Fred Hickey discusses the Alice-in-Wonderland markets, plus a look at gold and silver.
Within hours KWN will release an audio interview. Until then…
Alice-in-Wonderland
June 12 (King World News) – Fred Hickey: Truly an upside-down Alice-in-Wonderland experience. An experience I’d rather not had. The Fed’s monstrous money printing has destroyed all semblance of efficient capital allocation (markets) with huge negative implications long-term and yet the Fed denies all culpability.
There’s only one thing that will save my hard-earned wealth from the massive currency debasement that’s in process and the resulting economic destruction ahead – precious metals gold & silver), the ultimate protectors of wealth for thousands of yrs. It’s the best story of all.
I don’t know if it’s possible to completely reverse this morning’s 800+ point DJIA gain (over halfway there), but if it did – and taught these newbie dip-buyers a lesson, even though I might lose money on my miner positions – it would be well worth it. (Hope I didn’t just jinx it)…
Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.
Silver
Graddhy out of Sweden: Still holding above my possible green h&s neckline. White dotted lines are important levels. Let´s see what it wants to do. (See below).
Gold/Silver Ratio
Graddhy out of Sweden: For the 10 day consolidation just below my blue falling wedge, wen now have negative divergences that looks to be falling off a cliff.
Within hours KWN will release an audio interview. Until then…
Dow Tumbles Over 1,800
***Also Released: Dow Tumbles Over 1,800, But This Sums Up Gold & Silver CLICK HERE.
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