TheApeOfGoldStreet
@TheApeOfGoldST
ยท
39m
#Silver
We don’t have to complicate it. We are looking for a bottom, and we are close.
Whatever happens short term, I believe any entries made here will age well. The lower you get from here, the more upside you get on the bounceback. That bounce will take us worst case to around $65+, best case $75+. It depends where we bottom.
I prefer to avoid “re-testing” $55, because if we do, I’m pretty sure we will break down and get a brutal flush to kill sentiment totally…
Bulls window of stepping in and print a higher low is getting tigher and tighter here. Doesnt look good for sure.
With that said, the winning entry window has started. Now its just a game of how close to the absolut bottom you get. As the closer you are, the more upside you get.
Im heavily invested from here. As I dont wanna gamble to much with the perfection entry right now. I do have around 10% in cash which I plan to keep for a “worst case scenario” flush under $55. Those will go to go extreme overweight in $SCZ.v – Santacruz Silver in that case. Aiming for the 20% size area.
From here on, the game left for me will be rotation between positions depending on opportunities offered.
If I see stocks like Southern Silver, Silver X, GR Silver, HYMC (high leverage performers) sell off to much meanwhile some other of my holdings hold up better, the game will simply be to rotate capital from one stock to another. As the bounceback will offer most upside in them intermediately.
Hang in there, this is the position window for “easy upside”. When people are depressed and wants to sell it all, and talk about $40 silver, then its time to get agressive. Human nature!