Wednesday, September 23, 2009
The truth of the matter is that gold and silver have been in a very quiet 10-yr. bull market, with probably another 5-10 years left. But for anyone with any doubts, have look at the chart below, courtesy of Gluskin, Sheff and Associates and sourced from http://www.ritholz.com/ - the editing on the chart is mine:
(click on chart to enlarge)
Typically, the lowest risk returns in a bull market occur early, when the smart money quietly accumulates at substantially depressed price levels and then waits for big institutions to discover the sector. Typically, the BEST returns in a bull market occur when the big funds are moving in and then the public discovers the sector and chases prices to the moon.
It's not too late to get positioned in gold, silver and mining stocks in order to enjoy the ride, as big institutions are just now moving money into the precious metals sector and the general public and mainstream financial media is still clueless.
Posted by Dave in Denver at 11:55 AM