You know the day destroys the night
Night divides the day
Tried to run, tried to hide
Break on through, to the other side
As I write this, gold is flirting with breaking through $1,350 and it’s getting everyone excited.
Well, the gold bugs that is.
But will gold break on through to the other side like the Lizard King, Jim Morrison, sang so many moons ago?
Every two-rate newsletter that didn’t mention gold a couple years ago now has a gold promotion with their “latest resident gold expert” (Note: nothing more than a well marketed desk jockey).
That alone tells you that retail investors are starting to get interested in gold. The many franchises of newsletters don’t waste time marketing things that don’t sell subscriptions to the retail audience.
Gold is Getting Hot Again on the Institutional Side
Bankers who I knew well during the 2011 gold bull top are back at it attempting to raise equity and clip their fees.