May 23, 2013
There is an excess of monetary heroin, Quantitative Easing, in Europe, the UK, Japan, the USA and elsewhere. (When will they ever learn?)
The S&P 500 is hitting new highs and gold and silver are sitting roughly at two year lows. Strange and stranger every day…….
What should we make of it? Let’s ask the really successful old guys who have seen it all.
Richard Russell on May 17, 2013:
“The CPI is manipulated, and I believe gold is being manipulated as well. The Fed’s QE4ever is inflating everything — school tuition, haircuts, food, gas, insurance, medicine. They’ve already “rearranged” the CPI, so what’s left for them to do to keep us from knowing about inflation? Oh yes, it’s gold, so c’mon, Bernanke, keep the lid on gold. Slam it in after-market trading in the thin paper-gold markets of the night.
I promise you, when the true forces of inflation finally break loose, the Fed won’t be able to disguise what they’ve wrought. When the true forces break out — it will be a national disgrace and an emergency. ‘Then you will know the truth, and the truth will set you free.’ The rest of this year should be something to behold.”