Gold and Gold Stocks Skyrocket As Stock Markets Falter
By: Jeff Berwick
GoldSeek.com
Sunday, 7 February 2016
Something is in the air. A big shift. Something has changed dramatically in the past six months since the end of the Shemitah and beginning of the Jubilee year.
Last summer we warned that the collapse would begin in the fall of 2015 and less than two months later, stock markets around the world crashed. They then had a rebound in October, at which point we said they would not recover to the highs of the summer and would crash again, making 2016 a bloodbath. That happened just as we predicted. The markets around the world were heavily in the red for January.
We believed bitcoin was a buy under $250 in the summer and it since has hit a high of $500.
We also recommended buying gold and gold stocks, and here for a while we weren’t so succesful. While gold rose in most currencies over the past six months, it remained mired below $1,100 in US dollar terms and gold stocks were weak.
That all seems to have changed beginning at the start of this year.
Gold began the year at $1,060 USD and is currently at $1,173.
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