lori hockParticipantSeptember 30, 2020 at 2:32 PMPost count: 18
Is it too late to buy SLV or PPLT?Sean HymanKeymasterSeptember 30, 2020 at 2:46 PMPost count: 3782
I’d say if you got into SLV, it would need to be on a drop below $20 per share, closer to that red resistance zone that turns into future support and closer to that 200-day moving average. It may or may not get down there, but if it does, that’s a better place to attempt to enter. What you don’t want to do is initially buy too high.
I don’t think I’d try to enter PPLT up here. It would need to take a huge hit, price was, in order for that to be a potential entry.Trip HealeyParticipantOctober 2, 2020 at 10:33 AMPost count: 5
I’m up 56% in SLV. Thoughts?Sean HymanModeratorOctober 2, 2020 at 10:48 AMPost count: 2839
If you haven’t sold half of your shares, you might consider it. But I’d keep the other half, as silver’s new uptrend likely has further to go and it’s one of only a few defensive assets for the market downturn.
More details in last night’s weekly video.
Congrats on those huge floating gains.Sean HymanKeymasterOctober 6, 2020 at 4:35 PMPost count: 3782Sean HymanKeymasterOctober 9, 2020 at 12:32 PMPost count: 3782
It won’t be long before we see which way SLV goes. No doubt, it’s in an amazing long-term uptrend. And depending on how it deals with this corrective line should tell us whether we’re in the next major up-leg or if we’ve got one more push lower first, to go, before the next up-leg.Dan RParticipantOctober 9, 2020 at 2:52 PMPost count: 58
With my remaining shares costing only $11 average, I’m good. 🙂
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