Frankly in the long run, what happens to PM's in the next week or two is irrelevant. I have just listened to Alasdair Macleod on Palisade Radio, a lot of stuff he has already covered over the last few months, but the European banking system is in a critical position as is the ECB. There has to be a monetary reset of some description, I agree that there could be one more dump of PM's to take out the last bull that will coincide with the 60 year bottom for them. Bob Hoye also has published recently a very good piece on the Gold/CRB ratio, he is also predicting a long term gold cycle is imminent. I know it sounds like the proverbial broken record, but our day is close. Hang in gents, there will be disbelief when the rally eventuates as all those who have exited recently will be reluctant to get back in.
IVR Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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