How long do you think the bull market in precious metals will last? Also, what would be a good exit strategy? I've suffered a lot of losses and am in the red overall. I am wondering if I have time to make it back going forward.
We believe the end of the bull market in precious metals is at least 2 years away (2014; 95% probability in our view) and probably more than 4 years (2016; 70% in our view).
In any case, we expect gold to move above $5,000 before topping out and we expect to see silver well above $200. We also expect prices to rise in all currencies, so it seems that you will have plenty of time to get your money back from the market and make a lot more before the bull market is over. Please note that most investors should trade only a part of their capital and use most for long-term investments.
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