"Everybody Ought to be Rich"
Raskob was very bullish in the stock market in the 1920s and gave an interview to Samuel Crowther for Ladies Home Journal in which he suggested every American could become wealthy by investing $15 per month in common stocks (at a time when average American's weekly salary was between $17 to $22). The article (entitled "Everybody Ought to be Rich") arrived at newsstands just two months before the Wall Street Crash of 1929. -- also known as the Budfox doctrine.
So lets get to the point of the post and that is the metal trade. You just had one hell of a run in some of the very big miners like Barrick signalling the big money is starting to buy. Many Juniors have had stealth bulls over the past two years like RIC, Claude Gold, and Shibano. Had you invested in them when they were 90% down, you would have already doubled or tripled your money. RIC is up 500% Claude gold 1000%, but I digress. Most miners are overbought on the daily and weekly and can get even more overbought. You just don't know how high they might take these slaughtered miners in the short term here. As I said many times before the bull move in this sector will not let you get on when it starts to move and it definitely has started to move.
Let's stick with reality here. You needed to buy Apple last year or Intel or Netflix......you'd be down 30-40% over the past year. Now that's what I call BUY AND HOLD in the greatest game ever!
So disregarding the smart move which was Jim Sinclair's recommendation of Getting Out of The System...GOTS... and getting into physical assets like farm land/gold/silver...one does have a chance now to get out of paper with a little paper money and CONvert to hard assets, but of course most that are still in the paper miner trades will not.
There are going to be some very difficult beatdowns coming for the miner trade, but an even bigger difficulty might be staying in the trade as it enters an epic final bull market. Good luck if you think you're good enough to trade it. You won't be. This run will have epic moves up and frightening moves down with every pundit alive telling you the trade is through. They'll shake you so hard you'll wish you had never seen this trade, so gl.