I just listented to a podcast with Rick Rule and Lobo Tigrre about the Gold thematic. Sure lobos selling his book, but they dive much much deeper into the macros and boy, gold could really moon.
They both called the Uranium price correctly 3 years ago and at the time were dismissed. Now they are cashing in their uranium chips for gold.
As Rick says, nobody wants gold to go to $5000/oz to $8000/oz, but it could, and if it does we are all screwed, and the only thing that will save you is gold. personally i hope for $2400-2800 tops otherwise i lose everything else it would seem. the decade 2000 to 2010 gold went from $250/oz to $1200/oz so to repeat that in a shorter scale $2000/oz to $5000/oz isnt fairytale land.
The gold majors are doing well, printing money, then next to moon is mid tier, then juniors. They thought we are at mid tier atm and juniors in Q4.
GBR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
(20min delay)
