I like big dips and I cannot lie. Especially when they show up in a bull market. Take a look at this chart.…
@TheGoldAdvisor · · 3 upvotes · 0 replies
I like big dips and I cannot lie. Especially when they show up in a bull market. Take a look at this chart. In 2008, gold fell nearly 30% and gold stocks got crushed, dropping 71%. In 2020, gold fell 28.7% and GDX dropped 57.3%. Today? Gold is down 24%. GDX is down 35.5%. That doesn’t make the current selloff fun. But it does make it familiar. I’ve been through enough cycles to know that some of the best opportunities show up when investors are convinced the sky is falling. So what am I doing? I’m not panicking. I’m not dumping quality companies. And I’m certainly not ignoring my buy list. I’m looking for bargains. Because when this correction ends — and history says it eventually will — the stocks bought during periods of maximum pessimism are often the ones that deliver the biggest gains. For more insights on gold, silver, and mining stocks, subscribe to The Gold Advisor. It’s free. https://thegoldadvisor.com/registration/ https://youtube.com/shorts/3QEr4sI37KQ?si=n