by Chris Waltzek
Peter Grandich of Peter Grandich and Company rejoins the show with positive comments on the PMs – the physical bullion market is finally overtaking the massive paper short positions, stymieing manipulation schemes. Global investors are cognizant of the currency wars and potential for EU disintegration, making PMs the goto safe haven asset class. The mainstream press continues to ignore the explosive gold / silver rally story, focussing instead on a meager percentage gain gain in the stock indexes. Peter Grandich and the host view this as a positive from a contrarian perspective, indicating the hoi poli have not yet begun to accumulate PMs. Given the stygian view by major media outlets on the precious metals, the sector remains the antithesis of paper assets. While gold and silver assets are anathema to most of the media sources, the rebound is the primary focus of alternative news sources, such as Marketwatch and Bloomberg.com. The PMs are expected to remain in a bullish trend for years to come.