Coeur Mining sold its La Preciosa mine to Avino and received $20M cash and 14M in shares. They owned more than 10% of Avino. Instead of doubling that position (which would have been brilliant), they sold it all (which was incredibly stupid).
That deal was a game-changer for Avino. And it's just starting to pay off. We are still very early.
Ironically, I have Coeur as my #1 ranked silver miner. ๐
I swear if $MYNZ hits $30 and I didnโt max out,
Iโm going full Joker mode.
Trial active = zero excuse to fade this play ๐
$BEAM $ELF $TKO $EE $NONOF $QCOM
Monday morning, and some traders have already blown their accounts. What's the hurry?
The market isn't always clear, especially at the beginning of the week. It's essential to exercise patience and wait for high-probability trading opportunities.
Remember, it's not about trading the most; it's about trading smart. The traders who understand when to enter the market, based on careful analysis and planning, are the ones who typically achieve the most success and profits.
So, take a step back, assess the market, and wait for the right moment to strike. Your trading account will thank you
$NUAG $NEWP New Age Pacific Metals
Staged a false breakdown, and just broke the immediate downtrend yesterday.
It's 35% or so to the weekly cloud resistance and 123% to the monthly cloud.
This might be a good bargain bin candidate.
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S&P 500 Possible Support: AVWAP lines sit at 5717, 5663, 5515, and 5489. Hypothetically, if the market backtracks to those levels that would represent pullbacks of -6.98%, -7.83%, -10.24%, and -10.66% (normal corrective action). Will see how it unfolds. Making no assumptions.
#Silver 4hour -- Silver and gold both posted yet another green week, but this Friday close was brutal and lot of miners really ate turd. It certainly feels like the mining sector expects things to roll over. Next week will probably be very critical in that regard.
Until then, the 4hour cloud for silver hasn't yet been lost. I will have to leave it here as I take some time away. I wish you all well in the meantime.
Another day, another 5%+ gain for Burry's Alibaba
It's now up 66% YTD
According to Burry's most recent 13F filing, $BABA is Burry's largest holding
And he's been holding it since Q3 2023 ๐จ๐ณ