Loading ...Into 1930, after the initial crash in ’29, it took 6 months for the bounce in stocks to run its course as speculators likely tried to short the a potential top, as they are doing now.
I don’t see any reason why such timing can’t at least rhyme this time around (4,5,or 6 months or more?).
Wouldn’t it be convenient if the medical mafia rolled out another virus scare this fall just in time for the election.
Cheers
Just that the juniors have been rising faster than the big boys for quite some time now. It’s not an overbought oversold thing.
“Storm Water Runoff Tax” for property owners. Calculated by how much square footage is paved over, causing water runoff into storm drains and ultimately to (rivers and) the ocean. The cable company’s production arm had a big push to get school kids to produce ‘public service’ TV ads that are airing on cable channels now, attempting to justify why it is the right thing for ‘cleaning up the environment’. Property owners in urban Honolulu are going to see their property taxes balloon up to something huge in money… some talk of possibly doubling one’s present property taxes.
They want to encourage more ‘green space’ for drainage areas where water can soak into the ground and replenish the aquifer. But it is a massive bureaucratic money grab. The city & county is setting up a whole new bureaucratic department of “Storm Water Management”.
Thankfully I live in a different county that is mostly rural. No storm drains in my area, and I have no ‘paved areas’ on my property. My roof runoff returns to the ground.
Total cases: 643 (2 newly reported)
Hawai’i County: 79
Honolulu County: 416
Kaua’i County: 21
Maui County: 117†
Pending: 0
Residents diagnosed outside of Hawai‘i: 10
Required Hospitalization: 82‡
Hawaii deaths: 17
Released from Isolation: 578§
Cumulative totals as of 12:00pm, May 20, 2020
Two new cases, one in Honolulu, one here on the Big Island.
“The further a society drifts from the truth, the more it will hate those that speak it.”
George Orwell
Me too, I had a few that got so low, there no sense in selling. CDE and ASM because Silver got so low. Late 2015 was rock bottom on that leg down from 2012-13. The miners FLEW for 6 months, first 6 months of Jan 2016, many went $2 to $22,
but when Trump started campaigning, “don’t worry about the economy” “don’t worry about your guns”, the second half of 2016 was a disaster for Gold and Gun stocks. No sense reading charts. I learned that long ago. No way to “chart” or predict the news which moves the charts. We can somewhat though, predict the Fed and Gold. Silver I think is sympathetic with industrial metals.
So…Use caution with Silver Copper Platinum and Palladium and other Base industrial metals. We don’t know how good or bad the global economy will perform. I’m most confident with Gold. Global banks and currencies are skating on this ice.
Platinum Group Metals – I bought that one after reading a good article about how undervalued it was compared to gold as platinum came down below the price of gold and when the drought was over it should snap back to it’s usual place. It is down about 90 percent from when I bought it. I still think there is a resolution coming, but it is not coming quickly. So I hold. No point is selling a loser if it is close to worthless and there is still a chance for it right? As you can see, I am no day trader. Did the same thing almost 20 years ago as a newbie to the gold story when I lucked out with ECU Silver, bought at a nickel or 6 cents and it got as high as $ 2.40. Made a fortune on paper but didn’t sell any so lost the fortune on paper when it went back to where it came from, got bought by somebody I have forgotten and disappeared. I like what the Mogambu Guru always used to say, “wheee, this investing stuff is easy”. haha.
You bet. I think it’s a good time. After a long period of under performance the smaller miners – explorers with some reserves, have started to out perform there bigger brethren.
Wallbridge kicking ass today.
Other Platinum Group Metals stocks are Anglo American Platinum, ANGPY, Impala Platinum, IMPUY. There is also a physical ETF too, PALL, but they are best avoided. Just use it to see physical performance.
@Buygold 7:21, and @treefrog 10:33, Ok got them, thank you.
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Thank you for posting the informative piece about smaller cap miners. FWIW, I sold a few of my higher caps that I had small profits on ( emphasize “small”) and will roll that cash into some of the small cap miners. Just thinking more “bang for the buck.”
thanx for the heads up on avino!
Silvercorp amends Guyana merger terms with improved offer
Silvercorp Metals (TSX: SVM) and Guyana Goldfields (TSX: GUY) have agreed to amend the terms of their merger arrangement, which would see Silvercorp making a significantly higher offer than the previously announced C$105 million deal.
The parties came to a new agreement following receipt by Guyana Goldfields of an unsolicited all-cash proposal from a third party to acquire the company. Last week, Guyana Goldfields rejected an all-stock offer from Gran Colombia Gold (TSX: GCM) as it was keen on pursuing a merger with Silvercorp.
Under the new terms, Guyana Goldfields shareholders will now receive, for each share held, C$0.25 in cash and 0.1849 of a Silvercorp common share for total consideration of C$1.30 per share. The improved offer would value Guyana Goldfields at approximately C$227 million.
Third day in a row of USD weakness – go figure…
RSI on SLV is over 78. I keep waiting for the smash.
got 
