Tuesday, February 2, 2021

I've been a metals trader for years.

 I've traded metals (silver and gold especially) for decades; but I've rarely seen them move as much as it is now. 

A couple of months ago I sold my silver to pay the rent. I'm find myself trying to build up my hoard, now.

I'll be going to the coin club tonight to buy some more silver. The coin club is there basically to have coin auctions on the first Tuesday of the month. I'll take a checkbook and I hope to buy quite a bit. We'll see.

The Gamestop thing has been driving markets like crazy. I put in an order to buy a Standard and Poors put option tomorrow.  That is a bet against the market. I'm bearish. I've seen what happens when margin requirement are raised. It causes massive selloffs across all the markets. 

I sold all of my silver calls this morning with a 300% profit. I regret that because I could have rode them for the next month; and now I may find myself priced out of the market. I think I'll attach an image of one of my etchtings and go to the coin club.

Later



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