Nick Santiago has been enjoying the increased volatility and profiting from it. If the Yen starts to strengthen, it’s going to be a disaster for the stock market. It will result in a reversal of the Yen “carry trade.” Stocks will go down and a sell-off will result. Gold probably made its bottom recently and Nick is bullish on the yellow metal. Nick isn’t selling any physical metal and he’s certainly not alone in that regard. He is however selling off some of his paper bullion. The history of fiat currency insures that physical bullion is needed to protect everyone’s wealth.
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