Gold is in a secular bull market, and it doesn’t need any help – having some big selloffs/backups is the biggest helping hand. It’s in the big selloffs when/where the weak hands freak out, and the strong hands calmly and professionally accumulate. And in the big rallies, right into the highs, is when the weak hands love to emotionally buy, because of “trendline breakouts” and “commercial signal failures”. It happened once again last month with the weak hands piling in, and when I was selling miners, and then going short.
Another favorite theory of the permabulls why “gold will soar”, is when the “stock market crashes”. This theory is total horse manure, and it’s promulgated by the numerous frauds who infest the gold business. Don’t listen to them, do your own work. The video below explains this situation.
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