from King World News
One of the greats in the business comments on Friday’s told takedown and another issues a major warning on stocks.
Friday’s Gold Takedown
January 11 (King World News) – James Turk: Another warning sign that US dollar is in trouble. Despite record Federal Reserve purchases of US Treasuries, interest rates are rising, meaning tipping point has been reached. Rates are now rising because of Fed purchases. Fed is debasing USD signaling higher inflation ahead.
I’ve been on the front lines of the central bank vs gold battle for a long time. … Friday’s seller was painting the tape. Seen it many times before. Fundamentals of precious metals remain positive and for last 5,000 years gold always wins the war – eventually…