I sold out my entire 100k shares at 7.15 ( bought at 4.65 ), watched it go above 7.50, and now we are at 6.92.
GDX was and still is overbought, but I don't see the drastic flush that many are talking about. Im going to start buying back in shortly...already bought a bit back at the close actually.
No luck at all...buy big big dip and sell the big big rises. UNTIL we have a definitive change in direction in gold/silver. That has not happened yet. I still feel we will likely dip big one more time so still plenty of time to get in what will be a massive bull run over the next 5 years.
For now the only way to play is to trade it.
Id say silver/gold will be very good investments over the next yr to 5 years. Miners should be a smaller % as they carry a lot more risk, BUT, imo there is not that much downside left although I am expecting a final flush which can take silver down to 12-13 level for a very short time.
I sold 100k shares today, entire position. It def could still go higher short term, but my guess is down to 6 no lower.
been in a while now...4.65 average and got out at 7.17 average for 65.8% gain. Big position so was selling all over today.
I took profits with intention of getting back in at lower levels as cannot see the rally lasting without a final flush.
Looking to get back in at 6 or under ( hopefully ). Sold my AG as well for smaller gain. Held on to PAAS as bought at 6.40 recently.
started shorting at 70 level all the way to 105.
Holding 40k short now at 88 and will be rewarded handsomely for my short. I told all those including Cheetos that the markets would take this down as would apple. 50 dollars is coming in this name. You aint seen nothing yet!
long now at 6.42. Thats it thats all. I sold my shares at 11 so extremely happy.
I am long for the longterm now. Unless we go below 4 I won't be buying anymore.
Good luck all.
zone, that is the market. I waited a long time for panic. Sometimes panic can last a few days so have some powder left. I think we are very close to a low but to say I picked it would be foolish. If I did, its simply luck as bottoms are incredible tough to pick. Good luck.
been out of PAAS for a while since 11 bucks. I sold some of my SSRI which has held up remarkably well to buy back some PAAD at 6.80. Ill buy some more if it breaks 6 bucks but I doubt it and SSRI is still looking amazing in my eyes.
Punting on JNUG as well at 9.30 but will have a 20% stop there. Good luck all especially DC!