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Gold and gold miners have rebounded but remain in a technically weak position. Both markets have failed to move beyond the highs made last Friday. The same happened to the gold stocks in early October. They exploded higher one day but failed to muster anything after that. At that time Gold continued its rally for … Continue reading

Physically backed ETFs CEF & GTU are trading at large discounts to NAV…

The selloff in precious metals intensified over the past week. GDXJ declined 25% in seven days while Gold plunged below $1180 to $1140 and Silver plunged below $16 and to as low as $15.20. Precious metals are becoming extremely oversold and the bear market is clearly in the 9th inning. Be on alert for a … Continue reading

While I remain fully hedged in Silver and also continue to hold my naked short positions in Gold, I believe that….

Argonaut’s Q3 financials are inside…

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In this update we focus on Gold…

While I eventually see huge upside for both precious metals in the coming years, I do admit that the current trend is lower and the correction needs to bottom out first…

Precious metals are very oversold but the bear market is not over yet. More downside is ahead…

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