Avino silver – 10 X
On March 1st 2024 (March 2nd?) I posted here, that I bought ASM at 0.50 and EXK at 1.5 (that week I bought few more, but only these two I mentioned) Today ASM is trading over 10 times initial investment and EXK is trading over 5x. Today I’m taking some profits. I understand, that with current silver prices through the roof, miners should show great profits and should perform pretty good in the future. But with chart like this, it would be irresponsible to ignore and not take some profits:
https://stockcharts.com/sc3/ui/?s=ASM&id=p14731704435
I have no clue if there is shorter or longer correction in front of us, but I don’t really care. Money I will recuperate will be used for new investments. I will keep about half of these two for few more years to see, where they will end up.
Currently it may be interesting to look into some other options to add, like iron ore or cooking coal. Compare upper chart to this one for example:
https://finance.yahoo.com/chart/CKA.AX
It would be foolish not to spread out gains into assets yet to start moving…
I’m holding uranium positions longer than these silver ones, but still waiting for expected returns. I’m used to waiting on my positions to play out. (and I suck at trading) Since I posted my buys, I’m now posting my first partial sells and I don’t plan to post again.
Actually I stopped posting a while ago, but I did this one time exception.
In times of covid craziness, we here were laughing at brainwashed deranged left, which didn’t question anything, they were like sheep blindly accepting everything that come down from their leaders, like proper cult members. We could then see, how important is critical thinking.
Now, when different party is in charge, we are suppose to act the same?!? No more critical thinking allowed here in this forum! Whatever this administration decide to do, all is gold, all is the best, 4D chess, no one ever makes mistake. So now we should act like sheep? (or get the F out of here per owner)
One of the better critical thinkers I meet online is Strider. But he got banned for it. Even GoldBaloon was being set straight, when he questioned something reasonable. (I miss you both!) So, this forum is now mostly an echo chamber. Too bad.
(edit) With honorable mention to chartists, thanks for your contributions.
If someone knows, where Strider frequent now a days, pretty please post that web site / forum into comments. I surely craving to hear his opinions.
To all, take care and enjoy this resources bull. I hope it lasts for a long time. God knows, we deserve this. Finally!
Buck Fankers 🙂
Well done – you got right and sat tight. I wasn’t quite that wise, but was pursuing a different strategy. Which has paid excellent dividends (profits) so far.
You are also wise to sell into such strength and redeploy to other areas not yet exploding. Diversification works in all markets. I recently tip-toed into uranium and boy, talk about diversification in one stock, check out Abitibi. Cheap and sitting on great wealth. One day soon it will become expensive, just like ASM and EXK.
Keep on keeping on and thanks for sharing your experiences. Your point about the days of covid and what is unfolding before us now is well said and valid. Thanks for speaking up.
Yes thanks for speaking up Buck
You are welcome to your opinion ..BUT it’s wrong …regarding Strider and Goldballoon
Strider was stricken from the roster ( first one in years) because he verbally attacked the moderator incessantly not for his views . He posted his views for a long time which were polar opposite to mine …but when he became aggressive personally and continued after several warnings…that was it !
Goldballoon…who to this day is a friend…we had a heated exchange ….I was too harsh and apologized for my part in the .dust up..but he left of his own accord…always welcome back if he so chooses.
I have had cordial email exchanges with both subsequently and wish them well .
It’s fine to Criticize Trump here BUT there are several members who ONLY criticize Trump
They never comment on Posts where he has done incredible things….as in several times every day
Just when they don’t agree with or understand his positions and tactics..then they pounce and bitch and moan
That pisses me off !!!!
IF you can only criticize and never approve then you have zero credibility IMO
AND when Trump’s questionable tactics end up working after all… these same critics never comment that they were wrong
Since Jan 20 this year we have had almost nothing but wins and incredible ones at that…look how far we have come since the end of President Cabbage …it’s incredible …but rarely acknowledged by the doomers
I am not the only one who gives Trump and Comp the benefit of the Doubt
We Have Jeff Childers who also NEVER criticizes Trump and he is acknowledged as the best commentator on the Planet.
Also Tom Luongo (who once had TDS) and JH Kunstler and Clandestine and Patriot Josh and Eric Daugherty and many others .
Yes it pisses me off that many here are so negative as to what is happening …..but if that is critical thinking …then think away in your misery
OR YOU CAN GET THE BUCK OUT OF HERE IF YOU WISH …LET ME KNOW I CAN ASSIST…NO ONE IS FORCING TO TO READ HERE ….BUT OBVIOUSLY YOU STILL DO
AND IT’S A FREE SERVICE…YOU DON’T HAVE TO PAY TO CRITICIZE THE “OWNER” …GREAT DEAL EH ?
Points to you for recognizing Trump was the real desal early on. I doubted him a lot. But he has been coming up with a hit parade of success’s lately that even surprised me. The guy is unstoppable and unless he is lying about everything then he will be the change agent to alter the course of the NWO and keep it human for those of us who do not want to wear the Mark of the Beast.
Wait…..what?
Strider is gone? I noticed he was not very active but I never thought he might be blacked out of our daily roster of posters. More like on holidays. And Goldballoon too? Wow, I will miss both of them and I hope they return one day. The site won’t be the same with those two.
I really need to log on more often to stay up to date.