Pan Am Silver is coming down to be Bought!
08/24/2016 Daily Commentary: Markets were down today after failing again at the 2194 high of last week. Looks like the S&P 500 is about to complete Wave 5 up, since the bounce off the Green Line in late June. After Wave 5 up is complete, the S&P 500 should drop down to test Support around 2130.
Gold Miners and Metals got hit hard today… Many are now on our “On Deck” Watch List Page (Investments with Money Wave Buys soon). The Strongest that hold above the Red Lines should bounce the best. We will email you when they are ready.
Alert! Market Risk High. The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
Next Home Runs or Doubles will probably NOT BE in STOCK OR BOND FUNDS… It will probably Inverse Funds or Commodity Funds. ( Coal, Copper, Gasoline, Oil, Steel, etc, but they don’t meet the Rules, yet).