Mesatchornug
NES Member
nah, just stand it in the whipped cream on your coffee.
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Gold and silver prices are down
- Thread starter Rider
- Start date
Varmint
NES Member
$1926 after 5% Ebay Bucks. Not a terrible price.
$20 Saint-Gaudens Gold Double Eagle MS-63 PCGS/NGC Random | eBay
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HL currently at $6.02/$6.03; how low will it go?
Let's see what the 19 March $6 Put will do for us (cash-secured put).
Sell 10 19 Mar 2021 $6 puts for 34¢ (.34/,42).
See you in 16 days...
Let's see what the 19 March $6 Put will do for us (cash-secured put).
Sell 10 19 Mar 2021 $6 puts for 34¢ (.34/,42).
See you in 16 days...
Varmint
NES Member
Silver stocks haven’t bottomed yet. I think it’ll go to 5.65ish and maybe 5.
Perhaps.
All I know is that we could have gotten closer to 45¢ on the 16 Apr puts, had we waited another hour or so.
At 45¢ our b/e would be $5.55 a share. Come 16 April we will either own 1000 shares at $6 each (adjusted cost $5.55) or we will have earned $450 on our $6000 cash balance (7.5% in 16 days).
Powell has no choice but to drive bond Treasury yields back down through even more aggressive Fed purchases. The fall in demand for Treasurys is not bearish for gold.
Varmint
NES Member
Finally seeing capitulation in mining stocks and good silver stock selling but not capitulation there. With a silver shortage even in 1000 oz bars, it’s kind of ridiculous for silver to sell off but that’s the Comex.
Price entries are looking real good for junior explorers and producers. Stuff like Sabina, Avino, Alexco, Osisko, etc. Galway, Benchmark, Skeena, Aftermath, Vizsla.
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Varmint
NES Member
Yeah it’s a fire sale. I’m planning to sell Vizla if we get a bounce, think there’s issues with them, and Osisko is off my watch list.
Great buys I picked up shares of today: Lion One, Ascot Resources, Irving, Eskay Mining, White Gold, Sabina, Fury Gold, Probe Metals.
Now I’m all done buying gold stocks, my remaining cash is reserved for silver juniors, which I’m hoping go lower still. Trying to buy BlackRock Gold, Defiance Silver and Aftermath. Got a little Defiance today at $0.43 but think it may go to $0.36 if we have a V bottom.
What do you guys think about this?
gab.com
Scottsdale Mint on Gab: 'Last night on @RobertBeadles, Josh announced a ne…'
Scottsdale Mint on Gab: 'Last night on @RobertBeadles, Josh announced a new trading platform Scottsdale Mint is spearheading called Stacker Market. We hear all the time, "You can't buy bread with silver". With our new platform, you can. Buy physical silver and gold and trade it digitally. •...
Varmint
NES Member
What do you guys think about this?
Scottsdale Mint on Gab: 'Last night on @RobertBeadles, Josh announced a ne…'
Scottsdale Mint on Gab: 'Last night on @RobertBeadles, Josh announced a new trading platform Scottsdale Mint is spearheading called Stacker Market. We hear all the time, "You can't buy bread with silver". With our new platform, you can. Buy physical silver and gold and trade it digitally. •...
If you can have fractional ownership of fine art and real estate now, why not silver?
I'm super interested in this. Like crypto backed by physical. I signed up for updates. I trust Scottsdale Mint. Not sure I would anyone else.
Varmint
NES Member
Yeah, not sure the details but I'm sure it'll be cool if they're behind it. PSLV is nice but it's not redeemable (unless it's like thousands of ounces) so it's really just a trustworthy silver ETF.
Two gold stocks are some of the only gainers on my watch list today.
Let's hope you're correct.
richc
NES Member
I'm either right or I'm wrong... that much I'm sure of!
Win
NES Member
My personal feeling is that the low pricing for PMs is a gift and the longer it lasts the longer we are receiving the gift.
Could be a few more days of range bound trading from this week’s lows. This may last through June. I don’t expect them to drift much more. Paper hands are shaken out. Diamond hands are holding long. The fundamentals are still sound and inflation is here and now. We could still possibly see a liquidity trap with some deflationary event though I am more or less against that viewpoint.
Well, good luck trading. Get some trigger time over the weekend and let's pick it up again Monday morning...
richc
NES Member
Yes. Without some trigger time, weekends can be such a drag, huh?
I guess we'll have to get into Bitcoin or other things that trade 24/7.
I guess we'll have to get into Bitcoin or other things that trade 24/7.
richc
NES Member
Varmint
NES Member
Gold bulls are putting up a monster defense of $1690. Curious who the sellers are, that would probably be very interesting if revealed. The powers that be don’t want a high gold price cause it undermines confidence in the smoke and mirrors.
So true. Call me impressed as the war is raging at this level. If only phys was at this sale price
Varmint
NES Member
So true. Call me impressed as the war is raging at this level. If only phys was at this sale price
Was just happy to get Eskay Mining at $1.45 today. None of my silver juniors bids got met though, hopefully didn’t miss out. Gold stocks look like they’re bottoming but can’t tell with silver stocks.
You didn’t trigger Aftermath at .70? It hit .69.
I picked up SILJ at $14.39 and got real edgy and picked up one GLD at $159.25
It looked like things were rebounding a bit so I snatched it up! haha.
I couldn't do this shit for a living....
It looked like things were rebounding a bit so I snatched it up! haha.
I couldn't do this shit for a living....
Today may have been the bottom and it may not have. Nonetheless I’m still holding on my FSAGX with a large sum down 15%. Even if it goes lower I’m still adding to my position every week. There’s only so much lower it can run as the bulls are holding and dips are bought up quickly. Right before noon today was an awesome entry point.
Varmint
NES Member
moved it to 0.68 lol. Doh!
Varmint
NES Member
I think maybe silver stocks double bottomed today, hitting the Jan 27 lows, but just my gut feel.
gold stocks are bottoming for sure. Eskay is up 20% already.
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