Overall, the gold and silver breakout appears to be legit. Gold currently +.54% while silver is +.53%. Gold seems headed for $1500/oz while silver is approaching $17. It's been a long wait but this time seems for real.
If the momentum holds, I think more mainstream investors will take a look at the mining stocks. They represent the leveraged bet on precious metals. As Central Banks print more and more money, investors will realize that their paper currencies are worth less and less.
China embarking on a currency war and a race for the bottom could be significant. In an ancient culture that values gold and silver, Chinese could become significant buyers of precious metals to protect their wealth. While devaluing the yuan is good for exporters to sell products, it still cheapens what Chinese investors end up with.
Today is a down/flat day for miners, even though the metals are up. I think there is some selling after the strong day yesterday. Again the overall trend is positive for the metals and miners. The bear has been brutal, let's hope the bull is just as strong.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
