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Thoughts on IVR? Why do you prefer TMZ as your solo Silver play?

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bullbandit

447 Posts.

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20/05/21

10:48

Post #: 53298495
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Originally posted by Silver King: ↑

No attempt to persuade anybody to not sell, in fact, I think you should sell if you feel uncomfortable with your positions. But we are only at the very beginning of a PM's bull market. And my research covering technicals, fundamentals, momentum, sentiment etc., told me TMZ was THE best to be in of 20+ silver and silver related stocks on ASX.

Not as luck as you who entered at such a low price. But I am happy with my current positions and will continue to add when I see fit.

Here's a lesson I learned from my own mistakes with silver during the 2011 moonshot. Somewhere around 25-30/oz, we were quite overbought and extended, more than we had been in a very long time. I expected a pullback, likely to retest the 21 area high from before the 2008 liquidity panic/margin call crash that sent everything down. It never happened. I took some profits on some silver miners that went up significantly, very quickly, expecting to buy them back during a good pullback that never came. ....

Well, as I am writing, gold has completed backtesting. Looks ready for another move higher.

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Thoughts on IVR? Why do you prefer TMZ as your solo Silver play?

TMZ Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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