Loading ...The gold bull market is here
Long good read for commodity traders.
Good historical account of 100 years of market. Price projection not from a Gold Bug.
Page 6
“Using a similar methodology today, we project a $12,000-$15,000 per ounce target. Although
it might once again seem outlandish, our research tells us these valuation extremes have
occurred multiple times over the past 100 years. For those who are interested, please consult
the precious metals section of our 2Q2018 letter, where we discuss a variety of valuation
techniques”
Pages 31..
“If this is truly the beginning of the great precious metals bull market, we should start to see
aggressive purchasing of silver. We will carefully monitor the behavior of silver accumulation going forward. If it persists, it will be further proof that a new gold market has indeed begun”
Interesting read. Thank you.
I also noticed they are calling for the U bull to progress the second half of the year. I don’t think it will be that soon. Maybe next year the charts start to percolate.
Cameco chart looks ugly. I do not kow how is possible. But then who knows??