Gold and Silver stocks….update
1-Do we now have a true “bull market” in precious metals and the precious metals stocks ? Yes, but we have had a “bull market” for six to seven years in many precious metals stocks and base metals stocks as well and many have continued to be in a bear market. Some of our stocks have moved up from 100% to 1000%…many are up 300% to 400%. But we must keep in mind that many have not moved= except down and many will fail. We generally expect a minimum of half of our choices to fail. 2-Are the metals such as Gold and Silver still being manipulated? Yes they are primarily by the professionals; some days we have seen futures trades that would be equal to more than one month’s world production in gold done in minutes. Keep in mind that they were in reality “paper” trades and not true gold bullion. 3-Are the fundamentals for the metals positive? Yes, Yes, Yes! The demand statistics (contrasting the available supply of gold bullion and silver too)are overwhelmingly strong. We will explain this later with statistics. 4-In 1997 the average industry cost to find one ounce of gold was approximately $12 per ounce, and today the average industry cost is approximately $110 per ounce. Gold is now much more difficult and far more expensive to find as well. 5-The brokerages and the banks do not want a bull market in gold/precious metals to occur as it brings with it a […]