First, the bottom of any asset class is marked by nothing. No news, no noise, no interest from anyone. So if the whole Internet is calling the bottom it usually means it has some more time and distance to travel before the real bottom is in place.
And times last week are when promoters and prognosticators will offer up investment ideas that do nothing but make sense. "If A happened in the past and B is happening now then C is the is no-brainer choice for you!" If it were only that easy. Unfortunately, the best speculative trades usually make the least sense at the time.
Take as an example International Tower Hill, THM, a gold miner. This, of course, is a no-brainer. It has a huge claim in Alaska with millions of acres of land bearing even more ounces of gold. So multiply the ounces by the current market price of gold and if it is more than the market capitalization of THM then you have a sure-fire winner. Again, if it were only that easy. Having gold-bearing land is not the same as having gold coins in your hand. Some mines are harder than others to pull gold out of the ground and THM is one of them. It is hard for THM to mine gold at its current market price profitably but it makes for a great story. THM and other stocks like it are constantly marketed whenever the price of gold rises.
Would I speculate in THM? Sure, but it would have to meet my criteria before doing so and even then it would be with a small amount of money to start. All this reminds me of an anonymous quote, "Real wealth is the accumulation of an asset when its outlook is the bleakest." Now is the time to do just that with gold and silver mining stocks. For most of these stocks the outlook is bleak and the prices are cheap.