Gold expert Rob Kirby says if the Fed did raise rates, you get another record fall in stocks, which is what happened in January. Kirby goes on to say, “The reality is that’s probably what should be happening right now in the stock market, but we know that the stock market is manipulated, just like we know LIBOR (London Inter Bank Offered Rate) is manipulated. Just like precious metals are manipulated, their prices are suppressed. . . . There are some revelations that are going to be coming regarding precious metals price suppression, which is going to make the deniers, that this has been occurring, look very silly. This is going to occur in the very, very near future. . . . The reaction to this news is going to be a very, very strong pop in the price of precious metals. . . . When it is an irrefutable fact that the precious metals market is suppressed in the paper arena, what do you think people are going to do? They are going to buy physical metal because they are going to know that holding physical metal is one way to avoid being manipulated. They are also going to know that real physical precious metals have been held back and they are underpriced. This should create a very, very strong round of buying of physical precious metals which should push prices dramatically higher.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with macroeconomic researcher Rob Kirby of KirbyAnalytics.com.