With valuations in bubble territory, profits are too low to justify lofty stock prices. That portends a bear market to maul prices back down in line with earnings.
The “Margin of Victory” of US President-elect Donald Trump caught everyone by surprise. I will still call the recent sell-off as just a correction and nothing else in gold and silver.
While gold makes fresh all-time highs, silver is nowhere near its nominal highs of 1980 and 2011 near $50. The gold stocks also remain well down from their nominal highs in 2011.
