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Help me decide...Silver (SLV)
- Thread starter Cabin1111
- Start date
would you sell at $40? if the answer is yes then go for it.
The problem with metal rallies is they often end in the early morning hours almost randomly. Gold can drop $100-$200 in an hour etc etc. The stocks however are in theory still cheap IF the metal prices hold here. It's a game of chicken at this point capture as much up side as possible while being wary of a sudden end of the trend. My gut says Silver could go up to $50 area briefly. Or it could be over Monday. Hard to say there is a lot of manipulation in these metal prices which is occasionally overwhelmed by large macro moves they can't do anything about.
I like buying pull backs in TSX metal stocks on days the metal prices look flat to up. The stocks are better plays then the metals themselves.
I still haven't done the option...I'll be looking at the $45.'s now.
28.79 +1.73 (+6.39%)
Volume 51,656,543
Avg. Volume 28,468,275
At this point pure gambling; Silver could revisit $50 area within weeks (or just correct back Monday ). The last time we saw this move it stalled out at $30 area so we are higher now.
Note how far and fast it dropped though from that last rally.
So I have 100 shares just sitting in my Roth IRA. No income...But good inflation protection. The current price is $27.17.
I could option the Jan 25 $40. and get $68.-$69. for the option (covered call).
Should I go with the diddly/squat income or let it ride...??
PS I do own some gold and silver coins...
WAAYYY too much thinking, tinkering, and risking for diddlysquat with what should be a core long-term holding.
Dump the ROTH and add to the physical stash. If you must, look at it quarterly, with an eye on 3, 5, and 7 years as targets.
I seem to be in good company...
sell it and instead buy some additional silver coins
Am long term Long Silver, price making triple top but am expecting it to blow through it. On monthlies.
Silver looking good today but the TSX was closed. Related stocks curiously only up 1-3% on the NYSE including almost nothing for MAG Silver and First Majestic. So I have some decisions to make in the morning some of the stocks are rallying far harder then others. Laggards like Equinox and B2Gold could play catch up here. Recent high fliers like Endeavour and Fortuna could still spike higher. Silvercorp reports Thursday seems to be rallying now after selling off not long ago. The hardest part of this trade short term has been which stocks to play and avoiding pull backs which can take time to recover and smash 52 week highs.
Nat Gas also rallying now may be seasonal not sure if it will last given inventories. This will be a great trade in 2025 in Canada as we will have better access to Asian markets set up. The TSX Nat Gas companies seem to be profitable at even cheap Nat Gas prices. For now. might be some easy day trades in stocks like Crew Energy.
Nat Gas also rallying now may be seasonal not sure if it will last given inventories. This will be a great trade in 2025 in Canada as we will have better access to Asian markets set up. The TSX Nat Gas companies seem to be profitable at even cheap Nat Gas prices. For now. might be some easy day trades in stocks like Crew Energy.