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Added more as well. But we're at risk of closing below the 50MA. Moderate selling volume today so this isn't a low-volume selloff.
3058 hit. Straight up.
FED news = ATH? Buying corporate bonds now???
Aren't you missing the propaganda on Fox News?
I called in last week and it was a 1 hr 45 in wait. They said lots of new accounts. People at home with nothing better to do and think they can get in on the big drop.
Last few days L2 and quotes been all over the place with high volatility. Always seems "glitchy" when markets are in limbo to screw retail.
OT: *FACEPALM* put on your foil hat man...
OT: really? Got back to your Trump-loving bubble...
Jerry, please delete. Thanks.
Holding up really well given the market conditions. Added more today. Gonna probably add more next week as well.
However, after looking at the chart the BBs are getting close. Meaning a big move is coming, and with the 20MA being above us I'm a little concerned we're gonna fall.
Seems like 3000 gonna hold. Spy 200MA at 299.
SPY sitting on the 200MA. Probably no chance that breaks.
Added as well.
Flipped SPY June 19 208 put 6.04 to 7.46. Probably gonna go way lower.
Instead of filling the gap it just jumped over it LOL!
Yep. I took 2/3 of my puts off when it was around 248. Just nonstop buying. WF out with a 385 PT so I guess we'll be hitting that tomorrow LOL!
AAPL gonna be green today? Makes sense *ROLLS EYES*
AAPL barely down. Not even to the top BB yet. POS just won't fall.
Today I grabbed some TECS to go with my TZA position in my 401k to try to capture the downside since I can't buy options. Anyone think this can get off the ground? Seems like with all of techs sky high it might finally reverse. *SHRUG*
That would be ideal because I loaded AAPL July 17 350 puts today, 11.59, 11.90 and 10.97. Wanted to add more towards HOD but didn't want to use all my cash if it kept going up.
Exactly. How are posters calling out others for advice? I follow a lot of others around IHUB but at the end of the day it's my decision so if I lose money it's my fault.
Any thoughts on AAPL? 1.5T MC. Bot a couple July 17 350 puts. *GULP*
It was GOLD Dec $30 calls.
Yeah it wasn't much. 1.20 to 1.53.
Thanks. I bailed on my put a couple days ago. Missed out on today. I'm sure it'll tank and I'll puke LOL!
Sold yesterday. Probably should have held but trying to reduce the number of positions I have open.
Bot an AAPL July 17 $350 put at 11.59. See what happens.
Looks like at max production they'll be looking at around 6500-7000 oz of gold. At $1500/oz that's $10.5M, but I'm not sure what their AISC is, Compared to their $19M MC that's really good.
I added back some of my TZA July $20 calls when SPX was over 3220. Just couldn't seem to hold so we'll see what happens. Holding a Spy June 19 $325 call as a hedge.
I see. Obviously I'm showing my ignorance on the company and its process. Thanks for the information!
Added more here under .40.
I guess it's assumed the more ore you process the more you'll be producing, but that's assuming there's definitely PMs in the ore you're processing. I guess the drilling they do is targeted well enough to know that there will be PMs produced?
I added more on the news.
So processing, not necessarily production? Good news, regardless. Thanks!
Thanks! I sold all of my June 19 20 calls, last sell at 1.78, and still have a July 17 20 call. Feel like there's more to go, but market has been so strong to the upside I'm tying not to get ahead of myself like I've been for the last week or so.
I use ToS but don't know how to chart options. I basically follow the chart and sell at rez. Had been loading for days and finally got out this morning. Market feels weak, but like you said we won't know what it's gonna do until tomorrow afternoon. Just games until then.
Thanks. I still have a TZA call to hedge. See how the day ends.
Sold my TZA calls this morning and grabbed SPY 325 call. I'm sure now that I'm finally ready for higher highs things will fall apart. ;o)
LMAO, no. I want the market to move somewhat freely instead of being propped up for the election.
It's all about the election. T wants the markets up to say he "did a good job". LOL!
New GIL comments
My favorite junior silver mining stock at this time remains Canada Silver Cobalt Works (CCW/CCWOF), trading for .48 CDN/.36 USD. A big part of why this is, are the unbelievable GRADES that CCW is hitting in their new Castle East discovery area. We just recently saw them publish a maiden 43-101 resource that averaged 250 OUNCES per tonne silver!!!
I expect this resource to potentially expand 10 fold in terms of ounces rapidly, and current drilling should produce more stellar intercepts. Below are some highlights of this rapidly evolving high grade silver discovery story. I am adding shares under .55 CDN or up to .42 in CCWOF.
Does anyone out there know of a higher grade new silver discovery on the planet? If so, please do email me! If there is one, I am unaware of it.
June 8, 2020 CCW Update - Key Highlights
Drill Program in Progress
-Castle East Phase 2 drilling aims to build out the Robinson Zone high-grade SILVER discovery in the prolific past producing Gowganda Camp of Northern Ontario. Watch for exciting new developments and strong news flow throughout June and the balance of 2020.
-CCW’s Robinson Zone at Castle East has an Inferred maiden resource of 7.56 million ounces of SILVER @ a spectacular average grade of 8,582 g/t Ag or 250 oz/ton, in 2 zones of the Robinson Zone, making this one of the highest-grade early stage SILVER deposits anywhere in the world.
Large Scale Potential
-Castle East is a vastly under-explored part of the Gowganda Camp where very limited surface outcrop deterred historical work. The relatively untested volume of diabase is estimated to range between 970 million and 1.45 billion cubic meters, far exceeding the estimated total diabase volume of the Castle mine (10 million historical ounces produced).
-Castle East is in well-established Northern Ontario mining camp with no First Nations or environmental roadblocks. Three significant past SILVER producers (~70 million ounces) are located within 2 km to the west. Strong GOLD potential in parts of Castle East and elsewhere on property.
Multiple 2020 Catalysts
• Castle East and Castle North discovery potential - SILVER, Cobalt, GOLD and base metals
• Underground drilling and development at Castle mine
• Vertically integrated with acquisition of TTL facility (formerly PolyMet ) in the town of Cobalt
• Re-2OX (proprietary and environmentally friendly process for metal recovery)
• High-grade SILVER extraction targeted at Castle and Beaver tailings
Chart Strength
• One of few Venture stocks to post annual share price gains for 3 consecutive years
• Imminent “Golden Cross” as rising 50-day SMA pushes above rising 200-day SMA
3250 on the way? Just up up up