Monday, August 22, 2016

A true valuation of Gold in 2016

The three largest gold mines in the world, and they are going broke..yet investors tell you to buy their stock...really?
What the above chart really tells us is this - the gold and silver price is being severely depressed by the central banks to maintain the illusion of a strong dollar, Euro, Yuan...

Also reveals that they can depress prices at any level they want. There is no price discovery or mark to market with precious metals. The price is whatever London says it is and tough if you don't like it, kind of thing.

Be careful out there. Sell at plateau and rebuy on the contraction...

guess when that is...'s now.