Don’t Sweat the Selling Pressure: Buy Breakouts

From the Desk of Ian Culley @IanCulley

Investors are dropping gold and silver like they’re hot.

But don’t let the sellers push you toward the exit.

It might look ugly, but a corrective period following gold’s vertical rally to our initial target sounds about right.

Plus, three of our current long positions – Harmony $HMY, Wheaton $WPM, and Kinross $KGC – posted new 52-week highs Thursday. 

I expect the new highs list to expand as gold and silver work through overhead supply in the coming months.

Instead of sweating today’s selling pressure, I’m placing orders to buy the following two mining stocks on a breakout…