A Deep Shaft

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I was amused last night to discover that I was pointed out by no less a person than Peter Schiff on no less a network than Reuters as to being “totally wrong” about my grim views of gold. Well, as almost always seems to be the case, just about the only asset in the red this morning is – yep – gold. We got a little two day respite (Friday, Monday), but it’s back to its old stinky ways.

I have no doubt there will be a bounce at some point………..perhaps even a hearty one………but the damage is vast. Just one look at the gold and silver index, and I think you’d agree that 2017 is going to plumb much vaster depths (for miners in particular) than precious metals bulls want to conjure.

1220-gdx