The timing of this acquisition could be just perfect , the DOW has the speed wobbles , Bitcoin ( Well is Bitcoin ) Lol and Pot Stocks ( Although the companies are strong ) there SP's have dived after the initial hype train that got the to there crazy highs. If VEC had got this acquisition done 6 Months ago , we would of been stuck in a short Gold downturn instead of the stable and steady rise we are in ATM
I think the original time for DD to be completed was around March , a 6 Month downtrend followed !
Gold has historically outperformed equities during periods of market stress. Counting 11 episodes beginning from the 1987 market crash, gold has increased an average of 6.8% while the S&P has declined 19.4%.
During six recessions since the 1970s, gold increased on average 20.8%.
Since 2000, gold has outperformed bonds and equities despite a substantial drawdown from 2011 (see chart below)
Tocqueville Gold Strategy Fourth Quarter 2018 Investor Letter
http://tocqueville.com/tocqueville-gold-strategy-fourth-quarter-2018-investor-letter/
BY JOHN HATHAWAY ON JANUARY 11, 2019
Now all we need to do is start trading againHahahah , just a minor point !
