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Hathaway – We Are About To See $100+ Up Days In Gold

from KingWorldNews:

Today four-decade veteran John Hathaway shocked King World News by predicting that we are about to start seeing $100+ up-days in gold. The prolific manager of the Tocqueville Gold Fund also stated that the Fed is close to acting and they are most likely going to do something, “… on a very big scale.” He warned, “… there is nothing worse than having an activist Fed which is ineffectual. That would just destroy confidence.”

Here is what Hathaway had to say: “Hilsenranth, who everybody knows by now is basically a mouthpiece for the Fed, he went quite extensively into what the Fed is thinking about doing, including a round of quantitative easing, putting nominal interest rates to negative levels, and possibly cutting the interest rate on free reserves.”

John Hathaway continues @ KingWorldNews.com

1 comment to Hathaway – We Are About To See $100+ Up Days In Gold

  • Ed_B

    “He warned, “… there is nothing worse than having an activist Fed which is ineffectual. That would just destroy confidence.””

    WOULD destroy? Hells bells, man, confidence in the US died 3 years ago!

    As to additional cutting of interest rates, this will NOT work. They keep trying this as if it is some kind of magic potion and it is not. Very few people care whether interest rates are 3% or 2%, let alone less than that. It is not the cost of money that is strangling this economy, so making even more money available is NOT going to fix it. Instead, the national government needs to show some leadership for a change and get rid of LOTS of laws, rules, taxes, and regulations that have the economy so strangled that it cannot even breathe, let along prosper and create demand for more goods and jobs. Just remember a very basic formula: Increasing government = decreasing prosperity. That’s all. Yes, it really IS that simple.

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