(UNLOCKED-PREMIUM) Strategy Update: Miner Difficulties

*The following Premium Post was issued to TLS members mid-day on December 22, 2020.*

This week’s bump in volatility is creating opportunities.

It’s no surprise that we’re seeing a bit more volatility this week. As noted in daily and weekly posts the past few days, some of the major averages in addition to several sectors are now testing key Fibonacci Extension levels. This, in combination with scorching bullish sentiment equates to elevated near-term risk. With that said, any near-term pullback should equate to a buying opportunity.

Presently, the pullback is providing an attractive buying opportunity in a space that we recently added to our radar: silver miners. The set-up is similar to gold miners, but the space may have a little more beta to it — plus, it may get more of a boost from an economic turnaround. Specifically, here’s what we’re doing:

  • Started buying a position in the Global X Silver Miners ETF (SIL) near ~44.98 and ~44.38; will add more ~43.75 should it get there.
  • Also eyeing SILJ, the Junior Silver Miners ETF (for even more juice) should it drop to ~15, ~14.87 and ~14.50.

The only other move we’ve made today is to take profits in our Mid-Cap Pure Growth position, RFG, ~205.

If you’re interested in a daily “all-access” view into our money management approach, please check out our site, The Lyons Share. You can follow our risk-managed investment process and posture every day — including insights into what we’re looking to buy and sell and when. Plus, our TLS Holiday Sale is going on now!! So it’s a perfect time to join! Thanks for reading!


Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.