Loading ...PM STOCKS DOWN 6 -7%
I really dont understand the concept of buy and hold in this sector
I used to be a buy and holder of PM stocks but got crushed time and again so now first signs of trouble BAIL !!
The signs were all out there the day after Trumpmageddon
Why toruture yourselves because your medium to long term out look is Bullish
This sector is Toxic …and it’s Fans are Delusional
I defy anyone to show me a trader that has NOT lost money in this sector since 2011 !!
You want to buy and hold ? Buy and Hold Physical Gold and Silver and bury it !
IMHO
Don’t ignore the fact that today on % terms, silver is doing as good if not better than gold. GSR holding at 85.56. This is a BUYING opportunity I believe (maybe not the bottom but getting close). If this is a ‘normal’ sell off – silver would be down at least a third pct or more lower than gold and the GSR would rocket toward 90+.
Your point regarding silver outperforming(at least today) is well taken and what I was thinking. It leads one to believe that most of the damage is done, but as I said last week, backing and filling for the rest of November is likely. The other possibility mentioned at that time, of reversing and heading higher immediately, seems a lot less likely.
Friday and today I bought more physical AG at spot. I have no opinion short term on the direction of stock or other gold bullion derivatives. If silver marks time %-wise with gold esp. to the down side, that’ll be a very, very good sign. If silver capitulates in % terms – that’s expected, but definitely more downside to follow IMO. I’ve done my nibbling, staying pat for the longer term.
do Bitcoin miners have pfs,fs, permits, native upheavals, gov’t regs, DEI , share dilution, war worries ?????? NOPE !
? “Buy and Hold Physical Gold and Silver and bury it” ! I second that!
The rest is entertainment. Heads they win and tails you lose in their ETF/Derivative/crypto/BlackRock Casino. www