As the price of gold and silver increases, guess what is going to happen with all the mining stocks when they post their profits with upcoming quarterly reports?

To the moon baby!

All of the mining companies are scurrying to get back into production. Many of them stopped mining when silver was $30/ounce, they couldn't make a profit. However, with silver at $112/ounce, they are going to be making a fortune.

I have a Fidelity account which has an individual account for purchasing stocks with after tax money. I also have a 401k account with my employer.

I created a brokerage link account with Fidelity, I rolled over a portion of my 401k into this brokerage account. There is no penalty, you are not withdrawing the money. This brokerage account acts as a self-directed IRA.

Go to the search bar in your Fidelity account, type in Brokerage link account, an option pops up to create one.

This will give you 2 more accounts: Brokerage account and a Brokerage ROTH account. The ROTH account is for investing after tax money, but I am already doing that in my individual account, so I don't use it.

I purchased 100 shares of Hycroft Mining (HYMC) in Oct for $7.40 each. Cost me $740, today the stock is worth $54.85. Total value is now $5485.

These stock prices range in price from 10 cents through $200. Pick your level of commitment. Many of them are increasing in value 15 - 50% per day.

Vanguard Mining (UUUFF) is currently 0.31 cents per share. It has increased in value by 52% in las two days. I bought it at 0.11 cents. I bought 4000 for $440 and it has increased in value by 22 cents for a profit of $880.

So, you see even penny stocks can make you big money. We know these stocks are going to skyrocket so the risk is minimized. Yes, there are days everything turns red but most days everything is green. On bad days I may lose few hundred dollars but most days I am making $800 - $1000 dollars. It is a long bet, and we have laws of probability in our favor. Most days when stocks are down, it is only by a few cents, losses are minimum.

I pulled $10k out of my 401k 3 months ago and it is above $28k today. I would pull out more but I put the rest in silver back in July, lol.

Here are some stocks to work with:

HYMC is my biggest winner so far

TMQ

USAS (VERY GOOD)

EQX

ASM

VCUFF

VZLA

HL

CDE

DSVSF

THM

MP (this is a rare earth company that is being funded by the dept of war)

DVS

PZG

NFGC

FFMGF

SCTSF

RVG

That is enough to get you started. I would feel guilty if I didn't share this with you. Use it, it is an easy process.

If you go to msn.com look for a box that says "WATCHLIST" Here you can create a watchlist of mining companies and trend the gainers. This will help you decide what is hot and where to invest your money. As you do reasearch you will have more article popping up in your feed with data on more mining stocks to look at. I have a list of 120 mining stocks in my watchlist that I track on a daily basis. I pick out the good ones and invest my money.

I am not a financial advisor blah blah blah!!!

If you have any questions I will try to answer them.

Good luck!