Gary Savage om guld & guldaktier

Några rader från en ny intervju med Gary Savage (Smart Money Tracker) på bullmarketthinking.com: “Once This Bottom Is Formed, We May Never See Gold At These Levels Ever Again.”

“Gold isn’t in a bear market, it’s [just] been in a consolidation since the top of September 2011. If you pull up a 13-year chart, it shows that gold is not in a bear market, not even close. The miners however, are in bear market, and they have been for 19 months now, and they’ve lost 50%. That’s about an average cyclical bear market…[So] I think the miners are [primed] to bottom along with gold at this yearly cycle low, which I don’t think occurred today, but I think we’re within a day or two of that final bottom.“

“The valuations in the miners are absurd. The gold XAU ratio is higher than it’s ever been before in history. This is coming at a time where the miners have gotten the hint…management is cleaning up their act…[and] the sector is doing what it needs to do to turn itself around. [But] since the trend is down, people just invent reasons for why the miners should continue to go down. Eventually rationality is going to return, people will recognize that mining stocks are not going bankrupt, and they’re just too insanely cheap.”

“We definitely started a [panic selling climax] today in my opinion. The volume on GDX and NUGT was just through the roof, [but] we’re close [to a bottom]…If you have the emotional ability to buy at those bear market bottoms, that’s where the really big money is made…[and] once this [bottom] is formed…we will probably never ever see gold back below this level again.”

“The gold bull cannot end until the fundamentals change, and they have not changed, they’ve only gotten better…[So] I think we’re about to leave these levels behind forever.”


Lyssna på hela intervjun här (mp3)

3 reaktioner på ”Gary Savage om guld & guldaktier

    • Sprott säljer för att delta i deras nya PP, dvs för att köpa in mer silver till PHSLV? Har han väl gjort flera gånger tidigare, handlar alltså inte om någon försäljning.

  1. ”If you pull up a 13-year chart, it shows that gold is not in a bear market, not even close. ”

    – Vilket skitsnack! Så han kan se in i framtiden då eller? En bearmarket har ingen början? Hur tänker han?

    Nej detta är bara propaganda. Tomtar väljer tidsintervall för att kunna visa det som passar dom. Drag upp ett två-års-diagram istället…

    Man blir så trött på sånt där trams! Dave, varför lägger du upp sån skit??

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