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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Real Man who wrote (112980)	11/9/2020 10:12:43 AM
From: Sun Tzu	Read Replies (1) of 116954

XME is up b/c we expect the economic growth and industrial activity to go up. There's a similar argument for oil, though imo not as convincingly. The puzzle is why silver is down while XME is up. Silver has a lot of industrial uses and unlike gold it is actually consumed rather than just horded. Off the top of my head, I can think of two arguments for why silver is down: (1) in sympathy with gold as there will be less incentive to print money endlessly, (2) expectation of increased supply from LatAm and elsewhere. Neither argument is very convincing to me and I think that longer term silver has a very bright future. I am just waiting for it to stabilize off the right MA before I start buying. But what I really want is to hear what everyone else is thinking.

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