The Price Of Silver Is Setting Up For A Historic Run!
- The Price Of Silver Is Setting Up For A Historic Run!
by www.kingworldnews.com
With gold and silver pulling back ahead of the FOMC activity, today acclaimed money manager Stephen Leeb spoke with King World News about what is really taking place behind the scenes in the gold and silver markets. Leeb believes that the price of silver is setting up for a historic move to the upside. Here is what Leeb had to say in this powerful interview.
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Leeb: “We are seeing the usual takedown in gold and silver ahead of the FOMC statement, but I’m still focused on China because it’s the elephant in the room. What China is doing is clearly accumulating a great deal of gold. The Indians are also continuing to accumulate gold, it’s just being done through increased smuggling….
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The reality is we are going to see a move in silver that will dwarf the move in gold, even though gold is going to see one of the greatest bull markets in the history of any metal. But silver will really explode in price because it is a monetary metal, and it’s a critical energy and industrial metal as well. So the weakness we are seeing in both gold and silver today has nothing to do with the long-term fundamentals which remain incredibly bullish.”
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