Transient Fears are Not PermanentIf it wasn't clear last march when precious metals sold off with everything else after today it should be clear that precious metals mining stocks are not immune from transient fears that affect the markets.
Imminent covid inspired economic slowdown, US election fears...and so on. SCZ sold off with every other stock market sector this week.
So, while next year silver should live in the 30s any turmoil effecting the markets will strike precious metals miners.
SCZ remains a great investment. Precious metals will be one of the few profitable market sectors next year.
Remember, no matter who wins the election more money printing 'stimulus' is on the way, bringing inflation with it...making paramount precious metals stocks..
Though not for the faint of heart I suppose this is another 'opportunity' to buy. Regardless, strap on your seatbelts and enjoy the sh*t show to come with US election results.
Cheers.