Loading ...What Gold Bear ?
Up here in the Great White North….Gold has been consolidating the massive run from 2001 to 2011 for the past 6 years
Just a High level consolidation which at most retraced to the 32% Fibo !
Now its looking to breakout again.
Presently $1745 an ounce….a mere 8 % below its all time high !
But alas The Canadian Govt in its infinite wisdom sold almost ALL its Gold reserves a long time ago.
I think I personally have more ounces buried than the whole damn country owns…..sheesh
I suspect that if TSHTF …Canada will just nationalize all the Gold Mines registered here…which is about 90% of all the Gold Mining Universe I reckon….so we have that proverbial Deep Storage Gold ….eh ?
Oh Canada we stand on guard for Theeeeee !
Gold is also a lot closer to it’s all time high in GBP than it is in USD. Trading over £1000 an ounce again.
Quite amazing. Great reminder. As an aside, Trudeau sold the remaining half 1.5 years ago last summer. Canada has no gold in the treasury. If they try to nationalize my rocks, I’m breaking out the pitchfork.