Ten Days In A Row
A number of miners, including my recent post and purchase, PVG as well as GSV were down for ten days in a row as of yesterday’s close. This is a concerted effort by the market to shake out as many longs as possible before the next leg of the precious metals bull resumes higher. Don’t chase if you are not already positioned. We probably will have a nice leg up and the bottoms are in, but there are still a couple of weeks of backing and filling before the real upside action ignites. As I recently posted, this year, at least for gold and silver, is going to be fun!