On 3/2 I shared in a post that I was concerned that a stock market decline could have a large impact to Gold & Silver stocks (see post here)   Earlier this week I noted that Gold stocks were breaking key support (see post here)   In a different post, patterns in Gold were suggesting investors should be cautious (see post here)  Below is a long-term pattern in SLW that should be respected.


Game Plan…If long Silver stocks/SIL we are going to harvest.  Should Silver break key support, harvesting will be planned. 

Keep in mind due to Copper/FCX  breaking key support we are attempting to score on defense, with the purchase of SMN (2X inverse basic materials ETF) a couple of days ago.  

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past