On the heels of gold and silver seeing a huge down day, one of the greats in the business said he was not selling any precious metals today. Plus energy leads the way and another golden opportunity.
Energy Leads The Way
November 9 (King World News) – Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: Stocks closed off highs but still massive surge, led by Energy’s stunning +14.2%; Tech lagged with NASDAQ -1.5%…traditional cyclicals fared well but not enough to shift leadership YTD or since 2/19 (same goes for value relative to growth)…SC’s gain today nearly all from value side…
ALERT:
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Not Selling Any Precious Metals Today
Fred Hickey: A vaccine that works! Fantastic. Next year I’ll be able to travel safely again. Economy can rebound. So the Fed can stop suppressing interest rates near 0% (not). The Fed can reverse all the trillions of dollars of money printing (not). Also remember Fed was printing $120 billion a month before virus.
But if the Fed doesn’t pull back the trillions of dollars they’ve already printed (never mind that they probably won’t stop) and the economy (demand) starts to rebound…well, that was the scenario where inflation might go wild. So I won’t be selling any precious metals positions today.
Another Golden Opportunity
Alasdair Macleod: Gold price reaction to the Pfizer announcement reflects desperation of bullion banks to close their shorts. For the rest of us another golden opportunity to protect ourselves against fiat debasement.
To listen to this is incredibly powerful audio interview where Jon Case issued a dire warning about the US and discusses the fragility of the global financial system as well as massive bull markets in gold and silver CLICK HERE OR ON THE IMAGE BELOW.
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