RE:RE:RE:Silver breaking out, really?????....Yes, one must always have an exit point in mind when taking a position. 2011's highs are a decent proxy for where we are heading, but things have gotten so much worse financially that I think we may shoot well past 2011's highs. Back in 2011, you wanted to get off the First Majestic train around $25, but fast forward 10 years and maybe that exit should be $35 or even much higher.
Interesting times we are living in. When the 2011 bull in metals ended the general economy was perking up after the Great Recession. Now, we may be in a position where the general economy is in the tank, so why would anyone exit out of the precious metals and if they did, where would they even go?! At some juncture in the future we'll be at another inflection point where the metals aren't going to push higher and the general market won't go much lower. A key metric to look at is the gold:DOW ratio. If we get anywhere near 1980's 1:1 you will want to exit the metals and cycle into general stocks. We are a long way from that right now though....