Loading ...It was like this in 2000, after a 20-year bear market.
Many people were very badly broken at that time, which is what spurred me to start commenting on the subject, markets, etc.
The HUI went to 50.
Sentiment was dismal and persisted for years into the bull.
This is of course necessary to create the ‘wall of worry’ on which the shares will eventually climb. (Soon I hope like starting in October / November)
All we need is for stocks to crater and the Fed will pivot.
New highs for PM stocks should ensue by 2027 – assuming the markets are still functioning.
Gold to $1850 first though – HUI to 150 – 160ish range if 180 doesn’t hold.
Have a nice day.