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« Stock Trader Update 09 December 2015 | Main | A Black Friday for Gold Prices »

The US Dollar Outplays Gold Year To Date 02 December 2015




The above chart compares the progress of the US Dollar with gold since the start of the year. As we can see the divergence is some 22% which has helped increase the value of our cash holdings in readiness for the resumption of the gold and silver bull market.


The bottom is being called on a daily basis as it has been for the last three years or so. We are not in that camp and continue to hold off from making acquisitions in the area of precious metals stocks. We can agree that they are cheaper than they were, but that does not mean that they are value for money or that they cannot fall further as this year draws to a close. In fact some are carrying such a large debt load that the debt has become greater than the market capitalization of the company.


If the situation doesn’t improve and fast, we could witness the disappearance of some of what we have come to regard as household names in this sector.


Patience is still the order of the day, so use this time to formulate a list of the stocks that you would like to own when gold and silver sparkle once again.


If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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