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The long-cycle in precious metals
, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (
) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal."
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The whole thing is a fraud carried out by artificial means to keep the $US where it is. It should be much lower; given the inverse relationship with gold and silver and other metals, gold should be much higher. Chances are the white collar criminals behind this manipulation are now piling up on gold and silver in every form possbile - bullion, certificates, ETF's and Call options...
Feb 21 10:52 AM
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