16 thoughts on “CHART OF THE DAY

    1. Bob UK

      Jay, I think by default if the miners go bankrupt then those who have invested in those bankrupt miners, especially if they are on margin, will be in a right mess.

  1. Roy

    Gary, are you still looking at PMs as a future “screaming buy” for a resumption of the bull, or do you think they broke this sector and it ain’t comin’ back no mo’ no mo’?

    1. Jay

      I suspect that Gold, adjusted for inflation, is not as high as the top in 1980 so, in my mind at least, it is hard to call it a secular bull, although I’d be surprised if Gold just keeps trending lower from here.

  2. paul

    Looking at the 20 year chart for gold, there doesn’t seem to be significant support until $700. Do you have think it is possible gold could fall this far? And, if yes how would the miners fare?

  3. Tenyear

    Gary:

    Are you saying that some miners are going to go bankrupt? Are you saying that miners will never recover?

    Could you elaborate on your “bankrupt” statement when you get a chance? Are you in my deflation camp yet?

    thanks
    Ten

  4. junkmail

    ive heard miners are going bankrupt about as long as ive heard there is no phyical gold left to satisfy delivery. saw that movie as many times as pulp fiction

  5. mark

    remember when Gary told us to load up on gold options and that by the end of the year, it would be through the roof. then he said he got timing wrong and told us to load up again for the following year and again the price of gold went down.
    when should we load up again gary?

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