Gold bugger's state of mind.. Ever since the election, the 1970s type of inflation has come into full swing. Bob Hoye has observed that the big game in the financial markets is inflation and financial assets. Hoye has looked at the history of these financial bubbles and the patterns that accompany them to determine what we can expect out of the current circumstances.
Goldbuggers x-perts with their infomercials come out of the woodwork with the slightest little hint of an upmove.
Gold starting to look more bullish to me. I believe the inflation storyline is going to stick. It's a little unclear how best to play it on the miners though.
It may not happen at all if broader markets rally. I made no purchases today once Gold reacted badly to the 8:30 news. Still holding two gold/silver miners.
If current GC daily support breaks, tighten stops, because there is a lot of space in between before next level down:-