Richard Russell: “The Moment of Truth is Here”

Posted by Richard Russell via King World News

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Expect An Avalanche Of Fiat Money Creation. The Fed and the central banks of the world will not tolerate deflation.

Already several members of the Fed have released feelers to the effect that QE should be extended into the future, and interest rates must be kept at zero.

 

This is what’s holding gold up in the face of global deflationary pressures. As I see it, we’ve arrived at the moment of truth. Will the central banks be successful in avoiding a deflationary depression? Or will manmade monetary creation keep us prosperous?

As I write, gold continues to advance. Technically, gold is on the handle of a cup and handle pattern. Gold is trading at 1244, with 1253 the point for an upside breakout…..continue Reading HERE

Gold at 6:37am PST 10/21/14 H=1254 L=1251.8 C=1253.3

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…continue Reading HERE