One more nail in the coffin of the gold bears

Posted by Peter DeGraaf via Peter Grandich

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As long as it stays above the rising 200 week-moving average, the increase is 18% per year


“The State is that great fiction by which everyone tries to live at the expense of everyone else.”  ….. Frederic Bastiat.

“Those who buy the dips and ride the waves will prosper” Richard Russell.

The bullish case for gold continues to build.  The old adage ‘more dollars chasing fewer goods’ is particularly apt for gold.

  • For the first time in history practically every Central Bank is adding to the money supply of its respective country.
  • Despite a record high gold price, new supply from mines is declining, due to the fact that the ‘easy to find gold’ has already been found.

… reasons 3-15 and view charts HERE.