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- Jul 13, 2007
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Seems that more and more people are calling for a near-term correction. The term "mature-market" is being thrown around, by people who are usually cheerleaders for the market. This bull-run within a secular bear has just about run out of steam, and the debt crisis is just what it will take for it to be pushed over the edge.
Unfortunately, an overall market crash will take mining stocks with it. Gold and silver will also be hit, as people will need to raise cash. If someone is fully invested, is it time to take some profits so that you have cash waiting to buy back in after the crash?
One article:
Unfortunately, an overall market crash will take mining stocks with it. Gold and silver will also be hit, as people will need to raise cash. If someone is fully invested, is it time to take some profits so that you have cash waiting to buy back in after the crash?
One article:
Certain silver stocks appear to be poised to drop after recent gains, as they now are trading at overbought levels. It's not likely that the United States will default, and if this potential crisis is averted, a swift correction could take place in precious metals and mining stocks. Even if there is a default, the economy could go into a double dip recession and that would likely reduce industrial demand for silver, so it might make sense to take some profits now regardless of what happens.
http://seekingalpha.com/article/282...that-could-move-sharply-lower-with-no-default