John Embry tells KingWorldNews:
"...I think the backbreaker would be a recognition that all of this economic recovery being touted in the US is all just smoke and mirrors, that it really isn’t happening. It’s just a bunch of people playing with numbers and in fact the economy is getting ready to go the other way.
"Ben Bernake alluded to that today when he said he wondered whether the labor market recovery was sustainable. He knows full well the problems that are out there and the fact that there is no easy solution to this. This is what people need to be cognizant of, don’t believe what you hear.
"There is also a lot of negative commentary coming out of the same entities in the mainstream media who have constantly been wrong regarding the price of gold. They are now saying the gold price is broken and it’s going to go down to $1,400 to $1,500 or even worse.
"This just sets the perfect psychological backdrop for what’s coming, which is probably going to be a very sharp move higher. This will be in response to the inevitable quantitative easing. QE is coming, despite what anybody says..."