http://usawatchdog.com/fed-rattling-emerging-markets-to-keep-u-s-propped-up-gregory-mannarino/ – Don’t expect the market to plunge just yet because Gregory Mannarino of TradersChoice.net says, “The Fed is counting on turmoil in the emerging markets to drive money into the U.S. market to keep the system propped up.”
Mannarino contends what you are seeing now is just a short term trade. In the longer term, Mannarino predicts, “Without a doubt, this is going to blow up. . . . I’ve been saying this for years now–we are headed for a pan global financial cataclysm. That’s a fact.” So, how does Mannarino plan to protect himself from this surefire coming calamity? Mannarino says, “I pull my gains out of the market, and I turn them into hard assets. I am the biggest precious metals bull out here. I can’t imagine a better place to be than in gold or silver, especially silver.”
Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.
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