Marc Faber: Sell Bonds, Buy Gold
Embry: “We are finally putting in place a bottom in gold and silver. This process has been really ugly, and it’s gone beyond any rational action in terms of price. People are finally beginning to acknowledge that the gold and silver miners, particularly pure silver miners, are operating way below their cost level. This situation is totally unsustainable. But having said that, the thing I am really focused on is the bond market.
Embry: “We are finally putting in place a bottom in gold and silver. This process has been really ugly, and it’s gone beyond any rational action in terms of price. People are finally beginning to acknowledge that the gold and silver miners, particularly pure silver miners, are operating way below their cost level. This situation is totally unsustainable. But having said that, the thing I am really focused on is the bond market.