PM’s and Mining stocks must be taken down before the year comes to a close
This is about optics. Quarterly and yearly stats.
After the New Year they will be allowed to rise after the fear selling they created is over.
This is about optics. Quarterly and yearly stats.
After the New Year they will be allowed to rise after the fear selling they created is over.
Already down ~75% — how much lower can they go — YE is tomorrow……..
That down 75% creates lots of tax loss selling. Usually it ends by now so look for your favorites to see if any positive divergences given the drop again in the metals.
100 & 200 ma below
https://www.tradingview.com/x/ZpWruq9x/
Yes, today I acted on this dynamic of tax selling and EOY sub $30 for silver. Bought a big chunk of SA at todays lows…
https://stockcharts.com/h-sc/ui?s=SA&p=D&yr=0&mn=8&dy=0&id=p75130562643&listNum=43&a=1868964766