This Excerpt from Mark Leibovit’s VR Silver Newsletter covering Stocks, Bonds, Gold, US Dollar, Oil CLICK HERE
GOLD and METALS – ACTION ALERT –
Precious metals surged across the board to record highs as the Dollar fell and traders looked for safety after mixed economic signals and uncertainty in Europe with the recent bailout of Ireland, even though spreads have narrowed in recent days. Gold rose 29.60 to 1414.50, just shy of the intraday high of 1425.50 set on November 9. Silver jumped 0.84 to 29.38, hitting a thirty-year high of 29.43. Platinum rose 14 to 1725. Palladium jumped 7 to 767 and hit a ten-year high of 783.
I continue to urge you to buy Gold and Silver bullion on dips. We are experiencing a worldwide currency devaluation not seen since the 1920s and 1930s. You will not notice the Dollar, Yen, or Euro decline in value against each other because they are falling together. But you can clearly see their declines when you compare them to the metals and even to other commodities. Gold and silver have become the currencies of default and the Dollar is trading off of them. Gold and silver are money again!
Also from Equedia
Time to Shine
It’s about time the contrarians realise that the world has changed.
Gold continues to climb, closing at over $1400/oz this past Friday. And the word on the street is that this run is far from over.
That’s why later this week we will be releasing, for the first time this year, a Special Report Edition focused on a junior gold explorer. More on this in a bit.
Gold imports into China have soared this year, turning the country, already the largest bullion miner, into a major overseas buyer for the first time in recent history. China’s hunger for gold (see Where the Billionaires Invest) shot gold prices to new levels this past week when the Shanghai Gold Exchange said that China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year.
But despite record nominal gold prices, gold miners just can’t keep up with the demand. And that’s not a bad thing for us junior precious metals investors.
….read more Time to Shine, The Juniors Dominate & The Hottest Gold Plays HERE