Even the talking heads at CNBC can’t get in the way of MoMo of this gold rally. The collapse of the British pound is the spark that finally lit the fuse. Now the fuse is burning and all the central bankers and all the corrupt banks can’t stop the explosion soon to come. The people of the world (especially the Chinese, Arabs, and Japanese realize they have been had by Uncle Sam. Those huge Treasury auctions to fund our stimulus and bailouts and deficits will be met with laughter. Fool me once, shame on you, fool me twice, shame of me comes to mind.
On top of that Kinross raises capital and could be looking to take over a Junior Miner. My favorite junior in this area to get bought out is Yamana Gold AUY.
Bill Bonner made the case for gold also.
