Does anybody remember all of the CNBC analysts talking how miners and gold would get crushed even further in 2014? It seemed an across the board attempt to scare out the last sellers, And January 1st 2014 gold got a pop back up from below $1200.
And its been a slow but strong and convincing move upwards for gold silver and miners.
I personally think the metals will make news highs now that it seems the $1200 gold support line is rock solid.
Will Gold climb to its fundamental values suggested above $3000 per oz? Higher ? Exactly how does one give a true value to gold or silver ?
I mean, My belief is that as long as all metals are traded in US dollars or Euro, then the paper dollar is still king?
I mean, you don't buy or sell gold for "gold" do you? Its value is still measured in dollars.
The CNBC anal-ist weren't lying to us, they're just wrong as 2 left feet often. Fortunately for them, they can change their tunes on the spot and act as if all is obvious for viewers who don't keep up.