RE:RE:RE:Stock steam hissing...Pretty decent article in Streetwise, where it appear that Peter Krauth ("Gold Resource Investor") pretty much agrees with your viewpoint. Some snippets:
" If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises.
After all, what's changed since gold reached a new all-time nominal high over $2,000 last August?
Actually, most of the fundamental drivers that support gold have simply gotten more entrenched. And that ultimately means much, much higher gold prices over the next few years.
So, the current rout becomes a matter of perspective. After all, we've set a lot of records lately…in a bad way. Unless you think record levels of debt, record low interest rates, record high stock valuations, and record levels of money supply will hurt gold prices, then relax. "
" If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises.
After all, what's changed since gold reached a new all-time nominal high over $2,000 last August?
Actually, most of the fundamental drivers that support gold have simply gotten more entrenched. And that ultimately means much, much higher gold prices over the next few years.
So, the current rout becomes a matter of perspective. After all, we've set a lot of records lately…in a bad way. Unless you think record levels of debt, record low interest rates, record high stock valuations, and record levels of money supply will hurt gold prices, then relax. "
"
And from a contrarian sentiment perspective gold stocks have only been this hated, and therefore attractive, twice in the past decade.
In the Gold Resource Investor newsletter, I provide my outlook on which gold stocks offer the best prospects as this bull market progresses. I recently added two companies to the portfolio that I believe have exceptional potential to outperform their peers in the next 12 months.
So, the bottom line is that gold at $1,700 is not a reason to freak out. Instead, it needs to been seen for the opportunity that it is. In all likeliness, after eight months of correcting by nearly 18%, we are at or near a bottom.
It's time for you to decide. Is the current gold price a crisis or an opportunity?
Logic would dictate the latter."
https://www.streetwisereports.com/article/2021/03/02/gold-crisis-or-opportunity.html?utm_source=delivra&utm_medium=email&utm_campaign=TRR3-4-21&utm_id=40964320