Greatest Hallooween ever!!!
This is just a sample of numerous articles in the last few days predicting gold/silver are now bottomed out and heading up. Precious Metals Stocks Alert: Powerful Upleg Believed Imminent: https://www.streetwisereports.com/pub/na/precious-metals-stocks-alert-powerful-upleg-believed-imminent.
Of course it doesn’t mean straight up every day … but up now, maybe a short small pullback, and then up to well over $1300 US … with many thinking gold will be $2000 by year’s end and then up again next year. (caveat is any major ‘event’ or black swan’ that could happen at any time which would make gold soar). Can you say "LEVERAGE"?
We are now commencing the second major … and much bigger leg ( 1st leg from $250 to $1900) of the gold/silver bull market after the last long (artificial and forced) correction from $1900 in 2011 to 1150 in 2016. just imagine the pent up energy built up from denying natural market forces for so long! We can expect at least $4000 to as high as $10,000 top before it peaks. Much more than that with a global currency RESET backed by gold.
Just my opinion but I think Frank could shutter GGM operations and just wait. (CSR will cash flow and keep him busy and do just fine on its own.) He has built it (GGM) and ‘they will come’. The gold is not going anywhere and the competitive angst to own it is about to escalate and compound. I would hesitate to guess that by next Feb. the offers wouldn’t look even faintly like today’s nonsense ($2 to $3).
Sooner or later, and they know who they are, those who wish to access a gold resource of at least 5 million ounces (very rare find now) with blue sky in a safe environment will quit farting around with the silly ‘bluff’ games. Many properties are being gobbled up now that have nothing compared to GGM. Can you say 'LEVERAGE' again? ( for GGM every $100/oz. over all in sustaining cost ($1200 or less Canadian) means huge coin! $Billions are at stake and this isn’t a used auto auction … as one of the only value investments on earth (gold/silver) explodes out of it’s shackles.
The Canadian PM sector is about to take off. enjoy the ride!