Bob Moriarty outlines the dramatic impact of recent news headlines on the precious metals markets. Bob runs www.321gold.com
- Bob comments on the precious metals market consolidation.
- Gold miners appear to be building steam for the next bull stampede.
Bob Hoye has been predicting a new bull market for gold and a new bull market for gold shares literally from the last couple of years. So there's nothing new about it.
I'm actually in the process of writing a piece right now about a stock that's that simply absurdly priced given the amount of gold they've got and the permitting etc. This is the opportunity that people have to be putting instinct bids on some extraordinary stocks and they should not look at correction as a bad thing. This bull market is just barely out of the charts.
- Are gold and silver shares trading at deep discounts?
I think gold hit $2460. I think the peak at the shares have barely moved as silver was $50 an ounce 44 years ago. So, at $32 bucks an ounce, you cannot say it's expensive. I believe there's been a shift in the resource market from gold and silver into lithium, copper, and nickel. What the big money companies are now waking up to is that it got too crowded.
- When might the PMs shares "catch-up" with the price of gold?
- How pragmatic is "Green" / renewable energy for the mainstream?
- Is it time to batten-down-the-portfolio-hatches?
- Are gold and silver the ideal "reserve assets" or every portfolio?
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About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
