by Jeff Nielson
Bullion Bulls Canada
Happy days are here again in precious metals! Did you hear? There is a “rally” taking place at the moment. Yes, the price of gold has rallied all the way back to where it was at the end of 2009. The price of silver has rallied all the way back to where it was in the middle of 2009. Woo-hoo!
[…] For those readers who don’t think that returning to the prices of seven years ago, and recovering a tiny portion of the (nominal) price gains that have been lost in recent years qualifies as a rally, this commentary is for you. Readers have already been informed that the current “rally” is a fake-rally, for obvious and persuasive reasons. At the top of the list was silver’s failure to “lead the way” during the first two months of this pseudo-rally. This is impossible, for two reasons.