PM miners have under-performed S&P 500 by 218% over 10 yrs The gold and silver mining index (XAU) index has fallen 55% over the last ten years while the S&P 500 has risen by 163%.
During this same period, the US national debt has risen from $8.95 trillion, to current levels of about $20.2 trillion, a 125% increase.
When markets get out of sync this much, we can expect some sort of "realignment" towards more rational price action - :)
Reflexions Of 2000 - The stock markets today reminds me much like the Dot Com bubble, up,up,up,up,up++++++++ and then POP -
NASDAQ Composite lost 78% of its value as it fell from 5046.86 to 1114.11
and this was the year that gold started its bull run from $250 -
all the way up to $1900.-/oz
YES! There is another BIG correction coming soon and
gold will go to $5000+++
Do the math....
GOLD IS KING....
Caledonia Mining announces record quarterly gold production from Blanket Mine in Zimbabwe, raises 2017 guidance 07:39 05 Oct 2017
The AIM-listed firm said approximately 14,389 ounces of gold were produced during the quarter, 15% higher than the previous quarter and 7% higher than the corresponding quarter of 2016