Worried about the action in gold, silver and the mining stocks? Look at this interview with the always brilliant Tavi Costa!
March 21 (King World News) – Eric King: “The price of gold ran up almost $4,000 from $1,600+ to $5,600, and of course silver took off from about $30 and hit $120 and it’s been pulling back here.
Long-term, our price targets are so much higher than what we are seeing quoted today, Tavi, but for people that are frustrated what do you say to them in a situation like this? What do you say to someone who is frustrated with how the miners have cratered on the downside in a very exaggerated manner (XAU has plunged from 470 to 328) and the way the gold and silver prices have traded?”
Tavi Costa: “Days like these last few days are never easy because you are testing your conviction, but personally these are the moments that I value the most as an investor. And when your thesis plays out it feels great, but it’s also wonderful when you get the opportunity to add to positions that are at very discounted prices. I don’t like losing money but that’s just part of the game.
And in many ways real wealth is built by adding thoughtfully during periods of corrections. I think that’s likely the case here. I’m starting to think that gold looks…for anyone who is frustrated by the takedown in the gold and silver markets, listen to Tavi Costa discuss where we go from here as well as what he is doing with his own money right now by CLICKING HERE OR ON THE IMAGE BELOW.
Gold & Silver Takedown!
To listen to Alasdair Macleod discuss the massive takedown in the gold and silver markets this week as well as what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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