Gold market thoughts…various points to consider, things to know..August 28, 2021
Gold Analysis is not like mathematics or engineering and can be very mentally debilitating. Two plus two doesn’t equal four most of the time, often it equals three, then seven, then ten. Truly and above all, investing in precious metals demands patience. American founding father, scientist and brilliant inventor Benjamin Franklin stated in 1760 that ‘“he that has patience will have it all.” Yet, most investors cannot tolerate the brutal volatility and sharp price declines that occur in the precious metals and the metals stocks. Is gold in a bull market? Yes it is and it has been since its bottom in 2013. However, it depends on which companies’ we are talking about. Some gold mining and exploration companies’ shares have had moves up in price from 50% to over 900%-and more during the last eight years. In our opinion & based upon our analysis, we foresee a larger more encompassing bull market in the precious stocks is commencing. Most juniors (small exploration companies) have languished. But it depends on what is included in the bull market as most have not moved to the degree that could be designated as in a bull market. The fact is that most exploration companies do not have nor have reported sufficient resources/reserves to justify them as being more than mere speculations….Yet for years the largest returns for investors have been in the junior exploration companies that reported excellent exploration results. The fact is that most brokerage recommendations are made long after […]