Loading ...Morning All ….. From my perspective (for whatever that’s worth!!) The PM and their shares have been worked down pretty good in US$ terms. Being a Canadian… Holding bullion has actually been pretty good hedge against the Cdn$ … gold is up $1470 Cdn and silver $20+ … What is interesting (or not) is that the CDN PM stocks follow the US/HUI and trade pretty much equal with them when they should be quite profitable… actually most of the companies that have mines outside of the US ‘should’ be doing better due to their currency depreciation via the US. (For me.. this is out of whack …. like most things in the market now… of Life for that matter!!)
One could ‘expect’ one last very significant plunge/flush-out/capitulation v. the steady downward drip of the PM to mark the end of this BEAR …. that is how things usually work… or is their plan just to continue the downward drip into ‘nothingness’?? End of July and August have been ‘good times’ for this kind of action …. something like we saw last October/November… lol …..
Just more mumblings…. Have a great day everyone.. Looking sunny today on Vancouver Island….
Islandgold