Hey Jaiml,
I've placed GTC orders on both buy and sell side of my gold, silver, and mining stocks. It will be interesting to see how they play when Fed starts their rate hikes. The cost of borrowing will affect company earnings and the initial .25% hike may just be the catalyst for the move to bear market. Historically, when Fed begins to hike there is an average of 7 sequential...think I heard that on Bloomberg.
I read an article last evening in which the writer mentioned the current bull market has had a seven year run and a 200% upside. Expectation is that a bear market is soon to come (predicted at least the last 2 years). He mentioned though, that it would not be as aggressive as the last two since no overwhelming force to push market down. However, the article indicated the next bear market would pullback approximately 27% or so from current level.
If he's correct, and who knows....gold, silver, and materiels mining may just reward us:)
Best, Alton
