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All of us precious metals believers have been scouring every bit of fundamental and especially technical info to see when the upside is confirmed and ramps into an accelerated stage. Just an anecdotal observation that we are very close. Over the past year gold is up 33% and silver only 2%. However, the tell that we are close is that over the last month gold is up 5% and silver 6%! Silver is about to take the lead and the upside acceleration is at hand.
Good observation Chartsmaster
Like the vix and dxy spikes going down. We are in early 2009 now. But on a higher tight rope. Dont look below
Agree. Here is something to ponder.
The market capitalization of all the gold stocks worldwide is only say 200 billion. The Fed/Empire can swat this asset class whenever they want with another program 127? The question they face is if they continue to do so who will buy the bountiful earnings stream that is just starting. If western buyers do not China will. If China buys all the shares of all the gold miners they will direct all miner output
back home to China. The Empire knows where this would lead. I hope they let this asset class be a market.
Good Point Noman
It’s been my contention that Canada will nationalize the Gold Miners soon
Most gold miners are domiciled in Canada ( likely 95% of all Gold in the ground is controlled by Canadian Gold Miners)
What do you think about that idea.
probably we should keep this in house…Trudeau would salivate
Possession is 9/10’s of the law comes to mind. I would assume that all mines might be nationalized by the countries the mines are in…
Subject to the dominant empire requirements