SSRI is very well positioned along with PAAS for the future...BUT we need silver to move higher. Many are calling for 12 silver in the short term...I am not so sure of that and am not taking chances. Fully loaded with PAAS and SSRI while AG is my speculative position.
Its starting to feel like we are close to bottoming.
I believe that gold/and silver have already priced a rate increase...well see what happens, but i could not resist buying SSRI and PAAS today.
also picked up SSRI at 4.87 for the long haul.
Does gold go below 1000...if so, thats my next purchase for these 2. In 3 years it wont matter as silver will be above 40 and these 2 will 5x these levels.
it CANNOT be that the US is the only country in the world doing well...its simply naive to believe this.
One has to did deep inside the employment #s to figure out the participation rate is at all time lows.
Apple and even SWKS will be the last crumbs to fall but they will eventuallycollapse with demand for the newest gadget.
I wold not be shorting, but I certainly would never buy.
AISCC* per ounce of payable silver was $13.79...thats Fortuna
PAAS reported today and above 16....I like PAAS as well but they are losing money on every OZ now.
PAAS also below silver price now. If you really want to protect Fortuna making money at these levels and good cash on hand. I own AG, PAAS as well as Fortuna.
50 dollars coming
Frankly I don't care if you believe or not. This is a my real position with money I earned over a long career.
Work harder my friend, maybe you will find success.
DC, you know I love to trade to get better levels...At this point it is simply not worth it. I sold 90% of my SSRI up higher and booked 60% gain...started picking up AG to my 3.50 cost now and added a bunch of PAAS a bit higher.
We can test 1080 in gold, but I think the miners are pointing to very good things ahead.
Still lots of manipulation in the paper markets unfortunately...but that will come to an end shortly I believe.
Whoever sold to me this morning at 3.18 certainly didn't get the HIGH.
I dont pretend to buy at lows or sell at highs, but have done well in the past with unloved sectors.
Loved oil from 18 to 12 bucks way back when and turned a few buys into 10 baggers.
Not sure if AG is a 10 bagger, but I think a 5 bagger is reasonable with 40 dollar silver.