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REDDIT
I think the metals correction is happening now. But weirdly I'm staying in.
Gold crossed 4k. Everybody freaked out. Now the selling / profit taking is happening.
I was tempted to sell everything yesterday, but I think I'm staying in. Gold, Platinum, Silver, Uranium, even. In fact, I bought a little bit more in the dip.
I can't see a future where the dollar doesn't continue to slide, is the issue. I do see the metals market reacting and correcting, but I also think long term, it will continue to be relatively inverse to whatever the dollar is doing.
But even independent of the dollar, central banks are continuing to buy gold to shore up their reserves. Which will by extension pick up silver and platinum.
Is my theory simplistic?