IRONIC - The Whining, Handwringing, BS
Given the amount of black swan feces in the air, I reviewed December 2015's Issues of Peak Picks to get some perspective on where we were at that time, relative to now.
So item by item we have Nova Gold (picked a cousin as a reco this week), having ramped from U$D 3.50 to $ 7.00 (Twice), so there were good times to exit in profit.
MUX everyone's fav was in the 90 Cent area all Dec 2015 when we RECCO'd it, and while it did not make U$D 5.00, it did spend fair amount of time above $4.00, good profits for those who acted upon the RECCO's in a timely manner. In this case, my SELL SIGNAL (across the board on PM stocks) of July 7 2016, was at about
$4.40 MUX, a reasonable profit since Dec 2015.
RICHMONT, RIC another favorite was busy getting the snot beat out of it, down in the low U$D 3.00's when we RECCO'd it Dec 11. True to form for a stock everyone loved, it ran to the 11's twice before dropping back. The best I could do was call for an exit Jul 7, in the high 9's, so that particular call left about $1.00 on the table. Not perfect !
WELLGREEN PLATINUM, WG.To, developing an open pit PMG group in Northern Yukon was a bit of stretch at C$ 0.21, but it ran into the 60's over the year, only giving ground down to the 50's so far this year. By far a call I really enjoyed making.
Using RYDEX Precious Metals Funds as a measure we found it was #30 on Dec 11, and 150 on Aug 17, a 5 bagger as to RYDEX assets invested in Precious Metals, and now it sits at 75, having given up half of the gain from last year. Again, prudent exits, made a lot of money. Yes, feasible Exit Tactics Exist.
Where does that leave off? Well, we are either up by 100% or down by 50%(half) depending on when and where we got in and/or out. By my recollection, things have again degraded by bushels of swan feces, perhaps up to our ankles, so I expect further advances in the amount of value both given by, and put into, SILVER, GOLD, MINERS and Precious Metals stocks. Given that, I have done my best to FIND A WAY.
So depending on how you reconoiter this landscape, you either step up or step back.
Is there a way to take advantage of both moves without exluding one ?
THERE are Two ways. One is about GOING IN; the other about GETTING OUT.
WHY isn't it being done ? Because if it goes public everyone will do it ? NO, it requires ATTENTION and NERVE. That alone will weed out 90% of the "wannaberich"s.
Half those remaining will be disqualified by the lack of patience, discipline and savvy.
THREE WAYS right here you can do it:
PEAK PICKS Weekly $money back if your not satisifed.
PEAK PICKS Monthly Review $money back if your not satisified. (Review rec's all sell alerts).
DGS Updates & Alerts Group (free) - sign up on site.(alerts issue once paid subscribers are notified).
What are the drawbacks of this arrangement ?
1/ You must pay attention to your email or ck this site daily.
2/ You must act when Either BUYS or SELLS are issued.
3/ You must NOT jump the gun and execute before signals are issued.
4/ You cannot be easily shaken or be intimidated by "The Crowd" or what others are doing or saying.
NO, I never said it was easy, oh lord no. I cannot tell you all the moments I have had of soul-searching. Making my list and checking thrice ! Enuf to drive a man to drink for sure. Just make sure its Johnie Walker BLACK or better, thats my story and I am sticking to it. I think I am at an end here, wish you all GREAT HOLIDAYS