Silvernut

I can certainly agree with your sentiments re the good old days.

I know how you feel because all of my positions in juniors are badly under water.

The one bullet point you listed that catches my attention is the USD selling at 52 week lows rather than at 52 week highs. We must always remember to check our currencies against gold remembering that none of the currencies are floating but rather they are sinking at different rates creating the illusion of being higher. If all one looks at is the side of a ship relative to the water when backing up slowly it is hard to tell whether the ship is moving backward or the water is moving forward.

The U.S. dollar to gold is just about the same this year as it was last year at this time. The yen is actually a touch higher. The franc is just slighly slightly lower. The Canadian dollar and the euro are clearly lower. Net/Net the currencies are lower to gold this year than they were last year.

Some time ago I posted a link to a chart I made up on Stockcharts.com thinking all might enjoy it where I tracked long term (8 yrs.) the individual currencies to gold ratio all stacked atop one another. It's still obvious we are making progress (but very slowly at this point). I linked to the chart once when I was not logged in at Stockcharts and found the chart wouldn't come up properly because I has exceeded the non paying member restrictions in creating the chart and then realized the chart could only be viewed properly by those who pay for the Stockcharts service. Additionaly, something was changed on this editor and we can no longer post pictures except as internet links so I cannot post the chart (even as a static moment in time) here as I would wish to.

It's my "go to chart." Everytime I get discouraged I go to it. I look and see that nothing fundamental has changed.

P.