Is it TIME TO BUY GOLD again?
Florian Grummes says gold’s break Wednesday above 4,200 was the signal he had been waiting for, and he has moved from 50% invested to 80% invested on the back of it.
The founder of Midas Touch Consulting tells Kitco News anchor Jeremy Szafron that the trigger was not the metal itself but the Federal Reserve’s new facility accepting Japanese collateral, which he calls “back to money printing” and compares in direction to the swap lines used during the Credit Suisse rescue.
