The charts are looking like we could see a larger pullback than I thought possible at this point in time, and with all the political uncertainty we have going on in the world right now it should be the opposite!
It's starting to look like they are going to shake the weak hands out of the gold and silver market and make the almighty dollar look good going into the election. I have to admit that I thought that the Dems had a trick up their sleeve to crash the stock market to make Trump look bad, I guess so far I'm wrong!
If a trade war with China and a global pandemic can't bring it down, then nothing will, right?
I look at the price of the metals all the time, but I really value it in ounces and what they will buy. If you look back in time it is the best way to protect your savings. Being that I look at physical gold and silver as savings the day to day swings in price mean nothing anymore.
I will use my dry powder to buy more ounces and boost my savings. If the spot price drops so far that the premiums rise faster, I will buy the miners to get leverage on the fake price.
If anyone has any ideas on how to best protect you savings other than the precious metals please let me know in the comments below.
