Caledonia Mining Corporation (CMCL)

[NYBob]

chevy56 thank you, Basically, all the fundamentals that drove gold from
$250 an ounce in the early-00's to more than $1900 an ounce in 2011
are still pretty much in place.
I summarize them as the proliferation of paper.

Paper in the form of debt:



And paper in the form of currency:



There's plenty more to be worried about, but these two charts alone
speak volumes.
The pullback in the price of gold has been a gift to hard-asset
investors — individual, institutional and official — everywhere.
It likely won't last; and in fact, the long-term uptrend may now
be re-exerting itself.

It's disturbing when you think that since the financial crisis —
which was at its core a debt crisis —
global debt has grown by a staggering $57 trillion.
Global policy makers are attempting to paper-over a debt crisis
with more debt.
Seven years after the bursting of a global credit bubble resulted
in the worst financial crisis since the Great Depression,
debt continues to grow.
In fact, rather than reducing indebtedness, or deleveraging,
all major economies today have higher levels of borrowing relative
to GDP than they did in 2007.
Global debt in these years has grown by $57 trillion . . .
— McKinsey & Company

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God Bless