RE:RE:GOLD/SILVER/METALS STOCK PICKS UPDATED
Sounds like you have a good plan, BlueGrass. I did a little bit of buying yesterday of : ELYGF, CCWOF, AAGFF, and GGIFF. Until GDXJ surpasses the 2016 high of $52.50, I won't be inclined to buy more. I would prefer a pullback in precious metals so I can add to my positions. But, if that doesn't happen, I'll add to my positions if the 2016 high in GDXJ is surpassed. Ideally, if gold fell back to $1400, I would back up the truck at that level.
Yes, the governments around the world are printing money. But, the money has not yet filtered into society. This is why inflation is still muted. Even though we are in a deflationary period, that doesn't mean gold/silver can't go up. The Weimer Republic in 1922 and 1923 had deflation and inflation at the same time. Same thing happened in Zimbabwe thirty years ago. Commodities still went up in both places. Once the U.S. dollar weakens, interest rates will rise. Then the Fed will say they didn't print enough....so they will then print more. That will probably be the impetus that gets gold/silver moving because of the hyperinflationary result of Fed printing. People have to lose faith in their currency. The result=hyperinflation...which in turn causes precious metals to go parabolic.
With Olivut, if there are no diamonds, I'd be completely satisfied if they found an economic deposit of rare earths or gold.....or both!!