Here’s a look at this morning’s top performing ETF’s. ANyone thinking about a dip buy in the metals?
Joined Jan 27, 2008
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Yea, I almost did yesterday but thankfully held off. Now they have that “broken elevator” feel to them…so I’ll probably keep looking for better/more reliable ideas.
There is nothing that can correct as PMs , absolutely nothing …
only traders who deal with it 15+ years know that though … somewhat makes it for perfect storm
So you are the buyer here ? or which point you will be the buyer, like GLD157ish ? Thanks Mr.P.
when trend reverses … forget about price targets… you don’t want to be a bottom sicker with PMs ever … casino has better odds for me
when PM correct it is not about the severity of correction but about time frame… what I am trying to say it can take sometime to reverse.. we will have multiple oversold rallies though and cowboys will always try to nail them..
Thanks Mr.P. For the long term, do you still think gold will make new high?
Yes it will – but don’t think it terms of days or weeks, more like months or years
Thanks Mr.P. Yes, for me years long. Hope you and your family have a wonderful holiday season. I can not spend the X’mas in Victoria this year : ( Beautiful up there,
I’ll probably venture into SLV if this keeps up. $80 billion a month says silver is undervalued here…
bot a little nugt, just on a wild ass guess. But it seems pretty low here.
Time to buy (PM stocks) will be when the actual metal gets crushed and you see the actual PM stocks unchanged to up (and watch NEM to lead in this regard via GDX).
That being said watch 12/31 around mid-AM for a quick buy and then dump them just before the market closes.
I have seen this before-tax loss selling will be done and there could be a nice short covering rally.
Short The Polls!
The strong will eat the weak.
Looking for a buy out offer
to be put on the table for EXK.
Thats just me…..well many are
thinking the same.Time will tell.