Long term 95% of the miners that don't go belly up in this current environment will make new 5 year highs and reach higher in some cases in the next 2 years.
BUT they will go lower as in every panic, which I called btw, and then EXPLODE.
Load this weakness for long term.
I think where things tend to get confusing is when I'm on this board I refer to the miners and ppl can take that as this etf in particular.. I actually should be more spec going forward because I can see how that could be interpreted wrong.
Now I will admit I didn't think the miners would fall this dramatically before this virus was introduced as the catalyst by the talking heads, but things change. Forgive me for not being 100% perfect.
Really I think this virus is the excuse central banks and gov't around the world are using to deflate the bubbles and distract as they grab power.
I am very bullish on $NUGT and $JNUG just not this month.(Thinking much longer term) In fact, I think they will go straight up eventually as I have said multiple times.(After the next panic)
I also didn't think the bubble would pop due to a virus, but here we are. This virus is causing gov't to force companies to shut down mines.
Trade accordingly and honestly wish glty.
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