SIL Miners ETF (SIL)

[tootalljones]

Hi Willie, here is what we know as best we can in any speculation:

Today gold is up around 11 bucks, but the proxy for gold stocks, GDXJ, has barely budged, up a lousy cents as I type. GDXJ is comprised of mid tier producers and developmental companies above the pure explorer levels.

If this were a good time to buy, you would see GDXJ up at least 50 cents.

For instance, 2 months ago there were days when GDXJ was up at least 50 cents on such a big gold move, but not today, so we are in a retracement here.

I am looking to take a sizeable position the next step down. REmember however, or so they say, in bull markets the pullbacks are sharp but brief, so perhaps it is best to simply put up some GTC orders. I am gonna take my odnw advice and just throw stuff out there closer to 37.

If the wave comes down it will grab me. I don't think a 4 month wave higher, breaking out of the 3 yr trading range, retraces fully in just a week, but who knows...Sentiment in this sector is still wildly bullish and long, never a good time to buy.

The next step down will really hit people in the chops, so that is good time..

If it happens, it happens. I always lose when I chase.

on this, GDX, SILJ and SIL....throw them out there and play golf.
The core assumption here is we are in a gold bull market, an assumption that has been proven false for the past 7 yrs of this Precious Metals bear market.

ps: I see Citi just said in 2 years gold will be at 2000, which is a triple in gdxj and a 2.5 in gdx from today's price.
who knows...........

history in every bull or bear pm market says silver will wildlly outperform gold no exceptions. This means sil and silj will outperform even gdxj