Those levels held support for a long time before they broke through the downside. Once we achieve and maintain that level on the upside, and once we build a base, we’ll start moving higher.
Then I think a lot of smart money that has left the sector will start coming back in. Once that volume picks up, then I think you’re going to see a lot more upside. But again it’s going to take time but if you know these things ahead of time--one of my favorite quotes is, “Chance favors the prepared mind.”
If you really think through what’s going on, fundamentally things haven’t changed. I mean they just announced Janet Yellen to take over from helicopter Ben. This is something that people should consider. She’s very much a dove, at least what she says. We wrote about her in The Morgan Report last month. Certainly most people are expecting easier and easier monetary policy out of the Fed for a while with her at the helm.
So again the fundamentals, to keep stressing.
Then I think a lot of smart money that has left the sector will start coming back in. Once that volume picks up, then I think you’re going to see a lot more upside. But again it’s going to take time but if you know these things ahead of time--one of my favorite quotes is, “Chance favors the prepared mind.”
If you really think through what’s going on, fundamentally things haven’t changed. I mean they just announced Janet Yellen to take over from helicopter Ben. This is something that people should consider. She’s very much a dove, at least what she says. We wrote about her in The Morgan Report last month. Certainly most people are expecting easier and easier monetary policy out of the Fed for a while with her at the helm.
So again the fundamentals, to keep stressing.
- David Morgan via Silverseek:
