Ben Davies: Eurozone, Deleveraging & Gold To Break $6,000

• Ben Davies – Eurozone, Deleveraging & Gold to Break $6,000! 
  by www.kingworldews.com
  With tremendous volatility in global markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital.  Davies told KWN, “it would have been lovely to have had an extreme event happen so that we get to the end of this process.”  Here is what Davies had to say about what is taking place:  “I think the mini-boom that we had in the nominal gold price, up to $1,900, we’ve been working off that mini-excess sideways.  The disinflationary pressures from this concept of credit dying is worrying, and I think it weighs on all assets prices.  But gold is doing what it should be doing.”
  ….
  “Look, if you were to run M4, M3 numbers, etc, and assert a value to gold on an appropriate metric relative to that, obviously gold would be at stupendous prices.  I believe that gold has considerable room to go to the upside, four or five times (Gold price above $6,000).  I think that’s not an inappropriate suggestion.”
  –
  read more!

end