Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
King World News interviewed John Embry, Chief Investment Strategist of Sprott Asset Management, a fund with assets of some $10 billion, over the long weekend.
Embry says “bullion dealers are telling [me] phones are ringing off the hook and demand is incredible” and he doesn’t think for one moment there won’t be a third round of monetary easing:
“I think perhaps the most bullish thing I saw yesterday was that Dennis Gartman has pronounced the end of the gold bull market as a result of the Fed’s actions. Nothing could be further from the truth. Given Dennis’s unbelievably inept record at calling the gold price, in both directions, I regard this event as wildly bullish.”
“You also had CNBC, which to me is a propaganda machine, when they are out slamming gold and silver after they have experienced major corrections in ongoing bull markets, again, this is wildly bullish for both metals. I really am intrigued at what is taking place because I think the other side, the manipulators, are seriously over-playing their hand here. The interpretation of the FOMC minutes that there would be no more QE is preposterous.
Continue reading at King World News.
