Sean K
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So, over the next couple of days I'm going to review some of the microcaps in the PM space .....
I've noticed that the speculative end of the PM company list have hardly moved since gold and silver broke out and started to run. I have a feeling that the generalist market has just woken up and we might see juniors run on nothing more than fluff. I've seen it happen before, particularly in the 2005-8 period when penny stock iron ore companies went ballistic on a few posts by YT, who some of you may remember.
So, over the next couple of days I'm going to review some of the microcaps in the PM space and see what might be an opportunity to cash in on the insanity that occurs when a particular sector gets frothy.
Although the GDXJ is catching up to POG, the minnows are still languishing, and FOMO mania hasn't really happened yet, so the timing might be right.
This a bit uncanny. I have started doing the same. That is a very good point re < 1 billion shares @Country Lad .Interesting, I started looking at them this afternoon - it am starting with those under $50 mil MC and with relatively few shares on issue as a start. I am assuming that there is little point looking at the small caps with a billion shares as it will take something significant to result in meaningful share price rise.
Only one so far - OSM but it has already started to run with their recent announcement and looks like a breakout a couple of days ago. Will post it later.
It is indeed difficult to know what do do re Silver. All the experts insist demand is through the roof industrially and that supply, even if new very large mines were to open tomorrow, would take years to catch up.Random thought on my short term SVL trade
While I'm thinking that gold minnows are going to go bananas if the gold price moves a bit more, silver will as well, but it's under cover.
I think I've got enough ETPMAG and SVL but I don't know another way of playing silver unless I use my international account, which I rarely do. I don't follow US and Canadian listed stocks and I'm not using CFDs.
I think this break up could mean that the silver genie is out of the bottle.
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People are panicking. They're buying PMs hand over hoof. Looks like FOMO. It's almost frothy.
As always, calling something like this is fraught with danger, so, I'll probably have this bite me.
I've been calling for a consolidation for weeks, or months, for the PM trade to be a sustainable move without a subsequent crash. It's just not healthy. I backed up the train on PMs two years ago, so I could just exit now and be happy. But.
Minnows like SVL, with a strategic project in the wings that only needs a power plan annex that I could write, is ripe.
Do not underestimate what higher silver prices will do to the approval process of a power plan. Even Pilbo would approve it in her own electorate due to the taxes she will be able to use on her wardrobe. It might even get her into the Lodge after Albo moves to the coast in June 25.
I am reconsidering my proposed sell order at 14c on SVL depending on what happens with the market reaction to the silver break.
As always, calling an opportunity is going to mean this crashes to 8c on Monday and I will be broke.
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So, over the next couple of days I'm going to review some of the microcaps in the PM space and see what might be an opportunity to cash in on the insanity that occurs when a particular sector gets frothy.
But wait, there's more. Contenders are/were:Interesting, I started looking at them this afternoon - it am starting with those under $50 mil MC and with relatively few shares on issue as a start. I am assuming that there is little point looking at the small caps with a billion shares as it will take something significant to result in meaningful share price rise.
Only one so far - OSM but it has already started to run with their recent announcement and looks like a breakout a couple of days ago. Will post it later.
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