stocks are very overvalued, gold and silver could fall further, fed is stopping the supply of money, and soon they will raise the rates, economy is not doing well, but it is all made for rich, 99.5% have to struggle always
today it has gone up by 3% so far, it has broken three month high of 24.19, I think it goes to 26 in 2 weeks.. and maybe 31 in six months
they know Gold cannot stay lower, worldwide demand, Gold can cross 1300-1400 very easily because of the very good base, hold for six months GDX can easily go to 31. I am not selling.
It can go to 135 if stars align. I have GDX, these gold miners have not sold much of the production last years, they knew that they will get better prices in years ahead; miners will be huge winners because of low cost of money and gold going up
Gold can go very high, as the underlying premise of easy money might change