Afternoon action in the metals suggest that we may be at the bottom of this downdraft now. Focus has shifted to other sectors and volumes are stabilizing. SO, to put my money where my mouth is, I just went in on some paper PM vehicles, PSLV, PHYS and miners ETFs GDX and GDXJ. Continuing to hold Tinka and North Country Gold as speculative plays. Not selling one ounce of physical and in fact buying.
The last plays of the great US/World economic Ponzi experiment will happen very fast. The short term market is highly volatile, wanted to be long going into the weekend on all possible flights to safety. Also looking for an entry point to start shorting small cap equities. The sell in May crowd could get pushed at any moment. Find your exit buddy!
No comments:
Post a Comment