As The Fantasy Dies, Expect Huge Move In Gold - Fleckenstein
King World News
On the heels of more erratic action in global markets, today Bill Fleckenstein warned King World News that as the “fantasy” dies, investors should brace themselves for a huge move in gold. He also discussed how major markets would be impacted. Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this timely and powerful interview.
Fleckenstein: “The gold bear market is over. We spent a lot of time testing this $1,200 range. The unanimity that gold must decline was almost as strong as the one that said stocks had to go higher in 2014….
“So if the bear market is over, the next thing is going to be the bull market. This $1,200 level has been tested and it’s not going to break.
Everybody knows that the Chinese are inhaling gold. One of these days the Indians will get rid of this import tax and they will be back. At some point Americans are going to see they need it (gold). The real upside is going to be when Americans realize they need something like gold to protect themselves from the lunacy of the Fed.
continue article at King World News:
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