http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/31_Leeb_-_Silver_to_Break_%24100_This_Year_%26_Gold_Bull_on_the_Move.html
It’s an eleven year bull market and people still need reassurance every time gold and silver dip a little bit, especially in the case of gold. When people no longer need reassurance, it won’t necessarily be the end of the bull market, but it will certainly be a sign the market is much more mature than it is today.
The big takeaway is this is not even a mature bull market. We are still just an inch or so off the tarmac. I think with the Fed’s recent announcement they are considering QE3, and probably will institute it, the second leg of the bull market has begun.
The Chinese have been buying gold at a record pace. They are very likely already the largest consumer of gold, and they are going to use gold to eventually back their yuan. There should be a message there for other countries, but instead other countries are engaged in a race to the bottom. They are printing as much as they can
It’s an eleven year bull market and people still need reassurance every time gold and silver dip a little bit, especially in the case of gold. When people no longer need reassurance, it won’t necessarily be the end of the bull market, but it will certainly be a sign the market is much more mature than it is today.
The big takeaway is this is not even a mature bull market. We are still just an inch or so off the tarmac. I think with the Fed’s recent announcement they are considering QE3, and probably will institute it, the second leg of the bull market has begun.
The Chinese have been buying gold at a record pace. They are very likely already the largest consumer of gold, and they are going to use gold to eventually back their yuan. There should be a message there for other countries, but instead other countries are engaged in a race to the bottom. They are printing as much as they can
