Quick note on my #silver experience over the last year.

I caught #silver early at around $16 and followers and I got heavy $AGQ and calls along with miners and crushed the breakout to $29.

BUT, then the chop came. While I pretty much sold the top I definitely got chopped

up for months while it was trying to find direction. The narrative was there, the macro backdrop was there, all the guests on @RealVision said it was the 'setup of a lifetime', BUT, nothing. Meanwhile, equities were ripping and that half of my book is carrying me. ALSO

#Silver is super volatile, like made $BTC volatility back then look tame volatile but probably in line with today BTC lol. Add leverage and futures...you get the point. The market is only closed for an hour a day from 5-6PM ET I think, and closed on weekends F 5pm -Sun 6pm.

So on top of not making money, I was obsessed with watching this thing because I have big money on the line.
Finally, I decided, screw it. The movements don't make sense, first it was dollar correlated, then it didn't matter, etc. and I moved to all equity, cause Opportunity Cost

and also to BTC/ETH. AND THANK GOD I DID. Crushed it hundreds of % over in a 4 month span.

SO, Here we are again with #silver

I could have gotten into this trade last week, I tweeted it, but was unsure these WSB guys could 'pump' a global market like #silver.

BUT...

Is it a pump, or is it good research and everything that we all believed should have been the case for the last six months WAS actually the case but it was being manipulated lower or held down by the larger banks?

Would make sense right?

But what about #Gold? Same thing?

I know the industrial use of #silver vs. #gold, that is not the argument tho, but you would think in a brrrr.. environment #gold would be moving higher like $BTC. Is that being held down too? Or is it the #gold money moved to $BTC? Hard assets should inflate, seems odd that..

these assets would not move higher.

All this said, I hate pumps and rug pulls, etc. and don't like investing based on that

So herein lies the dilemma. I believed #silver was going to $50 this year, could this be the impetus? Crazy as it is?

BUT, don't want to get burned.

So here is how I am going to play this. I will probably buy some calls on $SLV, understanding that I can lose everything on them if I am wrong, but get good exposure if I am right.

May wait for the initial pump to wear off, let's see how tonight goes

I will then look for #Silver miners that have not moved to try to find some value there so that if this is in fact a short lived pump I don't get burned too hard, and if it's real they should move well. Options on those miners may be inexpensive.

And that's it.

The charts look pretty solid as you saw from @PeterLBrandt tweet.

I hope #silver is not $30 before we wake up! Even still if $100 is the pump target there is plenty of room.

Trade carefully, look at $DOGE. Pump, then dump, never know.

Don't use too much leverage.