Gold, Silver race as liquidity flees Dollar
By Gene Arensberg
So we have got gold at $1300, silver at $22, big mining stocks within inches of breaking out, the buck gets gutted (and skinned), oil pops above $80, copper trades above $3.65…and the Fed is worried about deflation? Really?
Look, wait a minute, Isn’t this the scenario we thought would happen in 2008, back when the Dollar was under so much pressure then? You know, just before the July Massacre and the world plunged into the 2008 panic from hell?
We are witnessing the process of liquidity fleeing the Dollar and trying to find some kind of “stuff” that will hold its value. This, as confidence in paper and in the governments that print that paper evaporates as the global sovereign race to cheapen most all fiat currencies accelerates. It’s just great for gold and silver mavens to be alive.