Peter Schiff makes a case for extraordinary gold price advance; be sure to listen to the show for figures that may surprise even the most ardent gold bull. Gold shares could increase several fold, perhaps 10x, but with much greater volatility.
The bottom line is gold stocks are due for massive mean reversions after this past summer’s anomalous extreme gold-futures-selling episodes. That bashed gold stocks to deeply-oversold levels technically, which spawned super-bearish sentiment.
Employees and contractors will be staying in the camp for periods longer than the usual rotation to create a bubble. Testing frequency has increased with stricter procedures governing operational activities.
With the summer doldrums coming to an end as we head into the long Labor Day weekend, the metals and mining stocks..... THIS WEEK IN MINING: $IAU, $AGG, $AUN, $BRC, $CBR, $FCO, $ITRG, $KNT, $KL, $LGD, $SCZ, $SILV, $TXG, $TUD, $VZLA, $VGZ
There’s no need to try timing a bottom. If we can capture the middle 60-70% of the next move higher, we’ll make multiples of what we have invested now in mining stocks.
