Yes good points on trading the volatility, and when the market makes little sense fundamentally, it is good practice to lower your average trading technically.
I still have a hard time ignoring silver at 38 , or 40$ with a producer like SVM, and its a mistake i make. I dont understand selling a profitable growing silver producer in a situation where silver is up over 110% in the past year, and all of SVM production costs are more than paid for with base metals credits. With that being said , i have been in and out of SVM since it was trading under a buck 6 or 7 years ago. In all that time , the company has not seen fundamentals as good for profits as they are right now.
I believe it is the wall street trading bots doing their damage on the miners, and i see more and more trading capital being spent on the useless etf's . They are basically a casino, where you make some fatcat banksters rich as they skin traders both ways.
My scruples sometimes get in the way of me making money, but i believe the US wouldnt be in the mess they are in, if the investing public invested in real companies with projects in the US , rather than derivatives and etfs, ( which provide 0 employment for the unemployed masses. At one point the stock market was about profits and cash in the bank and success stories, now it has morphed into a shortselling casino where 90% of the bets are placed by the house.
This recent mini crash in the markets has funds and retail investors running scared, and the real silly ones are buying US tbills ( worth less than toilet paper) because of the fear brought on by the manipulation of wall street.
On svm i wouldnt spend too much on puts here, i think the 100 million or so$ they have earmarked for the share buyback, may affect the trading of svm in a positive way in the next few months.