Thursday, June 23, 2016

A Massive Correction Is Coming
"This has been happening in all markets. When you have a manipulated market, at some point in time, you have a massive correction back to what would be the norm. It usually overshoots the norm. It’s like keeping a balloon under the water. Sooner or later, it’s going to pop. That’s what we’ve got now .. This needs to catch up to where it should be. In my book, to get to $10,000 gold, there is almost a perfect correlation to gold and U.S. debt up to 2012. Since then, the debt kept increasing and continued to increase, and the gold price corrected. Right now, if we were going to get back to correlation, gold would have to be $2,300 per ounce, and there is no end in sight. . . . Silver should be around $50 to $60 per ounce."
- Nick Barisheff
link here to the reference

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