I’m starting to see quite a few analysts urging people to chase the metals right here. They missed the beginning of the bull, and are now trying to make up for it by chasing gold and silver late in the intermediate cycle.
They are trying to convince traders that there will be no correction, or that any correction will be mild. I’ve seen this many times in the past. But I’m going to again urge caution. The baby bull is in the final phase where he destroys the portfolios of the shorts and panics longs into abandoning all common sense right before the first counter trend reaction.