On average, bull market cycles last 18-20 years. We are only 9 years into the precious metals bull market cycle. Historically, the most spectacular price gains occur in the latter stages of a bull cycle (think: stocks, 1981 – 2001; housing 1991 – 2007).
Those of you/us who are willing to spend the time learning about, researching, investing in and trading the precious metals market will know what to look for when it is time to sell. Until then, as per Jim Sinclair’s perfect advice: “never trade your core 2/3’s position, always buy ‘fishing line’ sell-offs (like Thursday’s) and take profits on ‘rhino horn’ price rallies.”
Have a great holiday weekend.