Global Markets Now On The Verge Of Total Panic & Meltdown
July 7, 2013
On the heels of extraordinary turbulence in key global markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece. Fitzwilson, who is founder of The Portola Group, discussed financial meltdown, and what this all means for battered traders and investors in the gold market. Below is Fitzwilson’s outstanding and exclusive piece for KWN.
Fitzwilson: “Friday was an extraordinary day. Stocks and oil posted strong gains while precious metals were sold off. The strength in the stock market was attributed to a positive jobs report, and the rise in the price of oil was associated with the unrest in Egypt. Precious metals hit another air pocket, but the source of the selling was managed money, not from the bullion banks.
But what was really significant was the carnage in the bond market….