Craig Hemke a/k/a Turd Ferguson joined us for an analysis of current precious metals prices. The last four years have been a lesson in counter-intuitiveness according to Craig. After QE1 and QE2, gold prices increased 70 percent each time. The question is why didn’t that happen after QE3? What’s been happening to the metals markets and all the other markets during that past four years? Some believe that they are rigged and will continue to be rigged until something major happens. Certainly the wars in the Ukraine and the Middle East should be bullish for gold and yet it continues to fall. There’s obviously more to the story than meets the eye.
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