We sent an update to subscribers today but no doubt the Twitter folks would appreciate some comments. A few big points:
-MSA has cautioned subscribers before that we don't subscribe to the idea of a "war premium" for gold. As such, we have avoided the topic of the Iran war almost entirely. Perhaps it will end up mattering IF it drags on for years and we have to print trillions to fight it. But the reason would be monetary in that case.
-We said in interviews and reports that we expected a significant, maybe even 50% correction for silver at some point in this giant up-move. It happened a bit earlier than we expected, right at the end of January.
-The entire correction (for silver) happened in 6 trading days. January 30th to February 6th. For gold, just 2 trading days. Everything since then has been *within the trading range* that was established in those 6 trading days. Maybe the Feb 6th low gets nipped out, but we have multiple momentum indicators screaming at this point that this is another BTD opportunity like the April 2025 tariff panic, the 2020 Covid crash, the 2024 Trump election crash, etc.
-Finally, as we said in our February 28th report to subscribers, and reiterated this morning: MSA will not be issuing any more long-term "buy signals" for gold, silver, and miners. All of our long-term buy signals have fired off. For silver in particular: March 2024 at $24.91, June 2025 at $36.17, and November 2025 at $57.16. So while we remain bullish and expect the metals to trade much higher, we have no long-term indicators left to say "buy." They all broke out already. Any buy signal at this point would be inherently short-term, as what's going on is a correction within the ongoing bull trend.
If someone bought only within the past few months, they might be sitting on a paper loss right now. One must expect this possibility in *all financial markets.* Anything you buy at any time could go against you. Imagine buying NVDA in October 2021 for $25 and a year later you're down over 50%. In another year you'd be up over 100% from your initial purchase, and yet another year later you'd be up over 400%. But you just so happened to join the trend right before a correction and initially lost 50% of your money (on paper). If you were Cathie Wood, you panic sold...