Silver Standard Resources Inc SSRI

Added to LT position today at 17.40

[prouditalian]

Havent bought this since my last purchase at 12.50....Before that bought at 7.50. This company is cheap, well run and ost importantly has most of their assete in the US and Canada...Argentina is a lotto ticket IMO. This stock is as safe as you can find in the sector...Not a 5 bagger but an easy double from here with 1500 gold IMO.

[ch08532]

Still think it can go lower IMO.  Brexit fears are calming down for now; Turkey is in lockdown; USD over 97; July typically lag month for PMs, etc. $1296/$18.60 is my target.  Silver has a gap to fill from 18.58 to 19.50 so IMO healthy that silver is back filling this gap.  Good sell off today..much needed as these miners have been too hot and I want cheaper shares :)

[PAGODA5]

I also saw this coming.  I too am sitting with cash and wanting to buy some SSO. Didn't pull the trigger today as the sell off extended iright into the close.  Probably a lower open tomorrow.  

[prouditalian]

to each his own...I am up over 100% on SSO and simply added on a nice pullback as I see 1500 gold comiung and a double from here. I have sold my cost in FR and am riding a lot of free shares ( over 100,000) at 2.72 US so having a banner year. Had some cash on sidelines as was expecting a drop...I will go on record as saying that I believe this drop is very short lived...as in max 10% downside left

[PAGODA5]

I have a triple in SSO.  I am just playing it smart.  There wil be more talk of a fed rate hike coming.,...

[PAGODA5]

I have a triple in SSO.  I am just playing it smart.  There wil be more talk of a fed rate hike coming.,...

[PAGODA5]

I actually thinkk the Fed is going to raise rates sooner rather than later.  Nothing to do with an improving economy, they are just going to do it to remain relevant.  

[Highwired7]

I don't think they will run the risk of crashing the market again with an outgoing democrat in office.

[funkshow]

Pdgota I don't see any chance of a raise.  They won't raise before the election.  They then won't after then we are in 2017

[PAGODA5]

They won't raise on Wednesday but they are going to raise in December, that is almost a guarantee unless we see some unforseen shock to the economy.  The inflation hawks on the FOMC are pressuring Yellen to move and she will eventually. They probably do want to wait until the election is over.  I forsee them jawboning the market lower though....there will be sentiment change and they

[prouditalian]

yes...but it hit gold the way you did not expect...upwards! I continue to yell...buy the dips as gold is going higher...and miners following the footsteps. SSO is a double from here with 1500-1600 gold...slow and steady up.

[prouditalian]

IMO, likely scenario is SSO will move above 20, possibly as high as 21...then correct 25-30% from there..IMO all miners will trade in this pattern. One more nice short squeeze then a big correction.  After that correction is done, we shojld see leg 2 of the bull where shares will double.

[ch08532]

I agree with you..I nibbled and bought small position at 17 (I was waiting on the 15 handle...was close but didn't make it).  It appears we are in a trading pattern 19.50-20.50 range.  August usually a hot month for PM's...we'll see