deadcat bounce in gold and silver likely to end today or Monday, then plunge dramatically into close of year
both metals have been damaged beyond repair. Even the goldbugs are too scared to place any more money into the devastated stocks.
the last gold and silver bear lasted for 20 years and this new bear should be of the same duration. I doubt there will be more than one or two survivors in the gold/silver sector, and when you realize that even most of the seniors are doomed to fail, then what hope exists for any intermediate miner or junior?
What 'dead cat bounce' are we talking about?? Everyone seems to think the world of gold and silver evolves around the USA. Read the below;
'...With the financial experts claiming, some gleefully, that gold has "lost its safe haven status" in the aftermath of its biggest tumble in 30 years, many commentators thought (hoped?) that the dramatic price drop would steer people away from gold ownership. To my eyes, the past week has all the earmarks of a high-gloss propaganda campaign complete with well-placed anti-gold stories in the media and the careful use of language aimed at sowing doubt about gold's ability to be a store of wealth.
But for those who consider gold a store of value, the recent gold slam is a gift: an invitation to purchase more sound money with fewer units of paper currency. In other words, a sweet deal. Gold and silver on sale and the world is taking advantage.
I predicted this last Friday, when I wrote, "[k]nowing the lower prices will only exacerbate this West-to-East flow [of gold], I therefore thought that the bullion banks and central banks would not have dared push that dynamic any further."
Well, by all accounts, the flow of gold from West to East is now accelerating.'
The one that is slowly materializing in front of you as POG slips back under 1400. The same azzzclowns that think its a gift at this price thought it was a gift no matter what the price. The gift of setting you back 5 years is always such a gift.