Greyerz – The Gold Train Is Picking Up A Head Of Steam
November 6, 2012
With gold, silver, and the entire commodity complex on fire today, Egon von Greyerz told King World News, “… the physical buyers are continuing their aggressive purchases.” Here is what Greyerz had this to say: “Eric, this is just the action that I’ve been predicting for a while. I expected the pressure to last until the election. It’s clear that November will be a strong month. This is the start of the big move. This is the start of the move that will last until at least next summer before a major correction.”
Egon von Greyerz continues:
“The potential exists here for a major upside move. Just look at the major charts you published today. These are charts that show gold will move up exponentially once the key levels on those charts are taken out to the upside. I am absolutely convinced there will be unlimited money printing worldwide, and the gold market is reflecting that.
The move that we have been seeing to the downside is not justified at all….