This doesn’t happen very often
but when I saw Fully put the jinx in and tepid response to the jump in silver prices, I sold my remaining SILJ call at the high for the day @ 170% gain. Makes up for some equally huge losses in 2024, of course.
but when I saw Fully put the jinx in and tepid response to the jump in silver prices, I sold my remaining SILJ call at the high for the day @ 170% gain. Makes up for some equally huge losses in 2024, of course.
You’re welcome…buy me a coffee
Fully – also thanks bought some GLL yesterday
Great I am thinking about starting a contrarian trading site…I will jinx Precious metals ON DEMAND
For a small fee of course!
> for the day @ 170% gain
Congratulation!
I got my ass handed to me several times playing with options.
Nice trade. For sure a bad reversal today. My HL shares are down quite a lot apparently on earnings too on top of the border reversal. Nothing is ever easy in this God forsaken sector. I look at the move palladium made from 1996 to 2001 as an analog to silver now, but there is no doubt it moved much much smoother than silver. It makes silver basically the equivalent of roulette on short time-frames in comparison. Silver doesn’t understand what a trend is
One more thing. I have a pretty good indicator, for spotting short term tops in PM. Every time I get euphoric and I want to post how my positions are doing, it is, when things change on worse. At least short term if not longer.
I posted here year ago on a day, when I was buying ASM and EXK. LT positions. Somehow, by a bunch of luck, I was buying on a first day after bottoming, I think it was March 1st. ASM was today close to hit previous high. Position is up 3x. ASM lagging, only up little over 2X.
https://stockcharts.com/freecharts/candleglance.html?EXK,ASM|D|0
So, I’m not surprised at red day. But since these are my LT positions, I will wait another year or two. I’m going for 10 X. Will it happen? No clue.
Uranium still hates me…
Right there with you, Buck. My emotional state gives me strong “clues” (like a smack in the face): euphoria = sell, depression = buy
Link not properly generated, that: |D|0 belongs at the end to show whole year.
This copy/paste this:
“https://stockcharts.com/freecharts/candleglance.html?EXK,ASM|D|0”
A 50% run in a 12 month period is probably the max gold (is allowed) to run. I left around 47.5%.
earlier post:
https://goldtadise.com/?p=650661
Looking for a GDX gap fill at around $37.90 and Gold gap fill around $2770.
I did post a chart a day or 2 ago , why so surprised everybody ?
If you would kindly post a link, we’ve all been drinking from a firehose lately.
https://goldtadise.com/?p=651455
As with Boomer, those charts and esp your GDX/GLD chartwork confirmed the end of the near term bull run was nigh.
Sold my PM derivative holdings (mining majors) progressively from 02/06 to 02/11.
MANY, MANY THANKS !
I wasn’t surprised at all. Sold into this rally earlier in the week but was swinging for the fences on silver since the price continues to be oppressed. Got ’em cheap, sold them dear – cleared out everything that expires in February and your chart sealed that decision. Many thanks!!