World markets are agog with the specticule of twenty year highs in the price of precious metals. Most Market anaylists are betting on a sharp Price correction downward. This would seem highly likely due to Profits-taking by Market Speculators. But what if there is no correction?
Running Costs for Mining recovery have been increasing for the last Quarter-Century, while accumulated Precious Metal stocks have been diminuishing. It is obvious nothing has become cheaper, both within and without the Mining industry. The Question must be asked: Are Precious Metals regaining their Standard-Bearer definition of True Value?
The Monetarist power of Central banks may have eroded under the venue of too-slim Reserve margins, combined with unrealistic Interest rates. Only Time will tell. lgl