The News UNIT

This is my personal arrangement to provide a useful format for discussing and disseminating breaking news and information. Opinions posted here are not necessarily my own. If you are offended by wide open discussions of news, life, politics and religious things, and God's word, kindly get out of here NOW. At times sources quoted here are suspect at best. I try to make sure they are correct, but I do err at times. Comments by readers are theirs alone, I may or may not approve of their opinions.

Tuesday, October 11, 2011

Are Gold and Silver Cankered?

Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. ---JAMES 5.3

John Embry is changing his tune now on GOLD and SILVER and now he cites an additional 40% market correction ahead. "Gold needed a correction...", says John among other comments. Notice you don't hear GOLD is going to $2,500 and Silver $68 or $100 anymore. The reality has set in. It will be interesting to hear what additional reports show up as the US DOLLAR strengthens against global liquidity tightens driving asset prices down...
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/12_Embry_-_If_We_Repeat_2008,_Stocks_Could_Fall_40_From_Here.html

Another 40% drop could smash GOLD down to $1,000 and SILVER to $19US.

...developing...