BottomBounce
2 años hace
Excellon Resources Inc., a silver mining and exploration company, acquires, explores, develops, and exploits mineral properties in Mexico and Canada. The company primarily explores for silver, lead, zinc, and gold deposits. It holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 45,000 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City Project totaling an area of 164 square kilometers in Saxony, Germany. It also holds 100% interests in the Kilgore Project that covers an area of 6,788 located in Clark County, Southeastern Idaho; and the Oakley Project covering an area of 2,833 hectares in Oakley, Idaho. The company was incorporated in 1987 and is based in Toronto, Canada. $SILJ $EXN
tootalljones
3 años hace
dumped silj a day after buying it. ...for a small profit. My belief now is that gold is dead, so too silver. the FED will raise by another half point in june, and as many half points, or quarters thereafter as it possibly can, until something breaks. People will be delighted to get some yields, after almost nothing all these years. Fund managers are selling gold and silver funds and in silver, they are even getting short. I suppose this later bet is a belief that the entire market is now in a bear market. In the meantime, money continues to pour out of europe, and moving into the dollar which is in a bull market of sorts, another negative for equities. gold and silver and the miners are dead meat until july or august imho...https://www.kitco.com/news/2022-05-16/Gold-s-luster-continues-to-fade-as-hedge-funds-liquidate-bullish-bets-for-fourth-straight-week.html
tootalljones
3 años hace
MSN corporations and their crazy wackjob DIMs and their corporate media don't want you to see this, and btw, it is closer to 15%, a disaster for americans....so bet when you have inside info the wackjob cali left does not or refuses to credit....take these guineas monies, as mobsters say.
mainstream left media won't ever report this, the truth. https://thepalmierireport.com/inflation-rises-10-on-producer-price-index-highest-ever/
tootalljones
3 años hace
bought a real nice chunk today, and here is the bet: that the precious metals bull, after 12 years of bear market, has already broken out....So I am buying now the downside resistance....where we might sit for a day or two or three or less, and then the bull will move slowly higher.....
the fundamentals support this interpretation but we will see...should surely be this week ending higher, but maybe I am wrong, but doubt it.
the bear paradigm is being bet, that it is now slowly changing.
tootalljones
3 años hace
saved 150 G's by dumpin the last 2 hours yesterday....a lesson for sure.
we have broken below all major avererages and most basic support levels and wall street will have time to ponder this.....expect the Fed, Treasury and central governments to come in monday and blow tens of billions in major proxy ETFS to keep this pile of sheat up....that is what I expect...they can probably do it, but can theses phouckers keep it up for long? I am expecting a nasty disruptive sell down in all sectors into and through tax day which is april 15th...steady down down down, and the second half of april will mark the first major bear market rally opportunity, which will be tremendous...where you can double your dough, give or take. the central planners are now trying, on behalf of themselves, the gov employees, the corporate execs, to keep it up....these communitsts hate the free market, the Fixers..
tootalljones
3 años hace
I started dumping today in the afternoon. Had to do it and am glad i did.
My preferred scenario is the ones that took place in 2000 and 2008, the two prior bears, where even PM stocks got crushed, as they did also by the way, with the Covid mini bear market 2 years ago, where they were crushed in the same way....and silver in particular as a metal got hammered to hades.
When investors panic, as they should be doing now, they run to the dollar.
I might reposition here somewhat lower. The key is not to lose money. When I saw X get slammed mid day, it got me really worried. X is about to announce great earnings, so it is not "acting right" and generally is a rabbit or canary in the coal mine....Maybe this was just a half day panic but to me, this market is so far overvalued "it ain't funny."
tootalljones
3 años hace
silj will go up 10X the price of gold, and 4X the price of silver over the next couple years. In other words, it will blow both of them away in the early stages of this new gold and silver bull market.
This is the way it always works. The silver miners are the real rabbits, and they were like this in the bull of the first decade of this century, and of the bull in the late 1970s.
So if Gold goes up 25%, you are looking at a 250% return over the next coupld years, and so forth.
But then, as the bull matures in year 3 you are just better off going into silver the metal...it tends to outperform the miners in the back half of precious metals bull markets....as retail jumps in.
Anyway, this is the way to make 1000% to 1500% over the next 5 years on your money. NOT BAD.
tootalljones
3 años hace
First pitstop, or proving ground, is up there at 17.60 to 18 bucks range, and I expect SILJ to get there fairly soon, in the next 60 days or less...People are gonna see Silver, like they did Bitcoin, when it broke out of its ceiling at 13K, only to roll ot 20K in a matter of weeks, and then blow through that to where it went which was 66K.........
And here is the deal for SILJ in analgous terms:
We have just broken up from a final low of 3500 if we were bitcoin.
We should zoom now up to 17.75-18 bucks, which for Bitcoin was 20K, and then SilJ should then move up over a period of 8-9 months to about 45 or thereabouts....
This dog has been sitting on the back porch for many years, biding his time, but he can still hunt and is young as hell.
tootalljones
3 años hace
it is a religious experience. The Bull Market in silver kicked off earlier this week, on Monday....and it should rage for the next 5 years....it's not too late! Consider yourself at the beginning of THE BIG BANG, and our new Webb Space Station, purring along now incrediblly....going where no man has gone before..
or if you like another analogy, you were there when racquel welch or Brigette Bardot had her cherry popped.
Silver will go to triple digits and Silj will go up 8 fold easily.
For the first few years of this maiden voyage, SILJ will vastly outperform the metal along the lines of 2-1 handily, but then the metal in the next couple years will outperform the miners.
The Great Bardot, the most photographed woman of the 20th centruy, known for its beauties.