I wrote a note for our staff on Friday and said, “Do not sell your positions. This is an orchestrated takedown to encourage you to do just that (sell out).” I guess what we went through was just about as violent and unpleasant an experience as we’ve had in the whole bull market, which is now over 12 years in duration, but when we look back on this period two or three years from now, I think it will look like a small blip on the chart.
However, I will say that I think it does absolutely nothing to the long-term outlook for gold, which is extraordinarily positive. More importantly, this will be the last opportunity to buy gold and silver at bargain basement prices. I also think the next move higher is going to take them in to new territory and we will never see these prices ever again in this current monetary system.”
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.