This is a Best of Invest Talk episode from KPP Financial.

Listener questions will be answered and commentary provided by Justin Klein and Luke Guerrero.

Let's take a live call. Dan in Walnut Creek wants to talk about precious metals.

Hey there, Justin. Thanks for taking my call.

Of course.

Yeah, it's just kind of curious.

It's since precious metals seem to be a little bit of a downtrend right now, it's a good time to buy.

I do think we're getting to that point where it's going to be a nice buying opportunity.

Now, we still may see a little bit more down from here, but we're starting to enter the zone.

And when I say the zone, it means the area where these stocks broke out.

Now, are you talking about gold and silver itself or the miners?

The miners miners mainly.

They held on for a little while, but they're starting to go down a little bit now, too.

Yeah, they pulled back.

The GDX hit the lowest level today since early January.

So even with this large pullback, it's actually still up on the year.

And it's approaching

levels where you saw the peak back in October and you had a bit of a sell-off that refreshed

everything, went through a consolidation period, and then broke out kind of the beginning of the year.

And that high in October was right around $85. GDX today closed at 88.

So I think there's support in this area.

When you have a pivot, we call it a pivot point where it hit high and reversed for a period of time.

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