Dont sell low and buy high "A bull market climbs a wall of worry and a bear market descends a slope of hope''.
When valuations get crammed down, like in PM companies at the moment, that is the time to BUY. Its the time to be brave, tune out the talking heads, and having done your DD, buy bargains.
Anyone remember what a delight it was to pick up stock in Dec. 2008 or Dec. 2011? I do.
Silver is climbing, breaking out even. The next 2 months will bring us
1. Basel 111 with gold as a tier 1 asset (for Europe and China even if the US is stalling)
2. The end of Twist and more unsterilized Treasury buying (Q4) to accompany current MBS buying (Q3)
3. the fiscal cliff which should be accompanyied by another US bond downgrade
4. More physical silver support from another Sprott PSLV allocation.
Nothing is certain, but dang, this sure looks like a good time to buy. Why wait til silver's cresting $40 and you're being reassured by BNN pundits. Carpe Diem, already.