Gap up open in the metals, then they are faded the rest of the day.  Over and over and over.  Don’t get me wrong, the last couple of months have on net been spectacular for anyone long silver miners, but this has been one of the ugliest rallies I have ever seen.  Up 50%, down 25%, then back up 25%–that’s been my account (and frankly, basically my net worth), all within a 2 month window. That is utterly insane volatility.  As long as the November lows aren’t snapped, I think I will be able to comfortably stomach this movement.  I agree with Chartmaster on this, it’s not a matter of if, but when silver makes a huge break (I’ve been thinking we wouldn’t get a breakout until later this year, but I won”t complain if it comes earlier than that).   Of course, that is just my opinion and there is always unpredictable risk, as GME longs found out yesterday.

If you aren’t a “believer” in the metals, there is likely no way you can hang onto positions long enough to make huge gains.  Most sane people won’t tolerate 25% much less 50% swings in their accounts to see it through.