Below is an important gold, silver and mining stock update.
Silver
June 10 (King World News) – Graddhy out of Sweden: Silver is breaking out on yearly from a 45-year bullish pattern.
SILJ here is breaking out of a 4-year bullish pattern.
KING WORLD NEWS NOTE: Silver Junior Miners Have Broken Out On The Upside
Life-changing gains are hard to accomplish, this is because the best market opportunities for it are few, and because it takes everything you have to do so.
Fortunes will be made. Getting out of the rat race will be doable. But you need to play it right.
When a bull resumes, it is vital to change mindset. One cannot play a bull with a bearish mindset. If you doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry, i.e. your own emotions. Most need help with this.
If you cannot grasp the new market environment, you will be hard-wired to sell as soon as you have a little profit since you will expect the sideways-down and big drops from the bear market to continue. And if you sell too soon, you will have messed up the great entry and opportunity, if you were able to pull the trigger at the very lows that is, which most cannot.
Mining Stocks On The Move
Graddhy out of Sweden: Many miners are up several 100% from their bear market lows.
But that is just the start. Fortunes will be made.
Using a line chart, one can often spot breakouts before they happen on a candlestick chart.
And, this one is breaking out.
KING WORLD NEWS NOTE: GDX Gold Mining Index Has Broken Out vs Gold. Look For Mining Stocks To Significantly Outperform Gold
Seeing many arguing that precious metal miners are no good just because for periods miners are lagging the metals. That is not very useful info, and repeating that endlessly shows one does not understand the miners, or big picture charting.
Just like with the metals, playing miners is all about timing.
Many are also worried that miners are not outperforming metals big yet. But it is not unusual for metals to take the lead up from big lows. And when the wall of worry really lets go, we will see 8-10% up days for GDX and 10-15% up days for SILJ.
The miners bull will evolve in stages. The third stage for miners up from 2022 lows started 5 months ago with the huge backtest for GDX, and are up big from there.
You Must Change Your Mindset
Graddhy out of Sweden: When a bull resumes, it is vital to change mindset. One cannot play a bull with a bearish mindset. If you doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry, i.e. your own emotions.
KING WORLD NEWS NOTE: Many Have Already Been Shaken Out Of The Gold Bull In Its Early Stages
JUST RELEASED! Shocking Silver Price Predictions
To hear the jaw-dropping silver price predictions that Nomi Prins just made CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the breakout in the silver market and much more CLICK HERE OR ON THE IMAGE BELOW.
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