Coxe Advisors LLP, and former advisor to the $540 billion BMO Financial Group, stepped up and shared a reaffirming statement for battered gold bulls.
Don indicated that, “Gold was ready for a pause. While it
regroups, the politicians and central bankers will continue to devote
themselves to making it absolutely necessary [to own]. Because of our
confidence in those money-printers and deficit ‘increasers’…we expect to
rebuild our gold exposure…and therefore believe gold’s peak price will
eventually be far above its previous high.”
Here are Don’s comments, in their entirety…(more)
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by Bill Holter, via Silver Doctors:
The COMEX will default in the next week or several weeks and people
will be “settled” with Dollars, no more metal will be delivered!
So, knowing that “game over” has arrived, they are
dumping a massive volume of paper contracts with impunity to push the
metals prices as low as possible before the “default”. This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God”. They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply.
“Who could have seen it coming?” will be the mantra. I would suspect
that banking stress and “bail ins” will also become prevalent globally.
The pricing structure” will now push any and all physical
sellers away from the markets and the “door” to safety is effectively
being shut. Either you own metal or you don’t.
After the closure of the COMEX and LBMA doors there will be
no availability and “price” will be meaningless. Your ability to protect
yourself is right now for all intents and purposes being eliminated.
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