by JS Kim
Last year, we were consistent in stating all year that every dip in the price of gold and silver assets was a trap and false buying opportunity that would just precede lower prices. This year, we’ve been consistent in our message that every significant dip has been a true buying opportunity and would precede strong rebounds in the price in gold and silver assets. For example, on 25 August, we wrote a piece titled, “Don’t Worry. Falling Gold and Silver Prices Equals Big Opportunity”, and well before that, on 21 June 2016, we penned a piece titled “Three Charts that Show Much Higher Gold and Silver Prices are Still Ahead.”
This time around, we informed our members that it didn’t matter what the Federal Reserve announced yesterday, that either announcement would turn out to be long-term bullish for gold and silver. However, I made it very clear that I believed the “do nothing” Fed would indeed do nothing a couple of days ago, and that such a do nothing decision would likely lead to an immediate spike in the price of gold and silver mining stocks, which is exactly what materialized.