Bill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.
Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.
According to the mountain of empirical research at GATA.org, the nefarious cabal is quickly losing control of the PMs markets.
In the XAU shares sector, equities investors are placing leveraged bets on much higher underlying metals prices.
Several reliable sources indicate that peak-gold production has curtailed supply at a critical juncture in the financial markets, just as demand builds.
Investors may have grown complacent amid a spectacular paper asset bubble, as huge money flows shift into highly undervalued hard assets.
The resulting massive wealth transfer could catch millions of investors off guard.
The discussion turns to the AG market, silver that could be the most undervalued asset in the world today.
Given the rise in palladium to more than an ounce of gold over $1,500 recently, the sky could be the limit for a similar industrial PM, silver.
A sea change in central bank attitude towards silver occurred recently in Moscow, where stockpiles include seventy pound bars of silver.
If the trend continues, the already dwindling supply conditions could reach a tipping point faster than anticipated by most financial models.
Against the unprecedented backdrop of over 90 : 1 silver to gold ratio, once silver closes above $21 on a weekly basis, Bill Murphy expects the price to rapidly begin an ascent to the $50 peak of 2008 / 1980, build a new base and ignite the 2nd rocket stage onward to triple digits.
Bill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets over the past few weeks. Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell, to corral the bulls. According to the mountain of empirical research at GATA.org, the nefarious cabal is quickly losing control of the PMs markets, most evident in the XAU shares sector where equities investors are placing leveraged bets on much higher underlying metals prices. Plus, several reliable sources indicate that peak-gold production has curtailed supply at a critical juncture in the financial markets, just as demand builds momentum. Investors may have grown complacent amid a spectacular paper asset bubble, as huge money flows shift into highly undervalued hard assets. The resulting massive wealth transfer could catch millions of investors off guard. The discussion turns to the AG market, silver thatr could be the most undervalued asset in the world today. Case in point, given the rise in palladium to more than an ounce of gold over $1,500 recently, and the fact hat silver has several fold the industrial / medical applications of palladium including photovoltaics, advanced electronic circuitry, as well as virtually every electronics item on earth includes a small amount of silver, the sky could be the limit. A sea change in central bank attitude towards silver occurred recently as the currency reserve stockpile in Moscow now includes seventy pound bars of silver; if the trend continues, the already dwindling supply conditions could reach a tipping point faster than anticipated by most financial models, shifting conditions in favor of PMs investors. Against the unprescedented backdrop of over 90 : 1 silver to gold ratio, once silver closes above $21 on a weekly basis, Bill Murphy expects the price to rapidly begin an ascent to the $50 peak of 2008 / 1980, build a new base and ignite the 2nd rocket stage onward to triple digits.
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