Pento - Gold Reveals Global Markets On Thin Ice

"Today one of the top economists in the world sent King World News an exclusive piece covering the incredible turbulence that has just taken place in the gold market .  Michael Pento, who heads Pento Portfolio Strategies, also believe that major global economies will be badly whipsawed going forward.  Below is his tremendous piece.

 

“Explanations for this gold selloff abound everywhere in the mainstream media and nearly all of them are inane and incorrect.  The silliest among all the reasons offered for the current bear market in gold is that Bernanke has recently morphed into a form of Paul Volcker; even though he has maintained the Fed’s zero percent interest rate policy and massive money printing continues unabated.  His policies have, and will continue to significantly weaken the intrinsic value of the dollar—so you can just summarily dismiss that reason. 

Another vacuous reason to explain the drop of the gold price is that the U.S. is eventually headed towards a trade surplus...."

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/19_Pento_-_Gold_Reveals_Global_Markets_On_Thin_Ice.html