Posted on 06/08/2016 4:00:24 PM PDT by bananaman22
It wasn’t so long ago that some of the more famous investor gurus were shrugging off gold as nothing more than shiny trinkets with no investment value. They were wrong. This safe haven is back, the recovery is clear, and there have been some very big changes of heart.
The biggest gold producers in the world have seen their share prices double this year. Not only are gold prices soaring, but producers are cutting costs and slimming down debt as they pave the way for gold to return to the top of the favored commodities list.
Even though gold dropped earlier in May, Thompson Reuters noted that shares outstanding for two major ETFs tracking gold rose 11 percent, and precious metals ETFs enjoyed four straight weeks of inflows in May. A ton of money is moving around here.
And thanks to a wildly overvalued U.S. dollar, gold may have nowhere to go but up.
(Excerpt) Read more at oilprice.com ...
What about silver?
I commented then that ... IIRC ... that was a possible reason for JFK's assassination ... that he wanted to get rid of the FED
Silver will follow, and the ratio will fall from 75:1 to 45-50:1.
Now is the time to stack that. The price has been manipulated down for a very long time. The GSR will close rapidly.
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