All that has happened to the investment thesis with WRM is that the price of gold/silver got slammed last night in a long overdue correction. Everything else is the same.
How long this correction lasts is anyone's guess. My initial thought was that the dip would be bought quickly and the price would be punched nigher. But, thinking this through more, I think it might take a little longer for the big money to have their fun shorting, then getting on the other side to push it higher. Where else is their money going to go? Tourism - no, airlines - no, tech with nosebleed valuations - ok short term ..
Might be a bit choppy in the short term, but for numerous reasons precious metals are going higher over the long term.
GLTA
WRM Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
