Loading ...AG or SSRM or both
My dear chartists and technical analysts, please share your opinion and/or holdings for AG versus SSRM.
Or is there another stellar silver miner? Major or junior, doesn’t matter 🙂
I’m thinking for a relatively long term hold.
Or, like on the lines of Sir Rambus’ advice … of how to split a $100k portfolio … if the advice is to spread it across 3 or 4 or 5 major and/or junior silver miners, that’s great too.
I understand all investing risks and decisions are ultimately my own.
Best,
G L
My silver holdings, your mileage may vary: AG, MAG, SILV, AXU and my lil ISVLF. I chose these because silver is the majority of their mining profit. Lot’s of silver miners aren’t primary producers of silver. So if you believe silver will eventually explode, these are the ones leveraged the most to silver, IMO.
Thanks a ton, Aurum M!
Out of these, which is the one (or two or three) that I can buy today, at the market price, without the need to worry about dips in price?
Again, emphasizing that I understand all investing risks and decisions are ultimately my own.
Also, can someone share a (long-term) technical analysis of MAG?
Without the need to worry about dips?! You should invest knowing the whole shittery could go to zero. That said if you like the long term picture then the price you paid won’t be the price you sell. All the in-between in just noise.
So here’s my take on any miner I invest in: so far I’ve been taking profits regularly, even on small positions.
But this recent 38% correction in the S&P and Dow, has finally “ushered in the era” that at least some miner positions can finally be held for 1-2 years, if not longer.
This financial mess will take many years to sort out, and gold and silver will be in steady rises.
When we talk about the “whole shittery could go to zero”, I have seen many juniors losing 80-95% including some which I owned. From those lessons, whenever I converted a position to 70-80-100% gain, I sold half or so, to make the remainder cost free or sometimes even negative cost basis.
However now the tide seems to have turned.
Just like the famous 4 horsemen (NEM, FNV, GOLD) there will now be many which are ready to transition to long term buys and hold even from the “lofty” prices they are at today.
The strategy now onwards is reduce the “shittery” positions to minimal.
In other words, holding speculative penny stocks have lesser justification now.
Gold Learner, Since you say long term and not concerned of risks with a junior my favorite is MAG. Partner in large project in Mexico (not my favorite jurisdiction,not the worst either,but you go where the silver is. Project starts up next month. ATH is 18. If silver gets going MAG takes that out. Very volatile but lot’s of potential.
Chartsmaster,
Your reply came as I snail-typed mine asking about MAG 🙂
I once ventured into SVBL … mines in Mexico as well. Turned out a mixed experience for me, albeit it still has the most catchy name. Any cautions against that one?
You always have risk with governments especially in South America but Mexico a little better than others. Fresnillo is the lead partner on project and they are huge with deep pockets.
SSRM is doing a merger/takeover through shareholders and the court. Best avoid SSRM until the merger is completed in 2 to 3 months. There may be unintended consequences of the merger/takeover.
Don’t forget about PAAS -> pretty stable silver producer.