It’s natural for PM prices to rise and fall in their journey in this bull market. Whereas Jim Rogers says every day is a good day to buy PM, we can certainly improve our returns by exercising discipline and holding off when prices diverge sharply from the 200dma. We’ve been discussing the parabolic rise of gold in these forums, and some of us agreed we should wait to get in. I’ve never heard Rogers say we should wait to get in. Neither did Schiff.
Between reading Zeal and Chris J’s blog, this week’s correction was anticipated. I am awaiting a good time to make a purchase.