Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors “this is going to end in absolute disaster.”
July 10 (King World News) – Egon von Greyerz: “This is going to end in an absolute disaster. The stock markets believe this up-move is real. The Nasdaq has gone up more than 50% since the crash. But the stock markets finished a correction up on the 8th of June, except for the Nasdaq. So the next move down, the crash in markets is imminent. And it’s not just in the US and Europe. Hong Kong itself could trigger a global crash. The gold and silver markets are starting to discover this looming crisis with silver breaking out above $18 and gold trading over $1,800. We’re seeing the most incredible debasement of currencies that has ever happened in history. Therefore, the metals haven’t…to continue listening to the powerful KWN audio interview with Egon von Greyerz discussing the coming global collapse and the breakouts in the gold and silver markets click here or on the image below.
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