If you are familiar with all facets of the junior mining sector and need no further elucidation as to their intricacies, please go directly to Part II
On approximately August 1, 2006 GoldSeek.com posted The Summer of 2006, Parts I and II, A Treatise on Imbalances. Once again, I endeavored to offer a few ideas as to why the precious metals complex was the place to be investing during the last half of this year. I am still anticipating a jump start to the gold and precious metals sector when September 2006 arrives. A best, it has been a difficult summer for the sector.
Part II of II
A treatise on Imbalances…and the Calm before the Storm For Now, Gold is being manipulated by both sides but that will soon change
I want to make one point now and that is that gold is being manipulated down by both sides; but I don’t believe this will last much longer. On the one side, the US wants the price of gold depressed (subdued?) in order to demonstrate that there is no inflation, that the dollar and the stock markets are strong, and the economy is humming along. Gold is sound money and the antithesis of fiat currencies so it is quite obvious why the power elite doesn’t like to see gold appreciating in price.
The Summer of 2006: A treatise on Imbalances…and the Calm before the StormPart I of II
It’s almost August, and Investor Patience wears Thin
This piece will most likely be posted around the beginning of August and then before you know it, we’ll be heading into September and a few short weeks later the autumn season will be upon us. Many gold analysts believe October may well prove to be a pivotal point in the precious metals complex due to cyclical considerations. Some pundits believe it may be a short term peak and others believe it will be just another point in the upward trajectory. So as time marches on, which direction will gold, silver, and the precious metals travel? As I’m fond of saying, I sat on my crystal ball and it “don’t work dat good no more”. But we have some excellent resources of our own and I want to share a few of them with you a bit later on.
