Precious metals present a conundrum at the moment. On the one hand, the metals themselves, such as silver, seem to be battered to a very “cheap” level.

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 On the other hand, as I’ve mentioned ad nauseum, the miners are positioned for a cataclysmic decline.

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I suppose, if I had to choose a side, I’d be in the “brief bounce” camp, since sentiment for precious metals is in the lower single digits. Longer-term, however, I think metals are pretty much hosed.