yes, sir gsv had a big strike 3.95 g au/ton for 126.2 meters. they will be taken out at some point 2 majors each on 10% let the bidding war begin
gold is in a pennant or triangle. w/no new catalysts it remains well bid, but nothing to push it over the 1358 resistance
but, the 20 yr bear market of miners/gold is showing signs of ending
http://www.graceland...16aug9xaug1.png note we are still only in the area of the 2008 lows.
here is the chart of miners/silver http://www.graceland...16aug9xaus1.pngsilver is more inflation sensitive.
my take is whoever wins the election stagflation will rise
right here right now is a time to make sure i am not overextended. if jackson hole, the us election, the french election, and the italian referendum dont kick in and provide a catalyst and we correct i want to have resources to buy . we are at a time in between. before diwali buying also
dharma