The man who, unbelievably, predicted the collapse of the euro against the Swiss franc in 2015, today sent King World News a brief note about Deutsche Bank’s failure to deliver gold and issued a dire warning.
Deutsche Bank & Germany To Collapse?
Egon von Greyerz: “The Deutsche Bank situation is not new and I have talked about it many times as you know. Deutsche Bank is bankrupt, but you must realize that they are an institution, and therefore the German government will not let Deutsche Bank fail before the country fails. Both of these events will of course happen, but not yet.” King World News will have more coverage of the Deutsche Bank situation shortly…
Also, for those who may have missed this from earlier today…
A weaker than expected jobs release in the United States has sent the price of gold and silver surging but here is the big surprise. According to the release, there were a total of 151,000 jobs created in the U.S. and that was below the median forecast. This immediately sent the gold market higher and silver surged more than 2 percent.
Meanwhile, the HUI Mining Index has already experienced a 23.3 percent correction at the lows of Thursday’s trading (see weekly chart below).
The miners are showing early strength in pre-market trading and this strength should continue throughout the day if the gold and silver markets can remain firm.
Speaking of the miners, KWN has just completed an interview with the man who is chairman of one of the premier gold companies in the world today. What is extremely interesting about this company is not only the fact that they already have over 10 million ounces of gold in the ground and 13 million when you include gold equivalent, but also the fact that one of the largest and most respected banks in Latin America has taken a 10 percent position in this company and has participated in every single offering the company has done. Why is this so interesting? Because this is the only gold company in the world that this bank has chosen to invest in.
This company was acquiring high-quality properties on the cheap during the bear market in gold but their chairman believes that the company’s latest acquisition, which was just announced yesterday, will be the most important in their history. And when the new resource estimate is announced, it may increase the gold ounces in the ground by a staggering 50 percent! That would mean that at today’s price, the company is only selling at roughly $10 an ounce of gold in the ground.
A Huge Opportunity
This is the kind of opportunity that is available after the correction in the HUI Gold Mining Index. If you are looking to invest in one of the high-quality companies to take advantage of what will be a massive secular bull market in gold, then this company should be on your list. I would encourage all KWN readers around the world to stop what you are doing and listen to this very short but important interview with the company’s chairman by CLICKING HERE.
***Also just released: Is This About To Radically Change The World Forever? CLICK HERE.
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