Today one of the greats said, when it comes to the gold market, “That attitude will change over time.”
Noise Level Is Too High
June 28 (King World News) – Bill Fleckenstein: “…the miners were weaker than gold, but as I have pointed out from time to time, I don’t think the day-to-day performance or outperformance of the miners versus gold means much. The noise level is just too high.
Miners Still Unappreciated, For Now
I think one thing we can say, however, is that the miners have not yet begun to discount the price advance in the gold market. I guess everyone has been fooled so many times, they don’t believe that the higher prices we have seen recently will stick, although that attitude will change over time.”
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Michael Oliver worked directly with the Chairman of the COMEX in the 1970s bull market in gold and silver and he also called the 1987 stock market crash!
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