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Sir JSK,
Did you mean that yesterday it seemed the train had left the station, but today we can buy some that have pulled back?
Thanks,
GL
Yeah, yesterday miners seemed very bullish and today with a little pull back in metal prices, bullish dip buying seems lacking. Take a look at Pan American Silver and Mag silver’s price action yesterday vs today. Like I said what a difference a day makes…LOL
FWIW, I bought back a first tiny tranche of SNWGF.
Today, I’ve decided to chase strength!
Yesterday, I cost averaged down on SMDRF and OCGSF!
GL
OCGSF, I used to own this one when it was called miramar and it was chasing gold deposits in Nevada. I learned my lesson on this one and all of the OTC stocks in general. I prefer NYSE or NASDAQ listed stocks to trade. Look at the volume for today 4000 shares traded at about 16 cents…$640…pathetic! I’m trading $1000’s a day. Useless this hits some mother lode it is just dead money.
correction not miramar mining but miranda gold
Sir JSK,
I take that low volume as a “selling has exhausted” sign.
If high volume were to accompany price going lower, that’d be a red flag.
On a long term chart for OCGSF, I see 5-7 TA indicators all curving up from their bottom.
For one who has made a lot of money in NSRPF and SVBL, I know what would have been the disastrous outcome had I never sold them at 2x-4x and just held them. There are times to trade and not get greedy and sell some or all. But I know exactly what Sir Plunger means “now is the start of a long buy and hold period”.
GL
isnt this what we wish to see ….?
before the fire catches..
Id be interested in what pedro & silver fox have to say…
I don’t really play the day to day squiggles.
If I see something from a larger perspective, I’ll weigh in.
Silver miners still weak, overall.
GDX in a grey zone neither bullish nor bearish locally, but beneath key support here.
I bought 1,000 shares EDV.to @ 32.61
https://stockcharts.com/h-sc/ui?s=EDV.TO&p=5&yr=0&mn=0&dy=1&id=p12368885128&listNum=43&a=1459855694
“Today, I’ve decided to chase strength!” IMO, unless you plan on selling as soon as you can make a quick profit, then looking at the chart this one is ripe for a pullback.
Myself, I have decided that this is now a buy and hold market. Trying to time the pullbacks in order to avoid drawdowns is no longer my objective. It was for the past 3 years. Going forward my highest priority is to NOT be left at the station sucking my thumb. This strategy will of course mean there will be times of incurring some pain. However since I properly identified the beginning of this rally due to seasonal and negative sentiment I have the advantage of buying at the late June lows. It would have been even better if I had bought at the September 2022 lows, but I was not that fortunate.
We witnessed a 25 month bear market in PM stocks, Aug 2020-Sept 2022. The bottom in June I believe was the test of the Sept 2022 lows.It’s time to grab the brass ring and position oneself for the market environment that should exist 18 month from now.
Just really really admire your humility and frankness, Sir Plunger.
In the next 5-6 weeks, a big move looms.
The charts have been painted so so well, that we really cannot counter Sir Nightingale with any contrary chart for his bear case.
GL
And I’m ready to add more SNWGF if the pullback happens, Sir JSK.
For the record, I entered today at 3.76 apiece.
The “size” is under 0.5% of my portfolio.
And, to add to your “pullback” “take” … https://twitter.com/Silver_Gold_U/status/1681701186913685511/photo/1
Let’s see.
GL