With continued volatility in global markets, today one of the greats in the business sent King World News a fascinating piece about the gold and silver plunge, U.S. dollar surge, his plan to short U.S. stocks, plus a bonus Q&A.
By Bill Fleckenstein President Of Fleckenstein Capital
May 26 (King World News) – While Asian stock markets continued their frenzied rampage higher, Europe was weaker as European bonds were roughed up due to the latest machinations in Greece and election results in Spain. Interestingly enough, Portugal’s bonds in the last couple of days were hit much harder than Spain’s, but for the moment all of the countries formerly besmirched as the PIIGS are seeing their debt under pressure. Equity markets over there, however, have barely noticed.
As for our stock market, it wasted no time heading straight down, as the indices lost about 0.75%…..
