Jordan Roy-Byrne removing a few myths:
- The odds of hyperinflation are extremely remote
- Silver: We won’t see an explosion until the market exceeds $50 which may not happen for another 12 months. It is just wishful thinking.
- we need to understand that historically gold stocks do not outperform Gold
- Sorry but hedge funds are not shorting the juniors. The juniors are extremely risky illiquid and are the worst performers when the broad market is weak.
Some relieve:
- The current reality, as we described in a recent editorial, is one of risk aversion. That is good for Gold but bad for gold shares. However, Gold is rising relative to mining cost inputs which will be a bullish catalyst for the gold shares in a few months and likely when this summer selloff abates.
http://news.goldseek.com/GoldSeek/1309182727.php