Silver

Some Thoughts on Gold and Silver

Readers of this blog will know that I believe gold and silver are still in the middle stages of a major bull market. How many people know that while stocks have remained flat, gold has quadrupled this decade? When retail investors get involved in this gold bull, price action will be explosive, making any prior moves in gold seem miniscule. That will be my signal to liquidate positions. However, we’re…

Some Gold and Silver Stock Charts

Now that we’ve got $1,000 gold out of the way, I’m sure some investors have begun eyeing gold and silver stocks. Since gold made an intermediate term bottom in early July, gold stocks have embarked on a rather stealthy runup. While the S&P 500 has traded sideways since July, gold and silver stocks as a whole are up 30-50%. I suspect precious metals stocks may need to rise 100-200% before…