GDX hits through 17.34

Just this past Thursday I said GDX should go lower around 17.75, well, we sliced right through to 17.34.  I still hold true that buy now, stop out 10% lower, now at $15.60, a low for 2008 is a relatively low risk play.  10% loss for possibly buy low deal.

Good luck!

Last Entry point for GDX?

If you want to get back in, consider putting various buy points at 18 through 16.25, with a stop at 16.
This will provide a 5-10% risk entry depending on your cost averaging.
Miners hit 60 bucks only couple of years ago, as the saying buy low sell high, unless of course buying low turns out to not be low enough :)

Considering 2008 crash brought GDX down to 16, its pretty low now.
To the chart!

Steve Basker, UK Parliament speech

A VERY good public speaking summary of the currency challenge the world is facing.  And the impact of how the entire wealth system is being skewed by the current system benefiting money creators.



I am thinking Bitcoin was simply the first volley, the NEXT thing is likely to be the big thing.
But overall this is VERY healthy to see we are bringing to the public discussion items I pointed out in January 2011, 'Ideal form of money, empower the people'
Time will tell.

Gold, USD, and 2015

If we ignore relaity, and look at the measuring sticks of USA proclivity, USD valuation, and  thins such as inflation, I think 2015 looks insanely awesome!
This statement comes with caveat of those who are employable and those who are not.
As I explain in March of the Robots Deflation for Decades, we will experience in the west downward pressure on the masses for income.

But right now, the question focuses on three things.  Interest rates (govern everything for future growth), USD valuation compared to world currency basket, and GDP to debt ratio.

The GDP to debt ratio is actually immaterial, for it rests on the stronger vs weaker to maintain sustainability.   So it less about mechanics and more about people positioning.

So lets take a look at on Interest rates and USD valuation:

We are not even close to 2002 valuations, so USD as room to run upward.
If it does all commodities are downward, including gold.

The real story is borrowing on future income, interest rates.
Looking at USD 30 year bolds, the gold standard for long-term debt, we can analyze the 10 year return:

then we come to gold, the outdated form of deflationary protection:

We have been on a tear since 1970, about when Nixon decoupled:

This DOES NOT mean gold = money.  Gold is the WORST money ever.  What this shows as an investment since 1970 god is about 3-4 times more valuable.  Depending on stock market plays, this is either great or terrible.

The low-down is we continue to be in a middle ground, looking for direction.
when that happens I expect gold to rocket 15% higher in one day.
Good luck.