I'd like to know what you guys think will happen to mining stocks when the next leg of this bear market hits and the Dow goes to 15000 ?
They will get crushed
Take a look at the price action of your favorites during the 1st Q correction relative to your index of choice. That should give you an idea of whats possible.
Flash crash with a faster recovery than anything else. Same as what happened in March.
It's a gift from the trading gods if it happens. Buy with both hands.
When that happens, 99% of investors panic and everything goes down, even PM's.
I agree with Deadfieldrocktor. Don't make the mistake to sell as I think recovery of PM's will be a lot faster than march.
It's awkward when it happens but I think the reason pm stocks aren't rising at the moment is bc the 'expected' crash hasn't happened yet. We're more or less all waiting for it..not daring to buy more, at the same time not daring to stay on the side lines fearing the train might still leave suddenly without a crash.
I was lucky to have a few put options in march. That makes it a lot easier staying of the sell button.