2013-02-22
| Bias | Subject | Owned |
|---|---|---|
| BULLISH on GOLD | RESOURCE | _N/A |
Gold. There are a lot of negative comments, but they are not really looking at the big picture. The big picture keeps getting stronger and stronger and we should come back and review what is going on right now. When there is a spread between reality and perception is when you really make money. He has never seen this spread bigger than what is going on right now. Physical demand is outstripping production by a huge amount. Most of that deficit is coming out of the central banks. Central banks have gotten rid of the gold. The Germans have started to ask for their gold, so the music is stopping.
Jaime Carrasco
Investment Advisor,
Blackmont Capital