Corrections in Gold tend to be limited to 8% to 10% at the most while corrections in the gold miners tend to be limited to 15%. The exception is when you get a vertical recovery, like..
China, for much the same reason, is buying physical gold from other countries and also from gold miners within its jurisdiction. In fact, China recently announced they have record holdings of gold.
The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That’s insane.
Wall Street's shunning of gold and silver serves the interests of brokers and investment bankers – not clients who would stand to benefit from exposure to precious metals.
