As others with notable success reading the tea leaves have stated, this is a BMR. That has been my position.<\/p>\n
I will be a tad more specific. Its an ABC correction (off recent lows) within a downtrend that has a LONG way to go.
\nThe risk is NOT with a general market crash, taking PMs with it. Not yet.<\/p>\n
To anyone thinking that now might be a good time to load the boat, I would say this.
\nNot if you are a long term investor, unless you can ride out lower lows.
\nI have no way to KNOW how deep we go, ultimately. I will have clearer views on that when the larger STRUCTURE nears completion.
\nWe’re not close, at least in time.<\/p>\n
For traders … I have nothing saying this b wave decline (off the highs near GDX 50dma) is done.
\nBut c up will be enticing. That’s its job, to lure you back in. GOOD LUCK.
\nYou can try your hand at it, but expect to lose your head (again) if you overstay. <\/p>\n","protected":false},"excerpt":{"rendered":"
As others with notable success reading the tea leaves have stated, this is a BMR. That has been my position. I will be a tad more specific. Its an ABC correction (off recent lows) within a downtrend that has a … Continue reading