Some of my favourite miners have had a great run recently.
They looked toppy and overbought.
Sold off 10% this morning in those issues. Holding the rest. So far I got the highs of the day but who knows.
This may be the day when silver breaks out. Never hurts to sell some, smart to sell a smaller amount like 10%. I think the silver miners could go ballistic like Plunger suggests.
In hindsight I did miss out on a few highs but I feel good about it. I needed to lock in some Capital Gains to counter some losses I took this year. Bought some of the stable producers on margin and was getting nervous. It’s not my money and if it goes the other way….I’m fooked.
FWIW – GDX target is $43.50 (support/resistance line going back to Oct. 2023), if it doesn’t hit it today, looking for consolidation. Today’s move should get some attention by the herd. Pull back/consolidation from here could be shortlived though, due to so many on the sidelines. Institutionals aren’t even in the game yet.
We all know how the evil bastards at the WEF need to tell us in advance of their nefarious plans so Karma doesn’t bite them in the ass.
Well could it be we are close to the bullion banks losing control after a decade or so in the silver mkt?
Thus when Kamala says, “Imagine what can be, unburdened by what has been”, could it be a veiled message to us that we are about to be unburdened by the short sellers in silver and we may be in for a nice ride up :).
and the stocks finally go ballistic
Today could be a POR moment, esp given the intraday movement (usually dead). Interesting to see how we close.
Some of my favourite miners have had a great run recently.
They looked toppy and overbought.
Sold off 10% this morning in those issues. Holding the rest. So far I got the highs of the day but who knows.
This may be the day when silver breaks out. Never hurts to sell some, smart to sell a smaller amount like 10%. I think the silver miners could go ballistic like Plunger suggests.
I am giving silver until 34.78 before it plnges back to earth.
In hindsight I did miss out on a few highs but I feel good about it. I needed to lock in some Capital Gains to counter some losses I took this year. Bought some of the stable producers on margin and was getting nervous. It’s not my money and if it goes the other way….I’m fooked.
FWIW – GDX target is $43.50 (support/resistance line going back to Oct. 2023), if it doesn’t hit it today, looking for consolidation. Today’s move should get some attention by the herd. Pull back/consolidation from here could be shortlived though, due to so many on the sidelines. Institutionals aren’t even in the game yet.
We all know how the evil bastards at the WEF need to tell us in advance of their nefarious plans so Karma doesn’t bite them in the ass.
Well could it be we are close to the bullion banks losing control after a decade or so in the silver mkt?
Thus when Kamala says, “Imagine what can be, unburdened by what has been”, could it be a veiled message to us that we are about to be unburdened by the short sellers in silver and we may be in for a nice ride up :).