On the heels of gold prices tumbling this week, Jim Cramer is telling you to sell gold.
October 25 (King World News) – Tavi Costa at Crescat Capital: “Jim Cramer is telling you to sell gold. That’s all you need to know about where we are in the cycle. We’re just starting to see central banks acquiring gold in a big way. This is the first time since 1996 that they own more gold on their balance sheets than US Treasuries. These types of trends don’t stop here. Back in the ‘70s, central banks used to own 75% of gold on their balance sheets. Today they own 20+%. So if…to listen to Tavi Costa discuss exactly where we are after the recent pullback in gold, silver and mining stocks and what to expect going forward CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss this week’s trading in gold and silver as well as what to expect next week CLICK HERE OR ON THE IMAGE BELOW.
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