from King World News
With stocks tumbling, today a market veteran warned that when the global Ponzi scheme is exposed, there is going to be a massive panic.
John Embry: “Right now I’m focused on the desperation of the anti-gold cartel, which is intensifying as gold and silver have recently marched higher in the face of massive shorting by the usual suspects — i.e. the bullion banks. In the last few days the gold open interest has risen as much as I can ever remember in a short period of time. And it demonstrates the lengths to which the powers that be are prepared to go to prevent an upside breakout by the precious metals…