I wrote on the GIM forum...and was promptly ignored...that we wont see the HUGE rises until the bond market gets hammered. When people realize that at 3.5% bond yields that they are dying a slow death towards poverty, that is when the money will come into gold.
The day that all of us are feeling very good about things is the day that the equity market is hammered AND the bond market is weak along with it. We arent quite there yet.
On Friday, the miners had some resistance initially to the sell off, but eventually got carried up in the contagion. When bonds and equities go down in unison, that is when we will see resilliency in the miners on a down stock day. Those are the days that gold will break...and break with a fury.
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Joe,
I wrote on the GIM forum...and was promptly ignored...that we wont see the HUGE rises until the bond market gets hammered. When people realize that at 3.5% bond yields that they are dying a slow death towards poverty, that is when the money will come into gold.
The day that all of us are feeling very good about things is the day that the equity market is hammered AND the bond market is weak along with it. We arent quite there yet.
On Friday, the miners had some resistance initially to the sell off, but eventually got carried up in the contagion. When bonds and equities go down in unison, that is when we will see resilliency in the miners on a down stock day. Those are the days that gold will break...and break with a fury.
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