Miners & Gold vs SPX
14 February 2024 - Gold and Silver versus Gold - Silver Shares and Stock Market Indexes.
Gold and Silver shares will go up when the time is up! Why do investors hesitate to buy when assets are cheap and rush in when prices are soaring? Gold shares are CHEAP as CHIPS. Note that it sometimes takes 2-3 years before a market trend sets. 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!" It is important to realize Stock certificates have become dangerously digitalized, many "Transfer Agents" are in trouble, and Miners have to cope with rising energy prices and the hardship of these retard Green Environmentalists. Together with a lower gold/silver grade, this makes the sector less profitable.
People buying Gold at $252 in 1999 were paying the lowest absolute price for Gold in a century. They were investors. People buying silver at $4 in late 2001 were buying at the lowest absolute price in 5000 years. They were investors. You can rarely get hurt buying at record lows when a commodity's price is below the production cost.
Gold shares and the SP500 - Note the down-sloping LT trend for Gold!
Gold versus the Stock Markets (SP500): From now on (August 2019), we expect Gold and silver to perform better than the Stock Markets.
Gold and Silver did perform better over the past. In particular since the year 2001. Comparing over a longer period doesn't make sense at all for obvious reasons. Also important is the future, what comes and not the past.
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