Gold and silver prices have been falling from their record highs for a month now. I am sure many of those who did not sell their holdings before this correction must be regreting like me. However, we should not give up on pm yet. This correction occured because gold and silver had a big run and it has risen simply too fast.The rally of the U.S. dollar and the increase in margin requirements also played a factor. Investors should take this opportunity to load up on pm stocks, especially Alexco Resource, First Majestic and Endeavour. However, we should not be 100% pm stocks right now. There may still be a further decline in gold and silver miners, so I advise pm investors to hold at least 10% of their pm portfolio in cash to take advantage of a possible further decline in pm stocks. I am planning to buy more on a decline of at least another 10% in pm stocks. I believe that the market will eventually recover and pm stocks will hit a new record high by the end of this year.
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