123Tom's TA study group

[123tom]

You've all seen Hyper Bubble pumped Miners right??

Is this one?

I think it could be.

not saying it has to happen, but how many times have we seen this? I owned 20 junior miners in 2011 and 90% of them did this and collapsed down 90 % over the next 5 years.

Granted that was the cycle from 5 and 10 years ago, and maybe the tide has turned upward for the metals in 2020 now...and miners should follow upward.... but if you dont understand that trading miners is a wicked manipulated and pumped up game you shouldnt trade miners at all.

In the whole universe of miners, You can find many dozens that soared in hyper bubbles like this AND then collapsed all the way down again... Find me a half dozen that stayed strong in the higher zones. Off the top of my head I can only think of a very few. Franco Nevada and MAG silver. Even the major miners have collapsed at some point. look at Goldcorp. Eldorado gold. etc etc... Its a very troublesome game to play.
Just one year ago, lucky folks bought Sibanye at the 2 dollar bottom. If they managed to stay in all this time they have a 5 1/2 bagger to take a great profit.

As our friend Citrati says,trade the charts

How greedy should one be.

and yes, I know SBGL is also a major Platinum producer. it shouldnt matter, a hyper bubble is gonna pop at some point.

Heres the darling First Majestic silver since the 2008 crash

Do you love roller coaster rides?
Is this what "investing " in miners is all about ?