I find it interesting that the miners started making some significant moves up while the metals were flat or falling. Do the miners know something? Remember a few weeks ago when the metals were going up...and the miners were flat and/or going down? I'm assuming the miners saw this pullback coming. Now I'm wondering if they see the price going up.
Also, I covered my Macy's short today. Anyone have any advice about getting back into this...another short position entry? I admit, I think I was lucky (Was a naked short). Nevertheless, I figured I'd start asking for opinions on stock trades and hopefully get some insight from Mannarino's Mobsters.
In fact, anyone have input on housing? Specifically BZH? Looks like a good short setting up...volume dropping fast.
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Mining stocks tend to be seasonal. Buying climbs late summer and selling in December. Does appear a renewed bull market is under and sometimes extend for years in the long cycles. Cryptos now flying off the shelf - mining shares maybe next. I'm adding to NAK AG and BTG.
PM mining stocks are undervalued and now is time for them to rise.
And now more than ever a buying oppurtunity in gold and silver! I believe we will never have the oppurtunity to get silver so cheap. As Greg Mannarino says, " The most undervalued asset in the world"
My analisis show that now is the same opportunity for gold & silver like in December last year.
I'm not sure what the future will hold, but I will say this. Gold has always been a source of money, and silver is not only as a monetary value but a metal highly used for industrial purposes. The paper asset may show the price to be down at below 20.00, but I still say let them pull it down and just keep grabbing all you can because one day will come and it will be a lot higher.... if available.