QE madness

comment:

It will end eventually, and it probably won't be pretty.

With respect to gold, it is interesting to note that JP Morgan sold a lot of gold recently.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Jim Rogers Warns "We're All Going To Suffer From This Crazy, Crazy Money Printing"

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Jim Rogers Warns "We're All Going To Suffer From This Crazy, Crazy Money Printing"

By Tyler Durden

Created 06/29/2013 - 22:34

"We're getting to that point where either one of two things are going to happen; either central banks are going to stop all this [money printing], or the market is going to force them to stop it. It looks like we may be having a juncture of both... where the Fed is getting worried... and at the same time, the market is jumping in and saying, 'Yes, it's insane what you're doing, and this has to end.' And if it's not ending now, it's going to end sometime in the next year, because this cannot go on - it's too insane."
"There are a lot of leveraged players who are now being forced to sell [gold]. Usually when you have this kind of forced liquidation, you're getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom.

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Source URL: http://www.zerohedge.com/news/2013-06-29/jim-rogers-warns-were-all-going-suffer-crazy-crazy-money-printing