What we need for the PM bull market to gain traction is for this down trend line to be broken to the upside in a convincing manner. The 1996 high for the $XAU:$GOLD ratio was 0.37 – six times higher than today’s close at .06 <\/p>\n
Let that sink in for a moment.<\/p>\n
Obviously, investors in the West today are not buying the PMs or the miners. Like the man said, nobody believes that everybody believes that gold is money.
\nIt could be that a threat of deflation in financial assets countered by massive central bank currency creation is the only thing that will turn this market around. The trouble is, in a panic the miners could very fall along with everything else. One might do well with some dry powder. <\/p>\n
What we need for the PM bull market to gain traction is for this down trend line to be broken to the upside in a convincing manner. The 1996 high for the $XAU:$GOLD ratio was 0.37 – six times higher … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/02\/sc-8.png\")
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