Gold & Silver Mining Stocks

Discussion in 'Penny Stocks' started by Phil's Money, Jun 11, 2020.

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Can the Government Print Gold and Silver out of thin air, like they do our, "fiat currency"

  1. Yes, the Gov can do anything

    0 vote(s)
    0.0%
  2. No, they haven't figured it out yet

    1 vote(s)
    100.0%
  1. Phil's Money

    Phil's Money Member

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    What you should invest in???..in this economy,, with a fake market / economy ... you need to be in precious metals....the Government can't print Gold and Silver..the metals are going to be the best investment for the foreseeable future ...... don't ever say,,,,, you were never warned?? Now,,, when your looking into what precious metal mining stocks you should buy???? When you are looking into a mining or exploratory company, you have to consider (like any company) their earnings growth, debt-equity ratio, price-earning-ration, stability and how strong the company is overall. Also,,, keep in mind, that the Gold & Silver markets are highly manipulated,,,, when trading mining stocks you look for the long term,,, but,, you have to make multiple buys and sells on the way up to maximize profits, and minimize your chance of loss.
    To wrap this up,,, here's a few words of wisdom for you that you can hang your hat on. With today's market,, the normal is "manipulation",, with the "high frequency trading" "naked shorting" and spooking the bids ... today's market place is not for the, "weak at heart" you have to run with the trends,, bank some profits and try to minimize losses.. you can not let your emotions rule and get in the way of your trading.......
     

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    #1 Phil's Money, Jun 11, 2020
    Last edited: Jun 11, 2020
  2. Phil's Money

    Phil's Money Member

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    This will be the best trading advice you will ever get,,, when trading,,,,,, before getting into a position,,, step back and look at the "Big Picture" use the Monthly and Weekly stock charts,,,, to identify the stock trend...... trade off the weekly and daily.....and you can use the 4 hour and 2 hour charts for your entry position....
     

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