With the almost extinction of ‘bears’ we noted last week, the bull-bear index has now crossed the Rubicon into a euphoria mode that marked the turning point before the last 2 major corrections in the US equity market. Of course, we are sure, this time is different; but hasn’t the Fed ‘always’ had our back? Perhaps, as GenRe’s CIO notes, “gravity will win,”after all?
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of the most highly respected fund managers in Singapore spoke with King
World News about a stunning event that is about to completely alter the
war on gold. Grant Williams, who is portfolio manager of the Vulpes
Precious Metals Fund, also discussed how this war will ultimately end as
well as what all of this means for investors in gold. Below is what
Williams had to say in his powerful interview below.
Williams: “You have 5 banks that set the price of gold every day in
London. They literally do it over the telephone. And this process
takes anywhere from a few minutes to over an hour. Amazingly enough, in
this day and age, during that ‘fixing’ time the participants on that
call are allowed to trade the metal (gold) and they are allowed to trade
derivatives on that metal during the phone call….
Continue Reading at KingWorldNews.com…