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re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 1/29/21 at 9:01 am to
Posted by Odinson
Asgard
Member since Apr 2014
2760 posts
Posted on 1/29/21 at 9:01 am to
Picked up more MUX
Posted by tide06
Member since Oct 2011
11270 posts
Posted on 1/29/21 at 9:05 am to
AG up 12% overnight
Posted by CE Tiger
Metairie
Member since Jan 2008
41585 posts
Posted on 1/29/21 at 9:15 am to
AG play is gonna take awhile to wait for the GameStop proceeds to start trickling into the next thing.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30589 posts
Posted on 1/29/21 at 9:16 am to
yep. hope they move over next week but today is still a nice ride
Posted by rintintin
Life is Life
Member since Nov 2008
16201 posts
Posted on 1/29/21 at 9:19 am to
We looking good. If our resident expert is correct, there will be some choppiness along the way, but this is starting to make the rounds with some real silver players.

Posted by BobRoss
Member since Jun 2014
1694 posts
Posted on 1/29/21 at 9:27 am to
I closed out my position. I was up too much not to take profits. I will be monitoring today and will jump back in on the dip.
Posted by TDTOM
Member since Jan 2021
14935 posts
Posted on 1/29/21 at 9:29 am to
quote:

I closed out my position. I was up too much not to take profits. I will be monitoring today and will jump back in on the dip.


AG? Looking to start a position there.
Posted by cadillacattack
the ATL
Member since May 2020
4499 posts
Posted on 1/29/21 at 9:30 am to
NYMEX smackdown ....

Posted by rintintin
Life is Life
Member since Nov 2008
16201 posts
Posted on 1/29/21 at 9:31 am to
Damn you Bob, I thought we were diamond handing together?!?!






Kidding, nothing wrong with taking profits. The return on calls right now are absurd.
Posted by BobRoss
Member since Jun 2014
1694 posts
Posted on 1/29/21 at 9:34 am to
Yeah, $AG. I've traded options / futures for a long time off and on. I know how fast profit can turn into loss. I will be getting back into $AG though, probably longer term OTM options.
Posted by UnluckyTiger
Member since Sep 2003
35995 posts
Posted on 1/29/21 at 9:44 am to
Good I want to continue stacking. LINK and AG to the moon.
Posted by rintintin
Life is Life
Member since Nov 2008
16201 posts
Posted on 1/29/21 at 10:01 am to
You sticking with AG calls or going to look at SLV or /SI?
Posted by BobRoss
Member since Jun 2014
1694 posts
Posted on 1/29/21 at 10:07 am to
I don't know yet. I am always weary of opening a future position and just letting it ride. It looks like there's some support for /SI at 27. I might go long when it tests that line again.
Posted by cadillacattack
the ATL
Member since May 2020
4499 posts
Posted on 1/29/21 at 10:09 am to
quote:

Good I want to continue stacking. LINK and AG to the moon.


Same here for the stacking .... deliberate and steady. I was in AG for awhile, took profits and rolled into KGC.

IMO, KGC presents a likely takeover target by either Barrick or Newmont in the not too distant future ... when gold finishes bottoming.

Even if it doesn't get acquired, KGC will benefit from gold's subsequent runup to spot $2400-ish before this time next year. I suspect we're going to see a lot of consolidation in the miner complex beginning in 2021.

Tell me about LINK ... is that Interlink Electronics? Looks like they escaped from the range-bound channel they were in until October, and then exploded since then. Were you in before then? G/L

Posted by TDTOM
Member since Jan 2021
14935 posts
Posted on 1/29/21 at 10:09 am to
Why not AGQ? 3X long silver.
Posted by CE Tiger
Metairie
Member since Jan 2008
41585 posts
Posted on 1/29/21 at 10:12 am to
Look there’s two ways to play this. Play it like a traditional commodities investor and play the silver game oooooorrrrr you play what the Reddit guys are going to YOLO there GameStop profits into which is AG because it’s easy to buy and they have been told has a short squeeze of 30%
Posted by rintintin
Life is Life
Member since Nov 2008
16201 posts
Posted on 1/29/21 at 10:21 am to
Posted by BobRoss
Member since Jun 2014
1694 posts
Posted on 1/29/21 at 10:28 am to
I didn't realize /SI is $25 per .005 tick. You can make or lose money ALOT of money REAL fast.
Posted by Drunken Crawfish
Member since Apr 2017
3824 posts
Posted on 1/29/21 at 10:30 am to
quote:

oooooorrrrr you play what the Reddit guys are going to YOLO there GameStop profits into which is AG because it’s easy to buy and they have been told has a short squeeze of 30%


In.
Posted by cusoonkpd
Big Mamou
Member since Apr 2015
1588 posts
Posted on 1/29/21 at 10:38 am to
In for 100 shares AG (first majestic). Also added 20 more ounces physical silver. Have been stacking au and ag for many years. Time to make JPM pay .
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