I have had my heart broken for the last 9 months on silver and gold miners. Technically I want to be with you, but the underlying is sooooo heavily manipulated.....I kick myself for tying so much of my account long miners. I have traded this before and made a few dollars...so I am gonna roll with you on this. I have liked this, AUY (out of that for now) and I am heavy in NGD calls. I have often traded SLV the fake JPM Ponzi Scheme. CPPKF has been great for me and I am high on that going forward too....would love to get your input on that one.
I appreciate your work. I look at them all and I appreciate you!
Visionary
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@rshowers, Hey thank you for the feedback! Precious metals are definitely NOT the fastest horse in this race... I've been burned before on calls and now I strictly stick to leaps (2022 & 2023) and I have no reservations about rolling them if the need rises. I really think considering all the things happening that commodities are on the move and lagging behind is gold and silver. Even compared to platinum and rhodium, gold and silver haven't made significant moves. I'm not going to dispute your statement about manipulation LOL. However, I think the powers at be will continue to let gold and silver be a good store of value. I'm personally very bullish on commodities; things of real value.
Also...on CPPKF..it's about to complete a cup and handle (on monthly and weekly chart) and might experience a slight pullback to 0.38s before it explodes upward. Given, the manipulation, personally I rather be IN the trade especially if I'm LONG for the long haul (1-2 years)...
rshowers
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@Visionary, You were reading my mind. I have cppkf at $.174 average. I am looking to double-up and looking for the entry.
I have a lot of gold stocks so I like the vid you sent. What I worry about is the rising rates paid on the 10-year treasuries and the effect on gold price. I was in a lot of silver because of the ratio, but it is so ridiculously corrupt of a market that it defies logic. The miners are supposed to go first but where is that? To me it should have happened already. I agree with your guy that it is going to fly quickly if it flies, but honestly the emotions of that are often devastating. How many times have I gotten half of a run? Sigh....
I have a lot of 1/22 calls so I do need to continue to move them out as you sugggest. It’s like you’re a witch.....I have had most of those for 9 months so they seemed so far off....I was SURE they had to go.....I still am but obviously it isn’t working on my time frame. I just feel stuck. This video you linked is EXACTLY what I needed to see. I even dabble in crypto (de-fi). I have the same emotional issues your guy describes. Traditional knowledge has not served me well. I am gonna follow this guy...thanks for serving this up to me and for your technical analysis.
Visionary
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@rshowers, We're in an interesting market during interesting times :)
I've been following Francis (market sniper) since early 2010s when I first started dabbling in forex. He's very competent and has an incredible pedigree. I watch his things with a notebook on hand. I believe we're at a precipice and setting the right foundations for the next 2-3 years is extremely crucial. From the sound of it you're in a good place. I pray for wisdom and most importantly patience for us all ;)
I appreciate your work. I look at them all and I appreciate you!