from King World News
Top Advisor to the largest sovereign wealth funds and institutions in the world, Michael Belkin, warns central banks are lighting a rocket under the gold price.
Michael Belkin: “The GDX has doubled (+104%) since its January 19th low. Gold, silver and gold/silver mining stocks have commenced a new long-term bull market. It’s like buying the Nasdaq in April 2009. Meanwhile, global stock indexes have been in a broad topping process for years, our global composite stock index stands at the same level as it did in December 2013, two and one half years ago. The trend has not been your friend in stock indexes, every rally has fizzled out for buy-and-hold stock market investors…