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imo now is not the time to be buying precious metal stocks. US dollar looks like it wants to stop the bleeding at least for a bit. euro down, swiss franc down, yen down, gold down, silver down, platinum down, palladium down. everything is kinda pointing to a relative top for the short term.the line of least resistance for precious metal producers are down.
anyways be nimble and stay disciplined guys cause one thing we can count on to continue is the volatility. for those of you who buy and hold/longterm investors, now isnt a bad time to review your portfolio maybe trim a few losers/lock in profits here and there and sell into this strength and stay safe in cash till this blows over. dont get excited over these 400 point up days cause they mean shit in the long run. the biggest one day gains are usually experienced during bear markets just like after the tech bubble. seems like the market just takes 1 step forward and 3 steps back.. sigh
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