RE: Found This Broker Note!8 Oct 2018 12:29
When the POG gets to $1500 and beyond, the sentiment towards gold and the miners will be more about herd mentality than mere facts and figures. So wouldn't like to nail my flag to the cross with a price, suffice to say I think it will be above what the true worth will be, as opposed to it being below what the true worth is today. So many of the major players and their central banks loading up on gold while at the low prices and even smaller players doing the same. You have to look at that as an indicator that the POG and the sector will change for the better. When? Who knows, but if you wait long enough and are invested already. Then imo it will be a big gain. Without doubt the markets are manipulated, but those that do it only have so much control, and once the markets have a major correction and they will. Then they lose that control and the prices go on a free run. I will say, I think that will be within 2 years, and I lean more towards 2019. To much going on globally to say what will be the catalyst, but as long as the USA keeps kidding itself that their economy is doing well, when all the major companies are well over valued due to buying their own stocks, then the see saw will teeter.