Loading ...A Quick Gap Fill Is The Best
When you get big breakaway gaps, like today in many of the precious metals stocks, you want immediate pullbacks, to fill those gaps, as soon as possible. You don’t want to chase and pay up. If MAG can fill it’s gap by trading down to get close to the 200 day at 16.70 I will be an aggressive buyer. Silver may not be as oversold as gold and will probably be more volatile, but MAG under 17 would be exceptional value. 
Mission accomplished. Pennies above 16.70. Good enough for me. If it drops a bit more so be it. Rather be in than miss the future upside.
“You want immediate pullbacks to fill the gaps” … Says who? I would argue otherwise. My view is that this is the beginning of the first BMR in this cyclical bear market which began in Aug 2020. I welcome this BMR, for one I called for it and got fully positioned for it yesterday. I am all in. (risky I know, but the receipts are over on the Rambus forum) I just want it to rally. A good breakaway gap with continued follow through is what I “want”. That’s more consistent with my thesis and it demonstrates more power in the move which I intend to capture. Don’t worry that gap will get filled later on when the BMR is over along with the gap in the GDX down there at 26.
But for now forget about the gaps just capture the power.
Totally wrong. Maybe for day traders you want it to keep running in the direction of the gap. It is always better to fill that same day and then take off in the upside direction. If the gap fills immediately it is out of the way and no longer pulling the stock back down to fill. I am talking a specific stock set up and you are off on all kinds of tangents. What bear market? In gold and silver, just because we had a correction after huge gains? If that is what you are saying? totally wrong.