Hi folks, just trying out my first post and sharing some thoughts. Go easy on me 🙂

 

I’ve followed PM for about 10 years now and been invested, one way or another for most of that time. I ventured into the miners in January, after years of research and following some great sites including this one. There seems to be some really good, well researched views being expressed here. I read all your posts, and weighed up the evidence. I was convinced we’d hit rock bottom, and was delighted with the returns. Like everyone here, I wrestled with trying to decide when to bail out. I exited once I’d seen a couple of chart patterns fail. They are the charts which show the 50 week moving averages on the HUI and XJY crossing above the 200 week moving average and yet failing to rally strongly, and plunging instead. On the charts below, you can see that this is unprecedented. Maybe a sharp reversal to come ? If not the averages will soon cross over again, but in a bearish sense…

 

 

 

 

Thank goodness for some of the pointers I’ve seen on here for energy and uranium stocks. Not taken the plunge into cannabis yet though, lol.

 

What a year. Cheers everyone, seasons greetings and all the best for 2017 🙂