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Thread: Silver Miner choice

  1. #31
    Diamond Member Relayer's Avatar
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    TribalWarrior.....no link, its only available to subscribers. But I sent a copy by private message. I couldnt post it on the boards because of all the graphics.....if you didnt get the charts, I can send it to an email.
    Last edited by Relayer; 04-17-2018 at 12:05 PM.
    If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington ever mentions it. – Thomas E. Woods, Jr.

  2. #32
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    OKay....in case anyone is wondering....why do I post daily trades? Well, yesterday was an excellent example why. Just in case people aren't aware....the MM's are not a completely neutral party when they make a market in a stock and TRX is traded on a major exchange (NYSE/AMEX). Especially when its a penny stock and really especially when its an OTC penny stock the....MM's determine/run the price. Why no neutrality? They are there to make money; they have skin in the game. So rather than maintain the price level of the stock after filing an influx of buy orders (raising the price) and wait for the market to come to the present price, they go down in price to effect trades and earn trading fees.

    There are two kinds of market makers....dealers and specialists, and two kinds of markets....a dealer market and an auction market. The NYSE and AMEX are auction markets and the NASDAQ and NASDAQ OTC are dealer markets. Nice visuals at this link....http://www.businessinsider.com/heres...nd-nyse-2017-7 If you want the most accurate information on subjects like this, do not rely on second sources...like investopedia. Many sites provide out of date data on the ins and outs of market making ie. the specialists shout out their orders to each other. Yes that wonderful image the media keeps using where a jam packed crowd of people are waving their hands and screaming at each other is very passe'. As can be seen in the image at the top of the page (see link), there are a few people left on the floor of the NYSE. But notice the activity....they are just standing around engaged in normal conversation.


    Here is a link to the Amex. https://www.nyse.com/markets/nyse-american


    PS.....the above is a good reason to not use open orders. Use limit orders to get the price you want. With an open buy order the MM can go above the prevailing market price for an execution. And do the reverse if its an open sell order.
    Last edited by Relayer; 04-17-2018 at 01:47 PM.
    If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington ever mentions it. – Thomas E. Woods, Jr.

  3. #33
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    Got the message, thank you for the charts. I added again today, since I only add small amounts of shares to my position, I'm assuming I set todays open price .50 LOL!! I thought it might be filled at a lower price, but I also thought it may open higher as well.

  4. #34
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    You did good! Its on the move again, lots of several large block trades this morning and sales are really small (10-15K) on 230K. Overall vol is pretty good but sporadic. If the buys to sells ratio stays like it is we could see .55 cents again....today!

    After several tries silver finally broke free this morning. Up 2.7% or .46cents!! Its going up independent of Gold (AMAZING!) which is only up .3% or $4.47.

    TRX bid .5129 ask .5130 What's the difference?

    GORO is moving up nicely!

    I have a watch list of 20 stocks and TRX/GORO/EXK are the best performers!
    Last edited by Relayer; 04-18-2018 at 12:50 PM.
    If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington ever mentions it. – Thomas E. Woods, Jr.

  5. #35
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    TRX....the feeder is still at work. Dumped 2 20K blocks this morning. the second one knocked the price down 2 cents.

    GORO....nice pop again this morning on great news. Tribal Warrior you must be a happy camper!

    Gold Resource Corporation Increases Gold Reserves by 135% Announcing Maiden Mineral Reserve for Isabella Pearl Gold Project, Mineral County, Nevada

    https://globenewswire.com/news-release/2018/04/19/1481634/0/en/Gold-Resource-Corporation-Increases-Gold-Reserves-by-135-Announcing-Maiden-Mineral-Reserve-for-Isabella-Pearl-Gold-Project-Mineral-County-Nevada.html
    If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington ever mentions it. – Thomas E. Woods, Jr.

  6. #36
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    Quote Originally Posted by Relayer View Post
    TRX....the feeder is still at work. Dumped 2 20K blocks this morning. the second one knocked the price down 2 cents.

    GORO....nice pop again this morning on great news. Tribal Warrior you must be a happy camper!

    Gold Resource Corporation Increases Gold Reserves by 135% Announcing Maiden Mineral Reserve for Isabella Pearl Gold Project, Mineral County, Nevada

    https://globenewswire.com/news-release/2018/04/19/1481634/0/en/Gold-Resource-Corporation-Increases-Gold-Reserves-by-135-Announcing-Maiden-Mineral-Reserve-for-Isabella-Pearl-Gold-Project-Mineral-County-Nevada.html
    GORO CEO has been saying for a while now the Isabella Pearl should double reserves/output when production starts. Even at 135% reserves gain, I'm pretty sure there'll be more in the future. I'm sitting pretty good at this point and I still add to GORO weekly. Too bad I didn't drop a lot more into TRX when it was in the .30s now it's sitting above .50 within 2 weeks!! Obviously things can reverse quickly if PM prices fall back.

    I didn't add anything today. Watching the late day fade of metal prices can mean lower prices tomorrow to close the week out. We'll see how the USD goes for direction.

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