Scaling Back In Slowly
After the recent sharp drops it’ll be a case of trying to pick bottoms in the next week or two. I’m planning to take positions in 15-20 quality miners, including 4 Uranium plays (these prices are ridiculously good value in my view). No doubt I’ll time it all wrong and get a 30% drop the next day, but I’m not too worried looking at the likely gains in the coming few years. Here are a couple of charts, the first one is First Majestic Silver, and the second one is Energy Fuels.
Beaten wife syndrome. Did the miners offer you flowers and a box of chocolates and tell you they love you? lol.
Ha ha, love it 🙂
I did the same this morning NS with 8 I like. I deployed about 10% and it will be my shopping list for pullbacks. Prudent? We will see…
I thinks so. Timing the exact bottom is never easy, but it’s here or hereabouts I think.