Stock market.... What are you doing?

[CHCRandy]

Yeah.....I am hearing rumblings about reddit hammering SLV and had a pretty reliable friend tell me today that seeing silver at $1000 is not unrealistic, he may have got that from the post you just linked. I find that extremely hard to believe. But what do I know. I never thought GME would go to 500 either, lol.

This same guy told me ADXS is catching steam on reddit or WSB or twitter. I don't follow that stuff, but I guess they found out someone who is short 11% of float is one of the hedge funds they want to target. That might explain why ADXS had volume spike and 800K share buy Friday at close. Short covering or a big spender frontloading the run. I would give anything to see it run like AMC or GME. ADXS is a turd and I can't wait to get out of it......but you know, anything can happen. I DO NOT RECOMMEND ANYONE BUY IT.

 

[CHCRandy]

Guys, Silver is gonna be out of control this week. You have any idea where a person can buy physical silver today? It is sold out on every website....and Kitco site is down from overloaded traffic. How can we play Silver, other than SLV and etf's?

 

[hoosierdoc]

why would it bump other than reddit?

saw this In a discord server

This whole Game Stop thing..I get this email from this Max@Maxmarmer.com which I don't even know why but he goes on about the GME situation..it's a long email but towards the bottom he puts this: If you’re a more experienced trader — the Reddit / WSB community is organizing around generating another gamma squeeze by buying call options on SLV at the 35 Strike with April expiration. There’s also a great opportunity to generate a short squeeze in leading silver miner stock First Majestic (AG) due to their historically high 20+% short interest. I’ve owned a boatload of call options in First Majestic and many other silver mid majors for many months now. The silver mining trade has been our highest position since last summer, as the global macro set up is perfect. This Reddit / WSB movement is explosive gas on a fire that was lit long ago. "......I am not sure what to make of it but probably best to stay away from SLV and AG for now

 

[smokingman]

Guys, Silver is gonna be out of control this week. You have any idea where a person can buy physical silver today? It is sold out on every website....and Kitco site is down from overloaded traffic. How can we play Silver, other than SLV and etf's?

JM Bullion still has some available. I would steer clear of 1oz rounds as the current price is in the 90+dollar range. But they have Canadian 1.5oz for 52 dollars(debit/credit card).

I picked up a few.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

 

[CHCRandy]

JM Bullion still has some available. I would steer clear of 1oz rounds as the current price is in the 90+dollar range. But they have Canadian 1.5oz for 52 dollars(debit/credit card).

I picked up a few.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

out of stock now......

 

[smokingman]

why would it bump other than reddit?

saw this In a discord server

It is long overdue.

It is in almost every electronic device you buy.

It is used to make dvd and cd disks.

The seal on your milk jug still uses a silver biocide.

It covers high-speed bearings in almost all things like jet engines.

LED displays and LED lighting is impossible without silver.

All solar panels use it.

In 2019 over 150 million ounces were destroyed because it is used as a catalyst to make ethylene to convert oil into plastic(it has been used in plastic production since we learned to make PETP and PET-P).


It has a finite supply.

Anything that is valued in fiat currency should inflate in value, with the stated goal of the Federal reserve of 2% inflation a year.

Stocks and most everything you buy or use has. Why has silver not kept up?

 

[smokingman]

out of stock now......

I put in an order not an hour ago. Check the site for others in that 1.5oz collection.

 

[Route 45]

I put in an order not an hour ago. Check the site for others in that 1.5oz collection.

How did you order? I thought all of the banks collapsed last year.

 

[2ndamendlover1]

I've been investing into pvdg, grps, Gmgi, and dogecoin. Starting to now follow the wallsteetbets reddit group and they have some interesting plays coming up that look to be a gamechanger like the gme stock !.. tripled my investment in dogecoin Thursday night. Hoping to reload and do it again Monday thru wendsday

 

[CHCRandy]

https://www.kitco.com/news/2021-01-...o-stop-taking-orders-before-market-opens.html

 

[hoosierdoc]

don't be the last one to sell DOGE. you're literally buying bottle caps

 

[hoosierdoc]

I've heard that line about silver in everything for YEARS. also heard the suppliers only mine enough to meet demand, or prices drop. so I bet they can significantly up their production if the price is right, but I'll take some time.

 

[Route 45]

don't be the last one to sell DOGE. you're literally buying bottle caps

Wish I had bought several thousand Bitcoin bottle caps several years ago.

 

[hoosierdoc]

Wish I had bought several thousand Bitcoin bottle caps several years ago.

bitcoin was made for a purpose. doge was made for a meme

 

[CHCRandy]

And just as we thought....there goes Silver up 7% and almost 10% at the open a few minutes ago. $29 now.......if it squeezes over 20%, so say about $32-33......it could go crazy I think.

I honestly think this is all hype. You guys really think some web chat can move silver into a squeeze? I just don't see it happening. That would be terrible for every bank in the world.

 

[Libertarian01]

I just opened a TD Ameritrade account.

My hope is to start investing in companies that have a history of paying dividends. In this way starting small I'll build a portfolio that will grow in value when it is liquidated but more importantly provide me with an additional revenue stream that will hopefully grow larger.

Regards,

Doug

 

[hoosierdoc]

holy smokes guys. what a day. up 6% on the account today

IDEX and SENS were fantastic

 

[CHCRandy]

holy smokes guys. what a day. up 6% on the account today

IDEX and SENS were fantastic

Congrats buddy! I had a lame day, was down most of the day and ended up about 2-3%. TDAmeritrade screwed me this morning....I was up $2000 on ADXS and couldnt scalp it at open and took all day for TRVN and NRZ to make anything. Good Lord willing I will do better tomorrow.

 

[hoosierdoc]

TD did suck this morning. long delays for orders to get accepted and I got errors telling me I couldn't put an order in on a diff account

I made some more plays on small stocks. wish I'd stop doing that

ALYI paid off very well today.

 

[smokingman]

I was up 12.59% today.
PBI,SLVP,SLVO,and SLV

After hours was great until CME raised the silver margin by 18%. My after-hours went from +7.8% to currently +.19% Still almost 13% for the "day".

PBI earnings are on 2/2 and if I hit my target it will sell(up 40.4% in the last week).

I may ditch SLV, but will likely hold the other two long term.

SLVO has paid a nice divided for a long time.