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SilverRocket

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How are your silver mining stocks doing now that silver is $32? :popcorn:
My biggest bet is in PSLV, which for those uninitiated is basically physical silver in a trust under Sprott management. Even with the hit today, I'm up 25% on just that. Fortuna I'm at almost 50% return since purchase and weirdly, First Majestic and First Mining are for whatever reason lagging and still in the toilet. They are the ones dragging down my returns. I hope they wake up, especially First Mining.

YTD, on my entire self invested portfolio, excluding what's in a company managed fund with my employer, I'm up 12%.

In reality, I see the typical silver price drop between now and end of month while the Comex settles contracts, and this is just my non professional personal opinion, but if silver holds the $30 level thru mid-June we should see a move upwards to at least mid 30's.

Otherwise, stock talk (definitely not investing, more like gambling) I recently caught wind of the FFIE meme stock at $0.52/share, bought 1000 shares and sold just under half at $1. I am now essentially playing with house money seeing if it does a GME style squeeze. Forget roulette at the casino or betting on horses at the track, if you want some fun, this is where I found mine. I wouldn't suggest it at this point but if anyone is interested, treat it like a lotto ticket, chance at a very high payout with likely 100% loss.
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VarmintCong

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My biggest bet is in PSLV, which for those uninitiated is basically physical silver in a trust under Sprott management. Even with the hit today, I'm up 25% on just that. Fortuna I'm at almost 50% return since purchase and weirdly, First Majestic and First Mining are for whatever reason lagging and still in the toilet. They are the ones dragging down my returns. I hope they wake up, especially First Mining.

YTD, on my entire self invested portfolio, excluding what's in a company managed fund with my employer, I'm up 12%.

In reality, I see the typical silver price drop between now and end of month while the Comex settles contracts, and this is just my non professional personal opinion, but if silver holds the $30 level thru mid-June we should see a move upwards to at least mid 30's.

Otherwise, stock talk (definitely not investing, more like gambling) I recently caught wind of the FFIE meme stock at $0.52/share, bought 1000 shares and sold just under half at $1. I am now essentially playing with house money seeing if it does a GME style squeeze. Forget roulette at the casino or betting on horses at the track, if you want some fun, this is where I found mine. I wouldn't suggest it at this point but if anyone is interested, treat it like a lotto ticket, chance at a very high payout with likely 100% loss.
I'm not familiar with First Mining, but if it's the $0.10 gold stock FFMGF, I'd guess they are low on cash and need to finance. Those stocks are going down despite the gold rally because the banks and smart investors are shorting them, waiting to pick up a dirt cheap finance deal with a full warrant attached.

You have two options with stocks like that, bail at a really crappy price, or wait and hope they can wait on financing until the gold rally lifts all boats. I think we're close to the latter point, so I'm holding my crappy gold miners that haven't moved.

I mostly just buy silver juniors, not silver majors or producers. I do own a little Fortuna and a decent amount of SILJ, which despite the J in the name is mostly large producers.

Silver is under $30 but that's ok, you need a pullback in gold and silver to attract buyers and build momentum for the next move (to $34 silver and $2500 gold).
 

bvanlieu

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Can't go wrong with pork bellies or better yet frozen concentrated OJ, if you have an insider with the crop report.

Looking good, Billy Ray.
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