May 30, 2012
Today John Embry told King World News, “This situation is unprecedented. The world has never, ever been in a condition like this.”
The bottom line is that gold will bounce back violently from this manipulation at some point.”
Embry also added: “What you have going on right now is a rush to the supposed safe havens, which are the US dollar, and, by extension, US Treasuries. The US 10-Year is now at a historic all-time low. This is preposterous, but it is a pre-condition for QE3.
The US Fed would love to have the dollar firm when they announce QE3 because it is going to get clobbered on that announcement. Similarly, I think they want the gold price as low as possible when that announcement is made because it will be taking off to the upside when QE3 is announced.
The stock market will also be taking off to the upside from lower levels when the announcement is made. So, I think they could be grooming (managing) the markets as we speak, positioning them for the optimal point of the launch of QE3.
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