Ben Davies – Eurozone, Deleveraging & Gold to Break $6,000
KingWorldNews.com
June 23, 2012
With tremendous volatility in global markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital. Davies told KWN, “it would have been lovely to have had an extreme event happen so that we get to the end of this process.” Here is what Davies had to say about what is taking place: “I think the mini-boom that we had in the nominal gold price, up to $1,900, we’ve been working off that mini-excess sideways. The disinflationary pressures from this concept of credit dying is worrying, and I think it weighs on all assets prices. But gold is doing what it should be doing.”
Ben Davies continues:
“If you look at it on a relative basis, gold has maintained its purchasing power. It’s done exactly what it should be doing. Short-term I am concerned that we could be going down to $1,400? Yes, that’s a real risk in this environment.
The Greek situation that’s sort of bubbling away, there’s no change in the status quo. In some ways, as awful as it sounds, it would have been lovely to have had an extreme event happen so that we get to the end of this process….
The Rest…HERE
