Today
40 year veteran Don Coxe told King World News, “Gold is a global asset,
and as a global asset it’s trading at an all-time high.” He noted that
it is only, “… the dollar price of gold where it isn’t at an all-time
high.” Coxe, who is Global Strategy Advisor to BMO ($538 billion in
assets), also spoke about “… an extremely rare event for equity
markets,” which was directly related to the mining shares.Here is what Coxe had to say: “We’ve had a period of consolidation (in gold) for the last two weeks. Almost every other day we trade the ‘Independence’ level, which is $1,776. Well, we traded above that, then we went below it, and now we’re back up to $1,768, and maybe we are going to finish the day at $1,776.”
Continue Reading at KingWorldNews.com…
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