Loading ...One Way or Another Silver Is A Buy At These Levels
Most regulars and visitors probably agree that silver is an unbelievable value opportunity. At $21 the physical is a screaming value and should be one’s first priority. Some may speculate with the juniors and explorers and a small portion of ones portfolio is worth the risk. I have said that for 2023 my favorite stocks for gold and silver are NEM & HL respectively and I see nothing to change that. I would like to throw in one more junior for a low risk, high reward play. Below is the ten year chart where you will notice that when silver moves, CDE moves BIG. At 3 it is right around book value. It went from 2 to 16 in 2016 and 2 to 12 in 2020-2021. A triple to 9+ is my minimal expectation for this coming rally in silver. 
I’m always UP for a Silver Rally…Phys Phirst
Not much enthusiasm for Miners any more…Good Luck CM
So far today this is an untimely post CM…silver down 4%…it’s a Bloodbath.
You have to understand that People LOOSE money in PM Stocks…a lot of money and over LONG periods of time…The moonshots you are posting about are rare and short lived…NO one makes money on them because they are seductive and then flame out
Unless there is an bona fide breakout I have to take the other side here and recommend people STAY OUT of the Miners
PHYS for the long haul and when you have it safely tucked away you wont be tempted to sell it JMHO
“an untimely post CM”
Reminds me of a stopped clock. He will be right some day as he posts like this at least once a week.
He’s simply a permabull in a market that crushes them. I don’t see a shred of technique, or backtested methodology.
Most investors that actually commit REAL funds the way he suggests, would be curling up into a ball by now. His commentary doesn’t match the psychology of a busted loser. Does it?
FGC with all due respect you are too emotional. Look at my post again.”At $21 the physical is a screaming value and should be one’s first priority. Some may speculate with the juniors and explorers and a small portion of ones portfolio is worth the risk.” This isn’t a trade for one hour. I knew today would be down, THAT is when you want to buy. Not for a half hour but for weeks & months. This is a specific stock at a low point where I showed on the chart how it rockets when silver rises. It wasn’t a general across the board buy everything and it wasn’t for one hour.
As far as PDL he is trolling again. His posts are so worthless it is laughable. He gives 6 possiblities, no strategy but makes sure no one can say he is wrong because he tells us what others are saying and couches his nonsense in unintelligible dribble. I purposely skip right by them but keep checking to see if he ever has anything discernible. Not once in three yeaars but I keep checking.
The two of you serve to show what a Market is
Ying and Yang
My Point is Permabulls in PMs…get slaughtered
I am here to warn ANBODY to be very cautious investing in PM Stocks
I have been in them for 25 years and I know what I am talking about
I know many who have been financially destroyed taking the advice of Permabulls
I used to follow guys like Bill Murphy ( Midas ) religiously…had great profits and always gave them back and then some
FWIW in this sector…MOST OF THE TIME 90% IT SUCKS !!
“My Point is Permabulls in PMs…get slaughtered” I understand your point but have to disagree. Like anything else one has to be specific and not generalize. Let’s break it down into three specific subsets. Gold bullion has done nothing but go higher over any reasonable period of time. Pays to be a permabull there. That was the easy one. Silver bullion has been the most frustrating thing but unless you chase breakouts and bought the two $50 tops, no one is getting killed if you hold the physical. Now we come to individual stocks(not PM mining ETF’s which I never buy nor recommend) I have made recommendations on HL, NEM, MAG a bunch of explorers that are mostly under water and now CDE. HL, NEM and MAG. They have been down, up and all over the place but nothing disastorous. It is like anything else. What you buy and when and at what price. I don’t chase breakouts I usually buy selloffs into support and am patient. Anyone who bought CDE today will do just fine if they weren’t looking to trade for just a few days. I described how it performs when silver has had past runs. I expect another run in silver this year and CDE will double or triple (at least) whenever that happens. I understand your frustration with the PM stocks and silver. That doesn’t mean one shouldn’t participate just understand it is a long game.