Peter Grandich: When Gold Breaks From This Base, It Will Trigger A Stampede Of Momentum Buyers
By January 25, 2013– Published in on
I had the chance this week to reconnect with Peter Grandich, publisher of "The Grandich Letter," for a powerful new interview. Peter has been issuing major market calls with tremendous accuracy for decades now, beginning with the 87' market crash, and more recently calling the 2009 stock market bottom.
During the interview, Peter gave a sober outlook on the junior resource market, warned of a frightening class-warfare to arrive shortly in the US, and spoke on which key market will trigger a collapse making 2008 look like just a warm-up.
Peter also spoke on gold and silver, indicating, "It's a stealth bull-market...what I mean by that is, never in 30 years in this business could I say a market could have risen as much as they have, and still see so few net participants in it...Go to any financial institution in any part of the country and look at any 100 accounts, and you won't find 1 out of 100 that own physical metal---the bulk of the buying net-net, has been outside of the United States."
When asked about this excruciating consolidation period for many investors, Peter explained that, "They [the metals] have digested a decade's worth of large gains, they've built a very strong base...as tough as it is for somebody to struggle with it, the longer the base is built, when the inevitable breakout to the upside comes, the bigger that move can be. I believe that move is coming this year. When it does...
To read the remainder of this interview, visit, BullMarketThinking.com…