Precious metals have been stinking up the joint since the year 2011. That’s pretty pathetic when you consider how every other asset, from kitty litter to Dogecoin, has thrived in that same timespan. As I was looking at the junior miners (GDXJ) I thought, hey, maybe that’s primed for a hearty bounce, considering where it is at relatively to its trendline.
But, ya know, I went through my entire Miners watch list, and there ain’t nothin’ I’d want. Yeah, GDXJ might bounce higher for a few days, but as I look at the dreadful condition of silver……….
……and of gold, even if the most generous multi-decade time horizon…….
………they just seem too dang busted to me. I’m not touching any of it.
There’s nothing I’d want to go long now. It’s a bit of a drab trading environment at the moment, but I think it’s only going to be a matter of days, or a week at the very most, before things get exhilarating once more.
