This is a question for the ages.
Generally speaking, and not specifically about FVI, my feeling is that the 'bottom' will be evident anywhere from now until mid-summer.
The greenback is still king.... for now.
Being gold/silver bugs, we assume that rising inflation will result in PM price increases. Sadly, this is not the case, yet. While the dollar rules, and it does so at the moment, inflation will be held at bay by the fed in the form of interest rates increases. When interest rates rise, so does the dollar. As a result, stocks tumble and PMs decrease in value. It's been the nature of the beast since at least going back to when the US took the dollar off the gold gold standard(Think Nixon).
But.
Inflation has become stupid, and volatility permeates the markets. Even while we are traipsing toward the end of the fiat currency road, there is money to be made within the current framework. Tomorrow we have 3 major economic indicators coming up.
If inflation exceeds 4.9 and 6.9% AND consumer sentiment falls short, I predict that metals will take a tumble. If inflation numbers are high, speculators will anticipate an earlier rate hike and price that in to metals, and in turn, share prices for miners.
What we, the retailer, need to do is to be able to identify the moment just before that string that holds the greenback to inflation to PM pricing becomes so taut, that it snaps.
As soon as faith in the greenback fails, PMs will rise hard and fast to 1) act as a store of protecting one's wealth, 2) hedge against inflation
In my opinion, jumping in at any point now in a PM miner will pay dividends in the not-too-distant future (3 to 5 years). But man, it's oh so tempting to wait it out and buy 25% more shares with the same capital by waiting another month or two. Potentially.
After one or two rate increases I think the ensuing stress of doing so will test the greenback along with the faith that the global financial system has put into it.What do you say? Have we hit bottom? I think we have a ways to go.