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Egon von Greyerz continues:  


“The potential exists here for a major upside move.  Just look at the major charts you published today.  These are charts that show gold will move up exponentially once the key levels on those charts are taken out to the upside.  I am absolutely convinced there will be unlimited money printing worldwide, and the gold market is reflecting that.


The move that we have been seeing to the downside is not justified at all....


Continue reading the Egon von Greyerz interview below...




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“It’s been in the paper market, but the physical buyers are continuing their aggressive purchases.  The downside volatility we have seen is just what we have to live through in this, so far, 12-year bull market.


We could see more volatility for another week, but the gold market should be strong until the end of the year, and accelerate to the upside for many years to come.  Meaning, the strength will continue into next year.  In terms of euros, gold is now breaking the downtrend line which has been in place since the decline off of the recent peak. 


We will just have to see if the dollar/gold downtrend is decisively broken here in short order.  KWN readers have to remember that the financial system is in trouble, and governments will continue their out-of-control deficit spending worldwide.  In this environment, governments will continue to destroy the value of their paper money.


So this is like a train.  You can’t stop it.  The gold train will just continue to pick up steam, and it will take out anyone that gets in its way, including the manipulators.”


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with John Embry, Stephen Leeb, Don Coxe (BMO $538 billion), Rick Rule, James Turk, Egon von Greyerz and Gerald Celente are available now.  Also, be sure to listen to other recent KWN interviews which included MEP Nigel Farage, Jean-Marie Eveillard, and Art Cashin (UBS $612 billion) by CLICKING HERE.


Eric King

KingWorldNews.com

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