---
title: "Precious Metal Gold Bugs"
url: https://independentstockanalysis.com/precious-metal-gold-bugs/
description: "Note this chart of credit adjusted gold from Real Return Investing at Ritholtz . This piece might be the most worthwhile read of the week. UBS warns of…"
published: 2012-07-19
updated: 2012-07-19
---

# Precious Metal Gold Bugs

Published 2012-07-19

Posted on

by

J.J. Butler

Note this [chart](http://www.ritholtz.com/blog/wp-content/uploads/2012/07/06.png) of credit adjusted gold from Real Return Investing at [Ritholtz](http://www.ritholtz.com/blog/2012/07/real-return-investing/?utm_source=dlvr.it&utm_medium=twitter). This piece might be the most worthwhile read of the week.

UBS warns of possible hyperinflation: [Zero Hedge](http://www.zerohedge.com/news/ubs-issues-hyperinflation-warning-us-and-uk-calls-it-purely-fiscal-phenomenon)

“On Thursday, gold futures recorded a negative 12-month return for the first time since July 2009. This is a rare occurrence over the past decade, happening on only 118 trading days, or just 4.5% of the time.” [WSJ](http://blogs.wsj.com/overheard/2012/07/16/golden-years/)

“If we tabulate a **33**% increase in valuations, a **100**% increase in margins and a 32% increase in production, it yields share price growth of 250%. This equates to HUI 1400 in 2014.” (I reversed the bold numbers-JJ) [Daily Gold](http://thedailygold.com/the-potential-for-gold-stocks-in-2013-2014/)

Meanwhile, the gold miners are still stuck in the mud: [Market Anthropology](http://www.marketanthropology.com/2012/07/prospecting.html).

Gold Stocks are due for a “Bounce!” Is a 30-year under-performance long enough? at [Kimble Charting Solutions](http://blog.kimblechartingsolutions.com/2012/07/gold-stocks-are-due-for-a-bounce-is-a-30-year-under-performance-long-enough/). The gold price direction: [Peter Brandt](http://peterlbrandt.com/gold-is-going-to-1260oz-but-what-good-is-knowing-this-if-the-nfacftcfiafedsec-cartel-lets-your-broker-steal-your-money/).

Rick Rule on the tightness in the physical silver market: [King World News](http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/17_Rule_-_The_Physical_Silver_Market_Is_Getting_Dangerously_Tight.html).

Is Silver about to rally 10%? at [Kimble Charting Solutions](http://blog.kimblechartingsolutions.com/2012/07/is-silver-about-to-rally-10/). This silver chart is the largest symmetrical triangle I have ever seen: [Nifty Charts](http://niftychartsandpatterns.blogspot.in/2012/07/silver-chart-analysis.html).

Europe Runs Over the Platinum Price at [WSJ](http://online.wsj.com/article/SB10001424052702303612804577533120040539042.html).