As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies spoke with King World News about what will happen when the real panic begins to unfold.
Rob Arnott: Founder & Chairman of the Board of Research Affiliates – Rob’s firm RALLC manages and licenses nearly $200 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach…
Rob Arnott: Founder & Chairman of the Board of Research Affiliates – Rob’s firm RALLC manages and licenses nearly $200 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach…
Here is another bullish gold catalyst, plus the “Light at the end of the tunnel.”
As we end of the second week of trading in July, the big picture for gold is bullish but look at what the hedge funds are up to, plus chart of the week and many other surprises.
With the Dow hitting another record, inflation has just hit an 11-year high, plus other surprises.
With the Dow up more than 200 and the bond markets weaker along with gold, silver is preparing to breakout, the Fed and its bubbles, deja vu summer of 2007, euro vs dollar, plus miners vs gold.
With the war in the gold market continuing, today 46-year market veteran Bill Haynes told King World News, “Each time a major (gold) bull market has followed.” Plus Schiff says gold is screaming inflation.
With the price of gold surging back above $1,425 on the TOCOM in Japan, multi-billionaire Hugo Salinas Price says the US government invented Bitcoin to distract the masses from the eventual collapse of the dollar and to prevent people from buying gold.
With the price of gold surging $20, Peter Schiff says the collapse of the US dollar will lead the world back to gold, plus so goes China, so goes the world economy.
