Appears we are seeing capitulation in the PM’s
We need this before the rebound which will be choppy.
Maximum fear and despair by end of week.
We will have lost all the newbies to this space only to see them return to purchase our shares on the final parabolic rise.
Yeah, unfortunately we needed this washout to kill any hope left in most PM afficianados. Bought some ZSL a week ago for a partial hedge, at least there is that. Looking to see what market does today, and will be buying more on the dip if it looks like we are bottoming or at least stabilizing.