Wild Speculation, The Fed & What This Means For Gold & Silver
July 28, 2013
On the heels of another volatile week of trading in global markets, today one of the top economists in the world sent King World News an exclusive piece warning about speculation going on in a major market, and what this all means for gold and silver. Michael Pento, founder of Pento Portfolio Strategies, wrote this piece for KWN.
Pento: “A major determinant for U.S. GDP growth is the real estate sector. The construction of new homes contains only a small section of the total picture. New appliance purchases and home furnishings go hand-in-hand with all of the ancillary employment surrounding the housing market.
Real estate brokers, banking and legal functions are all necessary to support the buying and selling of new and existing houses….