Gold was very overbought last weeks ! The big miners indicated a correction .
Believe me , the gold bull is not over , this is just the beginning and we will see much higher prices in 2021 and 2022 !
I think this correction will be the last chance to buy gold and silver mines cheap .
I don`t know how long this correction will take .
Here my predictions :
I think the correction can take time until november . Dow Jones and S&P 500 are extremly overbought and overpriced .
Warren Buffet has almost 150 Billion Dollar cash on hand , because he only sold shares . I think he is an old fox .
If the the stock markets correct in the autumn , and there is a high probability, then gold and silver will probably do the same .
Gold will probably go back to 1750 Dollar . Maybe lower , but not much . Worst case 1650 i believe .
Silver to 21 Dollar , maybe to 20 Dollar . That would be comparable at the arca gold bugs to 250 - 260 points or the GDX at 32 to 33 points .
These could be the last possibilities to get the big miners or excellent explorers cheap , before the next storm to north will come . I have almost 20 positions ( you can see it on my page here ) which have all a big chance to move higher .
Most important is , not to sell the whole portfolio in a correction of a bullmarket . I will hold almost all and will do just small corrections in order to optimize my portfolio for the next run !!