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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Goldfinger@dirkdiggler I don't think it can "take off" without $gold, but it can certainly outperform gold. Gold is in an interesting spot with a breakout over $1265 quickly targeting $1300-$1310 IMO.
@GoldfingerInteresting that $VRX short interest jumped nearly 13 million shares during the last reporting period (which encompassed the disclosure that Ackman had dumped his entire position). Seems like this stock is setting up for a binary outcome (>$20 or <$5) within the next few months.
@Goldfinger@Highheat Treasury auction nearly meaningless for PMs IMO. Opex could actually add a bullish element in terms of a short squeeze (short call options). We will see. Not too enthused by action in the miners today but we are in a shifting market environment so it's important to simply let price dictate and not get too caught up in correlations, or lack of correlations. $Silver closed at highest level in a month.
@Highheat@Goldfinger if you think the bi weekly US Treasury auctions are meaningless you haven't been paying attention for the last 5 years or so. They may not matter tomorrow but that would be an outlier
@FundamentalAnalysis@Goldfinger I like $SSP as well, but not sure of takeout potential at this stage. $SBB is my favourite especially once permitting issues are resolved. Its practically a no brainer at that point.
@GoldfingerSuch a clear trading situation in $gold and miners $GDX$GDXJ here: Traders worried that $1265 resistance won't be taken out which could lead to downside reversal, itchy trigger fingers selling miners here. Epic reversal higher if gold DOES break out.
@HRA-CoffinTraders probably a bit spooked by the huge beat in consumer confidence number @Goldfinger though I can't imagine why. The correlation between that feel good survey number and actual economic activity is tenuous at best and a lot of the data is probably "pre Trumpcare fail" so already suspect.