Picks Update from May 20th Post

Just a quick post of updates to the May 20th "Picks" post.  Some good, some bad.  I continue to like Tinka, despite the performance since May!

Obviously, yesterday was a nice day to hold miners.  Some are saying the short squeeze is "on" and now it's just time to hold.  I agree, but was only able to put half my money where my mouth is, selling both NUGT and half AGQ positions while they were green. 

Selling and Buying

Today I sold my First Majestic (FR.TO), a 7% stake of my portfolio, which takes my total First Majestic down to zero.  I'll buy more at next cycle low, but I might split the allocation with Endeavor, since it outperformed.  I was a little worried about FR because it was both rejected by the 10dma and failed to move up through volume price support; it could go down to $13.50s, which about where I originally bought it ($13.65) back on 8/12. 

I also bought a little more Tinka toward the close today.  Sort of silly to see this breakdown, but as this is one I want to own long term, I didn't hesitate to add as it broke down below it's old lower bound of .68 to .65.  This was a sell the news-type fluctuation, I think, as Tinka just posted news today, reflecting more silver-laden drill results.  Go figure:)  Tinka Drill Results--NEWS