Gold has compounded at less than 2% since 1975, the DJIA has compounded at 9%.
DJIA doesn't include divs either.
Great. If the future is the past then no point in being in gold. Since 1975 the world from just the big powers have gradually got more peaceful. But just lately China is gradually getting more pushy and Putin wants the former USSR back. After Ukraine comes Poland. Before the rockets start flying I think there will be an assault on currencies. Where would that leave gold?
Interesting couple of days in gold stocks & some huge volumes being traded.
There was a noticeable pick up in shorts in the likes of RSG & BDR as well as others in the last week & they have just run into some serious buying volume. NCM is leaping higher after being dumped down to $8.65 only 2 weeks ago, traded $11 this morning. Huge volatility for such a big stock.
Some big money has come in with two new substantial holders in NCM in the last week picking up 5% each. Reasonable short positions still in BDR & RSG and a few others. I smell a short covering rally. There seems to be a sentiment shift in imo. How long it lasts, who knows, but it appears we are setting up for a repeat of last year when gold stocks rallied sharply.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
Yes with AUD gold trading back up over $1400oz I can see many smashed ASX Goldies returning respectable earnings for the DEC qtr
would love to be buying more RMS PXG at current prices
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
BTW, if Putin is hoarding and buying more gold like that last article suggests, then you can add it to Oil, Gas and Rubles as a huge target for the US and its allies to target downwards...
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Originally Posted by Skol
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