Member Info for Phoebus

The iron must be epic then if this 6300 ripper is the sideshow.
https://www.alienmetals.uk/wp-content/uploads/191217_figure1.png

We had some significant weakness across the main markets globally Wed-Fri last week, but there appears to be a strong rebound so far today.

Relax. This is how it works. Big rise then pullback to bore and irritate people out of their firm holding. When you blink you miss it.

The smart ones bought UFO and HOC last Thursday. :D

Waft BTC ever closer to ATH while singing ARB watchers a nice lullaby and then BOOM, you missed it.

Quality post there Hopscotch. Cheers.

With a name like that I'm not surprised. ;)

When BTC starts to move you will often get a drop in some altcoins because people move funds from the altcoins to buy BTC. Altcoins are generally only listed on exchanges as altcoin/BTC pairs so with just one trade an altcoin holder can go long BTC. Buying BTC using fiat takes a bit more effort so when BTC start to rocket you often hear a sucking sound across the altcoin complex.

Real Tino?
https://breweriana.com/img/product/large/_Castlemaine__XX_548f9ad80ce6c.jpg

Don't forget drilling has started at our awesome more-iron-than-rock iron project in Pilbara near Rio Tino, whilst exploration at our super high grade EH silver mine in Pilbara is also starting shortly. UFO was due a huge move with or without a surge in silver. Talk about turbo charged. UFO XR3i.

Careful. You don't want to get banned from here or have UFO trading restricted do you? UFO will rocket regardless.

Silver went over $30 an hour ago for the first time in 8 years and BTC chart looks beautiful. Both have similar narratives in many ways. Great start to the week folks.

UFO and ARB. Groovy baby! :D:D:D:D:D

I hope the cry babies are still in their cots this morning so they miss out on the cheap shares as BTC pushes on.

Yep. Spread is well fake. Looks like a clear attempt to hoover up shares. BTC chart looks very bullish to me. Stock to flow model now over $30K for the first time ever.

Good start this morning with silver absolutely roofing it this and gold moving up too.

Wow.

7-8% of your portfolio!!!!!! I'd be VERY careful with that position Nemethv. Any more than a tiny position is extremely dangerous. Those 3x ETF are like juggling live handgrenades when the market is volotile. You could so easily go from highest ever value at close to zero on open or just wipe out completely in a few minutes. For leverage I'd use the miners, HOC and UFO. No gearing, no risk of wipe out. Your call.

and look at silver futures absolutely roofing it tonight even more than last week. If BTC follows silver then this could be a spectacular week for the crypto sector. Silver is getting very close to its 8 year high and there are major physical shortages too apparently. The LSE plays for silver are HOC and FRES for big cap producers and UFO for small cap explorer. GLA

Nemethv, I was pondering a small purchase of 3SIL the other day, but remembered that if it drops by one third during any market session or overnight it will be suspended and you will lose everything or nearly everything. If you don't think that can happen you should note it did happened with a few 3x oil ETFs last year during the major volatility. If silver really spikes up, it would be very easy for the bullion banks to drop it that far almost immediately and wipe you out and if the market was closed when it happend you'd be screwed. A margin requirement hike on COMEX might be all that's required. You could literally go from 10 bags to zero just like that. It would be much safer to just buy 3x the positions size unleveraged or only hold 3SIL very short term and not overnight.