trendwater2 - Canadian Gold Corp. Phase 1 Exploration Program to Begin at Tartan Mine Main Objective: Extend High-Grade Gold at Depth Property Wide Exploration Potential Outlined Newsfile Corp. Fri, May 12, 2023 at 7:21 AM EDT In this article:
Gold inches higher in subdued trading as unresolved issues hang over markets Researchers predict launch of new commodities supercycle, ‘very bullish’ on gold and silver
Capitalight Research’s Tom Brady and Chantelle Schieven believe we are headed for the boom phase of a new commodity supercycle that could last 10 to 20 years.
Gold and silver, they show, have tracked supercycle booms in the past , and, as a result, they are “very bullish” on both metals over the long run.
“It is interesting to note,” they write, “that silver and gold prices appear to have increasingly trended in similar patterns to those of the industrial metals, particularly since President Nixon eliminated the backing of the US dollar with gold in 1971. Closing the gold window thus removed a very large non-industrial buyer of gold. Under the gold standard system, government could be counted upon to purchase mine production en masse at set prices, regardless of industrial growth or decline in any particular moment. Silver, with its broadening industrial demand, has been ~75% correlated with the Industrial Metals Index.
*ALERT!** Nations Witness SILVER & Gold Standard REEMERGENCE
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