Goldtent TA Paradise

SSR fall 60%

1. Buck says:

   February 13, 2024 - 4:53 pm at 4:53 pm

   SSRM 55% down today due to mine collapse in Turkey, (9 miners missing – lets hope, miracle happens here)

   I’m sorry to hear about your loss. I took few 50% losses over the years, it happens in this sector, true. But you can be OK as long as you don’t over expose yourself with too big of a position. Never put all or most of your eggs inside one basket.

2. Buck says:

   February 13, 2024 - 4:59 pm at 4:59 pm

   >> I will be forced to sell my house…

   Just saw this, OMG! I forgot margin calls exist, I got rid of all of them years ago, too dangerous. Oh man, this is horrible!

3. Buck says:

   February 13, 2024 - 5:01 pm at 5:01 pm

   typo: margin accounts

4. YYZ says:

   February 13, 2024 - 5:41 pm at 5:41 pm

   Stunned! I truly wish you the best of luck recovering from your situation Mamare.

   • Mamare says:

     February 13, 2024 - 5:54 pm at 5:54 pm

     Thank you YYZ

     • Fullgoldcrown says:

       February 13, 2024 - 6:09 pm at 6:09 pm

       I’m stunned here as well Mamare

       Praying for your financial recovery

       You are a Wonderful Man ….of this I am sure

       Yes this sector is a curse

       • Mamare says:

         February 13, 2024 - 6:17 pm at 6:17 pm

         You are too kind to me Fully, I’m a very stupid man otherwise I would not be in this situation.

5. Plunger says:

   February 13, 2024 - 6:08 pm at 6:08 pm

   SSRM Slide Tragic:

   https://x.com/GarrettGoggin/status/1757424092364329154?s=20

6. silver fox says:

   February 13, 2024 - 6:10 pm at 6:10 pm

   Oh no, Mamare !
   That’s a hard knock, and a hard lesson. You will want to think hard on your next move.
   It’s going to be difficult to accept the loss and move on, but you have to do it.

   We might speculate that you are of a certain age – retired? In that case, what are your options?
   Rent?
   Relocate to a less expensive area?
   Live in a RV (if you have one) southern Arizona in the desert, perhaps?
   What about Mexico, or some other developing nation (Thailand?) where one could live cheaply?

   If it were me, I might consider Mexico. A new adventure !
   I wish you courage and acceptance in the next chapter of the life and times of the knight, Mamanre.
   Perhaps these words by Rudyard Kipling will help re-organize your thoughts:

   If – by Rudyard Kipling
   If you can keep your head when all about you
   Are losing theirs and blaming it on you,
   If you can trust yourself when all men doubt you,
   But make allowance for their doubting too;
   If you can wait and not be tired by waiting,
   Or being lied about, don’t deal in lies,
   Or being hated, don’t give way to hating,
   And yet don’t look too good, nor talk too wise:

   If you can dream—and not make dreams your master;
   If you can think—and not make thoughts your aim;
   If you can meet with Triumph and Disaster
   And treat those two impostors just the same;
   If you can bear to hear the truth you’ve spoken
   Twisted by knaves to make a trap for fools,
   Or watch the things you gave your life to, broken,
   And stoop and build ’em up with worn-out tools:

   If you can make one heap of all your winnings
   And risk it on one turn of pitch-and-toss,
   And lose, and start again at your beginnings
   And never breathe a word about your loss;
   If you can force your heart and nerve and sinew
   To serve your turn long after they are gone,
   And so hold on when there is nothing in you
   Except the Will which says to them: ‘Hold on!’

   If you can talk with crowds and keep your virtue,
   Or walk with Kings—nor lose the common touch,
   If neither foes nor loving friends can hurt you,
   If all men count with you, but none too much;
   If you can fill the unforgiving minute
   With sixty seconds’ worth of distance run,
   Yours is the Earth and everything that’s in it,
   And—which is more—you’ll be a Man, my son!

   • Mamare says:

     February 13, 2024 - 6:26 pm at 6:26 pm

     Thank You silver fox , I’d love to stay in my country ,what I would need would be a miracle that would make the rest of my gold/silver stocks to go up but they are all beaten down and I’m afraid there is not a sign of a bottom for the sector , new lows are near unfortunately.

     • Farmer says:

       February 13, 2024 - 9:18 pm at 9:18 pm

       We are very close to a positive price reversal in metals Mamare. Two more weeks waiting….that’s all.

7. Farmer says:

   February 13, 2024 - 9:16 pm at 9:16 pm

   Maybe don’t sell just yet Mamare. The chart is showing that the February lows have been hit. March will be a reversal month if the chart does not invert. The trade looks dark right now but 15 days hence should offer a few green shoots and some new hope once the engineers assess the damage. I would hold if it was my trade since crystalizing such a loss now is obviously going to be devastating for you. What is the risk of waiting two weeks for a possible price reversal? What i mean is, you have already taken the pain side of the trade and hit the technical bottom so don’t be panicked into sell the low no matter how bad it feels.

   • Mamare says:

     February 14, 2024 - 10:49 am at 10:49 am

     Thank you Farmer I hope I will be able to get out of this situation with less scars possible but in order to do that this carnage must end soon.

8. JSKauai says:

   February 13, 2024 - 9:54 pm at 9:54 pm

   Mamare I feal your pain. I have a few thousand shares of this and it been a core holding for many years.

   • Mamare says:

     February 14, 2024 - 10:50 am at 10:50 am

     Thank you JSKauai