Bubble has burst I feel....we have waited long enough. The big push to move funds into precious metals, cryptocurrencies, and the mining industry has started however I feel there will be a massive suppression and manipulation first of precious metals in particular because they can. Smash the Silver price down as they did in 2008? Suppress Silver and Gold, run down and exit the mining sector to as low prices as they can and then start to move back into those areas once they feel they have hit the bottom. This is what they did prior to 2008 and we saw the money move into these areas throughout 2009 and it lasted around three years (gold, silver and mining) until the end of 2011 and the massive QE and helicopter money started to take effect and the bubble got bigger as we all know. What signs do you expect to see this time around? Are you seeing any signs yet in 2017? Do you see gold and silver on the downward slide for the above mentioned purpose as they pump up the perception of stock market strength in the media (Dow Jones etc).
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Miners have been getting killed...however they bounced back this afternoon before the close...hopefully a run up in the short term. I have been putting a little into Bitcoin lately and storing it on a paper wallet...just one of those investments where I add a little at a time and let it sit.
I read somewhere today about an ETF in regard to mining stocks. Found the article. http://www.24hgold.com/english/news-gold-silver-eric-sprott-warns-of-major-sell-off-in-gold-mining-stocks-as-top-etf-is-forced-to-rebalance-holdings-huge-profits-to-follow.aspx?article=10856776190H11690&redirect=false&contributor=Mac+Slavo&mk=1
I saw this video...these ETF's really move the market when they re-balance...I picked up some First Majestic shares this morning because they are being placed back into GDXJ.
It pays to keep you eye on this type of information that is for sure. Smart game!