Loading ...THIS IS IT!
This is the day. I have been waiting to get mostly back in after taking profits near the Aug. highs and since. I have already posted two buys for my favorite silver miner and jr.(rock) silver miner this morning. I am now building back up my actual metal positions using my old favorite vehicle CEF and my newer favorite vehicle PSLV. Since this month still has two weeks to go I will keep some powder dry but am now mostly back in .
Silver is already showing strength and leading. Won’t chase, won’t go all in just yet, But will GET ABOARD!
I’m glad you are buying but I can’t discount the possibility that gold proceeds to tag its 200 dma. Another $100 drop, why not at this point? Monday’s candle was disconcerting and still is, given the difficulty in forming a swing low off of a candle that large without first making a lower low.
Charts tell me the window was yesterday and today. Gold and silver don’t want to go lower. They still may and that is why I am keeping some powder dry but it looks like they want to go higher, so I am aboard.
Thanks.
Dissent.
Fresh IT sell on SLV. Weeks to go.
Agree Pedro. And too much positive sentiment so far that this it.
Where’s the too much positive sentiment that this is it? You mean me who was one of the very few who said last week “Not to Chase” when everyone else was tripping over themselves to claim everything was breaking out. As much as I think Pedro is incorrect he has been calling for a longer term bottoming process. We will see what the market thinks.