The Gold Report: Were you surprised by the collapse of the prices of gold and silver?
Chris Mancini: Yes, I was very surprised. I thought that the macro backdrop for gold and silver was very positive at the beginning of the year. The Federal Reserve had just begun its process of Quantitative Easing 3 (QE3): printing $85 billion ($85B) a month. Japan announced it would undertake its own QE program, which would be a much bigger percentage of its GDP than the U.S. plan.
TGR: And Mario Draghi said he’d do “whatever it takes”?
CM: Yes. The president of the European Central … [visit site to read more]
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