John Embry: Gold To Spike As Physical Market Is Shockingly Tight – King World News

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“I think it’s clear there is a steady buyer in the market, but the price is being controlled in the paper market. The charts for both gold and silver are looking better and better with each passing day. It should look better because the fundamentals are spectacular…This additional QE will be extraordinarily positive for gold and silver because it’s extremely negative for currencies in general. I would be very surprised if we don’t see new highs in gold before the end of the year, which would mean well over $1,900.”