07-28-2020, 09:31 AM
(07-28-2020, 08:27 AM)fenders53 Wrote: Hold that thought on Gold and Silver. You weren't wrong to avoid it the past few weeks. We got lucky and it broke out FINALLY. It will consolidate soon enough. I do happen to believe it is VERY crash resistant for the foreseeable future. At some point silver gets sketchy as it's an industrial metal and the market can be flooded with physical silver. You know the miners are digging as fast as they can nI think gold and Silver and the stay at home stocks are the place to be heading into 2021. I already own KL, AEM, GOLD, WPM, NEM and GLD. So I'm in gold pretty heavy. However if we do get a pullback I will add.
Look at MMM. That should give you a indication of what stocks will look like going forward. No guidance, and gloom on the outlook.
MO is a also a good place to hide. Tech too pricey but a good add on significant pullback.