NYSE:FSM   Fortuna Silver Mines Inc
2
Recently I published recommendations that were way too early (wrong as trades, but I believe will be profitable in the longer term). Today, I recommend the following actions. Because the FED is way behind the curve, and everyone "knows" they are going to raise rates 25 basis points, what happens if they do the "unthinkable" but more appropriate increase of 50 basis points? Stocks would crater in an overdue correction. They will probably correct anyway with a 25 basis point increase, but not to the same extent. My recent mistake in looking for a selloff was that when markets are up for the year with only a month or less to go till year end, without a major negative catalyst, no one is going to sell until the new year, to defer paying taxes on their gains for an additional year. Protect your gains by selling short against the box, using puts and small speculative positions in UVXY. Even if the FED does as expected, and even if the market holds up till year end, a January selloff will occur if we don't start one tomorrow after the FED decision. Also, I was early in recommending the silver stocks but did say they are a long term investment. Buy CEF, FSM,HL,CDE & SLW. The dollar rally is over. FXC continues as a long term buy.
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