interesting chart below on POG analogue based on past bull markets. If it plays out POG I see going to $US4,000 quickly. However, it may be a biased view as the chart does not include the gold bull markets from the earlier 1970's and 2002. Hence I have reservations about this analogue.
But what if it did play out as illustrated in the chart? As gold stocks have been significantly outperforming POG in last 6 weeks or so we may see gold stocks continue to outperform further significant POG breakouts.
We will see what happens in the next month off red two.
Silver analogue is also included below.
SPR Price at posting:
$2.27 Sentiment: None Disclosure: Held
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