CORRECTION: SIERRA RESOURCES- SDRC

Senior moment: YouTube: DIVA IN A SUPERMARKET( Nadine SIERRA) 2:19version

Interesting. I don’t remember your post about coming back when the miners hit all time highs, but do remember these posts about your prediction that silver would stay between $10-$15 for the next 20 years and that gold would waffle around for the next 20 years:

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> On October 10, 2017 at 11:59 am, spanky says:

“No way the Fed and BoJ will ever let metals get that high. Metals are completely under Yellen’s thumb. Gold has a date with its 200 month MA, at which point it will waffle around that level for the next 20 years. Silver will break well below its 200 month MA and then stay between $10 and $15 for 20 years.”

> On October 10, 2017 at 1:08 pm, spanky says:

“Wake me when silver cracks $18 (that’s USD not pesos). I think it is going to be a very long nap, might even turn into a dirt nap for me by the time it sees $18 again.”

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When silver first cleared $18 a number of times back in 2019 and 2020, we did send you out a “wake up call” message that silver had vaulted over that level, that the PMs were in their next leg higher in this bull market, and we had hoped the message had reached you in your lifetime, before you had taken a “dirt nap”…
>> But hey… glad you did finally get the memo… 😉

I bought a lot of WRLGF@.49 and am not selling till gold is at 8K, and maybe not then.
Have you heard what Quinton H. said about ODV on last Fri Crescat call? Their Cariboo project looks like a monster.

I don’t like what SILJ became 18 months ago: Too much gold and not enough juniors. But that’s ok, it just leaves more opportunity for those who build their own ETFs.

The silver juniors lit up on Thursday because silver is ready to significantly outperform gold again. IPT, for example, has been consolidating its spring move since mid July, just like Silver:Gold and those consolidations are now likely over.
SLV:GLD 130 minute (3 price bars per day):
https://schrts.co/pTpnvaHf

Thanks lakedweller2. As far as the ETF weightings, I think the GDX and SIL allocations have improved compared to where they were 2 years ago, but the GDXJ and SILJ still aren’t really “junior” portfolios; being more tilted to the mid-tier producers, a few smaller producers, and sometimes a peppering of the very largest developers.

There are lots of interesting smaller producers, developers, and quality advanced explorers that are not included in GDXJ or SILJ, so those funds don’t really give investors a true sense of the leverage the juniors can provide. GOEX is a little bit better on including some juniors, but there are some weird weightings and allocations in all these vehicles.

As a result, those that hold portfolios of smaller market cap, higher torque mining stocks can often outperform those ETFs. Regardless, are still interesting equities to chart and track as many more generalist investor that just want some sector exposure will go into those versus picking individual stocks, and give one a rough idea of the strength of the sector moves and the overall sector sentiment in how they trade.

+1

+1

Personally, I still like the potential with Impact, and have had a position I’ve held for some time that is in the money, but it has not been weighted as heavy in my portfolio this year as some of the mid-tier silver stocks like Avino Silver & Gold, Santacruz Silver, Americas Gold & Silver, Endeavour Silver, Coeur Mining, etc… I’ve got the higher-cost silver producers like Guanajuato, Impact Silver, and Silver X weighted about one notch down from the aforementioned mid-tiers, but do anticipate that they’ll keep playing catchup and outperform as their margins expand more in this higher silver price environment.

My prediction is it starts moving like Vizla or Discovery Silver.

https://schrts.co/xvpafXwW