kingworldnews.com
As
the world edges closer to the next crisis, today the man who has become
legendary for his predictions on QE and historic moves in currencies
told King World News that investors should ignore the Fed engineered
takedown in the gold market because the $1,350 Gold Maginot Line is
going to fall.
Gold Maginot Line Will Fall
April 6 (King World News) – Eric King: “Egon,
we’ve had some sloppy trading in the gold market but it feels like the
sloppy trading is coming ahead of the major breakout — your thoughts on
what’s unfolding here.”
Egon von Greyerz: “Eric, we’ve seen gold going sideways for over six years. And I’ve talked about this Gold Maginot Line — this $1,350 line — which we’ve essentially been underneath since 2013. They (Western central banks) are trying to hold it there but they are not going to be able to succeed. It
(the Gold Maginot Line) is not a strong line for the simple reason that
many currencies have already broken out to new all-time highs priced in
gold. And many currencies,
even Western currencies — the Swedish kroner, Norwegian kroner,
Australian dollar, Canadian dollar, these currencies have also made new
all-time highs (in terms of the gold price). So…
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