Today legend Art Cashin warned central bankers are worried about systemic risk as global liquidity dries up. Egon von Greyerz warned systemic risk will become systemic implosion.
This only happened in the gold market two other times, plus look at these famous magazine covers.
Today one of the greats in the business quoted Jesse Livermore’s famous “be right and sit tight,” warning gold may anticipate a historic Fed pivot.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that we may see Dow 3,500 and $35,000 gold.
Billionaire Pierre Lassonde told King World News that the price of gold is headed back to $2,000.
Pierre Lassonde: Chairman / Founder of Franco Nevada & the Lassonde Entrepreneur Institute – Pierre was President of Newmont Mining Corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a co-founder and co-CEO of the original Franco-Nevada. He is past Chair of the World Gold Council, has served on many mining boards and is recognized for his philanthropy…
We have a major banking crisis unfolding involving as many as 6 Globally Systemic Important Banks.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST, WE MADE THE DECISION TO LAUNCH THE WEEKLY WRAP!
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST, WE MADE THE DECISION TO LAUNCH THE WEEKLY WRAP!
It has been a dramatic week for gold and silver as the uncertainty over the crisis in Europe continues.
