Warren Buffett just turned bullish on metals, via investing in GOLD (Barrick Gold). While I don’t suggest following his lead (buying close to the end of a wave 3), it is nice to see him interested in our sector. That alone could push money into the sector and bid up our SLV, PPLT, etc.
Buffett should have joined us on GLD, GDX and SLV. He’d have made far more money but I’m glad he’s at least in our sector now. But I don’t suggest following in his footsteps. It will have a wave 5 ahead of it, but we should reap much better percentages where we are at in metals with less risk.