Gold, silver and miners have been moving strongly this year. What is not to like for a precious metal investor – negative interest rates, volatility in fiat currencies, slowing global growth, Brexit, conjecture that central banks are running out of ammunition, racial tensions, terrorism, conjecture that inequality may lead to riots, coup in important NATO ally Turkey, massive inflow of refugees, and other geopolitical issues.
The media is full of news and articles hammering the message that finally everything is good-to-go for the precious metals. A dissenting view is very hard to find.
It is precisely at a time like this that serious precious metal investors need to ask themselves hard questions. It is always easy to go with the flow. My over 30 years in the markets and life time’s work has taught me that going with the flow often causes big losses and most money is made by asking questions that no one is asking.
The All Important Chart And Undeniable Facts
In asking hard questions, an important issue that every serious gold and silver investor faces is that media is full of opinions by gurus that are neither grounded in hard data nor are unbiased.
Let us start with undeniable facts that are shown on the chart. The chart is of the gold ETF GLD (ticker symbol: GLD) and popular silver ETF SLV (ticker symbol: SLV)…Read more at Kitco.com
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