Right now I am focused on some very key markets. Japan obviously is making the headlines, but the U.S. stock market is also giving all of the appearances of being at the beginning stages of a substantial correction.
When you think about what’s been a headwind for gold, it’s been the attitude of, ‘Who needs it? We’re making money hand-over-fist in stocks.’ But I believe we are at the end of that phase now. So right now I’m watching with the expectation that we are in the midst of substantial and adverse corrections in what have been competing assets for gold.
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