during excessive rallies and regularly rebalance.

It is difficult to just set it and forget it with the smaller Jr miners as things are always in flux, and change on a dime if some substantial news release comes out that dramatically changes the backdrop (permitting, taxation, exploration, acquisition, JV, etc…)

In contrast, there are a number of larger Majors and MidTiers and Streamers that are “safer” bets, but those companies won’t have the same kinds of returns or percentage gains. There is a price to pay in returns for having less volatility.

As an example, Franco-Nevada is about as secure as one can get in the mining space as a streaming company diversified in deals across dozens and dozens of mining companies, but it also won’t have the large appreciation of a development stage company making it to production, or an explorer that just hit pay dirt.

It’s very important for investors to know what their investment objectives are, why they are investing, what their risk tolerance is, how much homework and monitoring they are willing to do, and what the time horizon of their trade will be (hrs, days, weeks, months, years, decades)?

Wishing everyone success in their investments on whatever approach they take.

Thanks Silverdollar, good luck and happy bunny day to you, too.

You raise some good points Tad, and honestly most investors that just want a quick way to get exposure to the Gold or Silver sectors would be much better off positioning in some of the better ETFs or Funds versus randomly picking a few exploration drill plays that a newsletter coughs up. I’d recommend checking out GOEX, USERX, RING, and TGLDX as well as the ones you named.

I guess my issue with GDX is that isn’t just Gold Majors & Midtiers but mixes in some Silver and Copper companies, streamers (with exposure to oil, coal, diamonds, base metals), and often the weighting is wack.

GDXJ claims to be the Junior mining ETF and yet many of the companies in it aren’t really that Jr, there are silver companies, and they even have a position in GDX in there.

I find when I look at the holdings that personally I’d rather have much of company XXXX and less of company YYYY and a company I like ZZZZ isn’t even included. There are also times where a development stage company goes to sleep and other periods on its timeline of milestones where there is a lot of newsflow. The same thing is true of many Exploration companies. I’d rather position in the season in front of a ton of newsflow, and exit during lulls or if there are bad results. The ETFs are much slower to rebalance and tend to leave companies in for too long past their peaks, and often into their valleys.

The biggest thing is I’d rather evaluate each company on it’s own merits, but absolutely do watch the ETFs for the general macro trends in the sector. However, I find them to be misleading at times, because there are many days where the GDXJ is down and many of my positions are still up, or that URA or LIT are down/up where my personal holdings may be moving in a different direction due to their unique fundamental and technical considerations.

Again, for many, that don’t feel like doing all the extra homework or more actively managing their accounts, the ETFs and Funds are the way to go for sure. In Oil/Gas for example, I was keeping track of some of the mid-tiers and smaller producers, developers, explorers, but just decided to simply things and go with XLE, XOP, and OIH and catch the general trends.

I’m also intrigued to see how stocks move up or down the batting order in ETFs and Funds (based on the assigned weighting) to see what their analysts feel most strongly about. Sometimes if a company is moving up in a few, I’ll do a deeper dive to see what’s causing the increased interest.

Good stuff.

I just looked over the GDX and GDXJ holdings again, and there are really a ton of interesting companies included, that would give any investor immediate exposure to the sector, but there are many companies I hold or follow not included at all, and some of my favorites have minimal weightings. There are also many companies I wouldn’t even want to own included, and they really are a hodge-podge without focus. However, I could see padding down a riskier portfolio of Explorers and Developers with a few ETFs or Funds like these as anchors.

Honestly, I’m tempted just to throw everything into a few ETFs and Funds, never spend another moment thinking about miners, and unplug from it all and free up a lot of spare time. Very tempting to contemplate….

Agreed on all that you say 🙂
I don’t mind silver being in the gold ones too much though as I’m more of a silver bug. But the junior ones aren’t ‘that junior’, I know. But to buy the individual small caps and hold them alongside is good for me..
URA is a classic example. It has NexGen as the second biggest holding, which is great because NexGen is actually quite difficult to buy through UK brokers (it uses a settling system that’s not common here) unless I go through the Channel Islands.
BUT, the etf doesn’t have Energy Fuels in it, (??!!) which is my go-to uranium company.It’s in the USA, a decent size, has a massive low cost, high grade deposit AND a mill; clearly of immense strategic importance. It’s share price was also 100 times its current price 10 years ago.
Bolt on an equal amount of EFR to URA …and perhaps a couple of the little explorers or companies that haven’t made it to production yet and and its kinda done if, like me, you want to just “hold” for a few years without trading in & out repeatedly.
I do check the etf holdings every few months though, as they change 🙂

Good thoughts Tad. Yes, there is a time and a place for ETFs, and they are great for getting immediate access to a sector and just holding it through the moves.

Having said that – I generally still prefer building a portfolio of single stocks and pick the weightings that make sense to me personally based on my own due diligence and weighting.

The Uranium ETF (URA) you brought up is a quick and easy way for investors to get exposure to the Uranium mining and Nuclear fuel sector. However, the batting order is all wacked out, and seemed to be prioritized in a way that defies logic completely. This is what drives me crazy about EFTs and “experts” that manage them. This one really makes little sense when you take a step back and look at it.

For example, (URA) does actually have Energy Fuels in it (but far too small of a weighting @ 3.71% It’s the second biggest producer in the US, the country with the largest nuclear fleet of reactors and energy consumption needs met through nuclear, and it’s farther down the list than some explorers and development companies [??] (makes no sense)

Next up in head-scratchers…. I get that Cameco is one of the largest “Uranium only” producers, but to give it 21% is waayyy overweight, and it is a slow moving juggernaut with old mines that are being depleted, water issues, and to give any stock 1/5 of a fund with dozens of stocks in it is crazy town. Even in GDX they only give 11% to Barrick and 6% to Goldcorp. 21% to Cameco is an immediate red flag.

Areva, the French nuclear conglomerate, is number 2 in size/production to Cameco and they barely got any inclusion at all. Paladin is next up in size, but I get why they are reduced, because they are almost bankrupt due to low pricing and no longer term off-take agreements.

The Nexgen weighting is also a bit extreme at 12.5%. Yes, NXE is a great company, I’m a shareholder, and I realize it’s a world-class asset, and it has captured the fascination of speculators, but come on… The fact that this is a worldwide Uranium fund that is supposed to diversify risk and it has an “Exploration” company rated so much heavier that Areva (producer), Denison (toll milling/prior producer/Development & Exploration/environmental services/owns 25% of Goviex), Energy Fuels (producer), Energy Resources of Australia (Producer), Uranium Participation Corp (warehouse/reseller of Uranium) is a bit over the top – regardless of how speculative and well endowed their ore is. I don’t see any explorers with that kind of weighting in the Gold, Silver, Oil, Agricultural, whatever ETFs or Funds.

Just the fact that Fission (a problematic Explorer) is as high up the list ahead of other real Producers and Developers is a MAJOR error in judgement. Fission is going to have even worse water issues in the Athabasca than Cameco does, and it will be a freaking long time before that project ever becomes an economic mine (if ever). The analysts putting this together appear to have the same bias towards Canada and the Athabasca explorers that many half-cocked new Uranium investors have.

Then there are quality small producers like Ur-Energy, Peninsula Energy, or developers / near-term producers like Berkeley that should be more heavily weighted. Also Anfield Resources, Encore Energy, and Western Uranium aren’t even in the Top 25 [???]; yet they instead include Greenland Minerals [an old Rare Earth company that pivoted to Uranium], Silex, and Laramide [???] — (huh?)

Where is Toro Energy, Boss Resources, and Bannerman – 3 of the largest Developers in Australia? All 3 are much further ahead with becoming real Uranium mines than any explorer on or off that list.

UEX is a good little explorer on there, but they don’t have Skyharbour, ALX uranium, GoviEx,Deep Yellow, Kivalliq, or many other better candidates. Both Skyharbour and GoviEx were 2 of the best performing Uranium Explorer/Developers in the most recent run from the end of last year through beginning of this year.

*As a sidenote – Mega Uranium has a large stake in Nexgen, so that is putting even more weight in that one project inside the “balanced” fund.

*** Bottom line, that (URA) ETF is wack, is poorly organized and reasoned, many key companies have pitifully small weighting, and they don’t include some of the stand out names in the sector, but they give far too much importance to certain companies, and some companies shouldn’t even be included in the top 25.

Again, I agree that just picking up an ETF is better than trying to figure all this out and spending the time to research the sector, but I’d still rather build my own mini ETF and have done just that. I have 9 Uranium stocks at present and plan on adding up to 3 more for a dirty dozen.
__________________________________________________________________

Here are the top 25 holdings in URA & their wacked-out weighting system:

* (URA) Top 25 Holdings % Portfolio Weight

Cameco Corp 21.30
NexGen Energy Ltd 12.50
Uranium Participation Corp 6.42
Uranium Energy Corp 6.26
Denison Mines Corp 5.33
CGN Mining Co Ltd 5.16
Fission Uranium Corp 4.14
CGN Power Co Ltd 4.06
Ur-Energy Inc 3.77
Energy Fuels 3.71
Areva SA 3.37
Energy Resources of Australia Ltd A 3.21
Berkeley Energia Ltd 3.13
CNNC International Ltd 2.83
Greenland Minerals and Energy Ltd 2.35
Peninsula Energy Ltd 2.15
UEX Corp 2.09
Paladin Energy Ltd 1.90
Mega Uranium Ltd 1.78
Silex Systems Ltd 1.70
Laramide Resources Ltd 1.39
Centrus Energy Corp 1.30

Haha.… yes. Sorry EX. I can see I pushed a button there. I chose a bad example to highlight perhaps. URA has terrible weighting at the moment. Agreed.

It used to have equal weightings to Cameco & Denison (via the latter…plus UPC). Then a load of 4% holdings….. So basically Cameco & Denison plus a few others bringing up the rear. I haven’t bought Cameco. I bought this instead.

I have the top 10 breakdown on the company’s fact sheet, that doesn’t contain EFR…..you are undoubtedly correct in the breakdown.

I actually have EFR, UEC, UEX, URRE, Western, Mega (only because its a proxy for NexGen), Fission ( it does share the NegGen deposit from what I understand……. It’s next door ), plus some Denison. I missed the Govi PP. I was a day too late apparently:( …..maybe I’ll pick some up. Looking at 2 more…. Max. That’s it then. No more.

And then, URA; even if the guy’s on drugs, he’s gonna be looking at it more than me. It does change. Perhaps it will become more alpha orientated once we get some decent moves in the sector. Uranium is a very badly covered sector in ETF terms.
Maybe you should do one. I’d definitely buy it. Synthetic replication is all the rage 🙂

Personally I think that 9-15 holdings in a sector should have it nailed. Having said that I have 75 gold & silver plays and PMs vs Currencies (including ETFs). Too many frankly.

That’s the point. A sector, that for me, takes 3rd fiddle from silver & gold, and is 12 months away from significant moves, should only represent “So Much” capital within a buy-and-hold mentality. Generally, that’s why ETFs are popular I think.

I got burnt with copper. Don’t think that’s worth parking cash in for 3 or 4 years personally. But I fancy Nickel. Only 1 or 2 companies though… OK, 4 maximum. Don’t want to think about it more than the 2 days I spend researching it and then spending the money. I’ll keep an eye on it but I can’t get dragged in to becoming a daily trader.
You can’t buy everything! 😉

Thanks Tad and good comments. Sorry, I didn’t mean to rant, and initially I was going to give (URA) a tentative thumbs (and I guess I still will) up until you mentioned that Energy Fuels wasn’t included. I knew that it was in the past, but when I pulled up the actual weighting and compared it to other companies in the batting order…. it was pitiful. When I saw some of the most advanced development companies on the planet were completely missing and yet a few flaky explorers got equal weighting or more than much more legit and established companies, then it really bothered me.

Apparently, even the analysts in charge of weighting that ETF can’t escape the Canadian-Bias and Bay Street/Howe Street promotional hype machine. Also, once again, Australian & African companies got the shaft (along with the US companies). A globlally traded ETF should be more balanced globally in it’s holding, and the real Producers & Developers (that are near term producers) should be given much more weight than exploration plays. Just my 2 cents.

** Tad, I do agree with you though, that if you want to set it and forget it, and let someone else deal with managing it, that even a wacked out ETF is far easier to plop into one’s portfolio, and ultimately, if the sector does well, then the ETF will follow the trend. For example, Cameco & Nexgen make up over 1/3 of the entire thing, and if Uranium does well, then they’ll do well in tandem.

The other thing that has always bothered me with some of these lessor followed commodity markets like Uranium, Lithium, Cobalt, Zinc, etc… is how complete hype stories capture investors fascination, while other good projects with solid teams and assets get brushed to the side because they aren’t promoting and hyping the snot out of them or don’t have celebrity endorsers. I guess that is just the way of the world in all industries.

As a result, “Group Think” and “Herd Think” starts funneling money into projects that are not even close to being economic mines, or into old warhorse names because that is all most investors or even experts are aware of. What gets my goat is that in most of these Commodity ETFs they always seem to neglect the smaller producers and real development stage companies.

*** The irony is that small producers, and the development stage companies often have the most upside leverage to rising prices in their underlying commodity. For years it has been clear as day that the easiest way to beat these indexes is to build a basket of these small producers and developers, and sprinkle in a few of the best Exploration drill plays that have something real they are working on.

In Lithium this issue is the most pronounced, where complete garbage is parading around as viable companies, and the real companies were barely noticed or covered for the first year of the hype machine. I couldn’t believe chat rooms on Hotcopper, Yahoo, Stockhouse, or ceo.ca where investors were piling in to complete nonsense on an announcement that weed, or rare earth, or ex Uranium/Gold/Silver/Graphite company had decided to “Stake Ground” in a salar. How gives a crap, if it was that valuable it would have already been staked.

As someone that has invested in that space since 2011-2012 (when it was NOT cool or trendy) it was easy to see who the players were with real projects. I believed back then that the Lithium battery would be important for Energy Storage of Solar & Wind, and that Electric Vehicles (cars, buses, bikes) were a force that could not be stopped. Galaxy was involved with a new world class Battery plant in 2012/2013 that changed the world and nobody cared. It still is supplying massive amounts of battery grade Lithium from Talison’s operations, but more recently when Tesla gets involved, suddenly people lose their minds trying to tie up land close to their giga-factory. There are about 6 more huge battery plants being built and many more planned, but almost the entire narrative has been incorrectly biased to the Tesla story. I like Elon and Tesla, but people need to open their eyes and do some real research if they’re going to speculate in a sector like Lithium. Most didn’t and just chased the next shiny object.

I’ve been invested and spent tons of time posting on the real companies in Uranium and Lithium and Zinc, in the effort to help other investors separate the wheat from the chaff. Often times I don’t have positions in all of them (because as you mentioned, you can’t own them all), but the goal was to help investors not fall for the hype and stick with the names that would survive and thrive.

I’ve nailed the last 4 (and only) companies to make it into Lithium production, and on the development side nailed the half dozen that are now JV with Majors or building pilot plants with off-take agreements….Yet, investors piled in to garbage explorers without a friggin’ chance, and knocked on some of those companies for being too established. Oh well, we’ll see how it all looks once the dust settles.

There are a handful of investors here on the KER that have discussed the Uranium companies with a pulse (and personally I’ve been part of 6 mergers and takeovers in the Uranium space that were nice pops) and a few of us nailed the last few new producers and highlighted the developers that are on track to be in production next. Then you read someone that is supposedly an “expert” on Uranium and they are off in the hinterlands following very speculative drill plays, or simply obsessed with the Athabasca Basin with little regard for what will actually have to happen to take some of these deposits into production. It’s crazy, but I guess the same thing happens in Silver and Gold, but there are so many of them the discrepancies are less obvious.

Well, this turned into another rant. Sorry, but I don’t like seeing new or seasoned investors get hoodwinked, or trash companies get investment money, and most importantly the fascination investors seem to have with picking large juggernaut war horses that are slow moving barges, and then spending the rest juggling dynamite with super speculative drill plays that have a 99% chance of failing. To me the action was, is, and will be in the middle with distressed mid-tier turn around stories, the smaller producers, development stage companies and a few of the advanced Explorers with a pulse.

Wishing everyone the best in their investing and that their approaches to resource investing are prosperous. Ever Upward!

Great comments guys. Thanks for the ongoing education.

Yep, I wish you’d make a uranium ETF Excelsior.

The following is a list of 97 taxes Americans pay every year…

#1 Air Transportation Taxes (just look at how much you were charged the last time you flew)

#2 Biodiesel Fuel Taxes

#3 Building Permit Taxes

#4 Business Registration Fees

#5 Capital Gains Taxes

#6 Cigarette Taxes

#7 Court Fines (indirect taxes)

#8 Disposal Fees

#9 Dog License Taxes

#10 Drivers License Fees (another form of taxation)

#11 Employer Health Insurance Mandate Tax

#12 Employer Medicare Taxes

#13 Employer Social Security Taxes

#14 Environmental Fees

#15 Estate Taxes

#16 Excise Taxes On Comprehensive Health Insurance Plans

#17 Federal Corporate Taxes

#18 Federal Income Taxes

#19 Federal Unemployment Taxes

#20 Fishing License Taxes

#21 Flush Taxes (yes, this actually exists in some areas)

#22 Food And Beverage License Fees

#23 Franchise Business Taxes

#24 Garbage Taxes

#25 Gasoline Taxes

#26 Gift Taxes

#27 Gun Ownership Permits

#28 Hazardous Material Disposal Fees

#29 Highway Access Fees

#30 Hotel Taxes (these are becoming quite large in some areas)

#31 Hunting License Taxes

#32 Import Taxes

#33 Individual Health Insurance Mandate Taxes

#34 Inheritance Taxes

#35 Insect Control Hazardous Materials Licenses

#36 Inspection Fees

#37 Insurance Premium Taxes

#38 Interstate User Diesel Fuel Taxes

#39 Inventory Taxes

#40 IRA Early Withdrawal Taxes

#41 IRS Interest Charges (tax on top of tax)

#42 IRS Penalties (tax on top of tax)

#43 Library Taxes

#44 License Plate Fees

#45 Liquor Taxes

#46 Local Corporate Taxes

#47 Local Income Taxes

#48 Local School Taxes

#49 Local Unemployment Taxes

#50 Luxury Taxes

#51 Marriage License Taxes

#52 Medicare Taxes

#53 Medicare Tax Surcharge On High Earning Americans Under Obamacare

#54 Obamacare Individual Mandate Excise Tax (if you don’t buy “qualifying” health insurance under Obamacare you will have to pay an additional tax)

#55 Obamacare Surtax On Investment Income (a new 3.8% surtax on investment income)

#56 Parking Meters

#57 Passport Fees

#58 Professional Licenses And Fees (another form of taxation)

#59 Property Taxes

#60 Real Estate Taxes

#61 Recreational Vehicle Taxes

#62 Registration Fees For New Businesses

#63 Toll Booth Taxes

#64 Sales Taxes

#65 Self-Employment Taxes

#66 Sewer & Water Taxes

#67 School Taxes

#68 Septic Permit Taxes

#69 Service Charge Taxes

#70 Social Security Taxes

#71 Special Assessments For Road Repairs Or Construction

#72 Sports Stadium Taxes

#73 State Corporate Taxes

#74 State Income Taxes

#75 State Park Entrance Fees

#76 State Unemployment Taxes (SUTA)

#77 Tanning Taxes (a new Obamacare tax on tanning services)

#78 Telephone 911 Service Taxes

#79 Telephone Federal Excise Taxes

#80 Telephone Federal Universal Service Fee Taxes

#81 Telephone Minimum Usage Surcharge Taxes

#82 Telephone State And Local Taxes

#83 Telephone Universal Access Taxes

#84 The Alternative Minimum Tax

#85 Tire Recycling Fees

#86 Tire Taxes

#87 Tolls (another form of taxation)

#88 Traffic Fines (indirect taxation)

#89 Use Taxes (Out of state purchases, etc.)

#90 Utility Taxes

#91 Vehicle Registration Taxes

#92 Waste Management Taxes

#93 Water Rights Fees

#94 Watercraft Registration & Licensing Fees

#95 Well Permit Fees

#96 Workers Compensation Taxes

#97 Zoning Permit Fees

“Yet despite all of this oppressive taxation, our local governments, our state governments and our federal government are all absolutely drowning in debt.”

“When the federal income tax was originally introduced a little more than 100 years ago, most Americans were taxed at a rate of only 1 percent.”

http://theeconomiccollapseblog.com/archives/a-list-of-97-taxes-americans-pay-every-year

Goes to show……..put a bankerster in charge and nothing is safe…..even the safety deposit box……

Total thievery ………….

Agreed.

btw………thanks for the list……should make everyone THINK a little …….

The GOVT should only be 1% in SIZE………and we would only have a 1% Tax

With all those Taxes…
……HOW in the HELL ….are we $20 TRILLION plus $105 TRILLION(unfunded)……IN DEBT..

A VOTE FOR THE AMERICAN WAY………lol

IN stead of MOAB…….WE need a MOADB…..(mother of all debt bomb)….Jubilee

We already have the MOADB (Mother Of All Debt Bombs)…. as you mentioned 20 Trillion and many times that in unfunded liabilities.

Eventually, when the rest of the world loses confidence in our ability to ever service this debt, it will all blow up. Until then, it’s business as usual….. 😮

Taxes……”and this taxing was first made when CYRENIUS was governor of SYRIA.”…..
Luke 2 : vs 2………………
Times have not changed

the pretend Jews have taken it to a whole new LEVEL…….MY people parish from the lack of knowledge.

Ucore Testifies Before U.S. Senate
Committee on Energy & Natural Resources
March 29, 2017

“MacGillivray provided information on the need for a US-based rare earth (“REE”) supply and production chain. He asserted the criticality of Ucore’s valuable rare earth element project within that chain, commenting on the status of the Bokan-Dotson Ridge REE Project in Alaska (“Bokan” or the “Project”) as a critical and strategic U.S. asset. He also detailed Ucore’s continuing work at Bokan, including ongoing analysis of metallurgical processes vital to the bankable feasibility study.

Most notably, MacGillivray provided information regarding the successful execution of the REE separation pilot plant in Utah, utilizing Bokan feedstock in combination with innovative American clean-tech separation methodologies. In combination with Bokan, he noted that the technology represents a significant opportunity for near term production of crucial heavy REE on US soil. With its accessibility and favorable logistics, MacGillivray noted that the Project would give the U.S., the world’s leading consumer of rare earth elements, strategic and secure access to a domestic supply of critical REE.

“The issue of foreign mineral dependence is not new,” said Jim McKenzie, CEO of Ucore. “However, Congress is certainly elevating awareness of the problem at a very critical time. Ucore’s testimony has highlighted that the importance of an issue that can’t be overstated. At present, the People’s Republic of China dominates the production of numerous materials, including rare earth elements, which are essential for the proper function of everything from American smart phones to advanced weapons systems. In fact, China exhibits a near monopoly on the production of these materials, posing a dangerous risk to U.S. supply chains.”

“America has no operating producer of rare earth elements,” added Randy MacGillivray. “To date, the sole mitigation strategy adopted by the U.S. has been to stockpile small reserves of materials deemed to be critical and to promote substitution and recycling efforts, an inadequate approach given the criticality of these materials. Without a U.S. supply base, should the Chinese ever decide to withdraw the supply of these materials, the U.S. would be left without access, impacting both the domestic economy and the national security complex.”

Chinese REE Dominance

China supplies nearly all of the REE consumed by the U.S. Existing production techniques rely substantially on legacy separation technologies and environmentally invasive mining and processing practices. Solvent extraction (“SX”) separation processes, deployed extensively by the Chinese, have a very low selectivity for the recovery of individual REE. This failing necessitates the requirement of numerous separation stages. SX additionally utilizes highly corrosive chemicals and generates vast amounts of toxic and radioactive waste for which very little care is taken in the disposal.

To witness firsthand the toll Chinese rare earth production is having on the environment, one need not look further than the artificial lake located in China’s Inner Mongolia region where black chemical sludge, a byproduct of solvent extraction, stains the landscape. This embrace of environmental pollution on behalf of the Chinese, in combination with the lack of worker protections, allows the Chinese to manipulate the market and effectively control global prices.”

http://ucore.com/ucore-testifies-before-u-s-senate-committee-on-energy-natural-resources

This more recent Corporate Presentation from the end of last year does a good job of over-viewing their Gold Production, but obviously is a bit dated. They’ll have better results the balance of 2017, but it seems like a brilliant strategy for moving forward their Specialty metals projects. Also, the shares are currently on sale because their Gold production numbers has slightly higher costs last quarter, but that will be resolved moving forward.

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Alkane Resources – Annual General Meeting – Sydney
16 November 2016 – Corporate Presenation

http://alkane.com.au/images/pdf/asx/2016/161116.pdf

ditto………”the govt can not fix anything”…..

Oh, I see it now………..April 15……..And I agree , “what the Hell were they going to do if the sector really got hot”…..Goldman and the bankster thought no would notice, just rip off the little guy as usual. The SEC would not do anything, that is for sure…..

More of the collapse to come……..Rome is burning , little fires start, and then the entire city is in flames.

Sad but true….

We’ll have a “Robot Tax” come out of our government allowances at one point.

In some cases they’ve taken over the properties directly.

No, but, I have looked into them……….use to be a good return on the capital, that was back in the 80’s

The property would eventually be yours to deal with, if the default was not cured(tax lien not paid). One would want to make sure it was in a good location, or else, you become the future victim . But, every situation is different, so it could turn out to be very profitable.

I have purchase a lot of tax defaulted properties in the past…..most of the rentals which I owned were tax sales…..

Makes one stop and think……..real estate taxes can bite you on the butt, if one is not aware of the outcome……

Nice. On picking up the rental properties on the cheap in a tax-distressed sale.

Yes, I’ve been at several workshops where the investors mentioned that in “Deed” states [about half of them] that you can acquire the property, if the tax lien is not satisfied, but then the property becomes your headache/or blessing. Of course they touted the times where they got great properties on the cheap, but also mentioned a few stinkers (like swamp land) or plots in remote areas, that they had challenges reselling. I guess, like everything in life, it comes down to getting specialized knowledge, and researching the asset before you invest in it. Just curious. Mining stocks have just held my attention because I keep saying “why would I want to wait 1-3 years to make 10%, when I can make over 10% in a day in Jr miners?” 🙂

I guess the appeal is the “guaranteed” return on the tax lien investment, where with Jr miners you can also lose 10% in a day. 🙁 (hahaha!)

Lot’s of different choices on how to invest. Many flavors…..

Colorado uses tax liens and sells at public auction those properties which remain unpaid three years in arrears. I lived in Colorado in the 70’s and participated once. The taxes were paid about 24 hours prior to my getting a deed. However, I made 12% interest on my money that I had ‘invested’. It’s actually a very good method for counties to get their money.

Exactly………ditto on the 10% return on the miners………

Diversification……… 🙂

I keep telling myself I’ll just store the profits of investing in Jr miners into Tax liens or rental property, but then I think, why not just store the profits in some of the Royalty or Streaming companies that I can buy/sell/trim/add at any point with ease and make fairly consistent returns on. My plan is to ride up the PMs a select other commodities into the 2018/2019 and then rebalance those profits into more real estate. Until then…… it’s a circus out there! All the best sir.

Silverdollar – thanks for that feedback on the Colorado tax liens. Yes 12% sound like a good return. I’ve heard some states, can’t remember which ones, paid up to 18%.

Still I return to my question, “Why would I want to wait 3 years to make 12% or 18% when I can make that in a day or week on many mining stocks? ” Again, the issue is risk. There is 0 risk on the tax liens, because the counties need that money and pay you interest based on the fines they levvy on the lienholder for being late. It just helps them keep the budgets on track to have the money in the hopper and they pay you for volunteering your cash.

With miners, there are no guarantees.

I guess that’s the clincher…..

Stay with what you know……..and run it , till it doesn’t work any longer….. 🙂

There are no guarantees period……….except death and taxes…… 🙂

Why Stock Market Investing DESTROYS Real Estate Investing!
Apr 15, 2017

https://www.youtube.com/watch?v=yAs8fwCD8q4

>> I am alsocurious about a few of the #Zinc projects in the Eurasian Minerals (EMX) portfolio (even though they are more known for #Gold and #Copper projects):

* Gumsberg – Sweden

“EMX’s 2016 reconnaissance diamond drilling targeted both exhalative-type lead-zinc-silver mineralization and replacement style zinc-lead mineralization developed in skarn and altered volcanic rocks.”

http://www.eurasianminerals.com/s/sweden.asp?ReportID=620449

(EMX) Eurasian Minerals next Zinc project

* Balya – Turkey

“…drill programs have resulted in 190 core holes totaling more than 34,000 meters. This drilling has expanded the lead-zinc-silver mineralization in the Hastanetepe zone, and confirmed the continuity and tenor of the mineralization with in-fill holes at 25 to 50 meter spacing.”

http://www.eurasianminerals.com/s/turkey.asp?ReportID=619890

This could be (EMX) Eurasian Minerals next big polymetallic Zinc/Silver/Lead/Copper project…. Waiting for exploration work:

* Hardshell Skarn – Arizona

“The Hardshell Skarn Project is located approximately 75 kilometers southeast of Tucson, Arizona within the Patagonia Mountains and adjacent to (AZ) Arizona Mining’s advancing Hermosa project (Zinc/Silver/Lead). The Project is comprised of 16 unpatented federal lode mining claims totaling approximately 279 acres and lies between the Sunnyside porphyry copper system (Regal Resources Inc.) to the west, the Hermosa project (AZ Minerals) to the east, and the historic Trench mine to the north.”

http://www.eurasianminerals.com/s/arizona-porphyries.asp?ReportID=744640

As a reminder for (AZ) Arizona mining that is operating right next to that deposit that Eurasian Minerals has, here’s a good recent recap from the Northern Miner.

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Arizona Mining on path to zinc production at Taylor
BY: MATTHEW KEEVIL APRIL 13, 2017

” Arizona Mining (AZ) (WLDVF) has advanced its Taylor zinc-lead-silver sulfide deposit at a rapid pace over the past 18 months, and that hard work culminated in the release of a preliminary economic assessment (PEA) on April 3. The company is targeting first production from a proposed 9,100-tonne-per-day operation by 2020.”

http://www.northernminer.com/news/arizona-mining-ceo-path-zinc-production-taylor/1003785545/