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<p>[QUOTE="Rono, post: 2024677, member: 6492"]Howdy good people,</p><p><br /></p><p>Generally, you never want to try and catch a falling knife . . . hurts. However, with any actually upward turn you might be seeing a momentum change - and that's where the action is. The greatest leverage is still with silver mining stocks and in addition, that's where the metrics point (i.e. gold/silver ratio is way high at 73 pointing towards an overweight of silver to gold and the gold/XAU ratio is also huge high at 16.3 pointing towards overweighting the miners relative to bullion.)</p><p><br /></p><p>I've got a couple of momentum stock plays on in the junior miners - ASM & SVM. I've been scaling in so long as I'm making money but we'll see. I bought some on the 7th, 14th and 19th and the former is +21% and the latter +31%. If it turns, I'll sell and wait for another opportunity.</p><p><br /></p><p>As for bullion, for us that have been acquiring for years, this is a great buying opportunity for annual purchases and what not. For example, I always put away a tube of ASEs and collect the various present day silver 'crowns' such as pandas, 'tads, leafs, brits, etc. </p><p><br /></p><p>However, to put this in perspective, my first roll of silver eagles cost me $90 including A&H and my first roll of gold eagles was at a POG of $335. I'm fortunate that this gives me room to be glib about this being a buying opp.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 2024677, member: 6492"]Howdy good people, Generally, you never want to try and catch a falling knife . . . hurts. However, with any actually upward turn you might be seeing a momentum change - and that's where the action is. The greatest leverage is still with silver mining stocks and in addition, that's where the metrics point (i.e. gold/silver ratio is way high at 73 pointing towards an overweight of silver to gold and the gold/XAU ratio is also huge high at 16.3 pointing towards overweighting the miners relative to bullion.) I've got a couple of momentum stock plays on in the junior miners - ASM & SVM. I've been scaling in so long as I'm making money but we'll see. I bought some on the 7th, 14th and 19th and the former is +21% and the latter +31%. If it turns, I'll sell and wait for another opportunity. As for bullion, for us that have been acquiring for years, this is a great buying opportunity for annual purchases and what not. For example, I always put away a tube of ASEs and collect the various present day silver 'crowns' such as pandas, 'tads, leafs, brits, etc. However, to put this in perspective, my first roll of silver eagles cost me $90 including A&H and my first roll of gold eagles was at a POG of $335. I'm fortunate that this gives me room to be glib about this being a buying opp. and so it goes, peace, rono[/QUOTE]
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Never try to catch a falling knife...
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