TSX:LSG.DB - Post by User
Post by
TRRGon Nov 04, 2013 5:12pm
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Post# 21875467
GLD stocks rally to continue...
GLD stocks rally to continue...The Gold Stocks have fallen from grace fairly hard. This is what is actually necessary for the rally to continue into the 2017 to 2020 area. Supply must be reduced. As marginal mines shut down or slow production, this helps to reduce future supply. It will take a steady rise in prices to new highs before a lot become convinced to start-up again. Adjusted for inflation, the 1980 high is about $2300. That is the general level that must be exceeded before a real bull market unfolds.
For now, please stay away, save your hard earned $ and wait !!