yes, and folks are out there pointing arrows below 1k, who knows it could get there but its not very likely. a trader has a bag of
tools and he puts all his studies together and hopefully makes an elephant gun. here is another tool . supply.
https://www.bloomber...-explaining-whythese 5
charts are not put together by some gold bug pointing arrows to pluto. its a factual study done by bloomberg
gold is valuable because it is rare.
1 chart one shows an 85% decline in the last decade. its not just during pds where the price is falling 06-11 saw soaring gold
prices and yet supply continued to fall. i said the other day that at these prices some mines will be shuttered
2 nothing to add to chart 2 the last 5 yrs have forced miners to cut capex spending as is typical in a commodity cycle
3/4/5 shows we are at or approaching peak gold production. this does not guarantee a bottom or any thing else for that matter. but at
some point it will exacerbate price i believe the majors have been running their best reserves the last 5 yrs and their stocks are
low at some point they will be forced to either explore or buy reserves. i think it will be the latter. the junior space will
experience a feeding frenzy
its all part of the big picture. the truth is there are mountains of debt .
in the sector there is great fear.
i remain in steady nibbling buy mode.
when u see bugs tripping over themselves to point arrows to the basement its another indication
dharma
Edited by dharma, 26 December 2016 - 11:23 AM.