Is The Multi-Month Consolidation In Gold, Silver and The Miners Ending? (NYSEARCA:GLD, NYSEARCA:SLV, NYSEARCA:AGQ, NYSEARCA:SIL, NYSEARCA:GDX) | ETF DAILY NEWS
Jeb Handwerger: We are encountering storms in the market rarely seen. The volatility has affected many mining equities with many high quality assets selling at record low prices. Portfolios have rarely seen such see saw price activity as they have this year. Sacrosanct rules are simply not working. The markets are thwarting and aborting attempts to use time tested approaches.
The great Scottish Poet Robert Burns described the current market by writing, “the best made plans of mice and men go oft astray.” He also observed “alas in this world there is more offal than poetry.” But poetry hardly pays and compost does.