Josh Sigurdson talks with author and economic analyst John Sneisen about the massive gold rally which hit a 7 year growth high over the New Year!
As it continues to climb, people are once again seeing the value in precious metals.
Gold and silver have been heavily manipulated via ETFs, big banks, the Exchange Stabilization Fund among other master manipulators. Most notably since 2012 when gold climbed 1000% from 2002, gold was held down in an artificial bear markets. The physical sales were up but ETFs manipulated it into oblivion.
While we did see a big rally in January 2016, it appears gold is starting to breach the hands of the manipulators as we reported in December, it had broken the 7 year bear trend. This is great for silver and gold.
Of course we at WAM are big supporters of diversification between gold, silver, Bitcoin and other cryptocurrencies as a way to pull away from the failing central banks and fiat is printed into nothingness.
Interestingly, as gold and silver climbed over the New Year, the dollar slumped and there’s no surprises there!