RE:RE:RE:Barrick underperforming againI agree,
There is a reason that the miners are being bought here and the paper price is still near lows.
physical is in high demand.
the big volumes went for safety last week USD, UST and physical gold.
this all has to due with taper and deflation continuing.
QE and rates at this point will have little effect on the real economy.
deflation will continue, conusmer spending will continue to slow.
its possible immigration reform is coming due to the fact they need more people to lend money to.
imo its just a matter of time before a black swan event occurs and fear takes hold for retail.
It will be a bank again that is sitting on consumer debt losses and cuts them one morning.
silver works the same as gold in terms of money,
when the physical gold supply has run out and dealers run low on supply they will either up the premium or just put up sold out signs.
it is at that point the physical demand for silver will turn into the new gold.
the trick with silver is there is limited above ground supply in bars, coins.
China and India will take silver if they can't get gold and as silver sits only at $20/oz it has a lot of upside as consumers run for protection in it.
As for the miners,
There is still trillions of dollars in stocks and EM that if a black swan occurs beacuse of margin calls, consumer debt defaults the markets have really seen nothing yet.
the amount of money that needs to be parked in safety will be mind blowing.
it will be a wake up call for everyone just how much currency was created with QE.