Sean K Trading

[Sean K]

While there might be some more to be squeezed out of this, I should use my brain and take some profits. But, breaking ATHs makes me think just technically there's no ceiling. So, I'm vexed. I'll probably hold it and then it's crash.

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I squeezed a little more and sold half of this at .915 for about a 70% gain. Will probably run to 2 bucks now.

 

[Sean K]

Bought a few more IOZ for the longer term income plan. Not sure why when I'm getting a defined benefit pension from the Army. Might as well just throw it at the RIH dart board really. I need to come up with a better justification or longer term plan for holding this.

Sold half SVM this week as it's gone on a bit of a run for no real reason and I thought a 70% gain was enough. So, almost free carried which is nice. Makes up for most of the crap in red on this list, and a bit more, because I was overweight in this. Apparently you're supposed to let the winners run and sell the losers, but I obviously have no idea.

I also bought a new coin from the mint this week for the collection. I bought a swan this time for some reason. Going to collect different animals from now on. A koala next, then maybe an emu. Should have just bought a pile of animals two years ago as they're getting expensive. But, if ducati is correct, they might be worth 20K a piece soon.

I haven't got physical PMs on the ledger here, but they're about 15% of holdings I guess. I'll add them up this week and add in the future. It's a combo of silver, platinum and gold so hard to keep track of. Maybe I should be just buying more PMGOLD, but I like the coins.

 

[Garpal Gumnut]

@Sean K I hold SVL in such low regard I wouldn’t even bother to offer to buy it off you. Always been a disappointment for me. Maybe it will prove me wrong. Hopefully for your sake it does.



gg

 

[Sean K]

@Sean K I hold SVL in such low regard I wouldn’t even bother to offer to buy it off you. Always been a disappointment for me. Maybe it will prove me wrong. Hopefully for your sake it does.

View attachment 194447

gg

My plan was to sell it at 14c, and then it went to 14c while I wasn't watching, and I missed my chance to cash in. So, change of plans, hold until I lose all my money. Should have just gone 13 black.

 

[Sean K]

Sold SSR at about 16 bucks for a 40% loss. Didn't really have much in it, mainly because it crashed after the Turkey mine implosion. Could have actually made some money if I had more courage and assessed that they'd escape litigation and they were oversold on fear. It went as low as 6 bucks at one point. Only selling now because I have to due to the delisting from the ASX. What a horrible adventure this has been.

 

[Sean K]

Reflecting on SSR, I don't think I should have done anything else in retrospect. It would have been a high gamble to buy more after the Coplar mine disaster as there was real risk they could have been taken to the cleaners through litigation. So, was probably lucky to escape where I did. I would have kept holding if it wasn't going to be delisted shortly.

Having sold around half of SVM I'm almost free carried on it. One of the better plucks over the past couple of years. Will now hold until RIO take it over. I'm actually surprised it's gone so well because graphite is in the toilet. Even though it's just a byproduct of the rutile, it's been sold as a major part of the project value.

Half disappointed in having sold WAF a little while ago to watch it break out after the production and earnings results. What a champion that has been. But, like PDI, I just didn't want to have so much in Coup Central at the moment. If I was younger, I'd be taking more risk with WAf goldies.

My Golden Swan arrived this week to add to the kangaroo collection.

 

[Sean K]

Added some more IOZ this am.

Been holding a lot of cash for about 12 months waiting for a decent correction / crash.

After a couple of sells last week, still around 70% cash.

 

[Sean K]

Should have backed up the train on PMs the last week or so, but I felt like I was going FOMO. They've just done so well, I don't like chasing, but the trend is supposed to be your friend. Maybe I'm a little more contrarian these days.

 

[Garpal Gumnut]

Thanks @Sean K . Your trading account is always interesting and gives me pause for thought. I’m in agreement with all your comments but if you don’t mind I’ll add a few of my own.

The URNM holding is disappointing. I was watching ausbiz ( for the first time ) yesterday and they were discussing Boss. The consensus was that U is the future but it is a crackhead’s paradise like the US atm. I guess you’re down on it and unless it completely goes to putty you won’t need to make a decision until June 30th. It also may surprise.

Totally in agreement on PMGOLD and others. Best to look at adding on a pullback. I’m fully invested there so don’t have to make that decision.

The rest I’m very much less than expert on, not that I’m one on the above. All the best.

gg

 

[Sean K]

Thanks @Sean K . Your trading account is always interesting and gives me pause for thought. I’m in agreement with all your comments but if you don’t mind I’ll add a few of my own.

The URNM holding is disappointing. I was watching ausbiz ( for the first time ) yesterday and they were discussing Boss. The consensus was that U is the future but it is a crackhead’s paradise like the US atm. I guess you’re down on it and unless it completely goes to putty you won’t need to make a decision until June 30th. It also may surprise.

Totally in agreement on PMGOLD and others. Best to look at adding on a pullback. I’m fully invested there so don’t have to make that decision.

The rest I’m very much less than expert on, not that I’m one on the above. All the best.

gg

Agree on URNM. I'm disappointed with the current return but not too worried as I transferred about half my winnings from BOE, LOT and DYL into it and I made about 60-80% on those, so still well ahead on that play. Maybe I should have just moved on from the U story completely but I thought there was a little more to go longer term. I think the reason for the fall is that it's taking longer than expected to restart some plants and new plants are very slow in getting up. Along with data centres potentially taking less energy it all seems to have stalled.

 

[TimeISmoney]

Agree on URNM. I'm disappointed with the current return but not too worried as I transferred about half my winnings from BOE, LOT and DYL into it and I made about 60-80% on those, so still well ahead on that play. Maybe I should have just moved on from the U story completely but I thought there was a little more to go longer term. I think the reason for the fall is that it's taking longer than expected to restart some plants and new plants are very slow in getting up. Along with data centres potentially taking less energy it all seems to have stalled.

Energy minerals seem to tank when the shortage gets plugged like lithium.
Surely if the US goes into manufacturing, they'll be looking for more.

 

[Sean K]

Added a few more WIRE @ $13.35 ish, ave price now $12.93. Maybe should have done that a few weeks ago. Copper is eventually going to go up much more IMO, but in the meantime copper stocks are going to be affected by the market. I'm betting that there'll be a perfect storm in the next couple of years when the much telegraphed supply / demand crunch occurs (2027?) and the general market will be going up and out of a recession/crash. The US just needs to inflate itself out of its debt.

 

[Sean K]

Only added to the copper pot this week. Was good timing, but maybe timing isn't that important with copper. As the say, it's generally time in, not timing.

I've worked out my physical PMs and they're only about 10% of holdings which is a surprise, I thought they were more. Maybe I've lost some coins down the back of the couch. Don't tell my cleaning lady.

 

[Garpal Gumnut]

I believe a dip in Gold will come @Sean K . I had a post prepared for the "Gold Heading" thread but they are talking pure shite over there recently so I'll post my thoughts here. And it will be a good chance should it happen for you to add more PMGOLD imo. I'll get it from my Notes.


I believe it is important to look at the worst case scenario when you hold large any asset in good profit and in my case Gold is that, even bigger than NVDA back in 2023 when I was fortunate enough to start investing in semis on the NASDAQ. So, I guess a retracement would be that, would be a bad scenario for me. I took profits when the November Trump effect hit and everyone thought BTC was headed for $200,000 and replace Gold as a store of value backed by the US Treasury. So I have since re-entered in Dec/Jan and it won't take as much for me to start squealing if Gold falls back.

I did a fair bit of TA on it using PMGOLD on Commsec charts which follows Spot Gold as good as you'll get without spending money on sophisticated software. I wasn't going to post the PMGOLD charts as they are only understandable to me, full of lines and SMA's (simple moving averages), but instead here is the kitco.com chart for the past year from tradingview. As usual with charts the further you stand back the more obvious it seems. So here is the $USD chart for the last 12 mo.



It should be obvious that Spot Gold is in a channel , at the top, with the lower line going from July 2024 up through and touching the Trump pullback There is a parallel line going from the October high to now. It is more obvious on the PMGOLD chart. The support line also hugs the 50d SMA line. My projection is that Gold will fall to $USD 2800 or $2600 on a worst case scenario. I may add at both points should it occur. Oh bugger it, I'll put in the PMGOLD chart less many lines. The RSI which is diverging from price shows v.much oversold and may turn down further with the price. So I'm not buying Gold atm, PMGOLD is $48 and I'm looking to add at $40. Then we'll see a proper W3 hopefully.

Accuse me of line fitting all you like. I'm happy.



gg

 

[Sean K]

Bought back a few SVM @ 84c after the sell-off on the CR.

 

[Sean K]

Added some more ETPMAG and PMGOLD. Was waiting for a dip, but they're running away. Gone FOMO when I said I wouldn't. Probably should never have taken profits in Nov last year on these and let them run. Emotions got the better of me at the time. Still slightly cautious as they've had a great run since breakouts.

 

[finicky]

Ahem ..
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting." Jesse Livermore

 

[dyna]

It never was my thinking that made the big money for me. It always was my sitting." Jesse Livermore

Yep , I 'll second that . Timing the market is a mug's game . Still , I do just that . I think it's for the stimulation now , I certainly don't need any more money to enjoy my life .
The investment side , I'll leave alone because I'd get thoroughly whacked with CG tax if I tried to be a smart ass .
Another valuable thing I 've learned : " When in doubt , do nothing " Keep a pile of cash handy at all times , too . That helps .

 

[finicky]

Keep a pile of cash handy at all times , too .

The only good thing about a crash is having lotza cash.

 

[Captain_Chaza]

"The Trend is Your Friend Until She Is Not!"