With the price of gold surging nearly $20 and continued uncertainty in global markets, today King World News is pleased to feature an interview with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world.
Michael Belkin: “Everything Yellen has said is wrong. The US economy is not recovering and US short-term interest rates aren’t going to rise. This reality demolishes the argument for being long the dollar vs. Japanese yen and euro. The dollar index (DXY) should weaken in the fourth quarter. A weaker dollar should unleash gold! While the GDX gold (mining) stock ETF was down -23% in Q3, many gold stocks on our long list were up. Gold stocks are a depressed asset after a four year bear market. Gold is monetary kryptonite to Yellen’s superpowers. Gold (and gold) stocks should have a big rally in the fourth quarter of this year.”
http://kingworldnews.com/man-who-advises-top-sovereign-wealth-funds-in-the-world-says-the-price-of-gold-is-about-to-be-unleashed/
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