Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events told King World News that the gold and silver shorts are getting nervous as the mining shares have soared 38 percent in just 16 days.
Egon von Greyerz: “Eric, let’s start with some good news today. Gold is behaving as strongly as can be expected in this first phase of a very long and strong bull market. Gold is up over $80 in October, and every correction down is quickly retraced. This is typical bull market behavior. I would expect the shorts to already be very nervous. Every attempt to sell is now failing…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Egon von Greyerz continues: “But remember that this (rally) is just the beginning. The next target is over $1,400, but I expect gold to go higher than that this year. Not later than the first half of 2016 gold should make new highs. Silver hasn’t really started to move yet, but it will soon start motoring and it will move a lot faster than gold. But investors must also remember that silver is very volatile. Even better news for precious metals stock investors. The HUI (Gold Mining) Index is already up 38 percent this month. But we must remember…To continue listening to the incredible audio interview with Egon von Greyerz, where he discusses the worldwide collapse, what investors can do to prepare and protect themselves, why gold and silver are headed to new all-time highs and much more, you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Richard Russell Warns Countries Are Now Preparing For A Collapse In Global Fiat Currencies And Panic Buying Of Gold CLICK HERE.
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