He observes "A secular bullish perfect storm trend for precious metals continues. Rapidly escalating global investor demand, easier participation by investors via ETFs, conversion of Middle East petroleum dollars to gold, rising new demand from Asia, possible central bank buying partially offsetting central bank selling, conversion from dollars to gold by large US dollar denominated foreign exchange reserves, declining gold production, increased political and NGO interference to bring new sources on line, rapidly escalating costs to produce, delays and shortages of equipment and manpower, previous two-decade bear-market-induced shortage of intellectual capital for miners, safe-haven buying to hedge strong, reckless, competitive dilution of under- backed fiat paper currencies, probably continued de- hedging and continued troubling global political and religious tensions are just some of the factors contributing to the long-term bullish winds now blowing."
Him saying this means that "In real terms, gold remains undervalued versus nearly all other commodities and strongly undervalued as measured by the world's fiat paper promises [currency]."
In short, one more reason to buy gold. Now. Today.
Keep your eyes on the charts and look for the longer term trends
And, even more so for silver.
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