~*~Mining and Metals Du Jour~*~

[starboy]

If History Repeats, Gold Is Headed to $8,000
https://www.streetwisereports.com/article/2019/11/18/if-history-repeats-gold-is-headed-to-8-000.html

(with charts of the last two gold bull markets as perspective)

Excerpt:
Put simply, the gold price has an explosive move ahead if the current bull cycle is to come anywhere close to the magnitude of the past two bull cycles.

While we don't have runaway inflation (yet) and we aren't facing a closing of the gold convertibility window as Nixon did in 1971, we do have quite a few factors that should be supportive of the gold price going forward.

These include record debt and deficits, a record-high debt-to-GDP ratio, interest rates dropping toward zero, the Federal Reserve expanding its balance sheet at twice the pace it was during QE3 (just don't call it quantitative easing!), the Fed intervening in various markets to provide emergency liquidity, a crisis in confidence in governments and political unrest worldwide, the potential for the impeachment of the United States president, elevated geopolitical tensions between world powers, a global de-dollarization movement that is accelerating, slowing economic growth, historically overvalued equity markets, a record low commodity-to-equities ratio and record-high total stock market cap to GDP ratio.