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Sunday, April 12, 2020

Buying Gold and Gold miner Dips...maybe Bitcoin

The market rose so fast, that Thursday I dumped many longs and call options.

I went a little over the top and sold SOME of the long term plays in Gold, Gold miners, and Bitcoin stocks.  As I look forward and read various pontificators, I am thinking I may add back to Gold and Gold miners Monday morning, but leave quite a bit of extra cash to be wrong.


GOLD - Gold miner
GDX / GDXJ - Gold miner stocks
CDE - gold miner that hasn't rocketed up yet.
GLD - gold ETN
SLV - Silver ETN
UGLD - short term play ETN, can't hold for long term.
USLV - short term play ETN, can't hold for long term.
HMY - another miner

Bitcoin
RIOT - already up 50% from buy...holding.
SNSR - ETF 'internet of things' has some exposure to bit miners.

There is speculation bitcoin may hit $5K again. Monday I'll setup to be ready to buy more.
Right now its $6.7K

I am going to start poking around other cryptos and look to diversifying out for the years ahead.

1 comment:

  1. this is really nice to read..informative post is very good to read..thanks a lot! bitcoin

    ReplyDelete