RE:Thanks Heywood SilversI was thinking about the junior space the other day and wondered why are we so depressed price-wise when the last time gold was at these levels the juniors were reaching their peaks in April of 2011. In fact, you can argue we are better since Pd + Pt combined are higher now than back in 2011. What gives?
The anwer is silver. It is acting in a non-confirmatory fashion. In it's defense, it is likely the most heavily manipulated metal on the planet as it is the linchpin that could cause the house of cards in the paper money confidence game to collapse. Practially all silver traded on the COMEX is not real (instead being fake paper silver), but most mainstream investors are ignorant to this fact. Once silver breaks $25 and starts marching higher all the juniors will start to rejoice and we patient investors will start to see some serious returns.
My gut tells me that it will be the manipulators who will pick and choose the timing of any market crash instead of the natural market forces of supply and demand overwhelming the manipulation. All the rest of us can do is wait and position ourselves accordingly.