RE: 611p23 May 2024 18:49
There are stacks of juniors that are just showing signs of breaking out of their 2020 downtrends. that we've seen in most of the junior space.
I posted up some STOLEN T/A over on GJGB back in October pretty much bang on the floor for the sector at that time. (Don't have to scroll back too far to find it as not many post over there)
Two predictions were in that
One, that Gold would move over $2000 by the end of 2023 - Well we can all see that it's continued to run and run.
The second was that the juniors would put an almost 100% move in.
Now some juniors have definitely done that, but the sector index certainly hasn't (yet).
So guess that highlights sorting the wheat from the chaff.
What will it take from the index to really start to breakthrough?
Can't see the central banks of the world stopping buying Gold now that they have switched from holding US treasuries in favour of Hard metal.
We've had several decades of the US military showing up on the doorstep of countries any time any nation has previously hinted at pegging their currency to Gold or paying for oil in anything other than dollars.
However, It's now starting to look like the days of the petrodollar could be numbered if the Brics nations launch a gold backed currency what would the gold price have to move to?
Seen some truly eye watering orice predictions.
Gold and Silver are still massively under represented in the average portfolio (although not likely the readers of this forum) .... :-)))
With the average portfolio only having exposure of about 1.5% to PM's.
If the plans to ussher in CBDC's are going to be rolled out as soon as 2030.
I wouldn't be surprised to see your average mom & pops investor driving demand for Gold and Silver (gods money) through the roof over the next few years.
Nothing goes up in a straight line but I expect the ATH's for Silver to be comfortably taken out at some stage.
GLA
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