Hathaway – This Financial System Is Now In Its Final Stages
August 20, 2012
Today four-decade veteran John Hathaway told King World News, “We’re in the final years of what’s been happening since the 1930s.” The prolific manager of the Tocqueville Gold Fund also said, “Needless to say, the mainstream media has no clue about it.” Hathaway also warned the current system is “… now in its final stages.”
Here is what Hathaway had to say: “I continue to believe that gold is at the end of it’s year long correction, and nobody gets it. From my point of view the setup couldn’t be any better than that. There is absolutely no volume in the mining shares, and yet gold already made a low is December of last year. Gold has held that low and the gold shares made their low in the middle of May.”
John Hathaway continues:
“The XAU bottomed around 140 and we are at 160 now. If you take that time interval, from the middle of May until now, gold is up 5%, but the mining shares are up about 15%. So gold stocks are beginning to outperform the metal. In my experience this has always been a very bullish configuration.
You read something every day about QE….