Q: Dear Peter et al:
I am NOT in a Panic mode....yet! Having been a long term subscriber, I KNOW "Time IN the market" is more important than "Timing the market"!
Also know that "pull backs" are NOT Crashes!
I have your favourites in Gold, FNV/AEM/WPM/AGI. ARIS in the Mid tier. Added Silver with Ag/PAAS/CDE. (Down now!) I was going to add your recent pick SVM. But before I could pull the trigger the sudden drop in Gold/Silver happened.
With this in mind, where do you see the new floor for Gold and Silver? 3600/40 respectively? Should one add or wait or sell?
Thanks as always.
I am NOT in a Panic mode....yet! Having been a long term subscriber, I KNOW "Time IN the market" is more important than "Timing the market"!
Also know that "pull backs" are NOT Crashes!
I have your favourites in Gold, FNV/AEM/WPM/AGI. ARIS in the Mid tier. Added Silver with Ag/PAAS/CDE. (Down now!) I was going to add your recent pick SVM. But before I could pull the trigger the sudden drop in Gold/Silver happened.
With this in mind, where do you see the new floor for Gold and Silver? 3600/40 respectively? Should one add or wait or sell?
Thanks as always.
5i Research Answer:
It might be a bit early for us to be too confident on this but it looks like $4,000 is forming for a bit of a level of support for gold. If this level holds or even something a bit lower, we think gold stocks will be fine with higher gold prices acting as a support for their fundamentals.