chartsmaster

If You Had Any Doubt

Long
NASDAQ:RGLD   Royal Gold, Inc.
I have been posting about gold and silver and the mining stocks for about a year and stated back in March that the greatest bull market in financial history would begin in "three weeks or three months". I recently recapped that the three weeks was wrong but that the three months, meaning July, was correct. If anyone still has any doubts about the outlook for gold, silver and the mining stocks, take a look at a long term chart of RGLD. This premier royalty company went from 25 to almost 85 in the Jan.2016 to July 2016 spike. After correcting it went on to higher highs last year and another higher high recently. This, while most mining and other royalty companies have not gotten anywhere near their July 2016 highs. The recent high for RGLD is only a few points below it's all time high set in 2012. This company has always led the gold and silver stocks since being a publicly traded company. Although I feel there are much greater percentage gains to be made in the mining companies that are just getting ready to breakout, such as CDE, using RGLD as the canary in the coal mine to guide you as to what is coming, is a great way to keep ahead of what's likely to happen next. Buy gold, silver and CDE. Chartsmaster
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