IKN

More matter with less art

Gold has broken out today and is going higher

Be clear that by calling long on gold, it does not necessarily mean an auto-bull on any other metal or even the precious metals mining stocks, we need to consider those separately. All I’m saying is that the price of a troy ounce of gold has made a very significant move today and is now on course for U$1,800/oz by the end of this year:
Get used to the idea and adjust portfolios accordingly, if required. As for mining stocks, IKN forecasts that the next fashionable buzzphrase among analysts and dilettantes* is set to be “cost creep”.
*Apologies for the redundancy

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