You are viewing a single comment's thread from:
RE: Could Precious Metals Equities Ever Rise 5,000% Again?
Since miners are basically a leveraged play on the underlying precious metal, we definitely should see profits as big as 5.000% in some of them.
If you're bullish for Gold/Silver with a timeframe of more than 1 year, OPTIONS implicit volatility also looks very good (as in very low). Thus you could either play Options on the precious metals or even on the miners and create a very nice asymmetric payout structure!
Thanks for the input iarumas. I do think that the rise of cryptos is major salt in the wound to many of us sound money investors. Silver at $16 while Amazon is at $1,050 and Bitcoin is at $3,200+ is absurd.
Actually I'm not that unhappy with Silver at $16 atm. As I said, have a look at the implied vola!! I'm currently stacking up on some options with maturity up to 2 years out. Could be too early, but then again, the vola is so low, the options so cheap, that you're losing very little to nothing if Silver stays stale, but gains will be tremendous if "something happens"!
But I totally get your frustration!
Cheers!