Today 42-year veteran Bill Haynes, President of CMI Gold & Silver, told King World News that the public is now buying “monstrous” amounts of physical gold and silver. Haynes also discussed what this unprecedented buying means going forward and how it will impact the market.
Here is what Haynes had to say: “Eric, this was a 3 day week for us because of the holiday schedule. In that 3 days we did more business than what we have done in any single week in years. The buying is monstrous in here. As an example, we had one buyer which completed a transaction for $6.8 million.”
Bill Haynes continues:
“Those type of players are in here making large physical purchases of gold and silver. Eric, there’s no doubt about it, there’s fear. There is fear and there is acceptance that the West is in real trouble here. So, we are seeing unimaginable buying here of both physical gold and silver.
This is the type of buying you see when you are nearing the end a long period of digestion, and you are about ready to break out on the upside….
Read More at kingworldnews.com.
Recent Comments