Loading ...A WORD ABOUT PM STOCKS
THEY SUCK ! ( THATS 2 WORDS ) BUT….THEY ABSOLUTELY SUCK
I have been in them off and on for 30 years
They are adicting
I have pretty much stopped …until lately..back in GDXJ and SILJ
The common theory is they should provide leverage to the gold and Silver price…by multiples of 3 to 5%
And it’s my experience that is true
when PMs drop the Miners are leveraged DOWN…but when PMs rise …NOPE !!!
No Leverage
Now Everyone is calling for a Stock market Wipe out
Gold is relentlessly rising and Silver on the verge of a Big breakout
Which way will PM Stocks GO ?
They are Stocks …thats which way !
sheesh
I think the miners get pulled down in a general SM downdraft which seems to be increasing in intensity.
Here is weekly Alamos with hot RSI . $8 – $38 in a couple of years. It is stretched.Yes it seems like time for a regroup…..
https://www.tradingview.com/x/VWix7nRH/
also measured move on gold weekly met:
https://www.tradingview.com/x/t2YX1BEM/
Noooooooooooo…..
+1 Fully. Also expecting a short term retreat into May a la Armstrong’s prediction.