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Bob Hoye: Beware of Gold & Silver Pullbacks Coming Soon

Financial Survival Network, Released on 8/10/20

Cyclical credit contraction. Stock market is vulernable to a downturn that no one sees coming. Going into the fall you can have a much more severe correction, especially the NY Market. Don’t use the Wuhan Flu to make any investing decisions, both long or short. The liquidity events could be very severe and substantial. Where we’re getting huge excesses in Silver, we’re getting very high excesses in the US Dollar’s decline. We’re in a very lengthy expansion and bull market in metals which will raise prices of majors, medium sized companies and explorers. When a discovery is made, you’re rapidly building an asset. But be prepared for the inevitable pullback, so take so money off the table and get ready for the next upside move.

Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.

One Response to Bob Hoye: Beware of Gold & Silver Pullbacks Coming Soon

  1. Perimetr Reply

    08/10/2020 at 7:50 pm

    Silver pulled back for a few days from $29 to $24 and how long did it take to get back to $29? Sure, the traders and hedge funds that make some quick short term profits are going to take them off the table, but I have been averaging in for many years now. This is the end game, we are entering into a final stage of currency collapse and the creation of digital dollars is only going to continue to accelerate. You should be telling people to buy the dips rather than to beware

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