Miners & Gold vs SPX
updated October 16, 2020 - Gold and Silver versus Gold and Silver Shares -
Gold and Silver shares will go up when time is up! and time is up! Why do Investors always hesitate to buy when assets are cheap and rush in when prices are soaring?...today Gold shares are CHEAP as CHIPS. Note that it sometimes takes 2-3 years before a market trend sets in. Markets can stay for a longer time irrational than the average investor solvent...
"This time, however, looks different...Miners are UNDERPERFORMING compared to Gold = CAUTION!"
People buying gold at $252 in 1999 were paying the lowest real price for gold in a century. They were investors. People buying silver at $4 in late 2001 were buying at the lowest real price in 5000 years. They were investors. You can almost never get hurt buying at record lows when the price of a commodity is below the cost of production.
Gold shares and the SP500 - Note the down-sloping LT-trend! ...common stocks did do better....but we have seen the best of it.
Gold versus the Stock Markets: from now on (August 2019) we expect Gold & Silver to perform better than the Stock Markets.
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