There isn't much silver left to mine. My girlfriend is a metalsmith, she says almost all silver used in the world today is recycled, it was mined ages ago. And the price of silver never sky rockets, it always fluctuates between known highs and lows. Jewelers know what the good low cost is and stock up when it hits, then when it gets high they tend to switch to other metals, decreasing the demand, which lowers the price. Reddit drove up the price for a couple days a few weeks ago, but that was market hype, rather than an increase in demand, so it collapsed even faster than GME did.

That's not good for companies who need a lot of silver.
I'm intrigued by FBSGF. They claim to have found a huge deposit in Mexico

Reddit didn't blow silver up. Literally nobody was talking about it on there when CNBC and other "news" sources were claiming Reddit was jumping to silver. These networks were just reporting what their institutional buddies were telling them to report.

Sorry but you're mistaken on several accounts. There is more silver left to mine than already has been mined. And jewlers account for a scant 6% of silver usage, so what your girlfriend experiences is not reflective of the overall market. Most Silver is used in industry and coinage. And as has been mentioned, reddit silver run never occurred. That was one poorly reported article that somehow became gospel.

Penny stocks aren't junk companies. They just have lower market caps because many are fledgling companies. Ford, Xerox, Sirius, Amazon...all started as penny stocks. Now the percent that fail and go to zero is higher just like any new business venture has a risk of failure. But there's no reason not to have well positioned penny stocks in a portfolio. Their upside is tremendous which offsets the ones that go to 0.

One can only hope that the price action on the very low volume German exchanges translates to the USA market.

Regardless it’s all paper gains and losses because I am hodling thru and beyond merger. Fun to see the green arrows though

Tram the people here in South Texas are freaking out with 6 inches of snow and down into single digits.

Entire city shut down!

I took my Jeep out today for some great 4 wheeling

That's a sunny day here in Canada, Love hitting it with my Jeep.. Enjoy!

Awesome! Glad to hear... didn't know what to do with this Spac. Thanks KPG

PLTR is dropping a fair amount in the premarket ahead of earnings. Combined with the lockup expiration, you should have a good entry point here in a few days.

Oil is mooning today thanks to the Texas storm shutdowns.

If you hadn't heard then you either haven't been investing very long or didn't pay attention. And your definition of penny stocks is woefully incorrect. Penny stocks are simply smaller companies that trade for less than a dollar typically, or companies that have diluted their stock distribution so that they also trade under a dollar. Not every company has a billion dollar market cap. And yes several of the billion dollar corps today started as penny stocks.

https://www.thebalance.com/famous-companies-traded-as-penny-stocks-2637058

According to this article from last summer, it's only about 15%
https://fashionunited.com/news/fashion/pandora-pledges-to-use-only-recycled-metals-for-its-jewellery/2020060233788
~~~~~~~~~~~~~~~
Today, around 15 percent of the world’s silver supply comes from recycled sources. More than half of the recycled silver comes from industry, where the metal is used in chemical production, electronics and for other purposes.

I like how they reported a $140 million loss which included $240 million in employee stock compensation.

That being said, top line numbers and long term numbers look good. It just got a little ahead of itself.

Oh, I am a fan. Been saying for months that I would reenter after earnings and lockup because I thought it ran too far, too fast. Will be a good long term hold.

What do you think a good entry would be? It dropped to 28 in PM but looks like it is bouncing back up. Missed EPS but exceeded revenue.

I see the Canadian cannabis stocks are starting to run again today. APHA up 9% pre-market. Should be another fun week.

Nothing beats a Jeep for some fun in the snow.

Very entertaining read on WSB about shorting the country of South Africa

https://www.reddit.com/r/wallstreetbets/comments/lkzviy/i_am_going_to_short_the_whole_country_of_south/

I don’t have a particular price. I am looking to see where it is after lockup in a few days. I would speculate we would be in the mid to upper 20’s.

PLTR nosedive after earnings. Good time to buy?

Read above a few posts.

Reading is fundamental. Thanks

XSPA. Covid-19 testing
better get in!
It’s moving .
All good news. No BS here

Watch........
https://mobile.twitter.com/cbsthismorning/status/1361305141257920512

Yea take RIOT a year ago .60 cents today $60

Careful....Lots of shorting on this stock. I know it seems like good news, but at a time when cases are plummeting and vaccinations rising, not sure in airport testing is going to move the needle. Hope I'm wrong and you make a bundle!

Im in too today...bought more. Long term it looks good. The negative news on earning was employee stock related and not lack of sales or contracts. What I have learned about these stocks is all it takes is one big news story or contract to make it run 5 points. You just never know when that will happen.

this has a good option premium - if you are into selling calls - thanks ed

I'm holding with CCL for the long term. Curious why you jumped out. Up 8% today.

Anyone follow 'SOS'? Seems to be having a great day. All these stock symbols, FIRE, SOS NAKD, RIOT. Too funny Thanks.

Amazon wasn't a penny stock, it's IPO was $18, I bought some because it was local and I had friends that worked there. It never went down into the penny stock territory. https://www.quora.com/Was-Amazon-a-penny-stock

It may be a chicken and egg thing, but silver was certainly hyped alot on WSB's and other Reddit groups for a few days (I read Reddit daily as well as Reddit hype aggregators) which probably contributed to a temporary price uptick. But hey, if you want to invest in silver or silver stocks because you see growth potential there, go for it. I'd be weary.

Had some as part of my bitcoin related stocks but sold it last month. Here are some stock tickers that tend to move the same direction of bitcoin, either because they are mining companies, blockchain tech, holding companies, have a significant investment in bitcoin, etc. I am sure there are more but these are ones I am or have been invested in.

BLOK, SQ, PYPL MOGO, SI, RIOT, MARA, FTFT, GBTC, SOS

PLTR lock up expiration is either thursday or friday. Can't rememeber.

On the conference call they said "government contracts are at the tip of iceberg" spending wise.

I'd wait until lock-up settles down and then explore that one based on the above statement.

Loading into Energy. At $60 per barrel the implied price on the OIH is +192% from here and +42% on the XLE according to Tom Lee and his Fundstrat research.

I purchased BHP, SLB, PXD today.

He also makes the case for expanding PE's in a rising rate environment as we see the 10 yr spiking again.

That's HIS research. He's been really good.

I am. Like a dummy sold last week at 4.10 to buy SNDL. That's what happens when you don't follow your charts and instead follow emotions

Thanks Ice, I was also wondering when a good time to jump back in on pltr is. I will keep a eye on it towards end of the week then

Probably not technically but it traded for $1.5 in June of 97. IPOs often crash initially as did Amazons.

I don't get APHA. When the merger with TLRY happens in Q2 each share will get .83 TLRY shares. Yet it consistently trades much lower than 83% of TLRY

No, that's the split adjusted price of the $18 IPO, factoring in the two 2 to 1 and one 3 to 1 splits, Amazon never traded below $5. I owned Amazon at the time, the crash after the initial IPO was down to about $14. Amazon bottomed on Sept. 28, 2001 at $5.97.

BHP up 8% today. RIO, VALE and BHP are our commodity price inflation miners. We talked about keeping these on the radar a while back to buffer what's coming.

Pays a nice 3.5% div yield too.

PINS hit another all time high. Gene Munster and Loup ventures put $105 target today on PINS.

Tencent (TME) that I think you've mentioned before ICE, the Chinese streaming music company, is up 6% today. I picked up some when it dipped to $26 a few weeks ago.

I don't understand that either. Maybe it represents some sort of time premium that will decline as the closing date gets closer? But more of a reverse time premium. If you go long APHA and short Tilray, you can't lose if the deal closes.