Remember when I said I would wait until the end of the day to buy?
I LIED.
I stepped in and bought EXK, not because it’s a good company or because people like it — but because silver, FUCKERS, is on the verge of breaking out.
We’ve got a BIG ASS CANDLE lit up on EXK today. I’m looking for a 10% move in fairly short order.
If you enjoy the content at iBankCoin, please follow us on Twitter
I really have no idea how to trade precious metals. It’s especially baffling when silver and gold go in different directions. Also, if PMs are a harbor in times of storms, why did gold plunge durign the second half of 2008 along with other commodities?
Nonetheless, SLV looks like it it ready to rocket – but it looked like that for most of October so who knows? Good luck.
I’m waiting to see how this market closes. The Bear in me see tech charts rolling over now, but the bulls could see it as consolidation.
AG is the way to play silver
Wait a minute that miner in the pic is holding a lump of anthracite. Is that a tell?
It definitely is. I’ve got silver. After the first of the year it should really get going.
Sorry bout TVIX. I bought it again today too and took it home. This mkt ain’t healthy