Leeb – There Is Outright Panic & Liquidation Now Taking Place
June 24, 2013
On the heels of continued chaos in global markets, today acclaimed money manager Stephen Leeb told King World News there is outright panic and liquidation nowtaking place. Leeb also told KWN the Chinese are going to get extremely aggressive in the physical gold market because they believe the price is way too cheap.
Leeb: “I’m trying to focus on the reasons for the collapse, not only in gold and silver, but most of the stock markets across the globe. A lot of investors read Bernanke’s comments about ending QE, if certain economic conditions were achieved, as a reason to liquidate.
Investors firmly believe that the end of QE is like cutting the floor out from underneath the stock market. At the same time, China has decided to curb a lot of bad investments in their economy….