One of the Biggest Short Covering Rallies in History May Be Imminent…

by Clive Maund
Gold Seek

In recent days the Fed has made it plain that it is prepared TO BUY ANYTHING AND EVERYTHING to prevent imminent total collapse, and you don’t have to join many dots to see that this will extend to BUYING STOCKS, and it’s not that hard for them – all they have to do is enter a few keystrokes, add a few 0s and it’s sorted – and as Gregory Mammarino repeatedly points out, the more debt they issue the more powerful they become.

Right now sentiment is “end of the world” negative, and any positive development will be enough to trigger a gargantuan self-feeding short covering rally and gold’s huge recovery is a sign that this may be about to start.

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