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Yeah, considering the fookery that can be done with silver spot, I wouldn't be selling. Just going to absorb the red and ignore it.
Herd mentality is weird though. My take is a lot of the damage is already priced in and most certainly over priced in, in reality democrats usually bring longer and more stable bull runs.
Silver moving similarly to how it did in March at the minute - traders selling precious metals to recover losses on the market, general sentiment is poor. Seeing how silver reacted in March I am shocked that people would be selling off again, especially in similar conditions (stimulus approaching). PM markets are very susceptible to manipulation, so perhaps its been dropped for the final load up this coming week before take off after US elections - if Biden gets in, prices will soar, if Trump gets in prices will likely soar, just not quite as high.
My only advice is don't panic sell - we've already seen how quickly the market recovered after March, don't solidify your losses.
https://www.youtube.com/watch?v=iJtUrDzZZlo
30 second quote 54:50 – 55:10
This is what Peter Hambro (ex Chairman of gold company POG that I used to invest in) said about this website at a Gold Seminar Q & A:
“There is a chat room call London South East which it has cleverly abbreviated as LSE to make everybody think it’s the London Stock Exchange, and that is something entirely used as far as I can make out by people wanting to do insider trading.”
Always DYOR. If you like the company, invest. If you don’t then invest in something else.
Don’t let anyone manipulate you.
In Naps famous words, “THEY WANT YOUR SHARES!”
It's interesting that StarBright has a post history of defending the MMs. Hmmmm
Indeed, going to have a general market sell off until Wednesday when the election result is known. The FTSE might even dip into the 4000's.
Guess what though, that is the 3rd November. What do we know about this stock? The assay results are in before that, no point doing a run to safety when this has a very high chance of reversal before then. Whatever the result of the election commodities become king, due to the sheer amount of liquidity pumped into the market by global governments.
Reminds me of the Corrona sell off, everything goes down and then the winners float to the surface.
The short term selling pressure here is obvious, despite all the "to the moon" posts and endless far-fetched discussion of huge buy orders in the background. It's not possible to tell whether this pressure is coming from the warrant holders, or simply from those who acquired shares at lower levels during the period in the summer when volume started to tick up. Some evidently view the recent spike as a decent level to exit, having multi-bagged. There's nothing wrong with this, although there isn't now enough volume for them to sell into and the price drops sharply when they try. So they are like the monkey holding a fistful of nuts in a bottle - they can get their hand out but only by dropping some of the nuts. It's not hard to spot the posters here who have positions to sell . They want you to buy THEIR shares at or around 2p so they can get as many nuts out as possible!
Underneath all of this is an interesting company with a portfolio of assets that will likely contain some winners, and a reinvigorated management team motivated to create value. This is probably a good time to invest in micro-cap resources companies, as the sector is likely to see tailwinds over the next year. Holding for longer term gains on news is therefore a valid strategy, although presently in conflict with those holding on to their nuts but eyeing the exit...
It’s all about the appetite you have around risk at the moment. I’ve bought more today cognisant of the fact it could go either way. However, I’m probably here for a longer term rather than a couple of weeks.
Every sector that I am following is RED, wider market forces at play - https://nearer.io/sectors
Max says its buy mode. Is that the same buy mode that you were encouraging people to take up when the price was over 3 pence?
Thank you for sharing Shouston.
I haven't been able to get quotes for over 1.5M this morning.
Therefore, if people were waiting for more shares to become available to buy, that time has now passed.
We are in BUY MODE!
How does it work with warrants are they classed as sold? Or bought or the difference between the two? Never quite understood how we can tell how many have been eaten
The balance of buys v sells has changed since this morning, where sells were higher than buys.
Lets see what the SP does in the next few hours, with buys now exceeding sells.
# Trades 189
Vol. Sold 6,324,507
Sold Value £101.19k
Vol. Bought 8,746,451
Bought Value £139.94k