Correction Is Here
April 30, 2024
Being metals and miners are in a bull market, as by the weekly charts’ (not shown here) week moving averages trending higher, I will look to add to positions as they pull back to their 10 WK MAs. Below is a daily chart with the zone between the two horizontal trend lines showing where I will be ready to add to PSLV (the Sprott physical silver etf), while the 10 WK MA is also in that range at $8.72 this week. PSLV and the miners have been rising so quickly that the 10 WK MAs are trending steeply higher, so next week I will adjust my entry prices to higher levels, likely in the area of $8.84 or so. Until then, we sit tight and watch how well metals and miners hold up overall, its been a fantastic run and there is a lot more to come.
