The Real Carnage The World Will Have To Face Is Still To Come
September 6, 2013
With continued volatility in global markets, today a 58-year market veteran warned King World News that “The real carnage the world will have to face is still to come.” Ron Rosen, who has been at this business for almost six decades, also cautioned that what is coming as a “major and historic transition.” He also stated that this transition will make the chaos which took place in the 1970s pale by comparison.
Eric King: “Ron, you’ve been at this business for nearly six decades, where are we at this point in this historic cycle, and where do you see us headed from here?”
Rosen: “We are now in the process of making a secondary low in the gold and silver markets. This will confirm that a major bottom in both gold and silver has already taken place, and this pullback will be over in a matter of weeks — I would say 3 to 5 weeks at the most….