Things Are Continuing To Deteriorate In The Real World At An Alarming Rate
KingWorldNews.com
February 23, 2016
With stock weakening, crude oil plunging, and gold surging, today a 50-year market veteran warned King World News that things are continuing to deteriorate in the real world at an alarming rate.
John Embry: “Eric, things are continuing to deteriorate in the real world at an alarming rate. As Jason Goepfert pointed out last week, the open interest in gold and silver is blowing out as the commercials, i.e. the bullion banks, dramatically increased their short positions…
“This has always signaled a period of vulnerability in the paper markets for gold and silver because for the last 4 1/2 years the large speculators have generally been flushed and the commercials have covered, making significant profits and keeping the precious metals prices controlled — as per the wishes of the Western central banks and governments.
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