Adding to my positions
July 9, 2019
On this pullback, I will be adding to my mining stocks. Specifically, I will add to the SILJ etf for silver miners, and also stocks like McEwen Mining (MUX), as it has pulled back substantially from recent highs, 13.5% to be exact.
Ideally, I prefer to buy SILJ when the stochastics get oversold, but with a down open this morning, it is close enough. I like how it stays above it’s 200 MA lately, a good sign, but even if it drops below like MUX, I still want to own it as the trend in miners and gold are now up. We are adding to winning positions into their corrections, just how we want it.