Former Soros Associate Says The ‘Fix’ Is In

Wednesday, August 31, 2016
By Paul Martin
August 31, 2016

As we get ready to enter September, a former associate of George Soros says the “fix” is in.

Victor Sperandeo manages over $3 billion, has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below is what Sperandeo had to say.

Eric King: “Victor, where is the gold market after what has been a powerful up-move so far this year?”

Victor Sperandeo: “Most of the gold and silver mining stocks went straight up. They performed incredibly well and so they got overbought. So did gold, but not as much…

But the key is that gold is now in a waiting period or consolidation. That’s what the chart shows — an across the page consolidation. And the fundamental reason for that, because you always have a technical and a fundamental, is this constant talk by the Fed that they are going to raise rates.

The next Fed meeting is September 20 – 21. Every time the dollar sells off, and that’s happened three times now, the cockroaches from the FOMC (the Fed) come out and talk up the dollar and say that the market is underestimating the strength of the U.S. economy. Then the dollar rallies again and the cockroaches go away. (LAUGHTER). So it’s like the lights being turned on.

The Rest…HERE

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