Today John Embry told King World News that the silver market is getting very close to a commercial signal failure. Embry, who is Chief Investment Strategist at Sprott Asset Management, also spoke about global stock markets, gold, mining shares, and the global economy. Here is what Embry had to say in this exclusive interview: “It appears that Europe is unraveling once again. I was really irritated with the level of enthusiasm that had developed in Europe because of the bond purchase program, which caused the interest rate picture to improve.”
John Embry continues:
“I didn’t believe that the lowering of interest rates had one iota of reality with regards to what was going to happen on the ground with the economy. Now that the fraud in Spain has been revealed, spreads are starting to widen again and the European stock markets are getting kicked around.
I think the reality is that Europe will face a tough road going forward….
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