Post by
Redrum180 on Feb 23, 2023 1:45pm
Fire Sale or Gold Going Lower
To my way of thinking, Sandstorm is in a consolidation phase having absorbed two good sized royalty companies.
One thing I've learned about myself is that things I expect to happen often do but after holding shares in a stock for years with shares drifting sideways or down, I'm usually out of the stock when it finally explodes to the upside. I'm sure many of you have had that experience.
If you want to have an investment in the shares, you can buy the in-the-moneyJanuary 19, 2024 calls with a strike price of 3 with almost no premium. I did that to free up some cash for trading; this is clearly NOT investment advice. Right now they are 1.90 bid, offered at 2.
Of course, the risk is the stock may not move till past expiration. If that happens, my plan is to go back into the stock at what would be a lower price.
So much is contingent on the price of gold, of course. Right now I'm sitting with a paper loss in those very options which I bought at $3 when SSR was over 5 and change.
Canada's central bank has no gold while China, Russia, the US and others are buying it by the ton. So one of the world's largest gold producing nations has a lot of paper currency. Just an observation. Perhaps one day the government will realize its mistake.
Canada Has No Gold [/https://youtu.be/DvEcXjIfFK4url] Check out that video; cut and paste the link if you can't use the link.
Comment by
Redrum180 on Feb 23, 2023 1:52pm
That link (above) did not work. THIS will work if you cut and paste, of course. https://www.youtube.com/watch?v=DvEcXjIfFK4 Alternatively, go to youtube and search "Canada has zero gold reserves"
Comment by
ryaayr on Mar 01, 2023 12:05am
You've made too stubstantive a post for stockhouse. I'm going to have to report you /s