Anybody Buying Yet? Where’s the Bottom?

[antelopedundee]

Here we go again. Ride em cowboy.

 

[RG300]

I am not a big risk taker at my age, (65) but Is Anybody into Metals.....as in Physical, (not certificates)
Silver broke 50 & Gold broke 4000 the other day.......is it too late to get in??
A buddy thinks silver will hit 100 by the end of the year.
Any advice/comments appreciated, thank you.

 

[westbranch]

I am not a big risk taker at my age, (65) but Is Anybody into Metals.....as in Physical, (not certificates)
Silver broke 50 & Gold broke 4000 the other day.......is it too late to get in??
A buddy thinks silver will hit 100 by the end of the year.
Any advice/comments appreciated, thank you.

Like you said, age is a big factor on risk. It looks like gold is up 50% in the last year and silver is 76%. Gold has doubled in the last 5 years, so has the S&P 500. Looking for some fun? How much of the investment are you willing to lose? Have a plan in place and follow it.

Another way to get exposure to commodities is to own the mining companies. A few of the local miners are up 80%-200% in the last year. Hecla, Coeur Mining, ID Strategic Resources are a few that I follow. They are all at highs for the last 10+ years so I wouldn't feel good about jumping in without a specific plan. I have a friend that is always buying and selling HL, he had 3k shares and sold 2k of them at $8.50 for a nice gain. Riding it out on the other 1k shares.

I also do not own any of those mining companies directly. Currently have just one mining penny stock I am gambling on, bought 17,500 shares at an avg of $0.09 and currently at $0.35. My wishful thinking is that it will be $3+ a share late 2026/early 2027 for various reasons that all boil down to pure speculation. If I was smart would I sell most of it now?

 

[Nick87]

Idk about buying, but im thinking about selling my silver.

 

[antelopedundee]

I am not a big risk taker at my age, (65) but Is Anybody into Metals.....as in Physical, (not certificates)
Silver broke 50 & Gold broke 4000 the other day.......is it too late to get in??
A buddy thinks silver will hit 100 by the end of the year.
Any advice/comments appreciated, thank you.

If you buy gold get gold buffaloes or gold eagles as they don't fall under any sort of reporting. Neither do others depending upon volume and venue sold. Also eagles and buffs are easier to sell. Make sure that you have a plan for how to sell BEFORE you buy. If you want to try paper metals go with SLV or GLD.

 

[RG300]

I've heard that Money Metals is a good company to do business with..... supposedly they will also buy back your metals when you are ready to sell.....
thank you for your suggestions..

 

[jryoung]

My $4.00 DFLI order filled this afternoon. You DFLI investors are really #@)(*%* now!

Laughing at myself this morning, this has been the biggest dog (loss percentage) in my portfolio the past few years.......now it's got momentum again.....I might save my $550 investment LOL.

 

[SAJ-99]

Laughing at myself this morning, this has been the biggest dog (loss percentage) in my portfolio the past few years.......now it's got momentum again.....I might save my $550 investment LOL.

View attachment 389037

I stand by my statement from post #3456 in Feb 2023, when the stock was $13. DFLI is a complete POS.

Seems to be rising on a patent approval.
From the news release.
"The patent covers technology that enables multiple battery systems and connected devices to share key performance data over a wireless mesh network."

OK. Seems like a big SO WHAT? I suspect it improves their attractiveness as a buy-out?

 

[BigHornRam]

Laughing at myself this morning, this has been the biggest dog (loss percentage) in my portfolio the past few years.......now it's got momentum again.....I might save my $550 investment LOL.

View attachment 389037

I believe it has to get to $40 before I'm at break even. Crazier shit has happen in the market before. Never say never!

 

[jryoung]

I stand by my statement from post #3456 in Feb 2023, when the stock was $13. DFLI is a complete POS.

100%....now it's just a POS with a little bit of steam rising from it.

 

[Rainer]

I'm sitting on cash and waiting to see if this A.I bubble pops

 

[Treeshark]

I'm sitting on cash and waiting to see if this A.I bubble pops

There will be a significant downturn, there always is. The trick is identifying when the actual bottom is reached and things begin to go back up, which is very difficult in real time. In the meantime, you’re sacrificing gains.

 

[jryoung]

There will be a significant downturn, there always is. The trick is identifying when the actual bottom is reached and things begin to go back up, which is very difficult in real time. In the meantime, you’re sacrificing gains.

For storage, everything is sold out for the next year. My guess is that as soon as some earnings calls start mentioning controlling spend and others flatten/lower guidance it's gonna get pretty stormy.

 

[Laszlo Cravensworth]

For storage, everything is sold out for the next year. My guess is that as soon as some earnings calls start mentioning controlling spend and others flatten/lower guidance it's gonna get pretty stormy.


View attachment 389353

Why control spend when the deals are circular though!?

 

[jryoung]

Why control spend when the deals are circular though!?

Pyramid schemes always fail.

 

[SAJ-99]

As the saying goes, "Please Lord, give me one more bubble."

 

[jryoung]

Pick this one apart.

Iridium Communications (IRDM). It's well below it's 200 day, down 34% this year, but has a PE of 18, pays a solid 3% dividend. They have government contracts and just announced an additional partnership with Qualcomm. Forecasts are indicating earnings growth.

 

[SAJ-99]

Pick this one apart.

Iridium Communications (IRDM). It's well below it's 200 day, down 34% this year, but has a PE of 18, pays a solid 3% dividend. They have government contracts and just announced an additional partnership with Qualcomm. Forecasts are indicating earnings growth.

Bad news is earnings growth is single digits and analysts have turned negative on it over the last 6 months. The good news is the price direction seems to look like someone is accumulating shares into the earnings on 10/23.

 

[jryoung]

The good news is the price direction seems to look like someone is accumulating shares into the earnings on 10/23.

I wonder which politician is gonna get flagged by autopilot in the next reporting period.

 

[NDGuy]

There will be a significant downturn, there always is. The trick is identifying when the actual bottom is reached and things begin to go back up, which is very difficult in real time. In the meantime, you’re sacrificing gains.

Yep, I’ve been building cash since SPY broke $630 and it hasn’t gone below since… lol