Fed Skeptics Seek Gold Safe-Haven As Bullion Bears Capitulate
by Tyler Durden
ZeroHedge.com
02/18/2016
Gold is having one of its best starts to a year in history as investors start to lose faith in central bankers’ ability to deal with economic challenges. Fed skeptics as well as capitulating bullion bears are being drawn to the precious metals as Bloomberg reports,
“The safe-haven demand appears to be where people are focused on, and that is on a loss of faith in central banks being able to manage through this period,” said Klein, executive chairman of Australia’s second-biggest producer.
Bullion is “certainly getting more attention from people who have generally been bears over the past few years,” Klein said in a phone interview.
Even with the weakness of the last few days, Gold is still up 15% YTD – the best in at least a decade…
The Rest…HERE
