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$FSM is looking good.
Fortuna Silver Mine
$FSM - loaded up
$FSM - Silver
The 1-day chart looks like it was walked up on light volume to trap bag holders who bought at $15.70 this morning.
light volume.. bearish.
SPY is going red... this might be a rough day.
I think it might go back down to $14.00
$GRNQ - Bitcoin Fund
Metals are down because the Fed's mentioned they are not going to raise interest rates soon so people are refinancing their houses as well as inflationary pressures have somewhat subsided which was a driving force behind silver's up-trending movement. Electric vehicles still require silver as well as the long term inflation rate increasing over time. The ROX merger will benefit the company. We are seeing the bottom form right now with metals. Bullion dealers are projecting that silver could drop a little below $25.00 in the short term but has the potential to go up to $50.00 before December 2021 due to all of the economic pressures, Wall Street Silver, and the increasing awareness that precious metals have real value compared to fiat currency which is a depreciating asset as a result of inflation.
AABB - gold backed crypto
$AABB
$AABB $0.11
2021: Jan - March... Net Income: $26,402,000
https://www.fortunasilver.com/site/assets/files/5744/fortuna_q1_2021_fs_10may21.pdf
setting limit orders to $25 will cause brokers to be unable to lend shares to shorts because they do not want to assume the risk from the price being too close to the ask. If you set your limit to $100 then the broker will lend your shares to shorts to sell against you driving the price down. The only way to combat this is by setting a limit order close to the ask such as $25. Gradually move your limit order up as the price increases just far enough away that it does not get triggered but close enough so that brokers will not lend out your shares.
This stock trades between $0.75 and $5.00 every couple of years... expecting a big sell off soon with lack of FDA approved products.
$FSM
$FSM - Silver
If your limit order is too high then brokers will lend your shares to bears to short. This is why we keep seeing short ladder attacks. We can prevent this by setting limit orders to $10 above the asking price and gradually move it up as the price increases to deter any further naked shorting.