My statement was that in times like these rather than
Most people that follow what you do, what I do, what the hard money camp, the gold/silver guys talk about, they understand this, but they are very tired out, worn out. I mean I coined the phrase a long time ago that “the silver market would either scare you out or wear you out.” We are definitely at the wear you out phase. And this is where complacency sits, in where they've manipulated the market, we even have proof Deutsche Bank admits it, there is a new CFTC ruling that's gone on, that they've singled out an individual that's going to turn over evidence and probably bring others into the mix on spoofing the market in the silver market, and yet we don't really see any real significant price change.
So, the complacency (mindset) is, look, I know what's going on but it doesn't matter because these guys have got control and they are always going to have control. You know, it brings to mind, the adage, the dark comes before the dawn, the big struggle for seed to germinate, that last little
First of all, I want to back up a second Mike. As you know, and you're
China's gold demand is set to surge about 50% to about 1,000 metric tons this year. Their demand for gold bars are on track to make a 50% move in 2017. The geopolitical risk internationally is probably at an all-time high and this is leading to safe haven demand again, for smart money, nation states, people in the know, people that have basically sold off their stocks quite some time ago near the highs, that have capital sitting on the
And the other fact, is that gold is 12% higher for the year and it's actually out performing stocks. Yet, if you stopped the average investor on the street and asked them what's doing better this year, I'd say about 90%, probably higher than that, probably 98% would say, well stocks are doing better than gold.
- Source, Market Oracle