

SilverTrade
5.3K posts







Expecting MASSIVE GAP UPS in Gold (5%+) & Silver (7-10%+) on Sunday’s Globex Open, but a HUGE SELL-OFF in the mining shares next week. (Unless the war ends before the weekend is over, which is HIGHLY UNLIKELY). Personally sold 100% of my mining shares Friday to be entirely out of the paper markets before the weekend.


Cash Dubai crude (balance of the month) just broke above $170 per barrel. To my knowledge, no crude has ever commanded more than $170/bbl before.

Japan is now openly buying Russian oil with the yuan. The Trump administration tried to strong-arm Takaichi into a joint statement on the Strait of Hormuz, and Japan said no. Publicly, Officially, Finally. So even America’s so-called ‘closest ally’ is spitting on the petrodollar.....

BREAKING: China has bought gold for 16 straight months, taking reserves to a record 2,309 tons worth about $371 billion


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Absolute disaster. Silver down -9.4%. Gold down 4.4%. Personally I will need to sell several $ million of HL at a loss in order not to get a margin call. I'll be lucky if I'm down to only $5 million in equity today. I started this venture December 2024 with $1.2 million equity so it isn't catastrophic even though it feels that way right now. For those who started following me especially after my posted tweet, this is an excellent lesson where greed has blown apart a good idea. All great investors develop a plan and stick to it. My deviation was to go above my margin limit. Then when things went south I let the margin stay too high thinking the silver price would rebound. I should have sold HL shares at a loss and rebalanced. Instead I will be selling the shares at a much larger loss today. I'm not going to be ending my journaling on X. I will continue to post my progress despite the pain. The heavy use of margin was not the problem, it was my misapplication of my own strategy.

*IRAN MISSILE TARGETED HAIFA OIL REFINERIES, IRAN'S MEHR SAYS
