“If investors are willing to acknowledge that higher Chinese equity prices, especially in the H-share markets, correlate strongly to higher PMI Manufacturing then they need to be open to a broader cyclical upturn with the liquidity being provided by the entire monetary stimulus recently announced. The key point here is that China and silver are inexorably linked as China is the world’s largest industrial user, the world’s largest refiner, and the government owns all the refineries,” adds Azous.
iShares Silver Trust
Tom Lydon’s clients own shares of GLD.