Metals and Resource Shares Correcting Now

Bob Moriarty
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Oct 20, 2025

Over my investing career I have observed that at every market bottom there are a hundred reasons to sell. And that at every market top there are exactly one hundred reasons to buy. It finally occurred to me that to call tops and bottoms with accuracy all you have to do is count the reasons to buy or sell. When you hit the magic number of one hundred, you get a turn.

The metals shares seem to have topped on Thursday before taking a swan dive the next day. We must have hit a hundred reasons to be buying resource lottery tickets. And on Friday we may have touched the hundred reasons to buy gold and silver so the metals fell out of bed.

The DSI for gold and silver closed at a reading of 89 on Thursday before plunging on Friday to 73 and 72 respectively. We have not marked a major top in either metal. It will take a DSI of 95 or higher for that to call a top. But it sure looks like a great time for a correction.

Nobody ever went broke taking a profit.

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Bob Moriarty
President: 321gold
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321gold Ltd