BGMI

Obviously, we can’t know if the bottom is in but I’ll repost a chart which is my best argument for why we can expect a big rebound over the coming months. The chart shows all of the worst bear markets in gold stocks. At the top right I’ve annotated the ensuing recoveries. As you can … Continue reading

We discuss our reasons for why a major low in the precious metals and mining stocks is at hand and why the long-term outlook remains strong. Go Here to Listen to the Interview  

In our most recent commentary we wrote about the relative strength in the gold equities. Gold equities have not only bucked the downtrend in the equity markets but in relative terms are breaking to new highs against equity indices. In the chart below we plot precious metals prices, GDX versus the Morgan Stanley World Index … Continue reading

We obviously have been too cautious on Silver. The metal has been on a tear and has shown no weakness in the past few weeks. Our upside targets were $37 and $39. A clean break of $39, which seems imminent will send the market to $45 and possibly $50. Monday was the start of a … Continue reading

Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but twice in the last ten … Continue reading

…Bottom line: Call me a broken record, but I remain wildly bullish on Gold and Gold stocks at current levels. I still believe we will be making new highs in the Gold price and Gold stock indices before the spring is over….