What Did You Buy Today?

[fenders53]

(03-30-2021, 02:51 PM)divmenow Wrote:

(03-30-2021, 02:47 PM)fenders53 Wrote:

(03-30-2021, 02:29 PM)divmenow Wrote: Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

Gold and silver should be OK here,  They haven't been following the rules though.  I've flipped 50 precious metal puts the past 9 months.  Sometimes I win and sometimes I roll it forward a few weeks.  I got the direction wrong half the time and option decay saved me.  I do have some long shares in NEM and GOLD.  They are making money hand over fist for some time now, getting closer to debt free and passing out dividends that exceed most DGI stocks.  If gold and silver prices drop 20% they are still making bank.  I'm not even trying to guess if gold spikes significantly because it probably won't soon.  But printing money and gold crashing just don't go together.  The major PM miners are cash cows for years IMO.

That's why I won KL. They are debt free cash cow and pay a nice dividend stock for a gold stock 

I already own FCX and GOLD. In at much lower levels. Wish I owned more shares. Bought a small position and it went up too fast and never could add lol

FCX has probably done at least a 2X since I entered and sold.  Commodities are tough.  I get a 50% gain and start looking for the exit.  That's not a good strategy but if the wind blows the other direction the metal is down for years. I try to make a buck but I'm not that good at commodities. I would never suggest anyone get in too deep until they get their nose bloodied as it can be brutal.  Metals may do fine but it is way late for guaranteed cash if you just wait six months.  Still, I like our chances.  It's not the same as before as the majors have dividend money to pass while the sun is shining.