Gold and Silver have rebounded as the market reacts to the long awaited Fed Pivot. Great for PMs, right?
Well a very important indicator for Gold bull markets is not confirming its recent strength. Not yet at least. I explain in the video below.
Click Here for My Video (5 Min)
Click below for my interview of Rick Rule. The video is divided into chapters. I think 9 minutes to 23 minutes is the best part for you.
Interview with Rick Rule
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TDG #860 I wrote a report on a company that is a very cheap developer. I calculated that it was trading at ~$7/oz Gold and ~0.07x NPV.
The company is super-leveraged to a bull market in Gold. It also has two other positives, which I can't mention. But they give it a leg up on other companies.
Rick Rule said developers are trading at the lowest valuations relative to NPV in his 50-year career.
I have been looking at two Silver developers this week. I am writing a report on one for TDG #861. These stocks can rise even in a flat Silver market, as they advance their projects.
These are high-quality assets that are trading at less than half of what they would have traded at 3 years ago. What happens when Silver breaks $30 and moves towards $50?
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