Loading ...A top in 2023?
Mike Maloney projects a potential gold peak in November 2023.
In my post below, I showed why I think First Majestic (AG) could reach its peak around March 2023 (potentially at a stock price of $200 or more).
(BTW, at a 20:1 gold silver ratio, $11,250 gold would mean $562 silver.)
Here’s Mike’s rationale:
J.C. One decent day in the PM sector and we see this kind of hype? If this comes to fruition everyone here better be out of all fiat currency ’cause you won’t even wipe your a** with those worthless paper products.
Many of the mid tier silver miners are up 20-30% in 3 days. (EXK is up 30%.) That is 2010-type action.
I agree that there are lots of complications potentially with gold spiking like that. I would absolutely advocate diversifying into other hard assets on the way up and to basically sell all or most of one’s speculative positions well before a number like that is hit. If the run up is anything like 1979, price will probably double within a few months at the end of the bull. That being said, physical gold will always have value, and I would never advocate selling all of ones bullion no matter how high its price gets in nominal terms.