My Blog
Egon von Greyerz continues:
“One after another, Eric, these bubbles will start bursting in 2013. 2013 will be the beginning of the destruction of this wealth, and that destruction will be of an enormous magnitude as one bubble after another bursts.
I could see tens of trillions (of dollars) disappearing from wealth worldwide....
Continue reading the Egon von Greyerz & Tom Fitzpatrick interview below...
Advertisement
To hear which company investors and institutions around the globe are flocking to
that has one of the best gold & silver purchase & storage platforms
in the world click on the logo:
“But today I’m actually looking at a very at a very interesting technical picture. I also know many gold and silver investors are concerned today. We should look at the long-term chart because if I look at a 13-year chart of gold, the correction we’ve seen in the last 18 months, you can’t see it. It’s just wiggles on a massive price move up.
So even though gold is down something like $30, it’s absolutely not noticeable at all from the bigger picture.”
Along the same lines, this came in from top Citi analyst Tom Fitzpatrick: “We believe we have just reached the ideal pivot for gold to form a base and move higher as it did after the 16 month consolidation in 2006-2007.
Fitzpatrick just recommended clients get long gold at these levels, “... with a minimum (price) target of $2,055-$2,060.” He also advised using a stop for this trade.
Fitzpatrick added: “We expect gold to move significantly higher in the months ahead.”
Here is the big picture, 10-year chart Fitzpatrick provided:
© 2013 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 This material may not be published, broadcast, rewritten, or redistributed.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 above information was just a very small portion of the incredibly powerful and timely KWN interview with Egon von Greyerz. He calls for a sharp turn and significant rally in the gold market, covers key global markets, the technical and long-term picture and much more. The KWN audio interview with Egon von Greyerz is available now and you can listen to it by CLICKING HERE.
The interviews with Felix Zulauf, John Hathaway, Gerald Celente and Eric Sprott are available now. Also, be sure to listen to the other recent KWN interviews which included Art Cashin, Michael Pento, MEP Nigel Farage, Michael Belkin, James Dines, William Kaye, John Embry, Jean-Marie Eveillard and Rick Rule by CLICKING HERE.
Eric King
Fitzpatrick & Greyerz - Fantastic Gold Chart & Commentary
Today King World News is pleased to present an extraordinary piece with both Tom Fitzpatrick and Egon von Greyerz. Greyerz, founder of Matterhorn Asset Management, discussed global markets and gold, while top Citi analyst Ftizpatrick has just recommended clients get long gold, and he provided a tremendous chart. But first, here is what Greyerz had to say: “Eric, I see bubbles, I see bubbles everywhere in stocks, bonds, credit markets, derivatives markets, government debt, central bank debt. We have bubbles in Europe, the US, and Japan.”
© 2013 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.
February 15, 2013
