>You have the potential to turn $1,000 into $20,000 within a month. (you also have the potential to lose everything, so only bet what you can lose)
Does that mean that 1k call can make me lose 20k if things dont work out?
Ethan Cox
need... more... silver... im.... too... poor....
Jason Reed
>$35 and $50 by the end of September. Checked
Logan Ward
no, with options you can only lose up to your initial buy in. In fact most option buys expire worthless, so it is a very common thing for people to lose everything they invest, but the flip side of that is if the underlying asset moves in the direction you predict, you can make massive 10x 20x gains.
Aaron Collins
What is an option
Caleb Bell
based BRRRRRRRRRRRR poster
James Sanders
So is silver gonna moon and then drop down again like in 2011 or is it going to keep rising this time? And say it does hit $100 an ounce and the economy somehow is okay, do we sell? Please someone enlighten me on the entire pmg philosophy
you sell for the new fiat which is likely gold backed
Carson Smith
A dollar will be worth nothing but 1 ounce of silver will be worth 1 ounce of silver always. Use it as currency in your mountain community hidden from the urbanites.
Andrew Bell
Only if you WRITE options you can lose more, not if you buy them (which is what most ppl do).
Jacob Reed
In another thread an user was asking for advice on trading options - sharing what I said then, in case it may benefit any other traders starting out
Quick tips: >track the dollar >track gold, silver, bitcoin, VIX >track Euro / USD pair (if Euro goes up, drags dollar down hard) >track each overseas market on open and close >look at MACD / RSI as indicators (but not the key deciders) >Tokyo 8:00pm EST open, 2:00am close >Hong Kong / Shanghai 9:00pm EST open, 4:00am/3:00am close >Germany 2:00am EST open, 2:00pm close >London 3:00am EST open, 11:30am close Watch price action for all of these assets at all of these times If you see all of them open green, close green, you can be pretty confident US will open green close green too likewise, if they open red close red, the reverse
Download a news app from Europe - read both European news & US news (try to read as much world news as possible) Imo, you cannot trust US news - but you should still read it, read it with the grain of salt "What are they trying to get me to do with this information?" (that is the news you're looking for) [News articles today came out about both Argentina / France / India having highest covid spike / France is considering going back into lockdown -- this would be bullish for PM; you should be aware of stories like these]
The most important indicator is the dollar. If there is no "end of the world" news (eg. North Korea has just fired a missile into the ocean! Covid has now mutated & kills with 50% mortality! - that type of news) and there is a massive rally in gold / silver without an equal decline in the dollar, and it is approaching a resistance point, you can be confident that it is going to bounce down. If you see that it's at a resistance point, you need to evaluate the upcoming news & evaluate what you think will be announced & how the markets will react marketwatch.com/economy-politics/calendar federalreserve.gov/newsevents/calendar.htm
Why not , gadafi tried it and the only reason it didn't work is USA pushed his shit in. Once zog USA loses power projection, a country with large gold reserves can try it
Gabriel Turner
Mining companies are a leveraged play on the metal. However you need to watch your investment closely and know the management team of the company you are investing in. Investing in miners is more intense than ETF's.
I recommend just buying physical. This way you can buy and forget about it for a few years. One day you will wake up and realize your basement safe is very valuable.
Caleb Young
Personally, mining companies all the way, just bought these last week. Exponential returns are highly possible within 6 months
