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I bought some mining stocks today.
Great time to buy!
Great time to buy a sluice box, I need to get out panning again.
I punched out at 95 after getting my face ripped off. Had a bunch in AGQ which is 2X return..and losses. If I stayed in I would have got other parts of my body along with it. Staying out of paper for while and buying some equipment for my business where I can 4X my money....and buy more real shiny. They just put the real metal on sale. My physical is at the bottom of a lake and not going anywhere.
From what if read is true COMEX is screwed in March and might have to settle via force majeure. They're going to drive the price down as much as they can.
It's a bloody mess, I transferd some money from my 401k,hopefully I have it on Monday. I will buy mining stocks.
I cashed out my IRA and put it all in physical as Covid hit. The penalty was worth it.
Interesting we just had a bounce at 2pm. I watched a video a few days ago that gave times on price "settlement" for the day. 2pm was one of them. Back to work...I have to quit looking at charts and graphs on days like this..lol!
COMEX Silver (SI) futures settle during the 13:24:00 to 13:25:00 ET window, using the VWAP of trades in that interval.
I was right. Those bastard dumped paper right before 2 so they could settle at the low. That explains the bounce.
can you explain the details of how to do this for the layman please?
Open a trade account like Fidelity or e- trade.
Type in AG for first majestic or HL for hecla or whatever mining company you like.
We've discussed miners several times this past week,click on my name and scroll back for more info.
Thank you. I will look into doing this.
Let me know if you have any trouble or questions. I'm not the biggest expert but I know the basics.
I will not give financial advice....