first majestic silver

Risk Is High In Stocks Reward Is High In Metals

July 3, 2023

Right now we've got a perfect example of the mistake that most investors make in that they become emotional, or their decisions are emotionally driven. The stock market has been in a major rally and I believe this is week 15 which means that this intermediate cycle is getting very mature.

If people could think logically when you get late in an intermediate cycle you want to be thinking about taking profits, not jumping on the rally assuming that it's going to just continue forever. I've shown in some previous videos how this has played out in metals where traders become very fearful of missing any more of the rally and they end up buying at the top of the rally, and what people should be doing, is when a rally gets mature like this, this is where you you want to be taking profits, and looking for a market that that has not started to rally yet.

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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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