Loading ...It Might As Well START Today
I am on record as saying this is the 7th year(corrective year) of a ten year bull run for gold and silver and the next three years will be the final explosive years.(like 2009-11) While it is possible the surge doesn’t start until January(I would be disappointed) it just might as well start in November. If that is to be the case, the fact that gold and silver are either close to unchanged for October in gold’s case and up slightly for silver, then a rally should begin immediately. If November is going to be strong, then October should close strong. Only two days to finish the month. Either we wait for the new year or we come out of October with strength that accelerates on Tuesday with the first day of November. I look for an immediate rally, since as stated yesterday, we should finish filling the gaps from the other day this morning and can then resume the rally.
The thesis of Fed not being able to stop money printing and raise rates is broken now.
And even if a complete stock or bond market blow up was enough to get them to QE, the fact that the Dow looks like it is on its way to at least match its all time high takes that scenario off the table for the foreseeable future.
Owning gold bullion is one thing, but mining stocks have been a complete disaster. Look at blue chip commodity related stocks like CAT and ADM–that is what true bull markets look like.