John Embry: “Yesterday we saw a surge in stocks and a smash in gold. The interesting thing was the supposed reason for the surge in stocks was related to discussion of possible Chinese easing. Well, continuous easing and additional QE by virtually every country in the world would normally benefit gold and silver, not cause them to plunge in price….
Continue reading the John Embry interview below…
“But instead we had a surge in overvalued stocks markets and gold and silver were under considerable pressure. This was just more bogus action in the markets, which, as I’ve noted previously, suggests to me that there is a major problem behind the curtain. Who knows whether it’s related to derivatives or not, but there is something the central planners are very afraid of.
The basic problem in the world is that there is far too much debt and there isn’t enough good collateral. So it seems to me that they are always trying to inflate the value of the collateral — stocks, bonds, real estate, etc. My major concern is that this is going to end horribly. The desperate actions of the central planners is simply delaying the inevitable..."
at http://kingworldnews.com/50-year-veteran-warns-a-huge-game-changer-is-about-to-strike/
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