What To Believe?

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. 

Disclosure: None.

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Gary Tanashian 7 years ago Contributor's comment

I am a 'brief bounce' camper too. But the PMs are in the mirror to a US stock market entering blow off mode. PMs will get croaked and then... 2017 contrarian opportunity.

Gary Tanashian 7 years ago Contributor's comment

Part of that opp. will be to fade or short the Trump bull market too. It's a return of trickle down economics? Well, Reagan came in after a bear. That's not the case for Trump.