Loading ...Silver near bottom of it’s cycle
I know sentiment for PM’s is currently low. But this is what you would expect and want near bottoms. This chart bellow says it all. There are good chances, this year silver moves higher again. If you decide to hold positions for around next 3 years, gains shouldn’t be that hard to get to. Since general markets went strait up for some time now, I’m waiting for some decent correction, which would initially pull miners down and make them even cheaper. (no guarantees of course) Planning to buy some LT positions in the next few months. P.S. Uranium sector is still correcting. Sitting tight for couple years or so.
Fankers
Sure looks like a Bottom . Nice Chart Buck
Silver sucks 90% of the time BUT when it runs it runs like a maniac
It’s quite reasonable to assume GDX will eventually fill the gap left behind yesterday. My guess is it will get filled later this year, perhaps in connection with a serious stock market correction.
Yeah, that is my plan. To load up sometime this year during strong enough correction. Only, since we are in election year, this correction may not be allowed to be too deep.
Many miners are currently so oversold and cheap, that buying now should work out LT just well.