antelopedundee
Well-known member
Here we go again. Ride em cowboy.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
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.
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
Well-known member
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
Well-known member
Idk about buying, but im thinking about selling my silver.
antelopedundee
Well-known member
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.
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jryoung
Well-known member
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
Well-known member
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
Well-known member
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
Well-known member
100%....now it's just a POS with a little bit of steam rising from it.
Rainer
Well-known member
- Joined
- Feb 4, 2016
- Messages
- 782
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
Well-known member
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
Well-known member
jryoung
Well-known member
Why control spend when the deals are circular though!?
Pyramid schemes always fail.
SAJ-99
Well-known member
As the saying goes, "Please Lord, give me one more bubble."
jryoung
Well-known member
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.
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
Well-known member
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
Well-known member
I wonder which politician is gonna get flagged by autopilot in the next reporting period.
NDGuy
Well-known member
- Joined
- Apr 26, 2018
- Messages
- 2,304
Yep, I’ve been building cash since SPY broke $630 and it hasn’t gone below since… lol
