The following chart is very interesting to say the least. We should be near or at the green trend line that has been a resistance/pivot zone multiple times during the this “FIAT only” regime. Sure, gold is not as cheap as when it hit the upper red band in the year 2000, but the miners are back near historic lows. Another reason why I see the miners as potentially a once in a life time buy today.
Also, remember that the gold/silver ratio is currently near historic highs… If gold is very cheap relative to stocks, then silver is ultra cheap based on historic ratios.
I am currently working on a few new gold stock reports. Stay tuned!
The Hedgeless Horseman
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