Will Uncle Sam Nationalize PM Mines
This monumental bear market in gold and silver mining shares has as probably its most passionate objective that of driving out, of shaking out the small fry investors before the inevitable price reversal towards the heavens. With most other sectors in a savaged condition, when this most drubbed sector warpaths its way on the strength of new all time nominal, followed by new all time price adjusted highs in the metals, so many beleaguered investors from other sectors that skidded will propel the PM shares (the ones that were able to get through the naked short-selling desert) to an upwards trajectory mania that will leave nay-sayers stripped of their bark.
“Say come to think of it, it was a silver mine!”
Brad Dexter in “The Magnificent 7” (1960)