Here They Come!!!!!!!!!!!!!From Monty Guild
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THE BIG PLAYERS ARE STARTING TO ACCUMULATE GOLD
In recent weeks I have been receiving calls from some of my market professional friends and contacts about how to purchase gold for their multi billion-dollar portfolios. They tell me that it is their intention to hold about 5% of the pension fund, mutual fund and hedge funds they manage in gold shares. I believe the reason that gold shares are outperforming the metal is the entrance of professional money in large size into the share market.
Interestingly enough, a few days ago a large European brokerage firm did a survey of their institutional investor clients. The survey revealed 70% of these investment managers said that they would buy gold and gold shares for 5% of their portfolios over the next 3 years. This is huge news. The total market value of the publicly traded gold shares is small. If these giants carry out their promise and put 5% of their money in gold shares, the shares will rise a great deal in the next 3 years just to accommodate the institutional investors buying.