quote i found"These days the
TSX-Venture Market is 83% down in nominal terms and 90% down in real terms. In other words: the market is now 90% less risky and cheaper than it was in 2011. However, everybody was dying to invest in 2011 when it was 90% more expensive and nobody wants to be near this market in 2015 when it’s a tenth as risky. The reason behind this behaviour lies in the fact that most people’s expectations are set by their experiences in the immediate past. So when many others already have sold and share prices are low, it is very hard not to sell – let alone buy shares!"
We needed the general market to start rolling over and start looking risky which is now underway. I saw someone say I can't remember who but they said today about 1/3 of 1% of people have something invested in precious metals. In the peak of the market in the late 70s about 10% of people had something invested in precious metals. Just imagine if we get just 5% of people investing in precious metals in the coming years. 15 times the money coming into the sector as is in it now.
spring 1997 the bear market started in juniors last cycle and bottomed in summer 2000. stealth bull market up until 2002-2003 when the money piled back into this sector. so 5-6 year bear market last cycle similar to the one from 1987-1992.
spring 2011 the bear market started in juniors this past cycle. We are now almost in spring of 2016. Anyone else think we're closer to the end than the beginning ? I see light at the end of the tunnel.