God Help Us All Because This Sure As Hell Will Not End Well
May 8, 2013
Today acclaimed commodity trader Dan Norcini sent King World News one of the most extraordinary and powerful pieces that we have ever shared with our global readers. Norcini is warning KWN readers around the globe that “… some in the halls of economic power have looked over the cliff and seen the abyss below,” and their “only concern (at this point) is avoiding entering that chasm.” Norcini also discussed gold, silver, stocks, shorts and central planners in this magnificent piece.
Norcini has been stunningly accurate in his predictions of the movement in the gold and silver markets. Now the acclaimed trader discusses incredibly important developments in key markets: “With US equity markets surging into new record highs on a daily basis, one of the few sectors not participating are the gold and silver mining shares. The divorce from the broader stock market is quite evident with the miners sinking lower as the rest of the market moves higher. Clearly there is little if any speculative interest in owning shares in this beaten down sector outside of the value based buyers.
As I have mentioned many times before, its takes the momentum based buying crowd to chase prices higher, and clearly they are not interested. As far as the broader investment community is concerned, the central bank reflationary activities via bond buying programs, mortgage-backed securities, agency debt, along with the low interest rate environment, are having no impact whatsoever on inflation. Thus, the West continues to cast off gold, jettisoning the metal in favor of equities, while the East accumulates as much physical gold as possible….