Replies to post #5160 on Mining Sector Ideas

[gfp927z]

Surf, >> 3X <<

Yikes, not a good idea imo. The metals are crazy enough as it is. Trading is one thing, but using 2X / 3X turns it into a ultra high risk Derivative, what Buffett calls a --> 'Financial weapon of mass destruction'.

Just curious where you see the metals ultimately bottoming? Tough to say, but I'm thinking the 200 MAs are the obvious support target to watch. The miner ETFs are close, but still some downside to go for the bullion ETFs. Just a guess though.



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