GIM Hall Of Fame
- Mar 30, 2010
- Reaction score
I think we are at or close to a bottom or we decline much more than all the just one more flush guys have been waiting for. We'll know fairly shortly. GDX under cutting the previous lows around 30 probably not a big deal if you consider what Bitcoin did recently under cutting the 30K low and breaking to 28K.
Watching PSLV for clues. $7 is critical.
If the market flush out is epic and sucks all down with it then yeah. If it's a grinder then most of the metals selling has to have been done. Maybe a short knee jerk on a sharp correction, the point at which no one is sure what is happening. I tend toward the idea that the majority of selling has been done and while we might see lower prices there will be small volume down there. I don't think anything is a solid bet here... hedgy,hedgy...