€/Gold

May you live in interesting times ...
(frr) Dec 16, 11:23

... may be a Chinese curse or a blessing.

The PM markets selling off from way overbought are now either seen as a blow off top (McLellan) or a healthy correction (Dr. R. Appel).

While I may see merit in both approaches - it does seem to me that Mac has got carried away with his own TA obsession - no fundamental reasoning should ever breach my conclusions.

Appel, on the other hand -OK, I do know about the one handed economists, but the I've met Kurt Richebächer 35 years ago - looks at it much more focused. He sees the underlying uptrend, supported by fundamental reasoning, which may term this gold bull as being just coming out of its infancy.

I, would subscribe to Dr. Appel's thesis that this is a generational bull(ion) market for PM's.

The real battle is hidden behind the scenes. And that -
in my view - may become as important as the Tsy has gone from Gold in the vault - to deep storage. The implications are as vast, scary and telling. There is not enough left to uphold the fiat system ... for ever ...

Still, I'm not a true bullion only guy, as I've greatly enhanced my stash by playing the mining game. Just look at Rob McEwens efforts to put together a meaningful property position on the battle Mountain (Cortez-) Trend. A winning proposition, as the guy's flexibility (and funds)is his real asset vs. the giant immobile - not saying beaurocratic - majors.

Way to go! Whereever we are in this super bull - I feel we are at best getting towards adolescense - and we'll have tons of time to count our blessings in years to come.

Don't be left behind by getting thrown off by this raging bull - even he deserves some time to catch his breath - and ride it as long as the fundamentals, and yes l.t. TA suggest.

Thanks
frr