"I am getting very bullish on gold and silver. I think precious metals as an asset class will do very well and you will see new, all-time highs in both gold and silver over time," Frank Barbera said.
Thompson forecasts a strong year-end for the silver, despite price weakness so far in Q2/12, and shares the names of a select group of companies that stand to profit.
Gold was going up before quantitative easing (QE) was even a term in the English language. Gold went from somewhere around $300/oz to $800/oz before we had QE. The thing that drives gold is not dramatic—it's not like a new round of QE and it's not geopolitical; it's the fact that real interest rates are negative right now, close to 3%.
Investors may still be holding their breath, but larger mining companies aren't waiting around for the price of uranium to go up. No, indeed, they are buying smaller companies on the cheap.
