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Sunday, June 12, 2016 11:08:27 AM
First of all It seems like you are afraid of buying more before the miners correct. You are placing all your analysis on charts. Charts have been very useful in the past. However, in this case I'm not looking at charts. First question you need to ask yourself is, how high will gold and silver be at the end of the year? Second question to ask yourself, where will gold and silver be after Great Britain leaves the EU? And what countries will follow? Next question, what will gold and silver do after the next horrible jobs report and GDP report? Then ask yourself will the fed lower rates back to zero to prevent a market crash before the election to try and get Hillary elected? If you believe as I do that gold will close above $1500 and silver above $22 by the end of the year then figure out what AG will be selling at. I actually think gold will break $1600 and silver near $30 but I want to be conservative. Last quarter they sold silver at $15.08 an ounce. What will their earnings per share be with $22 silver and $1500 gold? If you are concerned about a correction in the miners just buy the physical metal. These miners are not going to have a big correction. I don't care what a chart tells me. Too much buying around the world. Now Europeans are buying because of the Brexit. I myself am not looking at the short term. I am looking at what my investments in the metals will be at the end of the year and then re-evaluate and see what I want to do.
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