Gold & Silver: The Master Plan - Mike Maloney
-- July 30
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
"Gold has now lost all of its gains since yesterday. But that has caused gold stocks to lose all of their gains since July 20th, when the price of #gold was over $100 lower. This is a classic wall of worry. Stock investors are scared the bull market is over every time gold drops."
“In ancient times, heavenly alignments foretold doom,” writes Sharps Pixley’s Ross Norman in a market advisory this morning. “What would the ancients have had to say about the recent extraordinary planet parade when Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune plus the dwarf planet Pluto – all lined up together? And, at the same time, that most basic and primal of metals, gold, was also shooting up to the stars. When seemingly random and disconnected events align, they seem to exert a powerful force that goes beyond the collective gravitational pull of each component.. So it has been for gold which has now risen by 30% this year, and the yellow stuff still has momentum. Gold’s dramatic spike is shining a light on some uncomfortable truths.”