Certainly good news as even if the price of metals drop the increase in production will help to offset it.
Ask anyone who was in on the last silver spike around 2011. They zoomed...............and then crashed. As silver hits 22 I'd be wary as far as holding these calls. But it's all about the mo-mo with the metals. IMO, once you get about a three week stall in the momentum you should seriously consider going short. I've been in the markets since 1977 and have the experience of time to offer. The sell off in metals (at least silver) was brutal. No reason to think gold won't hit that 1900 mark again within the year and silver should follow it up. So HL at 10 isn't out of the question.
VXX and TVIX are gone as of a week or so back. Figured silver was a better way to cover a disaster as it seems to be wanting to go up either way.
syz, a few weeks back I posted I held HCLP, MSB, VXX or TVIX I believe. Been in silver for over a couple months. Out of the others at this time. heavily into silver and some small positions in oil related. Cash wise? About 30% cash. Don't do bonds. Have done options in the past and of course either did really good or really bad there. So now I stick to stocks alone. If you're really sharp and have the time to sit in front of the computer using calls and puts to hedge your stocks does pay off. And red thumbs? I never red thumb as it's too infantile to do. If I don't like what a person says I'll post it. No knife in the back from me. GL syz
DH, entry point? OK, Pound seems to be headed back to where it was when it first entered the Euro. 88cts. The metals have some gaps to fill so anticipate some pull back there, ( maybe as much as the high 16's on silver. Bitcoin and the dollar seem to be best buddies these days following one another. Get some MANH and cash out at earnings. Oh, and if oil gets above 51.50, watch out, could run to 60.. There you are, buy some gifts for the wedding with that advice.
I'd wait also for the drop to turn back up. Just wanted to alert the board as to watch it. WLL is another one to watch. Also, FYI, MANH is coming up on earnings is showing a run up now. Not that it's a 'lock' for an 8 dollar move up on earnings day. But from todays price, a run to 75 is well within reach.
Got to look at it the same as what's happened to a lot of oil issues. We know these prices on oil are fluid and the chance of a rise now in oil is much more likely ( over the next year). As long as what we're talking about is a company we feel secure can weather these downturns, you'd think it would be an opportunity.
you have a few issues that have been beat up this week. Not long term imo, just a day to take advantage of the last two days drop. Again, gold or silver are winners from here. And I never have liked the metals except when it's obvious to own them.