Eclipse Revelation: Deutsche Bank’s Top Credit Strategist Jim Reid Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money”

Over the past 24 hours, gold and silver (and oil) had a great day yesterday, with the rally continuing on Wednesday, sending silver nearly 100% higher than its March lows. On a Year-To-Date basis, Gold (+21.4%) and Silver (+19.3%) have had significant standout moves compared with global risk – which as a reminder is what Central Banks are doing everything they can to prop up the markets artificially – even when WTI (crude oil) is down (-26.1%).