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- Precious Metals And Mining Stocks Are Making Early Bull Breakaway Moves (What To Do Now)
Precious Metals And Mining Stocks Are Making Early Bull Breakaway Moves (What To Do Now)
Become A Better Trader And More Informed Investor
On Friday, the price of gold closed at an all-time high, and the price of silver ended the day at $31.26 an ounce. It went up over 4.50% that day. Both are now running away from people, even though this rally in them began back in late February. That's when silver was still trading below $26.00 an ounce, a resistance level that had held it down for almost two full years. Silver even stayed below $26 for most of March, giving people a few weeks to get in before it broke out.
And gold was trading below $2100.
Now those resistance levels are long gone and the rally is accelerating.
Here is a chart of silver.
I was banging the drum on buying gold, silver, and mining stocks back in March when silver was under $26, making nonstop Youtube videos trying to alert people to what was happening. Once silver smashed through $26, I figured my job was done doing that, making my last Youtube video on April 8.
I'm all about talking about good entry points and looking for them in great opportunities, instead of just telling people to chase something going up a lot, even though that is what gets the most Youtube views and clicks.
So, what does one do now?