Three weeks ago the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, Egon von Greyerz, told KWN:  “There are so many black swans circling at this point.  So there is no chance of a U.S. interest rate hike as I have been saying for a while. … All central banks will do whatever they can to hold rates down.  The problem is that the bond market is the biggest bubble in the world and at some point there will be a major panic in the bond market.”…

Continue reading the KWN piece below…


Advertisement

To hear which company investors & 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:

GoldSwitzerland:MAM - King World News


Yesterday John Embry told KWN:  “Now if one looks at the turmoil in emerging markets and listens to the various advice emanating from various international organizations, one would have to bet on no rate hike at this point.  In addition, the U.S. economy is far weaker than the authorities care to admit.  And on that basis the last thing necessary at this juncture is a rate hike.”

And two days ago Art Cashin noted:  “Stay Thy Hand – The Economist has joined the BIS, the IMF, the World Bank and scores of others in calling on the Fed to delay the rate hike.”

So today’s decision by the Fed to leave interest rates unchanged comes as no surprise.  It did send gold and silver rallying along with stocks and bonds, while the dollar fell about 1 percent.  What is also noteworthy is that the HUI (mining share index) recently broke to new lows but had absolutely no follow through whatsoever to the downside and now the sector is in rally mode.

King World News - WARNING: The Greatest Wealth Transfer In History And How Fortunes Will Be Made And Lost

The Greatest Wealth Transfer In History 

This is all part of a longer-term bottoming process in the gold market.  It’s impossible to know if the bottom has already been made, but there is no question that when gold enters the next leg higher in this secular bull market, fortunes will be made on the upside in gold, silver, and the high-quality mining shares.  Likewise, fortunes will be lost as paper assets such as bonds implode as one of the greatest wealth transfers in world history unfolds.

***ALSO JUST RELEASED:  FOMC Decision, Earthquake In Chile And Wild Trading In Key Global Markets  CLICK HERE.

© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.

If you are interested in purchasing physical gold and silver for delivery you can call SQ Metals at (406)586-4842, or you can email them at [email protected] or [email protected]

King World News RSS Feed

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someonePrint this page