Loading ...but a violent selloff like this is exactly what we needed. The more violent, the sooner we rebound. I’m thinking this is just the first of a few more to come. I know in the 70’s and 1980, the swings were monstrous on their way to $800. Heck, they saw $200 swings. This is really nothing, unless it goes on for a while, but I’m not sure it will. When we start having $500 swings, we’ll know we are getting close to the end.
I might add, if you look at the chart of GLD, there has been a down move like this every 4-7 days all the way up since this really got going in September. The SLV and HUI are somewhat similar.
Every time since then this has been bought and moved much higher
It’s a given that I’m not at all right in the head, but just my two cents. 🙂