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 - 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.


  1. Dave,
    I cringed when I saw that chart today. Of course comapring gold at its low with stocks from the old highs will yield a cool graphic 10 years out, but it is not the real story.

  2. I suggest reading Zero Hedge this evening for some more unvarnished truth.

  3. Hey Edwardo. I was sent a copy of that GATA dispatch about the Fed and gold swaps Tuesday night. Bill Murphy told me earlier today that he received little feedback beyond LeMet subscribers. It's really amazing how few people understand what's really going on with our system in terms of Fed intervention/corruption, especially w/respect to gold and silver.

    By the time the masses understand the significance of the role of gold and how little gold the U.S. has left, it will be too late to do anything about it.