Loading ...Here I was feeling sorry for self since I have only been back in the markets a few months. I went into shock when looking at the prices of PM stocks and had to grit my teeth while nibbling at a few of them at near 52 week highs. Thankfully, I held back most of my cash, just in case we got a correction. So I nibbled a bit more today. I figured the rest of you had enjoyed the 500% run up in the stocks this year and were sitting on a comfortable cushion and feeling little or no pain.
I doubt this slap down last very long. In fact, this has been so bizarre, something tells me the Fed is front running the Yellen speech for some reason known only to them. ?? By friday or monday we should have our answer. The thing that puzzles me the most at the moment is the lack of follow through during the overnight Asia trading. I am a bit surprised they are not going bonkers over these cheap prices courtesy of Crimex. In fact, that is a much bigger mystery than what Yellen has to say. Finding it very strange indeed.
We watch, and wait, and do a little fishing as we can.