Buy gold and silver at any pullback

Needless to say, it has been a very frustrating year in the past 12 months or so for those who have invested in precious metals. From top of around $1900 to as low as near $1500, an over 20% correction for gold. Even worse for silver, near 50% haircut from near $50 at top to around $25 recently. It is even more painful to see their prices up and down with mostly a downtrend in the past year. I'm sure a lot of people have just thrown in the towel to give up with frustration. Well, this is exactly what a bull market loves to play: with the weak hands cut off, it is ready to advance, QUIETLY and potentially in an explosive jump forward! The fundamentals are extremely in favor of a bull market for precious metals: the whole world is in big trouble economically; EU is totally a mess and US is muddling through; even China, the world economy's engine, is struggling and facing a hard landing. The solution for the total mess all over the world? Printing money! That is the only measure each government can think about and afford to use at the moment. The US Fed's meeting minutes in July has clearly indicated that a new QE (ie. money printing) is almost certain to come. All of this is extremely bullish for precious metals. That's why in the past week or so, both gold and silver have quietly broken through their resistance line after a long time of failure to do so. The recent price action for gold and silver is very bullish and may be the precursor to a big price upward movement. In the next few days or a week, gold and silver may drop a little bit due to their fast advance in the past week. I will take any pullback as a good entry opportunity to add more long positions for both gold and silver.