Wealth Advisor, Gold and Silver collector, Buffalo Sabres, Edmonton Oilers, Buffalo Bills, NHL and NFL Fanatic with 2 amazing daughters that I cherish !
The sad truth about the Canadian Carbon tax... a crippled economy in exchange for saving the planet a whopping 37hrs worth of carbon emission from China. Was it worth it?
I just heard on the radio with @bradcsmith that all the C02 Canada has removed over the last 5 years, with taxes and whatnot, China produces in 32 hours. ๐จ๐ฆ๐จ๐ณ
Well done, Liberals. You're absolute morons.
@KbcSportsbook once again asked to take out some money $900 on a Sunday night and paid within 15 minutes. Amazing service, very quick payments and great site. Thanks @KbcSportsbook for everything.
The Boise, Idaho area was hit with one of the worst summer storms ever recorded yesterday evening. Some areas had more than 8 inches of hail in less than an hour.
MASSIVE NEWS: Sources are telling me #texashockey is trading Jason Robertson to the #Blackhawks in exchange for Oliver Moore, Sam Rinzel, and a 2027 first round pick.
Robertson will be signing an 8 year, $15 million AAV extension with the Hawks.
More to come
Sorry running late and no time for video. Will have later games out soon. Sorry for yesterday also! If picks werenโt free we would be refunding money! Just horrible. Still up for month but awful yesterday, sorry. Picks with * I like more and bet a little more
@kevin_siracuse I agree with you 100%. Wonโt be happy if we trade #4 unless for superstar. I donโt want Trochek. Other than that all the other ones you mention would be amazing for our 20th pick. Love the add of Zell from Anaheim. Wow.
There are 3 primary ways to play gold/silver miners:
1) Trade.
2) Buy and hold (until you reach your exit target).
3) A combination of those two.
Most people choose #3. I use #2 because I expect the US Government to default on its debt. I'm collecting as many shares as I can before that outcome. I currently have 168 stocks and 3.6M shares.
I use the Kenny Rogers approach: Don't count your money while you are sitting at the table. There will be plenty of time to do the counting when the dealing's done.
I plan to sell all of my shares when gold is between $7K and $8K. I might sell a few between $6.5K and $7K.
This strategy is risky and can lead to the steady evaporation of many stocks. For this reason, I have learned that I have to constantly buy the dip to protect my portfolio. I did that this week.
My method for protecting my portfolio is to add new stocks, sell dogs, and add shares in companies I like whose current valuation is below a threshold (the minimum dollar value for stocks that I favor).
I do not press my bets for stocks above my minimum dollar level. If a stock is above my minimum dollar value, then I let it ride. I do not skim profits, no matter how big it gets -- until it reaches my exit point.
I have exit points for each stock, but those can and likely will change as gold prices rise. The key is not to exit too early or too late. We need to find the sweet spot for each stock.
So, the key is being smart when you buy and when you sell. Plus, being right on your thesis: the US Government will default on its debt, and gold will soon begin to outperform the S&P 500. ๐