Mining Stocks, Gold and Silver Vs. Treasuries and The U.S. Dollar

Right now treasuries and the U.S. dollar are viewed as refuges of safety, while gold, silver and miners are sold off. The perceptive investor notes that these U.S. debt instruments are forming a parabolic move as the herd tilts the see-saw in an unsustainable direction.

Again it is Mackay’s “Madness of Crowds” repeated over and over again. The panic is reaching such irrational heights that the masses are willing to give their hard earned cash to the Federal Government at negative interest!

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