METALS & MINING: BLOOD IN THE STREETS – DAVID MORGAN & AMIR ADNANI
April 8, 2013
Since the 2008 financial meltdown, the Federal Reserve has printed mountains of fiat cash while the government continues to borrow and borrow, with no end in sight. Yet even as the DOW has soared, precious metals mining shares have been absolutely gutted. David Morgan says that right now, “per dollar invested you’re probably getting the best buy you could have gotten in the past three decades, if you’re buying the mining index as a whole.” “The mining sector as a whole has been beaten up really badly”, Morgan says.
So is now the time to suck it up and buy the mining shares of quality companies, while blood is flowing in the streets? That’s what made Rothschild rich beyond his wildest dreams (that and the fiat printing presses!). Or should you only stack the PHYSICAL metal?
Morgan says he believes that the consolidation period is nearly over for the precious metals, and that it’s also probably very nearly over for the mining equities as well.
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