Stock Market Rise Driven by Central Bank Liquidity and Pavlovian Signalling to Algorithm Trading – Craig Hemke

Thursday, July 21, 2016
By Paul Martin

SilverDoctors.com
July 20, 2016

“Eventually, there will be a crisis, a delivery failure that will rupture the confidence that gold is there, that you can get it whenever you want. Everybody will come at once, and the system will just go poof. COMEX trading will probably just halt. They will cash settle out the contracts, and they will say so much for that. . . . Once this system is finally broken, the price isn’t going to be $1,300 an ounce.” – Craig Hemke

Financial and precious metals expert Craig Hemke contends profits in the stock market, in the past few years, came with extreme hidden risk. Hemke explains, “I know why I own precious metal and am continuing to buy it, and that is what I am telling people to do. I mean the price has fallen for totally uneconomic reasons, manipulation being one . . . but anyway, I have used that weakness the last three or four years to keep buying. So, now with this recovery, all of my metal on a cost basis is less than what the current price is. That’s worked out quite well. I am not going to argue with anybody that says you should have sold all your gold in 2011, with the benefit of hindsight, and you should have bought the S&P. You would have made 100%, and hey, knock yourself out. The reason I didn’t attempt to do that is knowing full well anytime between 2011 and today I could have woken up and the whole system could have blown up. That’s how fragile it is. It’s all held together with bailing wire and chewing gum.”

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