This was a volatile week to say the least but in a bull market this should be expected, especially after the metals essentially went straight up from March through early September. The mining equities sold off far more heavily and are trading with implied gold prices around $1,550-$1,625/oz. (depending on the company). If you learn to embrace these violent pullbacks, your returns could higher. For example, had you taken some profits in August or so, you would have been able to buy back the same companies today but get more shares. That is one strategy, with another being sit tight! If you can block out all the noise and understand why you bought precious metals and the underlying mining companies, this will be a much more enjoyable ride. As expected, with the metals getting smashed this week, especially silver, most companies likely held back news they would have otherwise released. Waiting for better market conditions increases the likelihood the market will react positively to a given piece of news. This could explain why this week's news was so light.
Note: Please be Sure to sign up for our free email list @ http://www.goldseeker.com. You can also give our subscription services a test run with a free 30-day trial.
$RZZ.V, $BCM.V, $BSR.V, $BTR.V, $FFOX.V, $GGD.TO, $GBR.V, $HL, $MMX, $MGG.V, $OMM.V
https://goldseek.com/article/gold-seeker-report-32-week-mining-much-needed-healthy-correction
Chief Mining Analyst with SilverSeek & GoldSeek. Previously he was the Senior Mining Equity and Economic Analysis at The Morgan Report. He was a Co-Founder and Director of Lemuria Royalties, before it was acquired in March 2018. He also co-authored The Silver Manifesto with David Morgan in 2015.
Legal Notice / Disclaimer: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. SilverSeek.com, Silver Seek LLC have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; SilverSeek.com, Silver Seek LLC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of SilverSeek.com, Silver Seek LLC only and are subject to change without notice. SilverSeek.com, Silver Seek LLC assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto. The company is may or may not be a sponsor of this, or any other related, websites. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction. Please see our full disclosure statements for more information.
