Wall Street’s Worst Call In 20 Years, The Sucker Trade & Gold

Wednesday, July 10, 2013
By Paul Martin

KingWorldNews.com
July 10, 2013

On the heels of continued volatile trading in key global markets, today one of the top economists in the world warned King World News about Wall Street’s worst call in 20 years, the sucker trade and also spoke to KWN about gold. Here is what Michael Pento, founder of Pento Portfolio Strategies, had to say in his powerful interview.

Pento: “The entire Wall Street community is absolutely convinced that not only is the U.S. economy healed, but they also believe the U.S. dollar is going to have a massive surge from current levels. They also believe the end of QE is right around the corner, and that higher interest rates will not put a damper on the housing market or GDP growth.

That trade is so overcrowded, especially when it comes to how those factors affect gold….

The Rest…HERE

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