Chrisk like the information you posted.. I tend to agree with everything you posted and DOW will push higher towards 20k before bear market arrives. The only thing I would debate is the extent of your pullback in Gold and the ratios, I see a pullback in gold but not very deep and the reason is the cheapness of money . We have the RBA in "cut mode " and expect another 2 to 3 more this year with March almost a done deal after yesterdays CAPEX numbers . We have the last BUND tender (German bonds) been bought at negative interest rates . So my reasoning is with such low interest rates and a flight to quality in Europe Gold will have buyers.. At the end of the day we have forces at work we have never seen.. Dow is grinding higher on US recovery and a lot of Companies have better credit ratings then Governments and with gold its not like you can sell it and put it in a government bond and pick up some yield .. Australian 3 year bond is 1.8 %
UML announcement looks positive so hopefully we should head back up to that 1.5 cent level .
Good Luck
UML Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
