If it does come down I am buying more call options. I just don't see a big correction coming. Of course it will have a week or two of it coming down $2 or consolidating but I can't imagine a pull back any greater. You can smell economic disaster in the air. Did anyone read how some EBT cards did not get filled and they still have zero balances on them? In some cases these food stamp recipients are eight days past due on their benefits. A sign of things to come. Back in the 30's they had soup lines. Because of the food stamp program there is no soup lines. What are all these people going to do if they continue to wait for their benefits? What will happen to all these people who need the gov. to take care of them can't get any benefits because we are out of money? This is not good. Sure there maybe a pullback but don't expect a big one. This country is in deep financial trouble. Do you think people in Venezuela wished they owned gold or silver? I bet those who did are doing better than those who didn't.
1) For the last 5 years,there has been an orchestrated naked short collapse of the miners,achieved by the Powers in wall street,while govt watchdog looks the other way, that almost destroyed the mining sector.
2) the latest bottom that held in mid January has made a huge rally,in a straight line with virtually no pullback, the kind of rally that we havent seen in 6 years... Such a shocking rally, unlike any of the swing waves we've been watching in these 6 years.
maybe this does mean the down trend is reversing here...but it cant be confirmed until after the next major pullback.
...and now,on the chart, we reach the weekly 200ma Where will it go from here is my question.
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