Gold: The View from the Miners

Bullion Vault

Junior Gold Mining bosses have turned bullish on prices…

PUBLISHED EVERY DAY since 2002, Clif Droke’s Gold & Silver Stock Reportstudies daily and weekly technical outlooks on precious metals as well as individual stocks, and forecasts the near-term outlook for leading indices.

In addition to gold and silver, Clif Droke – a seasoned market analyst – covers uranium and energy stocks from a short-term technical standpoint, and also publishes the Momentum Strategies Report and the monthly Gold Strategies Review, both launched in 1997. He is a critically acclaimed book author, covering how-to volumes on channel busting, parabolic analysis, selling short, chart reading and turnaround trading, plus broader trends including the housing bubble.

Here, writing for the Gold Report, Droke looks at gold’s current all-time highs, the XAU index of Gold Mining stocks’ new 2009 recovery high, and the public’s fear of a Dollar collapse…

IS THERE A BASIS for this latest gold and silver stock rally in light of the recent 10-year cycle peak? What would be the justification for it based on the cycles?

My answer is that investors are responding to the 10-year cycle peak by running to the precious metals and its related vehicles by treating them as safe havens. The public’s fear of a Dollar collapse is no secret and has reached the saturation point. According to one recent poll, fully 98% of the public is bearish on the Dollar’s prospects going forward.

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