Wednesday, April 24, 2013

Ronald Stoeferle: "Last Week We Were Really Close To A Default of The 130-to-1 Paper Gold Market"

..."the point of maximum pessimism" has been reached, to where in response, staggering physical demand nearly broke the leveraged paper gold system over the last week.

[Additionally], there were 15 journalists calling me on Monday…[including] many former colleagues, people who haven’t called me in years and they were [all] really panicking…They have no clue what’s going on, [and] they [all] think…Cyprus was responsible for this take-down… [So] over the last week we’ve seen desperation, panic, and anger.”