The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde.
Pierre Lassonde on BNN
Dudley's "Downside Risks" and Draghi's "No Limits" were all it took to trump the worst global macro data since 2012 (JPM Global PMI) and send stocks soaring... Some quick thoughts from (ironically) 1930...
Gold Rose Another 10% In February – Best Month Since January 2012
Gold bullion rose 10.1% in February adding to the 7% gains seen in January. This means that gold is the best performing asset this year, up 17% so far in 2016. Silver is the next best performing asset with an 8% gain year to date, followed by US Treasuries (30 Year Bond) which have gained 7.8% so far in 2016.
So much excitment but by the end of the month...
Some high-/low-lights for February...
As if several markets tumbles and heartstopping short squeezes in just the first two months of 2016 have not been enough to turn professional traders' hair prematurely gray and drive all retail daytraders permanently out of the "market", here is a warning from Wedbush's otherwise quite somber repo market analyst, Scott Skyrm, according to whom the volatility is only just starting.