I keep hearing the talking heads talk about a possible easing of interest rates or monetary policy from the European Central Bank. Recent comments from Ms. Lagarde HERE.
This would round out the whole world in an easy money posture. Europe, and specifically the Germans had been the holdouts for "austerity".
It is hard to see how precious metals won't benefit from such policies.
And now, after only a few days Goldman has changed their recommendations on gold speculation. I sure hope it was a profitable trade for them. (See my recent post, "Stratton".)
AND while you are reading....