"Today
John Embry, who is Chief Investment Strategist of Sprott Asset Management, spoke
with King World News about the shockingly tight physical gold market. He also
discussed Europe, the United States, stocks and silver.
Here is what he had to say:
“The US stock market has been levitating over 13,000 for a bit,
and I was struck by an article in the NY Times which featured Jack Bogle, who
started Vanguard Funds. Jack said, ‘It’s urgent that people wake up because
this is the worst time for investors that he’s ever seen, and he’s been in the
business for more than 60 years.”
John Embry
continues:
“When you put what he said together with the fact
that the VIX is at the lowest level since 2007, they contradict each other. But
I would be inclined to go with Bogle. It’s my firm belief that the stock market
is being supported by the PPT (Plunge Protection Team).
Right now I think the market is extraordinarily
vulnerable to the realities of what’s going on in the world...."
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