Time to Buy Precious Metals Now...
|By Jordan Roy-Byrne, CMT|
Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears the mining stocks will bottom quite a bit lower than we thought two months ago and even five months ago. Three weeks ago we noted that a potential final bottom was on the way. After beating around the bush we are ready to say that now is the time to begin buying and we’ll show you why.
Jordan is one of my fave 'technicians' in the PM market space. His timing is usually right on the money. Jim Sinclair
and others have also been writing about a big move for gold and silver this spring. Time to start buying.