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Kenneth D. Worth
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Author of the book, Peak Oil and the Second Great Depression (2010-2030), A Survival Guide for Investors and Savers After Peak Oil. The book presents a fairly conservative strategy for growing savings in an world of declining conventional crude oil supply. We entered that world in 2005. Despite... More
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Peak Oil and the Second Great Depression (2010-2030)
  • Precious Metals Bull Market Has Begun 0 comments
    Aug 22, 2013 10:31 AM | about stocks: SLV, GLD, GDX, GDXJ

    For reasons previously expressed by this author, precious metals are in a long-term secular bull market (2000-2030). Two years ago, however, the metals got a little ahead of themselves and a cyclical bear market was the result.

    I suggested at that time that bulls should exit the market or even go net short the PM's. For silver, $25 was given as a downside target (and purchase price target) with a period of consolidation to follow.

    What we got was a full-on bear market, with plenty of opportunities to purchase in the $20-25 range. That bear market appears now to have run its course.

    With the stock market back in "overvalued" territory and the Fed's money printing continuing unabated, PM's have once again become very attractive.

    The coast is now clear for the next leg of the PM bull market to begin.

    Recommendations: SLV, GLD, GDX, GDXJ and similar ETF's.

    Happy investing!

    Disclosure: I am long SLV, GLD.

    Themes: Precious Metals Stocks: SLV, GLD, GDX, GDXJ
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