Loading ...A big thank you to Bob Moriarty of 321gold
Dear Tent,
The endless, going at least for two decades plus, effort, that Mr. Moriarty has made to collate and gather all these articles is truly phenomenal.
In fact, just late last night, I read an article by Alchemy Financial: this author or site did not seem familiar to me, hence the curiosity to select this article over the other new ones which I’m still to read.
There’s still so much for me to learn, but why I’m sharing this article is selfish, even childish: I missed out on the great bull run in AG / First Majestic when it ran from under 4.2 on Feb 13th to 5.81 on March 21st.
Now, what was I to do? Simple: wait for a pullback and then enter a tiny position. That much I knew.
I did that and made some great gains quickly. Awesome!
But could I now sit back and not sell AG at all? No!
So, I remembered to take the profit, twice.
Do I have a cost free position in my remaining holdings of AG? Not yet.
The author at Alchemy Financial rhymed with my approach.
The learning is that I’m still looking for a template to apply to the likes of AG, CDE, HL, SVM etc. etc. but more and more and more the picture is getting clearer. Firstly, volume and secondly, the “well-known-name” attribute in these tickers causes different price action than that in the juniors!
And the article explains in painful why the AG of today and the future, might not be the AG of past! Please read with patience, and not bias!
https://drive.google.com/file/d/13O01Lfp7GO056WLztVvSNiKgjjMuihqm/view
I’d like to hear from the great minds at the Tent, where they disagree with Alchemy Financial’s analysis in general and analysis of AG/First Majestic in particular.
Thank you Sir Fully for this great forum.
May God bless us all and protect us from harm.
GL
Those silver stocks you mentioned are not the best ones. That’s investing by looking through the rear view mirror.
Better choices have been SILV, AYASF, FSM, GGD.to, and as a spec position NEWP there are others but one should be looking forward not at these past top picks. Those stocks depend on silver going much higher and have major flaws. Oh they could do well, not saying they won’t but take CDE for example, the only thing they have proven that they are good at is mining their own shareholders.
Thank you Sir Plunger.
Many dismiss or criticize Bob as a pump and dumper among other more choice descriptions. I’ve had email exchanges with the guy and he is wicked smart about mining, and precious metals mining in particular. He’s also a man’s man, although he carries some political opinions that make me personally cringe.
The latter has little to do with making $$. And Bob is all about making $$. He’s shared endless reams of profitable information for those willing to learn and take responsibility for their own decisions. No one is ever right all the time, but Bob has a huge winning percentage and puts his $$ where his mouth is – he invests heavily in what he ‘recommends’. And he owns up to losses. And stupid moves.
Regardless, the article that you linked is damn good. Might even use “outstanding.” He’s a mix of some of the better guys out there; especially like his “taking profits, reinvest” methodology. I emailed a fellow bug about this article and his Patreon service – “$100 a month, out of my price range, but likely to make me an extra $1,000 a month if I subscribed.” Also known as broke thinking….
Thank you Sir Silverboom.