Loading ...The guy just can’t admit he’s been wrong.
Dear Silverngold,
I’ve been pounding my fist on the table all year long: Do not buy gold or silver I warned repeatedly. Or even miners. If this is the beginning of their new bull markets, I said, they would be deeply retraced, hold important support levels, and then that would be the time to buy …
Then everyone else jumped in with little or no patience, or were egged on by inexperienced analysts and traders. And now, they’re starting to spill blood like crazy.
Thus far, silver has crashed from a high of $21.22 (September futures) to as low as $18.37 as I pen this column, a whopping 13.45% loss in less than two months. Gold has shed far less, but nearly 5% in roughly the same time period.