Nothing Is Real In Markets Any More, This Will End Badly
February 12, 2013
Today Egon von Greyerz told King World News that when it comes to markets, “… nothing is real.” Greyerz, who is founder of Matterhorn Asset Management in Switzerland, also believes we are seeing a sucker’s rally in stocks. Here is what Greyerz had this to say: “Eric, I believe investors are focusing too much on the short-term movements in the precious metals. Gold is up seven times in 13 years, and it’s likely to go up much more than seven fold in the next 4 years.”
Egon von Greyerz continues:
“So the fact that we’ve consolidated near the highs for 17 months is only positive. That will generate massive energy for the next move, and that move is coming soon. So instead of looking at the short-term, we must step back and analyze what’s actually happening in the world.
My conclusion is that nothing is real….