Loading ...One Final Low Risk Entry Point
Having avoided the fake out breakout two weeks ago and going back into gold and silver last Wednesday, after that Monday’s shellacking, the charts are saying another low risk entry point should be presented today. I believe it will be at higher levels than last Wednesday but not necessarily that much higher. I just completed my buying of CEF and PSLV and am now all in for the next leg of the gold and silver bull market.
Hi CM,
Thanks for the heads up on the buying opportunity that now presents itself. I’m just wondering if you think silver stocks, specifically, WPM and PAAS, will participate in this rally also, since it seems they have been flagging in a downward trend since the August highs. I’m wondering if I shouldn’t sell them and go into PSLV instead. Thanks in advance for your opinion.
It looks like a selling climax is underway with PM stocks heading towards their 200 day MAs.
I like PSLV and certain silver stocks. I want PSLV for actual metal and have MAG and VLMGF. Don’t follow the two you mentioned but PAAS is high quality and WPM is royalty co. Both should be OK.
Thanks CM – appreciate your perspective. I may switch to PSLV also to have actual metal. Thanks for the good idea.