Today John Embry told King World News that the silver market is getting
very close to a commercial signal failure. Embry, who is Chief
Investment Strategist at Sprott Asset Management, also spoke about
global stock markets, gold, mining shares, and the global economy. Here is what Embry had to say in this exclusive interview: “It
appears that Europe is unraveling once again. I was really irritated
with the level of enthusiasm that had developed in Europe because of the
bond purchase program, which caused the interest rate picture to
improve.”
I think the reality is that Europe will face a tough road going forward....
When you turn to the East
and look at Japan, we are now almost at a record high gold price as
measured in Japanese yen. I think that tells you all you have to know
about where the whole world is going in terms of the gold price. The
Japanese are being so overt about their intent to debase the yen that
it’s being reflected in the gold price over there.
Read More
John Embry continues:
“I didn’t believe that the
lowering of interest rates had one iota of reality with regards to what
was going to happen on the ground with the economy. Now that the fraud
in Spain has been revealed, spreads are starting to widen again and the
European stock markets are getting kicked around.
“There is no easy answer in Europe in terms of holding the eurozone together or getting any kind of sustainable recovery going.
Read More