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WARNING: The Greatest Wealth Transfer In History Is About To Unfold – How Fortunes Will Be Made And

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Lobo
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WARNING: The Greatest Wealth Transfer In History Is About To Unfold – How Fortunes Will Be Made And

Post by Lobo on Thu 17 Sep 2015, 9:24 pm

WARNING: The Greatest Wealth Transfer In History Is About To Unfold – How Fortunes Will Be Made And Lost

19958 Views September 17, 2015 GOLD, KWN King World News



Three weeks ago the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, Egon von Greyerz, told KWN:  “There are so many black swans circling at this point.  So there is no chance of a U.S. interest rate hike as I have been saying for a while. … All central banks will do whatever they can to hold rates down.  The problem is that the bond market is the biggest bubble in the world and at some point there will be a major panic in the bond market.”…
Continue reading the KWN piece below…


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Yesterday John Embry told KWN:  “Now if one looks at the turmoil in emerging markets and listens to the various advice emanating from various international organizations, one would have to bet on no rate hike at this point.  In addition, the U.S. economy is far weaker than the authorities care to admit.  And on that basis the last thing necessary at this juncture is a rate hike.”
And two days ago Art Cashin noted:  “Stay Thy Hand – The Economist has joined the BIS, the IMF, the World Bank and scores of others in calling on the Fed to delay the rate hike.”
So today’s decision by the Fed to leave interest rates unchanged comes as no surprise.  It did send gold and silver rallying along with stocks and bonds, while the dollar fell about 1 percent.  What is also noteworthy is that the HUI (mining share index) recently broke to new lows but had absolutely no follow through whatsoever to the downside and now the sector is in rally mode.

The Greatest Wealth Transfer In History 
This is all part of a longer-term bottoming process in the gold market.  It’s impossible to know if the bottom has already been made, but there is no question that when gold enters the next leg higher in this secular bull market, fortunes will be made on the upside in gold, silver, and the high-quality mining shares.  Likewise, fortunes will be lost as paper assets such as bonds implode as one of the greatest wealth transfers in world history unfolds.

http://kingworldnews.com/warning-the-greatest-wealth-transfer-in-history-and-how-fortunes-will-be-made-and-lost/
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Re: WARNING: The Greatest Wealth Transfer In History Is About To Unfold – How Fortunes Will Be Made And

Post by Neno on Fri 18 Sep 2015, 12:25 pm

And the US didn't raise them reported today.

    Current date/time is Tue 27 Jun 2017, 3:52 am