Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective for gold, silver, and mining stocks.
Gold kicked off the week at just over $1300 before declining to a low of $1278 yesterday.
The boom/bust cycle is caused by fractional reserve banking.
Briefly: In our opinion no speculative positions are justified from the risk/reward perspective.
Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish.
In the two months since my last update on USD Fiat Money Quantity, it has increased by $292bn to $12.861 trillion and is still growing rapidly as shown in the chart below.
Yesterday’s price action in the precious metals market might seem perplexing to some investors and there’s good reason for it.
It wasn’t meant to be like this: six years of global money-printing should have guaranteed economic recovery.
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings.
During the past year there has been very little talk about gold, silver or gold stocks in the media