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Gold has climbed from about $1,800 an ounce to nearly $3,000, and according to Stansberry Research's Brett Eversole, that's just the beginning. He believes this bull market could ultimately send gold to $8,000–$10,000 per ounce before it's all over.
Gold has been rising months now, with investors loading up on the safe-haven asset amid mounting economic risks even as equities nabbed record highs left and right.
While the prices of precious metals have soared recently (about 40% year to date), gravity is taking effect as investors turn away from gold and silver today. As of this writing, the price of silver is down nearly 7%; consequently, First Majestic Silver (AG -9.54%), a leading silver producer, is seeing its stock sink lower.
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