One can’t know when the bottom is in but one can now when something is so cheap that a revaluation higher is a matter of when and not if. Many juniors are already priced like gold is at least $200 lower. I love that kind of margin of safety.
The pendulum always swings and things can turn on a dime. Selling near a bottom is the most costly mistake one can make. Personally I am buying everything because I have never seen so many no brainers at the same time.
One does not simply sell 6 months INTO a correction!
I will never forget 2015/2016:
In other news:
Another sign we’re nearing a bottom. Gold Miners Bullish Percent Index (BPGDM) fell to just 24.14% today, (down from 100% at Aug. top). Excluding very brief March 2020 mkt liquidity plunge, BPGDM lowest since May 2019. Following that low, gold up 22% GDX up 53% over next 3 months
— fred hickey (@htsfhickey) March 5, 2021