Gold Miners ETF (GDX)

[DiscoverGold]

»» Update on Gold... ««
By: Marty Armstrong | March 19, 2020

My problem with gold was that the ratio was scheduled for a new high in 2020 which we have finally got. The ratio exceeded the World War II high when silver was cheaper than nickel and the War Nickels were made of silver.

I am preparing the metals report. But show you what has been holding gold back, here is the ratio. You can see 2020 was the target year and we have back-to-back directional changes in 2021-2022 and then the big target is 2024 with the peak of this wave in the ECM. So we are getting ready. As I have said all along, gold will breakout ONLY when the "general" public begins to see that the government is incompetent of saving the day. That is starting to take place already. I really think the virus issue will fizzle out as it peaks in April/May and with highlight it will be like the weapons of mass destruction.

When the people see this has been tremendous economic damage for something that is not even as deadly as the flu, this can do some serious damage to public confidence. There is a panic into the dollar right now and they are selling European debt. Everything is falling into place as we have been forecasting for years now.

DiscoverGold

Click on "In reply to", for Authors past commentaries