With the world continuing to face great uncertainty, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, told King World News, “to me this eerie calm is just a passing phase and we will soon be back in the eye of the hurricane.” He also spoke about the Fed “releasing new propaganda that would make even Nazi Reich Minister of Propaganda, Joseph Goebbels, cringe.” Below is what John Embry had to say in this powerful interview.
Embry: “I was fascinated by those revelations last week from the central banks of Sweden and Finland, which Egon von Greyerz spoke about in his KWN interview. It’s a very powerful thing that people are becoming aware that these central banks don’t even have a fraction of the gold in their own vaults....
To continue reading the John Embry interview please click here
In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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