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written by reader Thoughts from Myron—Buyable Dip As The Market Roller Coaster Ride Continues

By takeprofits, November 21, 2015

[Ed Note: Myron Martin writes for the Irregulars primarily about junior miners. As always, he has agreed to our trading restrictions, chooses his own topics and his words are his own. Myron is Canadian, and most of the prices and dollar amounts cited are in Canadian dollars unless otherwise noted. Enjoy!]

With 4 months’ accumulation of data, there will be a lot of homework to catch up on what has happened in the market. Before you read this new column you should check out this essay by Guy Christopher, “Seven Lies Told (and believed) About Gold”. It will set the stage for the profiled stocks and perhaps allay some fear about investing in the precious metals sector.

Dr. Steve Sjuggerud has been a mentor for decades even though we have never met personally. Steve has a stellar track record in calling market turns and we agree on the current one, but I have you covered, you don’t need his pricey service as advertised. Steve Sjuggerud has committed $100,000 of his own money to buying precious metals miners because he believes as I do that the sector is ready to pop in the near term.

ARE YOU PANICKING YET? I hope not, but many investors are, triggering a world-wide market selloff. These past several months have been quite a roller-coaster ride, but my previous column’s title of “Turning Point on the Horizon” has certainly been vindicated in spades. Initial confirmation came one month – 6 weeks after publication when my CIBC Alerts service showed ten breakout stocks, and guess what? Every one of them was a precious metals stock; seven were stocks I own and the other three were on my buy list awaiting available capital. To grasp how remarkable this is you need to know that the precious metals sector constitutes at most a couple per cent of the entire market. But there was more to come. The following week over just 2 days, there were a total of 28 precious metals stocks in the three CIBC reports: Breakouts, Percentage Increase and VOLUME. Some were duplicates appearing in 2 or even 3 of the lists and of the 28 different stocks, I had 18 in my portfolio and was familiar with the other ten.

None took me by surprise and naturally I had taken advantage of beaten down prices on days when the market tanked. My specialty, as long-time readers know, is identifying the most promising ...

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