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« Russia Relies On Gold To Push Reserves Back Over $380 Billion | Main | Even If Pressured, Gold Won’t Fall Below $1,150 in 2016 - GFMS »
Saturday
Apr022016

50-Year Veteran Warns A Great Financial Holocaust Is Coming

Today a 50-year market veteran told King World News that a “Great Financial Holocaust” is coming.

John Embry:  “Eric, as far as I can determine, the economic outlook is deteriorating virtually everywhere as it appears the severely over-levered global financial system can no longer support any sustainable growth…

John Embry continues:  “This is certainly being confirmed by the alarming decline in world trade.  Now, despite the odd positive economic statistic emanating from the U.S. government, which often gets revised down considerably not long after and when it gets considerably less publicity, the U.S. economy is in big trouble.

read more....

 

Gold prices heading back to $1180/oz?

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