Post by
greendayyyy on Oct 16, 2024 2:04pm
Management
The last time SCZ reached above 0.50 was in March 2023. With silver above $32 an ounce and the price of zinc continuing to rise, we are unable to reach 0.40. Performance always depends on good management and good knowledge of the mining sector. That's what I don't see here.
Comment by
HavingFun on Oct 18, 2024 8:40am
Big players move first, then the smaller juniors. even endeavour and first majestic were beat down yesterday. Silver investors trained like dogs to think the metal will get slammed after every rise. it will happen
Comment by
greendayyyy on Oct 21, 2024 4:39pm
No surprise it ended up in the red below 0.40. I have small silver producers in my portfolio like AGX that are performing better than SCZ. Bought GGD at $1.06, touched $1.83 today. Sold my USA at 0.67 instead of selling this dog that I've held in my stock portfolio for over two years. The problem is, when I liquidate it, it will take off.
Comment by
Blacknite4 on Oct 22, 2024 10:30pm
I have been watching agx and yeah it's done great the last couple of days buts its waaay overbought now and it's due for a considerable correction. In the long run with 7 million oz of silver annually and an equal value credit of zinc on top of that SCZ will do much better for sure.
Comment by
Blacknite4 on Oct 22, 2024 10:37pm
I agree with you HavingFun. I believe we have a way do go yet on this leg and the best thing to do is ride it out and not be too quick to hit the sell button to lock up profits. Having said that it's usually not a bad idea to lock up profits. Good luck all.
Comment by
HavingFun on Oct 29, 2024 9:49am
Thank you. I also think a couple stocks are being managed....accumulating before earnings. SVM is one of those and I think SCZ could be one also...imo best