Intraspecies predators (psychopaths) abound in Financial Markets continuing to . . . aid the Gold trade. In the near term, panic stricken investors (not to distant victims of wholesale bank failures! The CIBC has been named as a potential failure!) will have few alternatives with Gold and PMs and their equities the most obvious. This movement (along with the bowel!) is happening as I excise!
"As the banks and most every other sector drags down the stock market, during that time the precious metal mining stocks have benefited. This rare negative alignment is ridiculously favorable for mining stocks, and very welcome news. Por fin! (finally!) The mining sector is receiving positive press, more respect, and some recognition as a viable hedge from the prevalent deep price inflation witnessed on a global basis. Wait until the bank runs come in force! The flight into gold will be profound. " Jim Willy
Deep drilling on the "hinge" will exceed Goldcorp-like resources timing of which (abiet accidently) will follow the upward climb of gold in near lockstep with SP topping out at heights requiring oxygen!
Add a couple of bottles of O2 to your survival necessities for the coming times of food and commodity rationing! (hopefully, deterioration to levels this low won't come to pass!)
RUF