Bill Murphy of GATA.org and LeMetropole Cafe outlines his battle plan for the precious metals market.
⦁ The metals have held their ground relative to stocks and bonds.
⦁ The dash to US dollars continues to erode the confidence in the Euro currency, putting downward pressure on the gold price (As anticipated by Goldseek.com Founder Peter Spina's months earlier this year).
⦁ Eventually, the "sleeping-behemoths," i.e., financial institutions, such as pension funds, insurance funds and money managers will increase precious metals exposure from 0% to more traditional levels, 10%-20%.
⦁ The resulting impact of unmet demand will catapult the bull market to atmospheric levels.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
