- The Greatest Bull Market, A Gold Standard & Silver Shortages!
Today acclaimed money manager Stephen Leeb, told KWN, “the world is rapidly heading toward what you would call a ‘de facto’ gold standard,” and that we will see “shortages of silver over the next 5 to 10 years, massive shortages.” Leeb, who is Chairman & Chief Investment Officer of Leeb Capital Management, also told King World News that investors are now “looking toward what I believe is going to be the greatest bull market of our lifetime — the one in junior miners.” But first, here is what Leeb had to say about the situation in Europe: “For a few hours after the Greek results were announced, investors were breathing a sigh of relief. Initially we saw a big uptick in stocks, commodities, but gold was trading lower. Then investors realized the elections didn’t mean a whole lot.”
“At that point you saw gold recover some, while stocks gave up the overnight enthusiasm they enjoyed in the futures markets. At the end of the day, Europe is a mess, and it is still up to the Europeans to decide what to do to get out of this situation. The strongest evidence of the continued chaos in Europe is a chart of the Spanish bond yields. Spanish bond yields are now approaching 8%. That’s a crazy number….