RE: US Stocks and ETFs - Watchlist and Discussion
(2019-08-17, 11:16 AM)isatrader Wrote: So what i'm saying is be aware of what the broad market is doing as well as gold and silver, as during the initial part of a pullback in the broad market. Everything tends to get hit. What you want to see is if the stocks you are watching recover quickly and hold up well under the market pressure. As then they might be a good position to consider buying as the market pressure subsides, and the weak holders have been flushed out.
Thank you. So you'd consider the gold and silver miners against the whole market, not just against those metals then? I've been ignoring the wider market for these particular miners. However, you've been around longer and done better than I.
I notices that gold and silver recently paused before making a continuation. However, the miners have paused and even dropped back some, as others have noted, but generally not made the continuation move. So I wonder if this is a posative correlation with the broader market, e.g. general lack of money flowing into all stocks / flowing out, or a negative correlation, people are waiting to see if the broader market falls more before buying miners?