Next month marks the 3-year anniversary of the bear market in silver that started in May 2011
Bear markets can be devious creatures.
If gold is entering a new bull market then it’s a great time to get in.
It seems as if all the major Wall Street institutions are bearish on gold, even after a 2+ year bear market and a major pullback.
If gold miners got destroyed in 2013, junior gold miners got taken to the woodshed, obliterated, then eviscerated.
Sentiment in the financial markets always gets re-balanced by two variables: time and price.
All markets go through cycles.
I still remember December 2012 and how petrified CNBC was trying to make people of the fiscal cliff.
Action in gold and the gold shares continues to be brutal.
Gold stocks are about as contrarian a sector that exists in the market right now.