Thursday, 8 September 2011

Swiss pegging their currency to the Euro - Very Bullish for Gold

When asked about the Swiss pegging their currency to the euro Embry responded, 

“In a world in which manipulation wasn’t predominant in markets, that news should have sent gold screaming up $100, not down $100. With their currency getting too strong and impacting their economy, they (the Swiss) have hooked themselves up to the euro, which looks like a depth charge. This is a very bullish development for gold.”

- John Embry via a King World News Interview, read the full interview here: