Loading ...Snake oil
salesmen galore out there. Gold Ventures guy just screams to followers to buy at all corners. This chap brags of all his fortunes yet has nothing better to do in life but twitter. Careful amigas and trust your charting skills and ignore the pigs. GrSilver sample
Plus 1 HR
Rather than criticize the GV guy, for his choice of forum (Twitter), we can just compare the charts of say, HL, versus GRSLF: on a 3-month or 3-year chart they are almost exactly the same, on a 5-year and 10-year chart, GRSLF hugely outperforms HL … not sure you’re right here, Sir HighRoller.
What am I missing?
Respectfully.
GL
his last screaming buy tweet aug 06 was into direct resistance of the 20ma on a downtrend, clearly a test of resistance, his charts lack lots and lots of info.
https://www.tradingview.com/x/jWlqPLhb/
The fastest %age gains in such juniors are made when they dip below all MAs. RSI was/is at 30, or in low 30s. Slow stochs are at a bottom. Williams %R has been bottom bouncing since 7/12, if not even longer.
I learned from many, not just the “GV guy” that the time to accumulate juniors is when nobody wants to touch them. By accumulation is meant dipping your toes, once, twice, thrice, four times.
Oversold can get oversold-er, just like overbought can get overbought-er, nobody rings the bell at the bottom or the top.
In the case of GRSLF, such oversoldness was seen only during the March 2020 epic slam.
It is up to us adults, not to “buy in/on”, literally, every screaming buy tweet, isn’t it?
GL
Agree GL ! Very difficult to time the mining market !! GV is excellent in picking high quality juniors. By the way: it seems to me that juniors are getting hit less hard lastly !! My portfolio made of self chosen and many GV picks is FLAT during the last 30 days !! I am not suffering that much…..
Thanks Sir Dangermouse.
All I want to request my fellow-Tenters is not to “pick” on GV’s “picks” … LOL
In these juniors, such huge percentage down moves can be made intra-day or intra-week. Stop losses may be good for senior PM miners but not for juniors especially if you’ve not been in that juniors’ game for more than a few months? (This point is where I disagree with the fully-respected strategy that Sir Plunger advocates and practices)
If GV was selling snake oil, why would he (re)post the miners’ press releases on his Twitter page?
How reassuring is it that GV tells his entire portfolio, including his recent sell of AYA (MYAGF), in parts, and now he has sold all of his position in AYA, and bought 5-6 new “under the radar” juniors with the proceeds? IMHO, that is the highest level of honesty. In fact MYAGF rose even further after GV sold all of it, and my last sale of MYAGF might have been at a higher price than GV’s. If I can make 4x-8x in a stock and exit it in a year or two, am I selling snake oil? GV even tells that in each junior is he risking even 1-2-3% of his entire portfolio.
Once again I’m entering GV’s juniors to see how much meat they have. With seniors, I will really have to time my entry and exit. Not so with juniors.
GL