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The Mining Stocks are still showing strength as the HUI index closes in on the next "BULL" target of 334.96 since leaving the "battleground" of the 312.97 levels.
The miners showed considerable strength given that today both gold and silver too a bit of a haircut today.
Silver actually put in an outside bar to the downside which by any measure is a "caution flag".
The markets are closed for the Easter holiday so we will have to wait until Monday to discover whether the bulls can manage a rally to 334.96 or will that outside bar to the downside in silver signal a failed rally???????? For more information read prior post now three weeks old: Gold and Silver and HUI Index
Alright so here is the deal and a little bit of a "rebel rant"!
I suspended temporarily my weekly coin store run due to a reallocation of funds. Look I had been spending around $25-30 per week at the coin store HOWEVER, dire times call for dire measures. Rather than stacking silver, for the past few weeks I have been stacking meat, canned foods and gardening supplies. The way these SOBs are running this joint a hamburger might cost $50 soon enough.
I can't eat the silver. Well, I guess I could swallow a dime or two but I don't believe it would be very nourishing. Either which way, FOOD takes priority.
Peace out and stack on!
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Have a Happy Easter!
(These Tulips are called "King's Blood")
The premiums on silver has come down. For a while it was too expensive. That is true, indeed food takes priority. I have not bought any silver for a few months. Im waiting for spot price to be cheaper !
Exactly @handofzara , I have been replacing old appliances, stocking tined food and long term food, stocking veggie seed, some extra clothes , batteries, etc on top of stacking.