Buying in a Bear Market

Even in bear markets there will be buying opportunities. This is so not only because bear markets produce spectacularly tradable rallies, but because they all end at some point. It was with this in mind that we pored over the charts of, for one, Silver Wheaton, a stock for which I’d written an epitaph of sorts in a recent Rick’s Picks tout. Lo, amidst a long dirge that by now will have frustrated many bulls, there is a buying opportunity taking shape just below current levels. Similarly, although the Aussie dollar looks bearish at the moment, 97 cents on the U.S. dollar may be as low as it wants to go. Check out this recording if you’re interested in either — or in Comex Gold, which we looked at in exhaustive detail.