Precisous Metals mining prices

[RogueKoiFish]

Any thoughts on the precious metals and mining industry currently. I checked the latest Market update newsletter and it showed that Silver and Platinum was exited around February 2021.

What is the rough price range we are looking for to buy gold or mining companies?

Also has any one thought about investing in Rhodium. That one seems to change in value by a large amount every 10 or so years. I couldn't think of a way to get into that one before it ran up to the high price now.

I have been exiting all of my mining positions and trying to sell most of my stocks to be heavy on cash for 2022.

I'm a new person to the group, so any advice would be appreciated.

[Yodean]

Any thoughts on the precious metals and mining industry currently.

The following represents my current view and does not constitute specific financial advice. As always, make sure you do your own due diligence.

I always have a HODL core position in silver and gold, at least 5% or so, of my net worth. Atm, the core position is just above 5%, although it's somewhat leveraged in the sense that I hold the PMs in the royalty companies (MTA, MMX, FNV, WPM), which to some extent leverage the spot price of the PMs.

On top of this core position, I swing-trade GLD and SLV when the opportunities present themselves. On balance, this has been quite profitable for me, over the years. We're not talking about 100% gains or something like that, but consistent, 3% to 10% gains, usually a few times a year, at least. It's a fairly "safe" trade for me, for the most part.

My base case for gold, for the next five quarters or so: it will trade _mostly_ between $1720 and $2000.

For silver, for the next five quarters, it will trade _mostly_ between $18 - $33. I see silver going down to $18 only in the case of a huge drop in the general equity indices (i.e. Slaughter of '22) - for the most part, silver will be range-bound between $20 and $33.

Current swing-trades:

Gold: I've been buying a bit of GLD pretty much daily, as long as the gold price drops that day, and as long as the gold price is below $1820. I stand aside on days when the gold price rises. When the gold price pops above $1820, I start selling a bit of the swing-trade position on days when the gold price rises, until the position is all sold off.

I've already profited from this swing-trade recently (except for the previous one, I used gold @ $1800 as the accumulation vs. profit-taking demarcation point).

Silver: been buying below $22.50 daily, as long as the silver price drops that day; once silver cracks $24 or so to the upside, will sell a bit of the swing-trade position on days when the silver price rises, until the swing-trade position is done;

Rinse and repeat, with small adjustments.

*****

Perhaps most importantly, sentiment in the PM sector is pretty low right now. I'll likely increase my core HODL PM allocation to closer to 10% in the near future - we'll see.

Also, the gold/silver ratio just recently popped above 80. On the four or five occasions when it did this previously, some sort of PM bull run always followed.

[SOL]

Monthly chart of Gold

[Yodean]

Monthly chart of Gold

@Sol: thanks for the chart, looks good.

I assume the TIT is waiting for the MACDs to "curl up" a bit before issueing official buy recommendations?

[RogueKoiFish]

Appreciate the follow up by both of you. The right hand side of the chart with the prices are cutoff so a little hard to read. Can you do another screen clip where the price is more readable.

Thank you for sharing the information on the current trend.