It’s 11:45 am EST and I see that the metals are flat. They’re not bouncing in price, but… the miners certainly are! This would indicate that yesterday’s selling was likely overdone,… BUT, if the metals don’t move back up, the miners will almost certainly get sold off some more in the near future, as others take advantage of a little price break due to the bounce.
I’ll update the timer, as I get data each day, and if it can get its indicators into a nice place, where the timer is saying that risk would appear to be all wrung out… I’m going to step up and become an aggressive buyer then!
Here’s to your accumulation of real wealth!
Harold F Crowell