John Embry: This Gold Smash Will Pass, the Case for Fiat is Zero
December 15 — With near panic in the gold and silver markets, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver and the mining shares headed. When asked about the action in gold, Embry said, “You’re always surprised at the viciousness of a decline like this. I mean this all started in the wake of the failed European Summit. At one point, after the initial communique, gold shot up to $1,760 and now it’s roughly $200 lower. The reality has barely changed, but the perception of the reality appears to have swung dramatically.” Read more
