winnachickendinna's  Instablog

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Gambler, part time invester, fisherman, and comedian. B.A. degree in criminology with a half semester M.B.A.
  • A Gambler's Paradise: Speculator A La Carte 0 comments
    Oct 17, 2013 12:26 PM | about stocks: SLV, GG, GLD, GOLD, PAAS

    Another day at the casino! Chips were making noise and paper cuts were bandaged after being struck by flying cards. "Say what?" said a player. "Kill pot, Can I get drink? (Dipsomaniacs standing by)". A recidivist buying in with red and white chips. "I see your holding a silver coin?". "1884 its for good luck" . I was watching the cat for hours. He bought in 8 times with reckless play. After looking at 2 ladies (QQ) I raised all-in. I flipped them up and my opponent continued to hide his. 10 of clubs, 7 of clubs, and 3 of hearts. He flipped over his Ace and 10 of clubs. Fourth street came with 4 of diamonds. Then tic-tock, sloooow mooootion, with margin style trembling hands, and zzzzzzzzz spectators. Jack of clubs ohhhhhhh nooooo!!!! I displayed a hundred dollar bill. I joked and asked him if his coin was for sale. He replied, " Sorry, you are going to have to get your own ! "

    The thought remained in my head. A metal that I felt was second to gold yet had an industrial edge. A well rounded precious metal with history. Silver has been in the marketplace for thousands of years. From the silver Athenian drachma coin in 580 B.C. up to the modern day U S. Morgan silver dollar, leading to SLV, PAAS, SLW, GG, GLD,, and so on.

    I'm long SLW and have not initiated any positions in any other mentioned stocks this week or the next.

    Disclosure: I am long SLW.

    Stocks: SLV, GG, GLD, GOLD, PAAS
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